In a bid to woo back industries, the Bangalore Electricity Supply Company (Bescom) is proposing a subsidy or incentives for industrial consumers during the monsoo
The Central Board of Direct Taxes (CBDT) has clarified that ‘farm in’ expenditure incurred by oil exploration and production (E&P) companies would be treated as an ‘intangible asset’ and would be eligible for claim of depreciation.
L&T Finance Holdings was the biggest lender to renewable energy projects in 2018. The company lent ₹7,650 crore to renewable energy projects, according to a recent report of New Delhi-based research and analysis body, Centre for Financial Accountability (CFA).
Mysore railway division under South Western Railway has provided free Wi-Fi connectivity at all 85 non suburban railway stations except halt stations under its territorial jurisdiction
Sembcorp Energy India Limited is awaiting clarity from the Centre for recovering costs to be incurred while upgrading coal-based power projects to lower emissions. The Singapore-based Sembcorp Group operates 2640 MW thermal, 1377 MW wind and 35 MW solar energy projects in India.
To commemorate the 73rd Independence Day celebrations, a Heritage Special Service hauled by EIR-21 was operated from Chennai Egmore to Kodambakkam today. EIR-21 is the world’s oldest steam locomotive.
The US has appealed against a WTO panel ruling favouring India. In its complaint, India had alleged that local content requirements and subsidies for the renewable energy sector in several American states were discriminatory and against multinational rules.
Power distribution utilities across the country owe over ₹3,000 crore to renewable energy companies, according to data compiled by the Central Electricity Authority.
Last month, after an absence of nine months, India entered the global green bond market. Two Indian companies — Greenko and Adani Green — stormed into the international market for green bonds to raise $950 million and $500 million, respectively.
The government is keen on coming out with a sovereign bond issue for the first time, to raise somewhere in the neighbourhood of $10 billion. Some experts are urging the government to make it a sovereign green bond issue.