Sources said IOC has asked the four suppliers to defer some of the volumes they were to deliver in April.
Considering the ingredients of a ‘force majeure’ event and the fact that COVID-19 has world-wide led to a situation which is far worse than SARS and Ebola, it should be conclusively categorised as a ‘force majeure event’
Recently, Azure Power commissioned a 100 MW capacity plant in Rajasthan, largest solar power project under the National Solar Mission making Azure the single largest owner and operator of projects under the NSM with a cumulative operational capacity of 142 MW.
US crude futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude is on track for its first weekly gain in two weeks.
The complaint against InterDigital, filed in federal court in Wilmington, Delaware, deepens a long-standing fight over patent licensing between the two companies.
"GMR Vemagiri Power Generation Limited (GVPGL) at Vemagiri successfully commenced its operation from August 12, 2015 under 'Scheme for Utilisation of Stranded Gas based power plants' as launched by Government of India (GoI) in the month of March, 2015," the firm said in a BSE filing.
Coal India chairman and managing director Zohra Chatterji told CNBC-TV18 that the FSA document was being vetted and would be signed as soon as possible