Indian Oil Corp. Ltd (IOC) is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
Jorabat Shillong Expressway Ltd, a joint venture between IL&FS Transportation Networks Ltd (ITNL) and Ramky Infrastructure Ltd, plans to raise around Rs890 crore through bonds, in a bid to refinance existing debt at a lower cost, according to three people aware of the matter.
India’s sovereign rating upgrade by Moody’s is a shot in the arm for Indian companies looking to raise funds in offshore bond markets.
Taaleri Plc has evinced interest in acquiring a stake in Finland’s state-controlled power utility Fortum Oyj’s operational Indian solar power projects, said two people aware of the development.
The ministry for road transport and highways has objected to the Niti Aayog’s proposal to appoint itself as the implementing agency for India’s Electric Vehicle (EV) Mission 2030.
NHPC Ltd, Indian state power company, is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp .
Power prices at the Indian Energy Exchange (IEX) touched a high of Rs7.5 per unit last week, suggesting that power generation is still haunted by coal shortage at thermal plants, experts said.
The income tax department will not sell the attached shares of Cairn Energy to recover a Rs10,247 crore retrospective tax demand as it fears that replenishing them in case of an international arbitration going against it will be difficult, a senior official said.
India’s coal-based power sector may seek to avoid compliance with the strict emission norms that are due to take effect next month, according to a new analysis by the Centre for Science and Environment (CSE), a New Delhi-based think tank.
Canadian solar energy developer SkyPower is in separate talks with Hyderabad-based Greenko Group and Sumant Sinha-led ReNew Power Ventures to sell stake in its Indian projects, said two people aware of the development.