India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.
The return on equity at Larsen & Toubro (L&T) should climb in the next three years as India’s biggest infrastructure company exits non-core businesses, and enhances the financial performance at a northern power plant for which it has just secured a commercially favourable ruling.
A South Korean government-organised committee is recommending Seoul resume the stalled construction of two new nuclear reactors after an opinion survey it set up found nearly 60 percent of respondents said they were in favour of the move.
Denmark’s Vestas will help to build the world’s first utility-scale project that uses battery technology to store power from both wind and solar sources, it said on Thursday.
Electricity generator Mahagenco said the coal stock situation is improving in Maharashtra as the companies supplying the fuel to it have overcome the monsoon calamities.
The Cabinet Committee on Economic Affairs (CCEA) will soon take a call on methodology for allocation of coal blocks for commercial mining, a top official has said.
Some state-owned power producers, who had stopped imports, are now looking at importing coal at a time when the Centre’s focus is on reducing imports and eventually bringing it down to zero.
Signs of peak oil demand are already surfacing as the world’s thirst for road fuels like gasoline flatlines from 2030, but demand for plastics booms, consultancy Wood Mackenzie said in a report on Monday.
It is welcome that the Centre has decided to revamp market design for natural gas, to better match supply with demand and bring about price efficiency as well.
Coal India Ltd (CIL) on Friday said its production grew by 13 per cent in October so far and the growth in coal dispatch to power sector was around 22 per cent till Thursday.