The troubles at Suzlon Energy, the largest player among domestic turbine makers, are symptomatic of the industry. Leading turbine manufacturers with more than 80 per cent market share are staring at weak order pipelines, losses, and regulatory niggles.
Tamil Nadu announced a new Solar Policy in February 2019. The policy aims at a State-wide capacity of 9,000 MW by 2023, of which, 5,400 MW is expected to come from the utility category (Central government schemes, preferential sale to Tamil Nadu Generation and Distribution Company or TANGEDCO
Adani Transmission on Wednesday said it will seek shareholders’ approval on August 8 to raise Rs 5,000 crore through the issuance of equity shares, securities and other instruments. The company will raise the fund in one or more currencies and in one or more tranches, Adani Transmission said in a BSE filing.
Power producing companies have a new roadblock, making the Indian market a little more unfeasible for them. Distribution companies have held back a huge sum of money from the power-producers.
The Directorate General of Trade Remedies (DGTR) has issued its preliminary findings in the anti-dumping investigation on the imports of aluminum and zinc-coated flat products originating in or exported from China PR, Vietnam, and Korea RP.
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather.
The Comptroller and Auditor General of India (CAG) in its latest performance audit report of Oil and Natural Gas Corporation (ONGC) has found deficiencies with regard to safety in marine logistics operations by the company.
For Defaulter Bhushan Power, Fraud Charges by PNB, Allahabad Bank Couldn’t Have Come at a Worse Time
The resolution of yet another mega corporate loan defaulter, Bhushan Power & Steel Ltd (BPSL), is in doldrums and it is entirely possible that the panoply of lenders, which was hopeful of getting back at least a part of their money sunk in this steel maker, may remain empty handed.
The electric vehicle segment is a big opportunity for Indian manufactures and they should look at not only producing such models for domestic market but also exports, NITI Aayog Chief Executive Officer Amitabh Kant said on Wednesday.
BP, British oil and gas firm, and Mukesh Ambani-led Reliance Industries (RIL) are collectively spending $5 billion to execute three gas development projects in the Krishna-Godavari (KG) basin, said Bernard Looney, BP’s chief executive (upstream), on Tuesday.