Coal imports surged 40 percent to 19.18 million tonnes in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants.
After an average wage revision of 20 percent for around 2.98 lakh permanent employees of Coal India Ltd., trade unions are now readying to pitch for a similar wage agreement for contractual workers of the miner.
State-owned gas utility GAIL India plans a capital expenditure of Rs 6,000 crore by the end of the financial year 2018-19.
In the latest blow to the Adani Enterprises Ltd., at least three banks have ruled out funding the conglomerate’s long-delayed Carmichael coal mining project in Australia.
India’s push for cleaner fuels will not just trigger an electric car boom. It will also drive consumption of natural gas as the nation weans car owners away from polluting fuels like petrol and diesel, among the largest contributors to Asia’s third-largest economy’s import bill.
A strong balance sheet coupled with limited investment avenues can make the world’s largest coal producer, Coal India Ltd., a good candidate to acquire the government’s stake in GAIL (India) Ltd., according to brokerage Antique Stock Broking.
Siemens Gamesa Renewable Energy SA won an order to supply 200 megawatts of low-wind turbines to a project in India’s Tamil Nadu state.
Coal-fired power plants in India, the nation with the world’s deadliest air, are set to miss the deadline to curb toxic smoke.
Ministers from Egypt and Israel held a call last week to discuss the potential sale of Israeli gas to Egypt, according to a person with direct knowledge of the matter.
Rajdhani Express was the last “new” technology introduced by the Indian Railways, Railway Minister Piyush Goyal said today, taking a jibe at critics of the bullet train including Congress Vice President Rahul Gandhi.