ArcelorMittal said Tuesday its offer for the debt-laden Essar Steel is the most compelling one and asserted that there is no connection between ArcelorMittal’s eligibility and the businesses of LN Mittal’s brothers.
Infrastructure major Larsen & Toubro (L&T) Tuesday said its construction arm has won contracts worth Rs 2,048 crore across two business segments.
The modernisation and renovation of Unit 2 of Kakrapar Atomic Power Station (KAPS) was completed a whopping three-and-a-half months ahead of schedule. The unit attained criticality, which is the initiation of controlled self-sustaining
A rare window is open for power sector reform in Uttar Pradesh. The Bharatiya Janata Party (BJP), in office in both Lucknow and New Delhi, has a sweeping mandate to transform Uttar Pradesh’s troubled electricity situation.
The country’s largest lender State Bank of India will sell eight non-performing assets to recover dues worth over Rs 3,900 crore and has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs).
State-owned Power Finance Corp (PFC) has filed an insolvency plea against Rattan India Power, formerly known as Indiabulls Power, in the National Company Law Tribunal (NCLT) to recover unpaid loans.
Spot power prices Monday touched over eight-year high of Rs 14.08 per unit in the day ahead market (DAM) on Indian Energy Exchange, mainly driven by higher demand.
GVK Power and Infrastructure is facing lenders’ heat. A consortium of creditors has taken the infrastructure company to the bankruptcy court for debt resolution involving its Goindwal Sahib asset, say sources.
The National Company Law Appellate Tribunal (NCLAT) today amended its order on the Essar Steel, passed by it on september 7, to add the name of senior counsel Darius Khambata, which was left out.
India is acting as a huge energy market for all SAARC nations: Dinesh Kumar Shimiri, joint secretary, Ministry of Energy, Nepal
ETEnergyWorld catches up with Dinesh Kumar Shimiri as he talks about increasing energy exchange between India and Nepal along with rising collaboration among SAARC nations