The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a “one-time measure”, and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday.
If India’s need for energy security (reduction in energy imports) seems at odds with its need for clean energy (reduction in energy related air pollution)
OPEC again sought to reassure markets after one of its biggest customers complained about the pain of high prices.
Oil India Ltd (OIL) has reported making two hydrocarbon discoveries in Dibrugarh & Tinsukia district in the Upper Assam Basin.
State owned electricity generator NTPC has secured the entire 160 MW of PV capacity it bid for in a reverse auction for 500 MW of grid-connected solar projects tendered by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Care Ratings on Thursday said that it expects higher coal imports during the year on the back of improved capacity utilisation in various sectors, including power.
India might miss its target to conduct 10 Gw capacity wind auctions in the current financial year ending March 2019, credit ratings agency, India Ratings and Research (Ind-Ra) said on Thursday.
The share prices of India’s state-owned oil companies have declined by around 20 per cent on an average since the government announced a reduction in fuel prices on 4 October. Unsurprisingly, the aggregate market capitalisation of the six-largest listed
Crude oil prices have surged this year on the talks of US sanctions that are expected to strain supplies of Iranian oil by reducing shipments.
OPEC Secretary-General Mohammad Barkindo Thursday said that India sent a complaint letter to him recently, expressing discomfort over the current market situations.
The Solar Energy Corporation of India (SECI) has yet again extended the bid submission deadline for setting up 150 MW (50 MW x 3) of grid connected floating solar power projects at Rihand Dam (also known as Govind Ballabh Pant Sagar Reservoir)