Indian cos that invested over $10 bn in acquiring 14 coal mines abroad are now worried after coal prices have dropped 40% in two years to about $80 a tonne.
GVK Power won environmental approval for its $10.4 bn Alpha coal and rail project in Australia's Queensland, with 19 conditions to protect environment.
GVK Power and Infrastructure is abandoning a special economic zone in Tamil Nadu and deferring work on a port venture in Gujarat.
CBI has named Andhra Pradesh's roads and buildings minister Dharmana Prasada Rao in its probe into the alleged disproportionate assets of YSR Congress chief YS Jagan Mohan Reddy.
These power stations, which utilise gas as fuel, are all based in Andhra Pradesh and have been set up on the expectation of supplies from India’s largest natural gas reservoir in the Krishna-Godavari basin.
Congress is carrying out a detailed review of its election prospects in major states such as AP, Maharashtra and Rajasthan.
NCC and IL&FS Engineering have decided to completely exit from the hydroelectric project they are jointly building on the River Sorang.
RBI has challenged AP's right to regulate microfinance firms registered with it as NBFCs, drawing a sharp retort from the state government.
NCC and IL&FS Engineering have decided to completely exit from the hydro electric project they are jointly building on the River Sorang.
Managing Director of Deccan Chronicle Holdings Ltd (DCHL) N Krishnan has resigned from his post and directorship of the board.
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