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City gas discoms lose industrial buyers to cheaper fuels
Fri, Jul 24 2015. 12 32 AM

City gas discoms lose industrial buyers to cheaper fuels

As customers flee to fuels that turned cheaper with the fall in oil prices, discoms such as IGL are stuck with expensive long-term contracts
Japan’s foreign aid arm plans to finance India solar power parks
Fri, Jul 24 2015. 12 20 AM

Japan’s foreign aid arm plans to finance India solar power parks

Other institutions such as Germany-based KfW Bankengruppe and World Bank also want to invest in solar parks
7 coal blocks auctioned recently have begun operations: Piyush Goyal
Thu, Jul 23 2015. 05 46 PM

7 coal blocks auctioned recently have begun operations: Piyush Goyal

Out of the 67 coal mines successfully auctioned/alloted, 7 coal mines have been granted permission and are operational
BHEL inks three strategic pacts in Kazakhstan
Thu, Jul 23 2015. 03 48 PM

BHEL inks three strategic pacts in Kazakhstan

The first pact was signed with JSC Samruk Energy, the national power utility of Kazakhstan
JSW Energy Q1 net profit falls 15% to Rs277 crore
Thu, Jul 23 2015. 02 35 AM

JSW Energy Q1 net profit falls 15% to Rs277 crore

Total sales, or income from operations, for the quarter stood at Rs2,107 crore, down 17.6% from a year earlier
JSW in talks with Monnet Ispat to work out majority stake package
Thu, Jul 23 2015. 01 54 AM

JSW in talks with Monnet Ispat to work out majority stake package

Severe cost overruns of Monnet Power’s projects and issues related to winning coal blocks via negative bids could be negatives for JSW
Cairn Energy may vote against Cairn India-Vedanta merger: media report
Thu, Jul 23 2015. 12 26 AM

Cairn Energy may vote against Cairn India-Vedanta merger: media report

Cairn Energy has objections related to the valuations of Cairn India used to reach the proposed swap ratio and unnecessary exposure to a diversified minerals and metals company
Maharashtra’s power utilities look to raise money by issuing bonds
Wed, Jul 22 2015. 11 52 PM

Maharashtra’s power utilities look to raise money by issuing bonds

If successful, this would be among the first instances of a state utility raising money through a bond issue
Essar Group, Rosneft explore part-crude, part-cash deal
Tue, Jul 21 2015. 01 03 AM

Essar Group, Rosneft explore part-crude, part-cash deal

Essar promoters may use the proceeds to pare debt, while the Russian firm will get a toehold in the Indian refining, retail market
Indian Oil to invest Rs1,000 crore to raise stake in Chennai Petroleum
Mon, Jul 20 2015. 08 55 PM

Indian Oil to invest Rs1,000 crore to raise stake in Chennai Petroleum

CPCL shareholders decided to increase the company’s authorised share capital from Rs400 crore to Rs1,400 crore
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