Oil prices seemed to have leveled off after seven consecutive weeks of weekly declines, the longest streak in years.
Faced with multiple challenges on both production and evacuation of supply to power plants, government behemoth Coal India (CIL) might get a five-year breather for the ambitious one billion tonnes a year production target by 2020, given to it in 2015.
Adani Power has shut down a 660 MW unit at its Kawai power plant in Rajasthan due to shortage of coal. The shutdown underscores the ongoing issue of coal shortage at power plants, mainly due to insufficient railway rakes to ferry the fuel.
Mineral import rose sharply in 2016-17, with inward shipment of ores and minerals (Rs8.1 trillion) accounting for 31.4 per cent of the country’s total merchandise import.
State-run oil explorer ONGC has sought reimbursement of large amounts paid by it as royalty and cess on behalf of its exploration partners for the pre-New Hydrocarbon Licensing Policy (NELP) blocks, according to an official source.
Solar-DC solutions startup Cygni Energy today announced it has raised USD 6.4 million through a combination of equity and debt.
As the floods recede in Kerala the focus will shift from the urgency of relief and rehabilitation to more lasting concerns.
Tariffs climbed substantially in the latest reverse auction of 1,200 MW of wind power projects, held by NTPC.
Power Secretary A K Bhalla today said the government is considering providing subsidy for encouraging setting up of e-vehicle charging infrastructure under a policy, to be unveiled in coming days.
The National Thermal Power Corporation (NTPC) has auctioned 1.2 GW of interstate transmission system (ISTS)-connected wind power projects to be developed across India.