Adani plans Rs.20k crore clean energy park in Mundra
Adani Group plans to set up an Integrated Renewable Energy Park at Mundra in Kutch district, close to its port and SEZ. The park, if it comes into existence, would be the first of its kind and will need an investment of Rs 20,000 crore.
Coal block auctions: AV Birla, Vedanta, Adani in shortlist
Reliance Geothermal, Essar Power, Adani Power, and Anil Sesa Sterlite are among the companies that have been shortlisted to participate in financial bidding for 23 coal blocks being put up for sale in the first phase of auctions.
Will the black magic work again
Sample this. Coal India, the much-reviled public sector coal behemoth, produced 462 mt of coal last year, with all the much-publicised legacy problems that it faces. The top seven global (private sector) mining giants together produced around 700 mt of coal last year (see Coal output by global players). And all of India´s private players produced a mere 50 mt of coal in 2014.
The Rs 4.5 lakh crore power rush
Over the past one year, the Indian power sector has witnessed four major deals worth Rs 20,000 crore taking shape. Call it consolidation, but financial experts suggest that bankers are pulling the trigger on the companies which are under heavy debt