The government on Wednesday gave its nod to a proposal for setting up 12,000 MW grid-connected solar photovoltaic (PV) power projects with an estimated viability gap funding of Rs 8,580 crore.
Day: February 7, 2019
Adani Power Q3 net loss narrows to Rs 1,180.78 cr on healthy income growth
Adani Power’s consolidated net loss narrowed to Rs 1,180.78 crore for the quarter ended on December 31, 2018, from Rs 1,313.74 crore in the year-ago quarter, helped by a healthy growth in income, according to a company statement.
Coal India’s supply to power sector rises 7.3% to 407 MT till February 4
The government on Wednesday said coal supply by state-owned CIL to the power sector increased 7.3 per cent to 407 million tonne (MT) in the current fiscal till February 4.
Essar Oil to acquire pipeline, oil terminal from BP for up to $100 million
Essar Oil UK said in an announcement on Wednesday that it has signed an agreement to acquire a few assets owned by energy major BP. The deal includes a stake in the UKOP pipeline, a contractual joint venture and ownership of an oil terminal.
Indraprastha Gas Ltd Q3 net profit up 19% to Rs 197.94 cr on higher sales
Indraprastha Gas Ltd, the retailer of CNG and piped natural gas in the national capital, on Wednesday reported a 19 per cent rise in its third-quarter net profit on higher sales.
GAIL ejects IL&FS from Rs 270-cr pipe laying project due to ‘poor’ progress
State-owned gas utility GAIL India on Wednesday said it has terminated a Rs 270-crore pipe laying contract it had awarded to financially-troubled IL&FS and replaced it with another contractor.
Oil slips below $62 after report shows rise in US crude inventory
Oil edged below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 due to OPEC-led supply cuts and U.S. sanctions on Venezuela.
Debt-ridden Jet Airways sells loyalty miles to raise Rs 250 crore
Jet Airways has secured Rs 250 crore from advance sale of redemption miles to its associate firm. The airline is also in discussion with lenders for short-term loans. The board of Jet Privilege Private Limited (JPPL), the company managing the loyalty programme, approved the transaction on Tuesday.