Strongly contesting a Rs 10,247 crore tax demand raised on its eight-year old internal business recognition, British oil explorer Cairn Energy has said it will seek damages from the government for the loss in value of its holdings suffered because of the notice.
Author: admin (Infratructure Today)
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ReNew Power in talks with PE firm to raise $200 million
ReNew Power Ventures Pvt. Ltd, in which Goldman Sachs Group Inc. has a majority stake, is in advanced talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million to generate 400 MW of solar power.
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Coal production up in 2014-15: Goyal
Coal production increased from 556.4 MnT in 2012-13 to 610.8 MnT during 2014-15, Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy, said.
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ONGC identifies six projects to propel next growth phase
India´s biggest oil and gas explorer, Oil and Natural Gas Corporation, has identified six major field development projects with an investment of Rs 241,881 million (Rs 24,000 crore), in addition to its flagship development project in the Krishna-Godavari (KG) basin, to power the next phase of its growth.
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CIL to seek nod to extend CMD´s tenure
Coal India Limited will seek its shareholders´ nod to extend the tenure of Sutirtha Bhattacharya, 58, as its Chairman and Managing Director till August 31, 2017. Bhattacharya took charge as Coal India-´s full-time CMD on January 5, a post which had been lying vacant for over six months.
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States to put 82 blocks for auction by Oct-Nov: Mines Secy
The 12 mineral producing states will put 82 mining blocks containing minerals such as iron ore, bauxite, limestone under the hammer by October-November this year, according to a top government official.
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Wind turbines to dot Vijayapura district
Vijayapura district, with its vast open and elevated areas, has gradually begun large-scale wind energy projects to tap into the readily available natural resource to meet its power requirements.
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India, UAE to Start Multibillion Dollar Fund
India and the United Arab Emirates (UAE) are set to start a $75 billion fund to invest in Indian infrastructure projects.
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Nitish Kumar gives Rs.19,500 cr push
Bihar Chief Minister Nitish Kumar has laid foundation stones, inaugurated and dedicated development projects
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Smart Buildings Summit 2015 takes off…
Buildings today are complex concatenations of structures, systems and technology. Over time, each of the components inside a building has been developed and improved, allowing modern-day building owners to select its features independently. Smart buildings go well beyond just using smart materials and protocols.