Tough times beckon for power plants set up in coastal areas and running on imported fuel, with the price of Indonesian coal shooting up on increased Chinese imports.
Even though Rs 40000 crore is being spent on the three Metro rails — Colaba-Bandra-Sepz (Metro 3), Andheri (E)-Dahisar (E) (Metro 7) and Dahisar-DN Nagar (Metro 2A)
Coal will continue to have a prime place in India’s total energy mix for the next many years but an analysis of official data shows that the country’s coal boom may have been over a couple of years ago, much earlier than expected.
The only surviving old coal-fired loco, which was brought to Coonoor loco shed for maintenance last February, is simply stationed there even after it has been readied for operation.
The Rail Coach Factory (RCF) here, one of the country’s largest coach manufacturing units, is facing a crisis due to a shortage of supply of components from suppliers.
Power equipment major Siemens Ltd has delivered yet another quarter of impressive revenue and profit growth, thanks to strong performance of all its key businesses.
BiSN, a provider of metal-to-metal downhole sealing solutions, has signed an investment agreement worth £5m with corporate venture capital groups BP Ventures, Schlumberger Ventures, and GE Ventures.
Natural gas production during June 2017 was 6.05 per cent higher than production during June 2016. According to an official statement from the Ministry of Petroleum and Natural Gas, India’s gas production during June 2017 stood at 2,755.48 MMSCM.
A Canara Bank-led consortium of lenders is scouting for a buyer for a 270 MW power plant in Maharashtra which came under corporate debt restructuring (CDR) plan.
Indian Oil Corp (IOC) will spend Rs 350 crore to set up a bioethanol facility at Panipat Refinery in alliance with LanzaTech of the US to convert waste gas from its Panipat refining unit to ethanol. Indian OilBSE 0.18 % has signed a preliminary pact with LanzaTech to build the world’s first bioethanol facility, IOC […]