Sudarshan Varadhan

BPCL sees gasoline, diesel demand returning to pre-Covid levels in July

04 Jun 2020

CHENNAI/BENGALURU India's gasoline and diesel demand is expected to return to pre-lockdown levels in July, an executive at the country's second largest fuel retailer Bharat Petroleum Corp said on Thursday.

Coal India's May sales driven sharply lower by slump in power demand

01 Jun 2020

CHENNAI Coal India's sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lockdown to curb the spread of the coronavirus.

India's electricity generation falls 14.3% in May

01 Jun 2020

CHENNAI India's electricity generation in May fell at a slower pace than in April, as higher temperatures lead to greater demand for residential power and the government eased some lockdown restrictions to control the spread of the coronavirus.

Exclusive: Nissan settles dispute with Tamil Nadu over unpaid dues - sources

28 May 2020

NEW DELHI/CHENNAI Nissan Motor Co has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters.

NTPC keen to buy Reliance Group's Delhi power distribution units

28 May 2020

CHENNAI India's largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group's power distribution assets in Delhi.

Hyundai India, Maruti workers get coronavirus, showing restart risks

24 May 2020

CHENNAI/NEW DELHI Workers at two of India's biggest carmakers have tested positive for the novel coronavirus days after restarting operations, exposing the risks companies and the government face in kickstarting the economy.

Three Hyundai India workers get coronavirus, showing restart risks

24 May 2020

CHENNAI/NEW DELHI Three employees at Hyundai Motor Co's Indian plant have tested positive for the coronavirus, the company said on Sunday, days after the South Korean automaker resumed operations after a near two-month lockdown.

Citing COVID uncertainty, India's ACME Solar cancels deal to supply power at record low tariff

20 May 2020

CHENNAI India's ACME Solar has cancelled a contract with state-run Solar Energy Corp of India (SECI) to supply power at the country's lowest tariff due to project delays and uncertainty over the coronavirus, it told the federal electricity regulator.

Clogged cooling system likely cause of gas leak in Andhra Pradesh, three investigators say

15 May 2020

VISAKHAPATNAM, India A clogged cooling system was the likely cause of a temperature surge in a storage tank which led to a gas leak at a chemical plant in India, killing 12 people, three state government investigators told Reuters.

Protesters demand closure of LG Polymers plant in Andhra Pradesh after toxic gas leak

09 May 2020

VISAKHAPATNAM Villagers placed the bodies of three victims of a deadly gas leak from an LG Polymers plant in Andhra Pradesh at the gates of the site on Saturday, and demanded the factory be shut down immediately and its top management arrested.

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