India’s mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.
Axis Bank, Barclays Bank, ICICI, MUFG, and Standard Chartered Bank were the bookrunners for the offering.
India’s largest power generating company, NTPC Ltd on Wednesday raised Rs 2000 crore through rupee denominated bonds or masala bonds. This forms part of NTPC’s $4 billion medium term note programme for funding its capital expenditure needs.
Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan met the Chief Minister, Jammu and Kashmir, Ms. Mehbooba Mufti in Srinagar
The Business Transfer Agreement (BTA) will pave the way for transforming Kota to a smart city by providing clean energy to boost up industrialization and setting up CNG corridor between Kota & Jaipur and Kota – Baran – Jhalawar besides providing green energy to the industrial clusters at Baran – Jhalawar adjoining areas of Kota.
In a significant step towards making Rajasthan a key base for setting retail gas infrastructure and opening CNG corridors connecting key cities, a Business Transfer Agreement (BTA) has been signed between RSGL and GAIL Gas Ltd on Tuesday.
Hindustan Petroleum Corporation Limited (HPCL), one of the biggest Navratna Public Sector oil Companies in India will be setting up a 9 MMTPA (Million Metric Tonnes Per Annum) capacity grass root Refinery cum Petrochemical Complex at Barmer, in Rajasthan in Joint venture with Government of Rajasthan (GOR). This estimated cost of the project is Rs.43,129 crore.
In a review of NHAI projects on Tuesday, Gadkari said that while a record 16,271 km of National Highways have been awarded and 8231 km constructed during the year 2016-17, work needs to be done at a much faster pace to award more projects and construct those that have been awarded.
The Minister of Road Transport & Highways and Shipping, Shri Nitin Gadkari has emphasized on fast tracking the award and construction of National Highways projects
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned two units of 270 MW at RattanIndia Nasik Power Limited’s 5×270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra.
The U.S.is expected to become a net exporter of natural gas in a period between 2017 and 2018. The growth of domestic natural gas production in the U.S. is pushing it for speedy development of its liquefied natural gas (LNG) export terminal
Come May 1, five cities across India — one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.
Mr. B Ashok, Chairman, IndianOil, has been conferred the SCOPE Special Commendation Award for Excellence and Outstanding Contribution to Public Sector Management – Individual Leadership Category 1 (Maharatna & Navratna PSEs) 2014-15.