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Read more about India Grid Trust to mull raising debt on 16 March on Business Standard. The board of India Grid Trust will meet on Tuesday, 16 March 2021, to consider raising debt through various sources.
The National Green Tribunal has held that Vedanta's mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC). A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the recommencement of the plant in 2019 can only be done after obtaining EC. "Accordingly, we hold that the application is maintainable and requirement of prior EC for operating the plants in question by Respondent no. 4 (Vedanta) is attracted. The Ministry of Environment and Forests and the Goa State Pollution Control Board may take further remedial action in accordance with...
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand. "Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against Indian assets," the firm said in its 2020 annual earnings statement. The firm has moved courts in nine countries to get the arbitral award registered and recognised. "The tr...
Read more about IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 cr on Business Standard. India Grid Trust signed a share purchase agreement to acquire NER-II Transmission from Sterlite Power as part of the framework agreement.
Read more about India Grid Trust to acquire NER-II Transmission from Sterlite Power on Business Standard. For indicative value of Rs 4625 crore