BUSINESS
Government invites initial bids for setting up power, renewable energy manufacturing zone
This project is a part of the joint programme by the Ministry of Power and Ministry of New and Renewable Energy.
BUSINESS
EXPLAINED | More power outages expected this summer in parts of India
Thermal coal still fuels around 75 percent of India’s power generation and domestic supply has been struggling to catch up with the growing demand.
BUSINESS
Power ministry allows coal tolling, recommends importing coal for blending to deal with higher power demand
The ministry said on April 13 that tolling facilities would be allowed up to 25 percent of linkage coal for certain power generation companies to avoid long-distance coal transport.
BUSINESS
47 coal blocks get mine opening permission, likely to increase to 60 blocks in FY23: Coal Ministry
As the domestic coal supply has not been able to catch up with the growing demand and international coal prices continue to soar, the government has been prioritising supplies to the power sector.
BUSINESS
Fuel price hike: Why is the daily increase 80 paise?
Beginning March 22, oil marketing companies have increased the prices on 13 of the last 15 days, almost every time by 80 paise. With the 80-paise increase on April 5, the total increase stands at Rs 9.20 per litre.
BUSINESS
IOC, L&T, ReNew JV to commission first green hydrogen plant in 18-24 months: ReNew Power
The three companies announced the setting up of a joint venture that will focus on developing green hydrogen projects on April 4.
BUSINESS
Indian Oil Corp, L&T, ReNew Power form joint venture for green hydrogen projects
IOCL and L&T have also signed a binding term sheet to form another joint venture with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen.
BUSINESS
Indian Energy Exchange wins CNBC-TV18’s IBLA Most Promising Company of the Year Award
The exchange, which is one of two in India, was set up to provide power generators and consumers with a platform to trade in electricity in a transparent and efficient manner.
BUSINESS
Coal India misses FY22 output target even as soaring temperature drives up demand from power generators
State-run Coal India accounts for over 80 percent of the domestic output of coal.
BUSINESS
Greenko raises $750 million via green offshore bonds
Proceeds from the issue will be primarily used to repay existing debt and fund the capital expenditures at the asset level of Greenko.
BUSINESS
PTC India Financial inducts to its board 4 independent directors from parent PTC India
PTC India Financial Services' three independent directors resigned on January 19 citing lapses in governance and compliance. Since then, Sebi has barred them to hold a board meeting without independent directors
BUSINESS
Insurers keen to launch surety bonds, but infrastructure companies may have to wait longer for booster dose
IRDAI has issued guidelines for surety bonds, which come into effect on April 1. Contractors will be allowed to use these bonds as a substitute for bank guarantees for government contracts
BUSINESS
ONGC taking steps to increase production, aided by government’s policy measures: MoS Teli
ONGC’s crude oil production has gradually declined to 20.273 million metric tonnes (MMT) in 2020-21 from 20.273 MMT in 2016-17.
BUSINESS
Fuel Prices on March 26: Petrol, diesel rates raised again
With this, the retail prices of petrol and diesel have been increased for the fourth time this week after a 137-day freeze.
BUSINESS
Petrol, diesel prices raised by around 80 paise in third hike this week: Sources
With this, the retail prices of petrol and diesel have been increased for the third time this week after a 137-day freeze.
BUSINESS
Petrol, diesel retail prices raised by 80 paise in 2nd straight hike after 137-day freeze
While industry expects while the OMCs will further hike the retail prices, the government will again step in with a tax cut
BUSINESS
Petrol, diesel retail prices raised by 80 paise in 2nd straight hike after 137-day freeze
While industry expects while the OMCs will further hike the retail prices, the government will again step in with a tax cut
BUSINESS
Adani Power ties up with IHI, Kowa of Japan for environmentally sustainable power generation
Adani Group hopes to become one of the largest green hydrogen producers in the world.
BUSINESS
Explained: Petrol, diesel retail prices increased. What next?
Given that crude oil prices have gone up by about $38 a barrel since November, retail fuel prices are bound to rise, although the increases may be gradual and the entire burden may not be passed on to consumers.
BUSINESS
Nayara Energy says industry facing significant drop in margins due to retail fuel price freeze
The supply of both petrol and diesel has been reduced at some stations as companies are facing losses on the sale of these products, according to petrol pump dealers.
BUSINESS
Explained: The curious case of bulk prices being higher than retail for diesel
A series of increases in bulk high-speed diesel prices at a time when retail prices have remained unchanged has resulted in the current situation.
BUSINESS
Bulk users throng retail outlets for diesel cheaper by Rs 25 a litre, says RIL
An impending rise in fuel prices has led customers, both bulk and retail, buy oil in advance, translating into a surge in sales this month, and putting the entire supply chain under pressure, RIL says
BUSINESS
Coal India outstanding dues reach Rs 15,293.17 crore, but no cash crunch yet: Minister
While the gross debt of Coal India and its subsidiaries continues to remain high, it has come down significantly from Rs 22,165.85 crore as of March 31, 2021.
BUSINESS
JICA aims to pump $3 billion into Indian projects, keen to increase participation in private sector, startups: India chief
JICA delivers the bulk of Japan’s official development assistance and assists emerging countries through loans, grants and technical cooperation
