Daily Archives: January 2, 2018

Glencore sells Australian coal mine to Gupta’s GFG Alliance

Glencore has agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta’s GFG Alliance for an undisclosed sum, the two companies said separately on Tuesday. The acquisition follows Gupta’s purchase last year of the financially troubled Wyhalla steel works in southern Australia, part of

Oil prices open at $67 per barrel; highest since 2014

Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. US West Texas Intermediate (WTI) crude futures were at $60.61 a barrel at 0423 GMT, up 19 cents, or 0.3 per

L&T wins Rs 1,454-crore contracts including in Egypt

Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,454 crore including one in Egypt. The Smart World & Communications Business Unit secured an order worth Rs 864 crore for implementation of 5 million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in

Clean energy crosses 62 GW mark; solar over 16W, wind 32.7GW

The country’s renewable energy capacity stood at 62.05 GW by November 2017, which includes 32.75 GW of wind energy and 16.61GW of solar power, Parliament was informed today. “A total of 62.05 GW of renewable energy capacity has been installed as on November 30, 2017 which includes 32.75 GW from wind, 16.61 GW from solar,

TPREL commissions 50 MW DCR solar plant in Karnataka

Renewable energy company Tata Power Renewable Energy Ltd (TPREL), today announced the commissioning of its 50 MW DCR solar plant at Pavagada Solar Park in the state. The project was won by the company on April 4, 2016 under the National Solar Mission Phase-II Batch-II Tranche-I State Specific Bundling Scheme, the company said in a

INDIA TO HAVE 10K SEAPLANES; E-HIGHWAYS ON ANVIL: GADKARI

Clear water bodies dotted with 10,000 seaplanes, ‘floating cities’ in the form of ocean cruises and electric vehicles zipping on dedicated highway lanes — that’s the future as envisioned by Transport Minister Nitin Gadkari. For the ‘go-getter’ Minister at the helm of affairs to overhaul the country’s infrastructure, India has the potential to realise all

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