In a step towards a cleaner environment, the number of coal-based fired power plants under development have seen a steep decline, especially in India and China, a report said on Thursday. The report, however, warns that despite a global coal phase-out trend in new coal plants, emissions from operational plants will still keep the 2015 […]
Day: March 22, 2018
Air India stake sale: IndiGo, Qatar Airways deny Air India joint bid reports
Air India stake sale: Even as the final bidder for debt-heavy state run carrier Air India still remains a puzzle, IndiGo airlines has denied reports of ongoing discussions with Qatar Airways for a joint bid. The country’s largest airline by market share, IndiGo Airlines said in a statement on Wednesday, “While IndiGo normally doesn’t respond […]
Last date of bidding for 55 oil and gas blocks extended
The government today pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2. Bidding in the auction of 55 exploration blocks on offer for prospecting of oil and as under the open acreage licensing policy (OALP) was to originally close on April 3. […]
Top India refiner said to mull investing $3.5 billion to expand
India’s biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning April 1, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network, according to people with knowledge of the matter. The company plans to use […]