Economic Times
REC Ltd has successfully raised $500 million through a five-year bond, priced at 4.78%, attracting global investors. This could pave the way for more
Union Minister Manohar Lal emphasized the need for new thermal power capacities due to insufficient green power supply. He stated that any reduction i
Tata Power Delhi Distribution Ltd has been granted a 20-year patent for its self-regenerating transformer breather. This device protects transformers
India's largest oil and gas bid round saw four bidders, including ONGC, OIL, Vedanta Ltd, and Reliance-bp plc. Most blocks received two bids each. Rel
State-run ONGC has joined forces with Reliance Industries and UK’s BP to bid for an oilfield exploration licence in the Saurashtra basin. This conso
India's oil imports from Russia dropped by 18.3% in August to about 1.7 million barrels per day due to reduced crude processing by some refiners. Desp
Reliance Infrastructure Ltd, led by Anil Ambani, is set to receive Rs 1,100 crore from promoters and Rs 1,910 crore from two Mumbai-based investment f
India is exploring the possibility of increasing oil imports from Brazil, as revealed in a meeting between India's oil minister and the head of Petrob
India's oil exports have been impacted by falling crude oil prices, leading to a contraction in overall exports in August. CRISIL reports that contain
Indian refiners are using Russian insurance for oil cargoes priced above $60 per barrel, bypassing the G7 price cap. Russian firms insured 60% of thes
India plans to launch a new oil and gas exploration licensing round early next year, a source from the oil ministry said.
The government has approved a joint venture between NPCIL and NTPC to construct four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The n
Torrent Power Limited has received a Letter of Intent from Maharashtra State Electricity Distribution Co. Limited for a 1,500 MW/12,000 MWh pumped hyd
Reliance Power has also settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in favour of C
India plans to expand its nuclear power capacity over the next two decades to meet energy security and climate goals. The country is building new reac
Kenya has granted a $1.3 billion public-private partnership concession to India's Adani Group and Africa50, a unit of the African Development Bank, to
Nayara Energy, India's largest private fuel retailer, reported a 14.3% increase in fuel sales for Q2 2024 while exports declined due to rising local d
ONGC has appointed Arunangshu Sarkar as Director for strategy and corporate affairs in a board revamp aimed at revitalizing the company. Sarkar, previ
Oil India Limited is set to begin drilling in Andaman and Nicobar offshore waters, aiming for stability in oil prices to aid exploration. The company
The government has appointed Arunangshu Sarkar as the first director (strategy and corporate affairs) on the ONGC board. This move is part of a broade
