India is finally catching up to rooftop solar (RTS) as a reliable source of power for industries, offices, and homes across the country. At the end of the last financial year (FY19) the total installed capacity of RTS in the country was around 4,375 MW, an impressive 72% jump over the previous year.
Oil prices fell on Tuesday on persistent concerns over future demand, but losses were capped by optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown.
State-owned gas utility GAIL India Ltd will invest over Rs 45,000 crore over the next five years to expand the National Gas Grid and city gas distribution network, its chairman Ashutosh Karnatak said on Tuesday.
Foreign insurers are reducing their exposure to coal assets, which may have an impact on the 27 blocks being offered to companies. Coal India is not affected as it outsources its risk to equipment suppliers.
Indian Oil Corporation (IOC), the nation’s largest refiner and fossil fuel retailer, plans to invest Rs 25,000 crore in green energy projects, including solar and wind power plants, bio-fuels plants, and solar panels at filling stations.
Indian Oil Corporation Limited (IOCL) will invest Rs 1,00,300 crore in expanding its Paradip refinery capacity from 15 million tonnes per annum (mtpa) to 25 mtpa and setting up a naphtha cracker unit.
India has emerged the least costly electricity producer from coal, solar and wind sources in the Asia Pacific region. It is the only country in the region where cost of producing solar power is almost 14% less than cost of electricity generated from coal.
Andhra Pradesh has shown the first sign of changing its controversial stand that contracts with renewable energy companies should be renegotiated to bring down tariffs, as a top-ranking official told ET that the state was only targeting projects where corruption was evident.
The vast, untapped coal reserve in northeastern Australia had for years been the object of desire for Indian industrial giant Adani. In June, when Australian authorities granted the company approval to extract coal from the reserve
Assam-based Numaligarh Refinery (NRL) has said the company recorded highest-ever revenue at Rs 18,511 crore in 2018-19, registering a growth of 16.25 per cent. The 26th annual general meeting was held in Guwahati on Friday. The company also declared a dividend of Rs 17 per share for the fiscal year.