Daily Archives: August 7, 2018

Oil up as U.S. sanctions on Iran expected to tighten supply

Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply. Brent crude oil futures were up 50 cents to $74.25 per barrel at 0928 GMT and U.S. West Texas Intermediate (WTI) crude futures were up 29 cents at $69.30 a barrel. A first batch of U.S.

Nayara Energy raises Rs 24 bn via NCDs, aims to refinance existing debt

Rosneft-promoted Nayara Energy raised Rs 24 billion worth of funds through its first domestic bond issue, the company said in a press statement on Tuesday. “Nayara raised Rs 24 billion through its maiden placement of non-convertible debentures (NCDs) in the domestic market. Axis Bank was the sole arranger for this NCDs issue. The issue got

India to comfortably achieve 100 GW solar energy target by 2022: Govt

India is all set to comfortably achieve 100 GW of solar energy capacity by 2022 and has already installed solar capacity of 23.12 GW till July this year, Parliament was informed today. The data regarding generation of power from various renewable energy projects is consolidated by the Central Electricity Authority (CEA). “The Ministry of New

CIL to sell 4.65 mt coal a yr to cement cos via e-auctions

Coal India will supply 4.65 million tonnes of coal a year for the cement industry for five years through e-auctions starting Tuesday, a senior Coal India executive said. It had recently offered 7 million tonnes to sponge iron firms, and received bids that were 39% higher than the notified price for the non-power sector. The