Wind power generation capacity has increased by 3,000MW over the last year. Combined with hydro power, the share of these two renewable energy sources in the country’s electricity mix has increased significantly.
After a gap of more than three years, the Centre will roll out initial public offers (IPOs) in PSUs once again with a 10% stake sale in Cochin Shipyard in October-November, a senior government official told FE.
Taking forward its decision to open up the coal sector for commercial mining, the government may allot more than 10 coal blocks to PSUs in the current fiscal for production and sale of the fossil fuel.
State-owned general insurers led by New India Assurance have outpaced their peers in private sector in premium collection, though marginally, by recording 12 per cent growth in the first nine months of the current fiscal.
With commodities and energy companies under stress and global investors showing little interest in them, the government is now looking to line up firms from the financial and infrastructure segments where there is greater inv