The Indian rupee hit a new all-time low of 79 against the dollar on Friday, amid unabated FPI outflows from…
Oil stocks fall between 7-15% on BSE on Friday
An ONGC official told FE: “Considering that 85% of the country’s crude requirement is imported, deregulation of crude sales was…
Refinitiv, a financial data provider, said India’s crude imports from Russia surged to an all-time high of 1.26 MT in…
The new norms also eased the process to apply for green power, under which approval will be granted via a…
New business orders in defence, shipbuilding & oil refining
Demand for oil to rise 80% by 2040 even with the EV shift, surging oil import bill to strain current…
The Union ministry of power may invoke Section 11 of the Electricity Act, 2003 to make it mandatory for state-run…
Spot power prices have dropped by half in the last one week on the India Energy Exchange from the highs…
Switzerland-based Holcim Group is the latest to join the bandwagon of multinational companies (MNCs) quitting India due to macro-economic and…
The Multi Commodity Exchange (MCX) has refuted all allegations of money laundering and tax evasion by traders registered in Sikkim,…
ArcelorMittal Group has invested $600 million for setting up 1,000 MW of the 3,000 MW solar project attached to the…
Also, sector-specific lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have initiated discussions with several units that are…
We plan to have 15-20 GW renewable energy capacity by FY27. In FY23, we will achieve 4.5 GW and thereon…
Shubhranshu Patnaik, partner at Deloitte India, said diesel gensets are only used as back-up power and it is unfair to…
The ministry of finance, in the Union Budget 2022-23, allocated an additional Rs 19,500 crore under the solar PLI Scheme…
In case the plants have PPA with multiple discoms, and if the discom does not schedule the power as per…
Companies will be forced to shut operation in the absence of market driven prices if the fuel prices continue to…
