Cairn has initiated an international arbitration seeking $5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed.
OVL had in May applied to the Vietnamese authorities for a fourth extension of the exploration licence for the deepsea block to maintain India's strategic interest in the South China Sea.
Uncertainty on extension of generation-based incentive (GBI), coupled with unwillingness of state distribution companies to support costly power, may adversely impact the government's vision to achieve a wind power capacity of 60,000 MW by 2022, a report said.
Coastal movement of coal could cut power costs by 50 paise per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has said.
A multi-million dollar deal between Malaysia's largest power utility player Tenaga Nasional Berhad and GMR Energy has received clearance from the Competition Commission of India (CCI).
Adani Power on Wednesday said it has received approval of its shareholders to raise up to Rs 10,000 crore through equity shares or other instruments like GDRs and debentures.
State power distribution companies (discoms) are staring at a net loss of Rs 8,000 crore in the current fiscal owing to purchase agreements in excess of power demand, according to India Ratings and Research (Ind-Ra).
Amid protests over the government taking away and auctioning a dozen oil and gas discoveries of ONGC and OIL in Assam to private firms, the two PSUs have sought to clear "misunderstandings" through advertisements, Oil Minister Dharmendra Pradhan said on Monday.
State-owned ONGC shelled out Rs 18,787 crore in excess subsidy over 3 years as it 'over-reported' crude oil production by 12 per cent, which also resulted in extra payment of performance related pay to its executives, government auditor CAG said on Monday.
Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion.
Regulatory hurdles like high cross subsidy charges and resistance from utilities are affecting the growth of open access market for energy consumers, domestic ratings agency Icra has said.
Tata Power on Friday announced its South African joint venture Cennergi has achieved the commercial operation of its 134 MW wind farm project.
State-owned Oil and Natural Gas Corp (ONGC) will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.
ONGC Videsh Ltd has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second biggest oil field Vankor.
Power generation utilities owe Rs 12,028 crore to state-owned Coal India Ltd (CIL) as of March 31, Parliament was informed on Thursday.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved setting up of a 1,980 MW Ghatampur thermal power project at an estimated cost of Rs 17,237.8 crore in Uttar Pradesh.
State-owned PTC India has launched two mobile applications to provide market information like power prices and trends, and help participants place error-free bids on electricity exchanges.