Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017

Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017

In what can rival the likes of Russia’s Rosneft ($55 billion in market cap) and UK’s BP Plc ($112 billion) in market value and financial power, finance minister Arun Jaitley while presenting the Union Budget 2017 announced creation of an integrated public sector ‘oil major’ by integrating the oil sector PSUs across the value chain and to enhance capacity of Oil PSUs to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders.

JSW Group And Its Unsatiated Appetite For Acquisitions

JSW Group And Its Unsatiated Appetite For Acquisitions

JSW Group has never hidden its intention to grow via acquisitions. In fact its cement division has just acquired Odisha-based Shiva Cement Ltd. and chairman Sajjan Jindal maintains that almost all its divisions are on the prowl to acquire stressed assets which make strategic sense for the individual companies. He believes the private investment cycle […]

Accolades For Piyush Goyal and EESL: Distribution of LED Bulbs under UJALA crosses 20 crore

Today India is a world leader in LED consumption and we're selling 600,000 LED bulbs a day, union minister of state for power, coal, RE and mines Piyush Goyal said on Wednesday at the Raisina Dialogue 2017 in New Delhi.

Accolades For Piyush Goyal and EESL: Distribution of LED Bulbs under UJALA crosses 20 crore

In a span of just two years and which is also a record of sorts, India is presently selling six lakh LED bulbs every day and has crossed yet another benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme. This assumes significance given the savings of Rs 10,000 crore that will accrue annually in electricity bills of the consumers.

India’s solar market expected to grow by 90% in 2017

Overall, 2017 will prove to be a bumper year for the solar power sector in India. Total installed capacity is expected to reach 18 GW by the end of the year.

India’s solar market expected to grow by 90% in 2017

With a pipeline of around 14 GW of utility scale projects, about 7.7 GW is expected to be commissioned in the year—a growth of around 90% over 2016. Combined with 1.1 GW of expected rooftop solar capacity, India should add a total of 8.8 GW in 2017, ranking it amongst the top three global markets after China and the USA.