Mining mogul Anil Agarwal today welcomed the Centre’s decision to open up coal mining to the private sector for commercial use and said the move will usher in much needed competition and increase domestic and foreign direct investment in the sector.
The Canadian Prime Minister Justin Trudeau is on a week-long visit to India. While trade, education, infrastructure, and skill development top the visit’s agenda, climate change action is another dimension highly important for the long-term economic growth and the international reputation of both Canada and India.
Indian land between Bangladesh and Nepal is going to be the conduit for the two friendly international neighbors to have large scale hydropower trade in between.
India Grid Trust (IndiGrid), the country’s first infrastructure investment trust (InvIT), today acquired three transmission assets from its sponsor Sterlite Power Grid Ventures for a consideration of Rs 1,410 crore.
The Union cabinet’s approval today for the methodology for conducting auction of coal blocks for commercial coal mining is a major step forward in the implementation of coal sector reforms by the Modi government, experts said.
The capacity utilisation of coal-fired power plants is expected to hover between 60% and 62% in 2018-19 because of large capacity additions in the past five years, according to India Ratings and Research (Ind-Ra).
Outokumpu, a global stainless steel manufacturer, plans to showcase its products and capabilities to meet the country’s growing need for critical high-end applications across energy, oil & gas, nuclear energy, hydrocarbons & chemical processing sectors during the upcoming ‘Oil & Gas World Expo 2018 ’ in Mumbai between February 21-23 , 2018.
Oil and gas producer Noble Energy Inc’s quarterly profit breezed past analysts’ estimates as U.S. sales volumes surged and the company kept a tight leash on expenses.
Growing numbers of electric vehicles and changes in regulations on plastics will cause oil demand to peak by the late 2030s, BP has predicted.
The government on Tuesday approved six projects at a cost of Rs 11,661 crore for new lines as well as doubling and electrification of tracks, which would generate more than 200 lakh person days of employment in Uttar Pradesh and three other states, the railways said.