Coal mine contracts of 45 firms cancelled

The Coal Ministry has cancelled the mining leases of West Bengal Power Development Corporation, Monnet Ispat & Energy and state­run NTPC for delays in operationalizing coal blocks and missing production targets, Parliament was informed on Monday. The Ministry penalized a total of 45 companies for delays in commencing operations and missing production targets, according to…

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Tata Power plans to invest ₹75,000­ cr in renewable energy in next five years

Tata Power, one of India’s largest power generation companies has lined up a capital expenditure of ₹75,000 crores for renewable energy over the next five years, Chairman, N Chandrasekaran said to shareholders at the company’s 103rd annual general meeting. The focus on the renewable energy sector has led to steady growth of India’s renewable energy…

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