Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said.
The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said.
CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, is interested in acquiring Essel Infraprojects Ltd’s power transmission business at a potential valuation of around $1 billion.
Avaada Power, a clean energy company, today said it will invest Rs 10,000 crore in setting up 1,600 MW solar projects in Uttar Pradesh. The firm signed an MoU with the UP government during Investors Summit 2018, here.
Central trade unions AITUC and CITU have strongly opposed the government decision to allow commercial coal mining by private firms.
Compensating for nonexistent, poor or costly grid power may not be the most scalable solution for India’s microgrids according to a new report from US-based research institute the Brookings Institution.
Bharat Petroleum Corp. Ltd (BPCL) plans to raise $200 million to fund the acquisition of a 3% share in the Lower Zakum Concession, Offshore Abu Dhabi, two people aware of the development said.
The Centre today informed the Supreme Court that it will advance by two years the deadline for supply of Euro-VI petrol and diesel and start supplying these in Delhi from April 1, considering the “serious pollution levels” in Delhi and adjoining areas.
India’s crude oil production declined three per cent in January 2018 to 2,976.41 thousand metric tonnes (TMT) compared to January 2017 output.
A few days after the Indian government virtually did a U-turn on its electric vehicles, allowing car makers to pursue any green technology they see fit, a pressing question on using bio fuels emerged.