The Euro-VI grade petrol and diesel will be supplied to the national capital by three oil PSUs from their refineries at Mathura, Bina and Bhatinda from April to help it fight the alarming levels of air pollution.
Indian Oil Corp is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
India’s sovereign rating upgrade by Moody’s is a shot in the arm for Indian companies looking to raise funds in offshore bond markets.
NCC rose 2.97% to Rs 110.95 at 9:35 IST on BSE after the company said its consortium with BGR Mining & Infra has received mine development contract from NTPC.
India’s largest solar power park, in Karnataka, will witness a re-tendering of 200 megawatts of capacity shortly.
Two months after a run-in with US giant General Electric Co. (GE) over the manufacture of diesel locomotives, Indian Railways has decided to phase out diesel engines in the next five years and switch entirely to electric ones.
The Insurance Regulatory and Development Authority of India (Irda), Indian Railways and Life Insurance Corporation of India are in disagreement over the ‘status’ of the proposed borrowing by the Railways as the regulator demands that the funds belonging to millions of common insurers be ring-fenced as stipulated by regulations, two people familiar with the developments said.
With crude oil going above $60 a barrel and the Organisation of the Petroleum Exporting Countries (OPEC) expected to extend ouput cuts later this month, the Indian government faces a difficult decision to renew the excise reduction on transport fuels in this election season.
Government-owned fuel retailer Hindustan Petroleum Corporation Limited (HPCL) after setting up one of the first electric charging stations in the country in the city of Nagpur has indentified and two more places where it plans to set-up electric charging stations.
Change is a common factor in our kind of business. It is clear that the change is happening faster in terms of technology than it is to happen before but we are ready.