With their balance sheets under stress, private companies have lost interest in power projects. At Rs 1.19 a unit, power generated from the Sasan ultra mega power project (UMPP) in Madhya Pradesh......
India will set up 5 more ultra mega power projects, entailing investments of around Rs 1 lakh crore (Rs 1 trillion), the government said on Saturday. "Five more ultra mega power projects, under the......
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy......
Interestingly, the companies that fulfilled their part of the bargain and began mining the blocks might be seen as being penalised extra, given that they will have to pay a hefty penalty on their......
The Supreme Court’s order to cancel all the 214 captive coal blocks allotments since 1993 is being described by the companies in question as a body blow. Their chiefs say......