2nd auction on subsidy to gas-based power projects on Sep 15

Last Updated: Sunday, September 6, 2015, 12:32

Under the plan, liquefied natural gas (LNG) will be imported and cash-strapped state power distribution companies will be financially supported to buy electricity from them.

SK Hynix says to spend $26 billion on two new chip plants in South Korea

Last Updated: Tuesday, August 25, 2015, 08:59

SK Hynix Inc, the world`s No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness.

Steel Ministry approves 83 R&D projects worth over Rs 696 cr

Last Updated: Sunday, July 26, 2015, 12:16

Besides, thrust is also being given to develop more value added products for which the country is mostly dependent on imports, the official added.

India invites Canadian firms to invest in energy infra

Last Updated: Wednesday, July 8, 2015, 17:22

India has invited Canadian firms to invest in energy infrastructure and offered to jointly underwrite large projects like LNG terminals as well as refinery and petrochemical plants.

UK Unions' decision recognises shortfall in pension fund: Tata Steel

Last Updated: Saturday, June 20, 2015, 14:53

The UK trade unions' decision to suspended strike at Tata Steel plants in the country recognises the substantial shortfall in the pension fund and the need to jointly address it, the steel maker said.

Green panel defers clearance to NTPC's plant in MP

Last Updated: Friday, June 19, 2015, 20:50

After detailed deliberations, the Expert Appraisal Committee (EAC) opined that the mandatory firm coal linkage is not available for the project as the environment clearance and forest clearance for the coal block are not available.

BHEL starts NTPC's 800-MW Koldam hydro power plant

Last Updated: Monday, June 15, 2015, 13:25

"Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned all the four units of NTPC's 4x200 MW Koldam Hydro Electric Project (HEP) in Himachal Pradesh," BHEL said in a statement.

Cabinet approves production from 3 naphtha-based urea plants

Last Updated: Wednesday, June 10, 2015, 14:08

On the basis of NPS-III, the total cost of production of urea or concession price is calculated while the selling price is fixed at Rs 5,360 per tonne.

Reliance Power, Adani to invest $5 billion in Bangladesh power plants

Last Updated: Friday, June 5, 2015, 23:26

Anil Ambani Group firm Reliance Power and Adani Group are set to sign agreements to invest nearly USD 5 billion to set up two power plants in Bangladesh during Prime Minister Narendra Modi's visit here Saturday.

Goverment talks of contingency plan to tackle power woes

Last Updated: Wednesday, June 3, 2015, 16:15

"Today, we have stocks which can run these power plants for almost 20-22 days continously...," the minister said, adding that the buffer stock has been built up. "Power plants are ready to produce more. They have sufficient capacity in the system. Sufficient contingency plans have been drawn up," the minister said.

UB Group to hike stake in MCFL; to buy shares from Zuari

Last Updated: Sunday, May 31, 2015, 13:11

Now, United Breweries (Holdings) Ltd (UBHL) has decided to exercise its option whereby both the company and Zuari Group would have equal stakes in MCFL.

India to become self-reliant in urea in 4 years: Ananth Kumar

Last Updated: Wednesday, May 27, 2015, 13:13

The country will become self-reliant in urea and fertiliser in the next four years and is aiming to become the steel hub of the world, Union Minister for Chemicals and Fertilisers, Ananth Kumar said.