Tata Power puts on stream additional 400 MW of new solar capacity to avail of PLI scheme

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Tata Power Solar Systems has put on stream an additional 400 MW solar module and cell manufacturing capacity, taking the total capacity to 1,100 megawatts (MW), from 700 MW that existed earlier. The company said it expected the demand to increase “due to supportive policy steps” taken by the government. The announcement was made on […]

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Malayasia and Brunei in Southeast Asia to increase offshore oil production

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater discoveries. The governments from both countries signed a unitisation agreement to develop the Gumusut-Kakap and Geronggong-Jagus East offshore oil fields.  Development will be managed by Malaysian state-owned Petronas and Brunei’s National Unitisation […]

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China’s purchase of Iranian crude belies the “official” decline in its oil imports

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China’s crude oil imports are estimated to have declined by 8.81 per cent month over month in March to stand at 11.26 million barrels per day (bpd). However, this assessment doesn’t show massive crude flows from Iran into China last month. In recent weeks, various reports have suggested that China has been considerably boosting its crude oil […]

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Record high incidences of COVID cases could stall India’s oil imports

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India has been reporting record high numbers of new daily COVID-19 cases. Mumbai, the largest city has been put on lockdown, potentially threatening fuel demand and crude oil imports in the world’s third-largest oil importer. The new strict measures in India’s financial center and most populous city are now set to further impact oil consumption and […]

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Coal India’s capital expenditure during 2020-21 records all-time high at Rs 13,115 crore

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Coal India said its capital expenditure (capex) almost doubled to hit an all-time high of Rs 13,115 crore in the just concluded fiscal year. CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21. ”Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21…. […]

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India to make Chabahar Port in Iran operational by May 2021: US Congressional Research Service

India has accelerated the work on Chabahar Port early this year and the strategic Iranian port is expected to be operational by next month, a US Congressional report said. “In 2015, India agreed to help develop Iran’s Chabahar Port and an associated railway that would enable India to trade with Afghanistan unimpeded by Pakistan,” the […]

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India to invite bids for solar production-linked Incentive in a couple of weeks

To reduce India’s import dependency, the Union Cabinet approved the Rs 4,500 crore solar production-linked incentive (PLI) scheme to boost the domestic manufacturing capacity. The government is scheduled to invite bids for the PLI scheme for solar module manufacturing in the next two weeks and beneficiaries will be identified in July, a Press Information Bureau […]

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