IL&FS completes wind power units sale to Orix for RS 4,800 crore

IL&FS completes wind power units sale to Orix for RS 4,800 crore

Bankrupt infra major IL&FS on Thursday completed the sale of its 51 percent stake in seven wind power special purpose vehicles to Orix Corporation of Japan for Rs 4,800 crore. With this, Orix, which previously owned 49 percent in each of these seven projects, now has 100 percent ownership, the company said in a statement.

HC quashes LRs issued in Adani coal import case

HC quashes LRs issued in Adani coal import case

The Bombay High Court on Thursday quashed all Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to Singapore and other countries in its probe of Adani group firms for alleged overvaluation of Indonesian coal imports.

NTPC plans to raise $100 million from international markets

NTPC plans to raise $100 million from international markets

State-run power producer NTPC on Thursday said it plans to raise USD 100 million (around Rs 711 crore) from international markets to finance its capital expenditure. The plan also includes a green shoe option of up to USD 300 million (about Rs 2,135 crore), NTPC said in a statement.

Slowdown Now Hits Oil Sector; Petrol, Diesel Consumption Falls: Report

Slowdown Now Hits Oil Sector; Petrol, Diesel Consumption Falls: Report

The oil sector seems to be latest addition to the list of sectors facing stress due to the ongoing economic slowdown. For the first time in many months, both oil demand and imports have witnessed a sharp fall indicating that poor health of the economy has now begun impacting a sector where the country relies a lot on imports.

1 2 3 117