India’s top oil explorer ONGC and its partners will invest $6.2 billion (Rs 50,000 crore) in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonization drive. For that ONGC has signed a pact with Greenko, one of India’s largest renewable energy companies, to form a 50:50 joint venture […]
The Adani Group’s plan to invest $70 billion in clean energy will help India to reduce its dependency on oil and gas imports and emerge as a net exporter of clean energy, chairman Gautam S Adani said. “The best evidence which showcased our confidence and belief in the future — is our investment of $70 […]
Gold prices finished 0.6% higher at the end of the first half of 2022, closing at US$1,817/oz, the World Gold Council (WGC) said in its mid-year outlook, adding that it saw inflation, political risks and interest rate hikes as key headwinds in the remaining months of the year. “The gold price initially rallied as the Ukraine war […]
Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said. Zambia’s previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM’s parent company. The Zambian government has […]
Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022 in India, said a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). This report comes even as the industry is going through one […]
The government said project investment of Rs 7,242.90 crore has been made in last two years under Padhan Mantri Matsya Samapada Yojana (PMMSY), while announcing the launch of a dashboard of this flagship scheme. PMMSY, launched in May 2020, is a flagship scheme for focused and sustainable development of the fisheries sector in the country […]
Investment in the renewable energy sector in India has increased more than 125 percent year-on-year to touch a record $14.5 billion in the financial year 2021-22 (FY22), said a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Acquisitions and bond issues by a host of companies, including RIL and Adani, constituted 75 […]
State-owned GAIL India is set to invest Rs 6,000 crore in the next three years in renewables. The investment can go up by an additional Rs 20,000 crore by 2030, said GAIL India chairman and managing director Manoj Jain. GAIL India Director (Finance) Rakesh Kumar Jain said the company, which reported a 112 percent jump […]
At the World Economic Forum meet in Davos, ReNew Power has signed MOU to invest Rs 50,000 crore in Karnataka over 7 years and another Rs 50 crore for renewable energy in Maharashtra A leading renewable energy company, ReNew Power has inked a Memorandum of Understanding (MoU) with the Karnataka government at the World Economic […]
International Holding Company PJSC (IHC), an Abu Dhabi-based investment company has completed the investment of Rs 15,400 crore ($2 billion) in three Adani portfolio companies. The investment, first announced on April 8, was expected to be completed within a month. IHC has invested Rs 3,850 crore in Adani Green Energy, Rs 3,850 crore in Adani Transmission and Rs 7,700 crore in Adani […]
