The magnet for these projects is the Teesta, a turbulent river that drops from an elevation of 5, 280 metres to about 230 metres over a distance of 175 km, making it ideal for a cascade of hydro power projects.
Reliance Energy Ltd plans to invest Rs 60,000 crore (Rs 600 billion) over the next five years to add 15,000 MW of power generation capacity, company chairman Anil Ambani said in Mumbai on Tuesday.
Prime Minister Manmohan Singh is expected to announce a package for border districts of Jammu and Kashmir when he travels there on Tuesday along with United Progressive Alliance Chairperson Sonia Gandhi on a two-day visit.
The Norwegian company, which has already taken a 10 per cent stake in the KG-DWN-98/2 block, has the right to double its interests before the gas discoveries are put to production but it is now keen on operatorship and a higher stake in the block, company sources said. ONGC is in dire need of deep water production technology and is likely to agree for a joint operatorship of the block but is not willing to give 30 per cent stake in Norsk Hydro.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
The Tribunal said the equitable distribution of Mahadayi waters among three states is 'neither necessary nor feasible' at this stage.
Pakistan has said India violated the Indus Water Treaty.
Funded by the Ministry of Non-Conventional Energy Sources, the 100x2 KW power plant was jointly set up by the village councils of Chizami village and nearby Sumi village with technical assistance from Nagaland Renewable Energy Development Agency.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
The Andhra Pradesh government is considering taking the assistance of space agencies Indian Space Research Organisation and National Aeronautics and Space Administration to trace the 17 missing engineering students from Hyderabad who were swept away in Beas river after sudden release of water from a reservoir.
Lafitte was appointed by the World Bank in May.
Oil and Natural Gas Corporation ONGC will tie-up with Norway's state-owned oil firm Norsk Hydro to jointly explore for oil and gas in the Gulf region.
A summary of sports events and persons who made news on Monday
Pakistan objects to the Baglihar project, saying it violates the 1960 Indus Water Basin treaty, which accorded rights over rivers Ravi, Beas and Sutlej to India and riparian rights on the Indus, Jehlum and Chenab rivers to Pakistan.
"The design of the project is strictly according to the Indo-Pak water treaty and will not become hurdle in the peace process," Union Water Resources Minister Priya Ranjan Dasmunshi explained.
After 17 years and Rs 7,300 crore (Rs 73 billion) of investment, the countdown has finally begun for power generation in Tehri Dam and Hydro Power Plant, India's largest and yet one of the most controversial hydroelectric projects.
Private sector giants Reliance Energy, Torrent Power, Jaiprakash Group and L&T are among the companies that have bid for setting up hydro power plants in Himachal Pradesh.\n\n
Officials from the Permanent Indus Water Commissions of both countries had earlier met to resolve differences over the Baglihar project but failed.
World Bank is expected to extend $2.5 billion loans to India this fiscal, which is lower than the targeted $3 billion annually during 2004-07.
It is for the first time in 13 years that the water has reached near-capacity level.
In the first meeting in Lahore last November, both sides had agreed to sort out their differences within three months.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has acquired a 30 per cent stake in seven oil and gas blocks in Cuba, which hold more than 4 billion barrels of oil reserves.
A red alert has been issued by the administration as the mighty river was flowing two to three degrees below the danger\nmark in Pul-Doda, Ramban and Akhnoor belts of the division.
A look at the performance of the eight IPOs since January 2005, which got listed reveals that the IPO dream may have turned sour for some investors.
The Oil and Natural Gas Corporation made a net profit of Rs 12,500 crore (Rs 125 billion) in the last financial year and Rs 30,000 crore (Rs 300 billion) in last three years, chairman-cum-managing director Subir Raha said.
Pakistan claims the project violates the 1960 Indus Water Treaty.
French power equipment maker Alstom on Wednesday said it would set up an R&D centre in Bangalore and upgrade its Vadodara and Delhi operations as part of plans to make India its global manufacturing hub and exports base.
'I am grateful to God that I am alive and he has made me differently-abled for a greater cause,' says Wing Commander Shantanu.
Getting Formula 1 back to the Buddh International Circuit (BIC) is not on the priority list for the debt-ridden Jaypee Group but at the same time, it has no plans to sell the USD 400 million facility that put India on the world motorsport map, said track chief Sameer Gaur. "Yes, we are not thinking of hosting any big race including F1 in the near future because of reasons well known but it doesn't mean we are open to selling the circuit. The thought has not even crossed our mind," Gaur, who is Jaypee Sports International MD and CEO, told PTI. The BIC has been away from the limelight ever since the race was dropped from the F1 calendar following three editions from 2011 to 2013. The maintenance cost of the circuit remains high and with no major international race being organised, a handful of domestic events besides vehicle testing days contribute to its running cost.
National Thermal Power Corporation on Monday announced a net profit of Rs 4,905 crore, reflecting a whopping 36 per cent increase over the previous fiscal.
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