Hardening domestic fuel prices are likely to weigh on the Reserve Bank’s rate setting panel, Monetary Policy Committee (MPC), at its 3-day meet from June 4. This is the first time that the MPC will meet for three days due to “administrative exigencies”.
States can cut petrol prices by Rs 2.65 a litre and diesel prices by Rs 2 litre, a SBI research report has said.
India added 269.64 MW of renewable energy capacity last month taking the total grid connected clean energy capacity to 70,053.81 MW as on April 30, a government report has said.
Coal India Ltd (CIL) will develop its first-ever thermal power plant in the country in Odisha, a top company official said here on Monday.
Here we go again. The gyrations in India’s biggest state-run oil explorer, whose stock was down more than 11.5 percent at one point last week, are a reminder that a nightmare investors thought was over might be resuming.
The rise in petrol and diesel prices has refused to stymie for almost three weeks now.
Coal India subsidiary Mahanadi Coalfields Ltd (MCL) is looking at a majority stake in the proposed Rs 13,000 crore 1,600 mw super critical power venture with NTPC in Odisha.
New full-time Chairman of Coal India Ltd (CIL), the largest coal miner in the world, says his priority will be to ensure that power plants have coal supply for at least 22 days henceforth.
The government is likely to notify a policy on Tuesday for blending 15 per cent methanol with petrol, a move set to bring down fuel cost for motorists besides reducing pollution.
The world’s largest miner, Coal India Ltd, now aspires to be the “most-efficient” coal producer, with an aim to bring down costs to a “bare minimum” level as the sector opens up for commercial mining.