Oil edged up towards $64 a barrel on Tuesday, supported by the Forties pipeline outage in the North Sea, OPEC-led supply cuts and expectations that U.S. crude inventories fell for a fifth week.
The National Company Law Tribunal (NCLT) on Tuesday reserved its order on appointing a new insolvency resolution professional (IRP) for Bhushan Energy Ltd. State Bank of India (SBI) has initiated insolvency proceedings against the company.
Citing the frequent shutdowns of the two nuclear power units at Tamil Nadu’s Kudankulam, DMK leader M.K. Stalin has urged the Central government to examine their safety and also shift the upcoming units from the state.
Foreign energy companies dominated a power-line auction in Brazil as the country seeks to expand its infrastructure to support new power plants.
The government would support manufacturing and selling of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India’s GDP and job creation, Niti Aayog CEO Amitabh Kant said today.
JSW Techno Projects Management, a promoter-owned company of the JSW Group, will acquire a 49% stake in Odisha-based iron ore pellet manufacturer Brahmani River Pellets (BRPL), a move that coincides with its efforts to expand its footprint to the eastern part of India by acquiring stressed steel-making assets.
Wind turbine maker Suzlon has bagged a 252 MW contract from a global firm as a part of Solar Energy Corporation of India (SECI) II bid in Gujarat.
Solar Energy Corporation of India (SECI) has issued an expression of interest (EOI) for the development of 10GW of floating solar across India.
India’s infrastructure major Adani Group had announced yesterday that it has cancelled a $2.6 billion dollar contract with Australian mining services company Downer, just days after the Queensland government vetoed a concessional loan to the company for Carmichael coal mine.
YES Bank and European Investment Bank, a long-term lending institution of the European Union, have joined hands for a USD 400 million fund for renewable energy projects in India over 15 years.