Rays Power signs pact with Tangedco to sell solar power at Rs 3.47 per unit

Rays Power Infra, a solar energy company started by professors and students of the Indian Institute of Technology (IIT) Roorkee, has signed a power-purchase agreement (PPA) with Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) to sell 100 Mw of solar power at Rs 3.47 per unit. This is part of the 15,000-Mw, Rs 11,369-crore


Will break ground on Carmichael rail link ‘within days’, assures Adani

Indian mining giant Adani said on Friday that it is ready to start work on a 388-km rail link of its proposed 16.5 billion dollars Carmichael coal mine project in Australia. Adani Australia CEO Jeyakumar Janakaraj said the project was advancing on many fronts with milestones being achieved every day, including in surveying, geotechnical works,

Oil & Gas

RIL-BP to invest $1.5 billion to develop six satellite gas fields in KG-D6

Reliance Industries and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine yesterday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields,

Civil Aviation

Centre’s green nod to Rs 1,400 cr airport at Rajkot

The Centre has given green clearance for a greenfield airport project at Hirasar, about 28 km from Rajkot in Gujarat, at a cost of over Rs 1,400 crore. The state government has proposed a new airport in Rajkot district as the existing one is small and the earlier plan to extend the current runway could


Want to hive off Yamuna Expressway project to generate money: Jaypee to SC

The embattled Jaypee group on Friday informed the Supreme Court that it wants to “hive off” the multi-crore Yamuna Expressway in order to generate money. Jaypee Associates told the apex court that it has an offer worth Rs 2,500 crore and sought permission to give the project to another party. A bench of Chief Justice