TCCL funds the largest private solar rooftop in Mumbai
Tata Cleantech Capital Limited (TCCL) - a joint venture between Tata Capital Limited and International Finance Corporation (IFC), has funded the solar rooftop project at the National Centre for Performing Arts (NCPA), established and installed by Avesta Solar Private Limited (ASPL), in Mumbai.
Russia to be partner country for International Engineering Sourcing Show IESS 2017
6th International Engineering Sourcing Show IESS 2017 will be taking place from March 16-18, 2017 in Chennai (India) in the exhibition complex CTC Centre. This year Russian Federation received the honorary status of “IESS Partner Country” for the first time. A joint national exposition will presented by the Ministry of Industry and Trade of the Russian Federation.
Govt cuts IREDA’s borrowing target for 2017-18
Government has lowered the estimated borrowing target of IREDA by a massive 34 per cent to Rs 8,043.31 crore in Budget 2017. The revised budgetary borrowing for FY2016-17 stood at Rs 12,212.60 crore.
While India is making steady headway on the transmission front and the sector has witnessed commendable growth over the last few years with substantial capacity additions, the distribution or last mile connectivity is still a concern in India.
Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies. On offer is an additional 5 million tonnes which company officials think would be lapped up as its prices would be far lower than the international prices and it would offer a long-term assured contract which could be extended to 25 years.
New Silkroutes Group's oil and gas unit reports highest Q2 revenue
New Silkroutes Group Limited, an investment holding company with core capabilities in energy trading and healthcare management, said its wholly-owned International Energy Group Pte Ltd has achieved its biggest quarterly revenue and net profit since the oil and gas subsidiary started operations in June 2015.
Usha International bags National Energy Conservation Award 2016
Usha International, has been awarded the third time at the National Energy Conservation Awards 2016, for its contribution in BEE Star labelled fan category. Rohit Mathur, President- Fans, Usha International, received the award from Piyush Goyal, Minister of State (I/C) for Power, Coal and New & Renewable Energy.
OIL winds up OIL International Ltd
Oil India Ltd (OIL) announced it is shutting down operations of overseas subsidiary Oil India International Ltd. ´The Board of Directors of the company in its meeting have inter-alia accorded approval for voluntary winding up of its wholly owned subsidiary-Oil India International Limited in accordance with the provisions of the applicable laws,´ the company said in a BSE filing.
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