No shortage of coal in country; CIL output grew by 104MT in 4

The country faces no shortage of coal and its imports have declined to 208 million tonnes (MT) from 217 MT in 2014, Coal Minister Piyush Goyal said Friday. Replying to a query in the Question Hour, the Minister said coal production has witnessed an increase of 7.4 per cent in April-December (nine months) period of […]

Ecuador president demands probe into predecessor’s oil projects

Ecuador’s President Lenin Moreno on Thursday asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor. Moreno said there were massive cost overruns, operational failings and non-transparent bidding processes at the five projects built during Rafael Correa’s […]

Power Grid Corp rises after board OKs investment proposals

Power Grid Corporation of India rose 0.96% to Rs 195.15 at 11:01 IST on BSE after the company said its board approved investment proposals worth Rs 379.45 crore. The announcement was made after market hours yesterday, 3 January 2019. Meanwhile, the S&P BSE Sensex was down 3.88 points, or 0.01% to 35,509.83. On the BSE, […]