As many as 89 projects of Coal India are running behind schedule due to reasons such as delay in green clearances and law and order problems, the world’s largest coal miner said in a report. Of the 89 delayed projects, 62 are mining projects and 27 are non-mining projects, Coal India (CIL) said in the […]
Day: September 6, 2017
Indian dairies building captive power plants to meet new demand
Indian dairies are increasingly setting up captive power plants to meet the growing power requirements propelled by improved focus on value-added products, where the power consumption levels went up multi-fold from the time of mere liquid milk production through chilling units. Attractively lower production costs of renewable energy thanks to falling prices of solar panels, […]
MoEF panel okays GMR’s Delhi airport Rs 16,000 cr expansion
An expert committee of the environment ministry has given green clearance to Rs 16,000 crore expansion of New Delhi’s Indira Gandhi International Airport (IGIA), to be carried out by its operator GMR Group. The Expert Appraisal Committee (EAC), under the Ministry of Environment, Forest and Climate Change (MoEF), gave the environmental nod for the expansion […]
NTPC offers 27.4 mn equity shares to employees at Rs 159.60 per scrip
State-run power giant NTPC on Wednesday said it has offered 27.4 million equity shares to its employees at a discounted price of Rs 159.60 per scrip. The discounted price was fixed after factoring in 5 per cent discount to the cut off price of Rs 168, discovered through the Offer For Sale of equity shares […]
France to ban oil and gas production by 2040
France’s government is unveiling a law to ban all production and exploration of oil and natural gas by 2040 on its mainland and overseas territories. The bill is to be formally presented in a Cabinet meeting later Wednesday. Current drilling permits will not be renewed, according to the draft bill obtained by The Associated Press. […]
Odisha, IOCL to inform HC about settlement of dispute
The Odisha government and the Indian Oil Corporation Limited (IOCL) will soon file a joint petition in the Orissa High Court to inform it about the settlement of the dispute between the two over the Paradip refinery. This was decided at the cabinet meeting chaired by Chief Minister Naveen Patnaik yesterday where the agreement to […]
Essar Oil to invest $250 mn to expand refining capacity in UK
Essar Oil (UK) Ltd, which owns and operates UK’s Stanlow Refinery, today said it will invest USD 250 million in expanding the refining capacity and is targeting 400 petrol pumps in Britain in 5-years. The investment in revamping of certain units of the refinery would help cut down on crude oil processing cost, improve product […]
Rising module prices to hit recent solar projects: ICRA
The upward trend in imported photovoltaic module prices is likely to affect viability of recently awarded solar projects, rating agency ICRA said today. The imported photovoltaic (PV) module price has been rising over the last 3-4 months, up by about 15 per cent, to 35-37 cents per watt in August, from about 30-32 cents in […]