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ONGC plans to set up trading unit for crude, petroleum products

New Delhi, Aug. 26 -- State-run Oil and Natural Gas Corp. (ONGC) is looking to set up a trading unit for oil & gas, petroleum products and petrochemicals produced by its group companies, according to ... Read More


INOX Green eyes 17 GW operations & maintenance assets, explores acquisitions

New Delhi, Aug. 26 -- INOX Green Energy Services Ltd, the renewable energy operations and maintenance subsidiary of the INOXGFL Group, aims to scale its portfolio to 17 GW by the next financial year, ... Read More


Mozambique LNG project back on track as security improves, BPCL gets marketing rights

New Delhi, Aug. 25 -- Bharat Petroleum Corp. Ltd (BPCL) has secured rights to market liquefied natural gas (LNG) from Mozambique's long-stalled project, where it holds a 10% stake, with full developme... Read More


Neo Infra Income Opportunities Fund buys SolarArise in Rs.1,400 cr deal

New Delhi, Aug. 25 -- Neo Group's flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has bought SolarArise India Projects Pvt. Ltd from the London Stock Exchange-listed ThomasL... Read More


India can pull the global economy out of slow growth scenario, says Prime Minister Modi

New Delhi, Aug. 24 -- Outlining economic reforms by the Indian government, Prime Minister Narendra Modi said India has the capability to pull the world out of its slow economic growth. Modi also the ... Read More


Monsoon rains cool India's electricity prices as supply outpaces demand

New Delhi, Aug. 24 -- Power prices on exchanges have softened in August, with the day-ahead market (DAM) and the real-time market (RTM) rates edging lower than a year ago as heavy monsoon rains lifted... Read More


Macquarie Asset Management raises $405 mn for fleet electrification firm Vertelo

New Delhi, Aug. 22 -- Macquarie Asset Management has raised $405 million for Vertelo, a fleet electrification solutions platform in India, from a group of investors including Green Climate Fund (GCF),... Read More


Jakson Solar eyes module capacity expansion with Rs.8,000 crore capex; to consider fundraising options by FY28

New Delhi, Aug. 22 -- Jakson Solar, a maker of solar modules, plans to spend about Rs.8,000 crore to expand its module and cell manufacturing capacity and add wafer and ingot-producing facilities in t... Read More


Govt offers 14 coal blocks for commercial mining under 13th round of auction

New Delhi, Aug. 21 -- The coal ministry has offered 14 blocks for commercial mining in the latest round of auctions. The mines offered in the 13th round are mostly located in Andhra Pradesh, Chhattisg... Read More


Russian oil sales to India to continue under 'special mechanism' despite US threats, say embassy officials

New Delhi, Aug. 20 -- Russia's oil supplies to India will continue at the pre-US tariff hike levels under a "very special mechanism" for crude trade despite the Trump administration's pressure and thr... Read More