Adani Power has sought approval from the commerce ministry for setting up of a special economic zone for the power sector in Jharkhand, entailing investment of Rs 15,002 crore.
Azure Power, an independent solar powerproducer, today announced it has bagged a contract from Navodaya Vidyalaya Samiti for setting up solar rooftop projects of 11.35 Megawatt (Mw) capacity in 152 schools across six states.
Times Of India reported that in a big boost to the power sector in the state, renewable energy giant Suzlon Group has expressed interest in setting up a power plant.
Longi Solar has confirmed it will be the first Chinese solar company to set up manufacturing facilities in India. The news comes just a month after the company said it would invest $300 million in a 5 GW module facility in China.
Hedge funds continue to increase their bullish positions in oil, even as prices hit the highest level since the slump began in 2014, brushing aside concerns about overheated markets and the risk of a correction.
Noble Energy Inc will sell a 7.5 percent stake in the Tamar natural gas field offshore Israel to Tamar Petroleum Ltd for about $800 million in cash and shares, the U.S. oil and gas producer said on Monday.
Iraq will comply with the OPEC-led deal on reducing output even though Baghdad is working hard to increase its oil export capacity from the north and south of the country, its oil minister said on Monday.
Indian Oil Corporation (IOC), the country’s largest fuel retailer, is likely to report strong third quarter numbers on the back of increased refinery throughput and crude inventory gain offsetting lower refining and marketing margins arising due to lack of adequate increase in auto fuel prices during state elections, according to experts.
FMCG major Hindustan Coca-Cola Beverages (HCCB) Pvt Ltd on Monday said it will be using solar power as the primary source of energy for manufacturing operations at all its factories in Andhra Pradesh and Telangana.
“RInfra has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the six-laning of Aurangabad to Bihar-Jharkhand border (Chordaha) section of NH-2 in Bihar.