Vedanta quoted the highest offer of Rs 2,500 crore for GMR’s 1,370-MW thermal power plant in Raikheda, Chhattisgarh, sources told FE.
Independent power producer ACME Solar today said it has bagged 600 MW solar power project at SECI 3,000 MW Interstate Transmission System (ISTS) Solar bid.
Gujarat Urja Vikas Nigam Limited (GUVNL) scrapped a tender for procurement of 500MW of electricity generated from wind power. The auction, which has faced several delays since it was launched at the end of February, was scrapped due to certain issues raised by bidders.
Energy Efficiency Services Limited (EESL), a joint venture of the public-sector units of the Ministry of Power and the Government of India, has scrapped the second tender to procure 10,000 electric vehicles (EVs) to be used by government departments and agencies.
Union Steel Minister Chaudhary Birender Singh on Friday said the 25% tariff imposed by the U.S. on steel import can ‘indirectly’ affect the domestic sector.
A special CBI court on Friday ordered framing of an additional abetment of bribery charge against Congress MP and industrialist Naveen Jindal in connection with a case of alleged irregularities in the allocation of a coal block in Jharkhand.
Business Standard reported that India’s ambitious strides in decarbonization and the transition to renewable power have seen her emerging as a country with the most number of coal-based generation projects cancelled between 2010 and 2017.
Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.
The country’s trade deficit continued to widen in June, with rising export growth mitigated by an even higher rise in imports fueled by costlier oil.
The Central Railway has registered record earnings of Rs. 59.36 crore from ticketless and irregular travellers for the period April to June.