European spot electricity prices for day-ahead delivery soared in the wholesale market on Wednesday buoyed by forecasts showing a rise in consumption due to falling temperatures, and a drop in electricity generation from wind turbines.
The first round of resolution plans submitted for Essar Steel Ltd saw ArcelorMittal India offer greater value than competitor Numetal Mauritius, bankers in the know told BloombergQuint on condition of anonymity.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has claimed all villages in the state will be electrified by October and Rs 2 lakh crore spent on development of tribals in five years.
The Enforcement Directorate (ED) on Tuesday attached property worth Rs 1,122 crore belonging to Vadodara-based DPIL firm in connection with a Rs 2,654.40 crore bank fraud case.
Solar project developer SunSource Energy today said it will set up a 2.5 MW solar rooftop at Jamia Millia Islamia University, which would help the institution save around Rs 1 crore in energy cost every year.
In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore. Essar today said it has completed the sale of Equinox Business Parks to Brookfield
U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.
Indian steel tycoon and visionary Mr Sajjan Jindal spoke to Pavan Lall of Business Standard on how he sees JSW Steel’s future and the possibility of his company not being the number one steelmaker and why he simply refuses to go in for acquisitions at any price in the ongoing bankruptcy proceedings.
The UK-based Liberty House owned by the Gupta family can still be in the race for Bhushan Power & Steel despite missing the deadline and its neglected bid document should be considered by the creditors, the National Company Law Tribunal (NCLT) has ruled on Monday.
Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model.