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International News

Trafigura sells out of Russia-backed Indian refiner Nayara Energy

January 11, 2023 Mariel Alumit

Trafigura said it had completed the sale of its “indirect minority interest” in Nayara Energy to Hara Capital Sarl, a wholly-owned subsidiary of Mareterra Group Holding formerly known as Genera Group Holding. NEW DELHI:Trafigurahas sold […]

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International News

India may exempt 30 GW of solar plants from equipment duty: sources

January 11, 2023 Mariel Alumit

In March 2021, the government announced 25 per cent basic customs duties on solar photovoltaic cells and 40 per cent on solar photovoltaic modules with effect from April 1, 2022 in order to block Chinese […]

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International News

I came on a huge pay cut as I wanted to do something for the country: Mahua Acharya, MD & CEO, CESL

January 11, 2023 Mariel Alumit

In an exclusive interview with ETEnergyworld, Mahua Acharya, the outgoing MD & CEO of Convergence Energy Services Ltd (CESL), talks about her experience at the helm of affairs at the company and the way forward […]

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International News

India’s auto show set to feature electric cars, scooters

January 11, 2023 Mariel Alumit

Firms from Hyundai Motor to SAIC Motor, BYD and Tata Motors are set to focus on electric cars. Meanwhile Suzuki Motor Corp’s India unit Maruti Suzuki and Toyota Motor are expected to showcase other technologies […]

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International News

Tata Power Renewables to set up India’s first residential Group Captive solar plant

January 11, 2023 Mariel Alumit

The company, one of India’s largest integrated renewable energy companies and a subsidiary of Tata Power, said it will undertake the construction, operation, and maintenance of this captive solar power plant, which is expected to […]

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Electrical Generation / Utilities

Lenders pick PFC-REC offer for Lanco Amarkantak Power

January 11, 2023 Mariel Alumit

The PFC-REC team received 95 per cent of lender votes by value of debt, while Adani Power secured 17 per cent, people cited above told ET. The voting percentages need not total up to 100 […]

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International News

India: Phased rollout of 20 pc ethanol blending to commence this April

January 10, 2023 Mariel Alumit

India has increased ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in 2022 and also advanced its target to achieve 20 per cent from earlier 2030 to now 2025-26.New […]

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International News

Oil refiner Indian Oil set to witness board rejig

January 9, 2023 Mariel Alumit

As the energy landscape witnesses major changes, the oil behemoth is looking to give current Chairman Shrikant Vaidya the Managing Director role as well. If the appointment goes through, the fuel retailer will get its […]

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International News

CESL invites bids for 3,500 electric cars for government departments

January 9, 2023 Mariel Alumit

Through this tender, the company plans to make available the demand aggregated by it for EVs, and financiers have to purchase the vehicle and lease it to CESL or the government partner for a defined […]

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International News

Indian Oil chairman to also be the managing director of the company

January 9, 2023 Mariel Alumit

IOC, the nation’s largest oil refiner and retailer of fuels like petrol and diesel, has always been headed by a chairman, who has also discharged the role of a managing director or CEO.New Delhi: Most […]

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