A tender for 760 MW of grid-connected solar project in the Indian state of Karnataka has attracted bids of as low as INR 2.94 (USD 0.046/EUR 0.037) per kWh, consultancy Mercom Capital reports. The capacity, auctioned by the Karnataka Renewable Energy Development Limited (KREDL), will be installed at 38 taluks in the state. The highest proposed tariff […]
CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, is looking at acquisitions to enter the transmission business amid low green energy tariffs that threaten profitability, said two people aware of the development.
Indian Railways is set to miss its target of 3,500 km of new tracks, gauge conversion and doubling/tripling for capacity augmentation due to a shortage in supply of rails, and available rails are being diverted for renewal of existing tracks.
US nuclear major Westinghouse, overcoming troubles over bankruptcy and buoyed by takeover by a Canadian consortium, will hold talks this week with the Indian government.
Union Minister Piyush Goyal on Monday said the Indian Railways have introduced new General Conditions or Contracts (GCC) for Services to define the terms and conditions for contractors engaged in service contracts for non-operational areas.
The risk of fuel subsidies may hurt the stocks of crude-oil producers ONGC and Oil India after a gap of about two years, capping near-term gains.
In a first, the Railways will be using drones in Mumbai to study the feasibility of projects. Sources from Western Railway (WR) said that they have begun using drones to check areas around Parel and Elphinstone Road stations that are likely to get redeveloped in the near future.
Even as Union finance minister Arun Jaitley, while presenting the Budget on February 1, proposed redevelopment of about 600 major stations across the country.
The government is taking steps to ease the entry of importers of solar panels and modules into the new solar import regime, where they have to pay a 7.5% levy on such equipment, along with various cesses, amounting to around 10%. Since India’s solar programme began, such imports were always allowed free.
The focus of the auto industry is inexorably drawn toward health and safety issues that confront the industry on a daily basis. It is also a fact that the auto sector drives standards of living via increased employment opportunities.