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Promoters plan Sterling & Wilson solar stake sale
Shapoorji Pallonji-backed Sterling and Wilson Solar is said to be in sale talks with bulge-bracket private equity funds including Canadian funds such as Brookfield and CPPIB as well as Indian conglomerates such as Adani Group and Reliance Industries, hoping to reap the benefits of increased interest in re ..
Read moreShiv Sena?s proposed refinery site runs into trouble
Three years after the Shiv Sena opposed the Rs 3 lakh crore Nanar refinery project, the Maharashtra government is trying to get the project back on track, albeit at a different location. However, there are doubts whether the project will take off, this time also.
Read moreCairn nears solution to retro tax dispute
Cairn Energy Plc is considering settling a protracted tax dispute with the Indian government that will fetch the UK oil explorer tax refunds totalling $1.06 billion.
Read moreEssar Power commissions first flue gas scrubber to cut sulphur emissions by 25%
Essar Power has commissioned its first flue gas scrubber at the Essar Power Hazira (EPHL) facility that will bring down sulphur dioxide in flue gas by 25%, and go a long way in checking emissions, the company said on Tuesday.
Read moreIndia coal imports plunge with Adani, Tata slashing purchases
Coal imports by India?s power plants fell to the lowest level in almost six years in July as top buyers Adani Power Ltd. and Tata Power Co. Ltd. slashed purchases amid soaring prices.
Read moreGovt to regulate coal supply to states amid low stock in many power plants
The government has decided to take strict action of regulating coal supply from Coal India to states that do not raise captive coal production within a week or utilise their imported coal-based plants within a fortnight.
Read moreOVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
India's top energy companies including ONGC NSE 0.16 % Videsh Ltd is discussing buying a stake in Russia's massive Vostok oil project as well as a planned liquefied gas project Arctic LNG-2, Oil Minister Hardeep Singh Puri said.
Read moreFitch says BPCL privatisation may get delayed
Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India's second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL). Affirming BPCL's rating at 'BBB-' with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk.
Read moreBPCL sets up new platform for subsidized LPG scheme
Divestment-bound Bharat Petroleum Corp. Ltd (BPCL) has created a separate platform for its liquified petroleum gas (LPG) business that runs the Union government?s subsidized domestic cooking gas cylinder scheme, two people aware of the development said, in an attempt to enable its buyer to ?ring fence" and operate the marquee scheme.
Read moreNTPC to partner NIIF, ONGC to buy green energy projects
NTPC Ltd, India?s largest power generator, plans to partner with National Investment and Infrastructure Fund (NIIF), the country?s quasi-sovereign wealth fund, and Oil and Natural Gas Corporation (ONGC) to acquire and develop green energy assets, including offshore wind projects.
Read moreOVL, partners relinquish Israeli oil block
Three years after its much-acclaimed maiden entry into Israeli water that was symbolic of New Delhi?s growing closeness with Tel Aviv, an ONGC Videsh(OVL)-led Indian consortium has relinquished the offshore oil block due to ?very poor? hydrocarbon prospectivity.
Read moreCargo volumes at dozen major ports grew by 21.71 per cent during April-July
Cargo handled at India?s dozen state-owned major ports rose 21.71 per cent during the April-July period to 235.635 million tonnes (mt) from 193.606 mt a year ago.
Read moreNo takers for Videocon?s energy biz; September 30 new deadline for resolution
A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group?s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors (CoC), led by SBI, has decided to extend the deadline for Videocon Oil Ventures? (VOVL?s) resolution process till September 30, sources close to the development said.
Read moreNew policy on cards for foreign coal-fired plants to sell power
The government is exploring a policy that will allow imported coal-based power plants to sell power on the energy exchanges. A senior government official said the view is that these projects could help ease power supply shortages during high-demand periods in India?the summer months as well as September and October, when the agricultural load is high.
Read moreCanada?s Brookfield aims to sell Peak Infrastructure at a valuation of $1.2 billion
Six years after setting up a platform for its toll road assets, Brookfield Asset Management is looking to cash out. The Canadian asset manager aims to sell Peak Infrastructure, valuing the vehicle at Rs 8,700 crore ($1.2 billion) inclusive of debt, to cash in on the prevailing valuation uptick of similar assets, said people aware of the development.
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