Government has invited expression of interest (EoI) for selling its entire stake in Bharat Pumps, a loss-making firm under the Heavy Industry Ministry.
The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.
The government has revised downwards the proposed size of the Centre’s funding of hydro power projects by way of 4% interest subvention by 34% to Rs 11,049 crore for the 2018-2028 period.
India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp, according to a survey of analysts and industry participants.
Nearly 44 years after India nationalised its coal sector, the industry has been thrown open for participation by private players, in a move that would bring in competition for state-owned Coal India (CIL), which has till now enjoyed a monopoly over the business.
The government must be disruptive in its fiscal incentives and offer policy certainty to attract investment in the upstream sector to meits ambition of cutting oil import by a tenth, the chief executive of Vedanta Oil and Gas business has said.
India plans to raise its oil refining capacity by 77 per cent to 438.65 million tonnes by 2030 with Reliance Industries and Rosneft-controlled Essar Oil adding the biggest chunk, a government report said today.
The government is evaluating a possibility of creating shorter rail corridors for bullet train as they are more feasible financially.
To achieve the target of having 60 gigawatt (GW) of installed wind energy capacity by 2022, the government has invited tenders for 2,000 MW of wind power projects connected to the inter-state transmission system.
Meeting the government’s vision of 100 per cent electrification of public transport and 40 per cent of personal mobility by 2030 is a ‘huge challenge’ that will require a single-minded focus, Tata Motors CEO and MD Guenter Butschek said today.