The Central government has asked its biggest state power producer and transmission company to form a joint venture that would take over electricity distribution in some areas from financially troubled state retailers, according to people familiar with the plan.
Coal India and Gail have formed a committee of senior executives to work jointly on coal bed methane projects of Coal India on its blocks. They are considering a joint venture in which Coal India would be producing the gas while Gail would be marketing it through its network.
TPDDL, a joint venture(JV) between Tata Power and the Government of NCT of Delhi, has inked an agreement with Norwegian company PIXII to explore use of distributed pole-mounted storage for a resilient and sustainable distribution grid.
The government is making efforts to manufacture lithium-ion batteries in India in the next one year, and talks are on between state-run BHEL and a US firm to form a joint venture in this regard, Union Minister Anant Geete said Frid
Germany’s Thyssenkrupp and India’s Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on December 7.
Tata Steel Ltd said on Wednesday it will continue its discussions with the European Commission after the body raised concerns over its planned steel joint venture with Thyssenkrupp.