Following the upgrade of India’s sovereign rating to “Baa2”, Moody’s has also upgraded the issuer rating for five government-owned companies in the oil and gas sector to Baa2 from Baa3.
For the first time in more than a decade, Moody’s Investors Service has upgraded India’s sovereign rating.
The Indian Oil Corporation Ltd (IOCL) on Thursday signed two memoranda of understanding (MoUs) to set up a plastic park and textile park in Odisha.
Over a period of three days starting Friday, 7,00 delegates—mostly petroleum geophysicist will brainstorm over new technologies available across the world which can be used to improve oil and gas exploration in the country.
Citing poor performance by autonomous national oil companies (NOC) ONGC and Oil India Ltd, the petroleum ministry has further tightened the screws on them by handing over approval of their exploration and development activities to the upstream technical arm Directorate General of Hydrocarbons (DGH).
India directed its largest utility NTPC Limited to blend crop residue with coal at its power plants, in a bid to reduce stubble burning on agricultural lands which is clouding New Delhi with smog.
When India’s state-owned Energy Efficiency Services Ltd (EESL) awarded a coveted Rs1,120 crore order in September to Tata Motors Ltd to supply 10,000 electric cars, it signalled the government’s intent to walk the talk on electric mobility.
In view of increase in the power requirement in State of Jammu & Kashmir with the onset of winter, Government has decided to allocate an additional 792 Megawatts for Jammu and Kashmir.
It is a classic case of one ministry proposing and another disposing of. A new analysis of the coal-based power sector by Centre for Science and Environment (CSE) indicates that the sector
As part of its expansion plans, Liberty House Group, which acquired the speciality steel business of Tata Steel in the UK for £100 million, has evinced interest to buy out stressed asset being put on the block under the National Company Law Tribunal-led process.