Adani Transmission’s proposed exclusivity agreement to acquire the power generation, transmission and distribution assets of Reliance Infrastructure would be incidental on right valuation of assets as experts believe anything above two times the regulated equity of Rs 3,500 crore would be negative for the company.
India needs overseas help to raise production from its aging oil fields and meet its goal of lowering crude imports by 2022, according to consultant Wood Mackenzie Ltd.
India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers, it said on Wednesday, as these two big importers try to secure better prices and concessions from suppliers.
Setting the stage for inclusion of some of the petroleum products in the Goods and Services Tax (GST) regime
Petrol pump dealers called off their planned nationwide strike on October 13 after state oil companies rejected their demands and warned them against closure.
The Union cabinet has approved signing of an agreement with Japan to enable swapping of liquefied natural gas (LNG) supplies from overseas so as to save on transportation costs, and to build a gas trading platform in the country.
Renewable energy tariffs that have already tumbled to a record low will fall further and help India achieve its ambitious targets for generating green electricity, renewable energy secretary Anand Kumar said.
On Friday, the GST Council had revised the rates on transport of natural gas through pipelines and offshore work, partially addressing concerns on cascading of taxes for the sector.
Import of oil-drilling rigs has been exempted from the goods and services tax (GST) levy to give a boost to domestic exploration and production, the government has said. The GST Council has also cut tax rate on bunker fuel to 5% from 12%.
Coal India Ltd. (CIL) sees long-term gains accruing to it in the wake of freeze on allowances and reduced overtime payments through the National Coal Wage Agreement (NCWA)–X which, however, will dent its bottomline in the short-term.