Sterlite Power has secured Rs 2,400 crore funding from state-owned REC Power Development and Consultancy Ltd (RECPDCL) for its Beawar transmission project in Rajasthan. In a statement, Sterlite Power said "it has has successfully achieved financial closure for its Beawar...
State-owned gas utility GAIL (India) Ltd and the nation's largest city gas operator Indraprastha Gas Ltd have walked away with most of the coal seam gas that Reliance Industries Ltd auctioned, sources said. Reliance earlier this month conducted an e-auction...
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest -- delivered directly to your inbox.The US oil and gas industry is suing the Biden administration over its decision to severely restrict offshore drilling amid...
New Delhi: India's annual capital spending on developing oilfields will fall from next year, shrinking by about a fifth by 2030 in the absence of major discoveries, which will lead to a drop in domestic oil production and expand dependence...
Two of the world’s top nickel producing countries, Indonesia and China, are planning output cutbacks this year to cap losses from the slide in the electric vehicle battery metal’s prices. Nickel prices had surged in 2022, peaking at a...
States must acknowledge shift to less-polluting system will lead to higher energy costs READ SOURCE...
State-run Bharat Petroleum Corporation (BPCL) is planning to open a trading desk in Singapore or Dubai to expand its global reach, sourcing, and trade in crude oil as well as finished products, according to industry officials aware of the development.BPCL...
The power sector is gearing up and readying capacities to meet India's growing electricity demand propelled by the surge in economic growth, power and new and renewable energy minister RK Singh said at the ET Now Global Business Summit."Our peak...
Stay informed with free updatesSimply sign up to the ESG investing myFT Digest -- delivered directly to your inbox.Oxford university has come under heavy criticism after its £6bn endowment fund increased its investment in fossil fuels just a few years after making...
New Delhi: Indian Biogas Association has recommended an investment of Rs 30,000 crore for machinery and equipment required for biomass supply to compressed biogas plants to ensure 12 MMTA of LNG import reduction. "Utilising agricultural residues like paddy straw for...
