Two weeks after Tata Power made the offer to sell 51% stake in its loss making Mundra Ultra Mega Power Project to Gujarat Urja Vikas Nigam for Rs 1, the state discom is uncertain of its position to conclude the deal.
Power minister Piyush Goyal on Monday said the country is set to lose Rs 25 lakh crore over the next 25 years as imported coal mandated for power plants could have been easily substituted with domestic coal.
To salvage its debt-laden Mundra power project, pushed to a corner after the Supreme Court in April ruled out compensatory tariff of 40 paise per unit, Tata Power has offered a 51% stake in the project for a nominal Rs1 to Gu
GP Petroleums, part of $3 billion UAE-based conglomerate Gulf Petrochem, is looking at inorganic growth opportunities in the short term as the company plans to increase its automotive lubricant volumes to 30% from the current
To promote electric vehicles, the government plans to start test trials and set up accompanying infrastructure across the states of Maharashtra, Madhya Pradesh, Delhi and Himachal Pradesh, by December, industry officials fami
Rural Electrification Corporation (REC) has received Rs 42,700 crore as repayment from state distribution companies under Ujjawal Discom Assurance Yojana (UDAY) after discoms raised Rs 2.3 lakh crore through bonds.
In what could be billed as a first major foray by any Indian power company in Brazil, Sterlite Power has secured two power transmission projects auctioned by Agência Nacional de Energia Elétrica, Brazil’s national power r
The government's decision to extend the tax benefits for 25 mega power projects by five years is unlikely to help them take off before 2022 unless major concerns of getting fuel linkages and power purchase agreements remain u
The increase in exports of Chinese petroleum products by 53% in January-March is likely to topple the profitability cart of Indian private refiners if the trend continues over the next couple of quarters.
A majority of 28,000 MW gas-based power plants are likely to turn idle, especially on the eastern cost of the country, after the Union government decided to terminate the subsidies provided under the gas price pooling mechani
Despite a strong performance by Essar Oil’s retail division in 2016-17, the company’s average throughput from retail outlets stood at just 50% compared to that of public sector OMCs such as Indian Oil, BPCL and HPCL.
In a dramatic change, India added 15.3 giga watt (GW) in the burgeoning renewable energy segment in FY17, while the country’s conventional power capacity rose just 6.2 GW in the first 11 months of the year.