Oil companies will have to take a collective hit of about Rs 25,000 crore a year after the roll-out of the goods and services tax since most of their output is outside the ambit of the new system, the finance chief of the state-run Oil and Natural Gas Corporation has said.
From July 1, India will roll out GST that includes most goods and services
Union Power Minister Piyush Goyal today said that distribution companies (discoms) in BJP-ruled states like Rajasthan and Uttar Pradesh are likely to become profitable by next year.
Participating in a new channel's roundtable event, he said that in Rajasthan when Vasundhara Raje government took charge the state discom had losses of Rs 15,000 crore.
With an objective to enhance the value chain of petroleum products, Bharat Petroleum Corporation Limited (BPCL) is replacing the old 30-inch crude pipeline with 20-inch insulated pipeline from South Tanker Berth Jetty to Kochi Refinery.
The Public Sector Undertaking under the Ministry of Petroleum & Natural Gas said the new pipeline would help Kochi Refinery to
Oil Ministry may block any attempt by state-owned GAIL, IOC, ONGC and BPCL to buy 10 per cent stake of France's GDF International in Petronet LNG Ltd as it is keen to keep the liquefied natural gas importer a private limited company.
GDF, a unit of French energy giant Engie SA, has written to sell its entire stake in Petronet to the company's principal
The US has agreed to formalise the International Solar Alliance by a framework agreement, withdrawing its objections and paving the way for according legal status to the first India-headquartered inter-governmental body and making it eligible to be registered with the United Nations.
â€œThe US has tentatively agreed,â€ said a senior official
The Energy Efficiency Services Ltd (EESL, on Saturday said it would bring investment to the tune of Rs 1,000 crore covering more than 10,000 large government or private buildings in next 2-3 years as part of the Energy Efficient Buildings programme.
UnionPower, New and Renewable Energy, Coal and Mines Minister Piyush Goyal launched the programme here, in the presence of
The second unit of the Kudankulam Nuclear Power Project (KNPP) was reconnected to the southern power grid on Saturday morning, said officials.
The unit was shut down early this month due to water and steam leakage.
An official at KNPP told IANS that the second unit was reconnected to the grid on Saturday morning at 7.57 a.m. and touched a level of 500 MW during the
Leading wind turbine manufacturer and solar developer Suzlon Energy Ltd consolidated the turnaround it had shown in its December quarter by posting a profit after tax (PAT) of Rs 543 crore in 2016/17 against a loss of Rs 268 crore in 2015/16. In the March quarter, it had a profit of Rs 268 crore against a mere Rs 15 crore in the corresponding quarter a year ago.