Financials and Investment News in India

DP World and NIIF Announce Broadening of Partnership in India
6/29/2022 - DP World and NIIF (National Investment and Infrastructure Fund) announce the broadening of their existing partnership, with NIIF Master Fund investing primary capital of INR 22.5 billion[1] (c.$300 mi...
GAIL Reports Highest Ever Annual Revenue
5/27/2022 - GAIL (India) Ltd recorded 62% increase in Revenue from Operations to Rs. 91,646 crore in FY22 as against Rs. 56,738 crore in FY21, Profit before Tax (PBT) increased by 113% to Rs. 13,590 in FY 22 cror...
Adani Green Raises $288M Construction Facility
3/21/2022 - Adani Green Energy Ltd (AGEL) has extended its Construction Financing Framework to USD 1.64 Bn by raising a USD 288 Mn facility for its under-construction renewable asset portfolio through definitive ...
Azure Power Refinances 600-MW Solar Plant in Rajasthan
2/22/2022 - Azure Power, a leading independent sustainable energy solutions provider and power producer in India, has announced successful refinancing of its existing project finance facility of INR 23.50 billio...
Pricing of US$4 Billion of Senior Unsecured Notes across 10, 30 and 40 years tranches
1/6/2022 - Reliance Industries Limited (“RIL”) announced that on January 5, 2022, it has priced a Rule 144A / Regulation S multi-tranche offering aggregating US$4 billion comprising of:
1. US$ 1,500,000,00...
Oilex Secures Funds to Refrack Cambay Well 77H in India
12/14/2021 - Oilex has arranged the funding required for the re-fraccing of the Cambay 77H well in India.

Oilex has appointed the Bedrock / Manan consortium to plan the Cambay 77H well re-frac (and to a...
Cairn Provides India Update
11/3/2021 - Cairn is pleased to announce that it has entered into undertakings with the Government of India in order to participate in the scheme introduced by recent Indian legislation, the Taxation Laws (Amendm...
KKR-Sponsored Virescent Infrastructure Raises INR4.6B in India
9/28/2021 - - KKR-sponsored Virescent sets up India’s first renewable-focused infrastructure investment trust
- Raises INR4.6 billion (~US$62 million) from AIMCo and other investors
- First renewable ...
Arbitration Award
12/23/2020 - Cairn announces that the tribunal established to rule on its claim against the Government of India has found in Cairn's favour. ...
Cairn Energy Provides Update on Its Assets in India
7/9/2018 - Cairn Energy has provided an update on its ongoing arbitration with the Government of India under the UK-India Bilateral Investment Treaty. All of the written submissions by Cairn and the Government o...
India Economy - May 2016
India Economy - May 2016 5/19/2016 - The improvement in India's February industrial growth was largely limited to solid growth in electricity output that accelerated to 9.6% y-o-y, the highest since September 2015. However, the remaining...
P K Rao Takes over as Director (Operations) of ONGC Videsh
P K Rao Takes over as Director (Operations) of ONGC Videsh 11/2/2014 - Pasala Krishna Rao has taken over as the Director (Operations) of India’s second most valuable E&P enterprise, ONGC Videsh. Mr. Rao, 55 years takes over the reins of Director (Operations) with effect ...
India Panel Seeks Tax to Fund Vehicle Emission Reductions
6/13/2014 - India should impose a tax on fuel sales to fund refinery upgrades for cleaner fuels so that vehicles can eliminate cancer-causing particle emissions, a government panel said. ...
Asian Developing Countries Oil Demand in July 2013
Asian Developing Countries Oil Demand in July 2013 8/2/2013 - India’s oil demand growth is slightly above last year’s average. Year-to-date figures show a moderate gain in oil demand consumption in the country. Total oil demand grew by 0.1 mb/d or 2.7% to stand ...
Asian Developing Countries Oil Demand in June 2013
Asian Developing Countries Oil Demand in June 2013 7/14/2013 - In India, the beginning of the 2013/14 financial year in April saw growth of 3.0% y-o-y in oil demand. The growth in gasoline continued its downward trend to stand at 1.9% – with the overall growth fo...
Asian Developing Countries Oil Demand in May 2013
Asian Developing Countries Oil Demand in May 2013 6/8/2013 - In March 2013, India’s oil demand returned back to normal growth at 2.1% y-o-y. All product requirements grew y-o-y, with the exception of jet fuel/kerosene and fuel oil, which fell 3% and 4%, respect...
Asian Developing Countries Oil Demand in April 2013
Asian Developing Countries Oil Demand in April 2013 5/7/2013 - In February, Indian oil consumption fell for the first time for 23 months, by 1.5% y-o-y, driven by sluggish economic growth and weaker farm, mining and manufacturing activity. All product requirement...
Developing Countries Oil Demand in March 2013
Developing Countries Oil Demand in March 2013 3/28/2013 - Indian oil consumption grew once more by a remarkable 7.8% y-o-y, driven by high economic growth. Heavily subsidized diesel, partly used for electricitygeneration and transport, accounted for most of ...
Developing Countries Oil Demand in Feb 2013
Developing Countries Oil Demand in Feb 2013 2/20/2013 - Oil demand in India grew by 2.8% y-o-y in December — the lowest recorded monthly growth since May 2012. Demand growth was led by diesel as cold weather positively affected consumption, especially the ...
Developing Countries Oil Demand in January 2013
Developing Countries Oil Demand in January 2013 2/8/2013 - This past summer in India, a massive power shutdown pushed the country’s diesel demand past the 200 tb/d growth level for three months. Nevertheless, this trend was repeated last month, resulting from...

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