Revenue of EPC firms to grow 12-14 percent in FY25: CRISIL Ratings

Oberoi Group Launches ‘Elements by Oberoi’ Sustainability Framework

The Oberoi Group has launched a comprehensive environmental and social responsibility initiative, ‘Elements by Oberoi’, setting ambitious targets to make its luxury hotels significantly more sustainable by 2030. Guided by the core principles of Earth, Water and Air, the framework underlines the hotel chain’s commitment to embedding sustainability into all aspects of its operations.Key objectives by 2030 include:Recycling 100 per cent of wastewater and reducing fresh-water use per occupied room by 20 per centSourcing 50 per cent of electricity from renewable sourcesShifting transport fl..

India Opens Bids for 12th Round of Coal Block Auctions

India’s Ministry of Coal has kicked off its twelfth commercial coal block auction, inviting bids from private and public players as part of the government’s ongoing drive to open up the coal mining sector. In this round, a total of 27 companies have submitted bids, reflecting strong investor interest in the country’s energy and mining industries.This initiative aligns with recent reforms aimed at encouraging private participation, reducing red tape, and promoting transparency through a single-window system and digitised processes. Coal remains a critical component of India’s energy mix..

India Allocates 200 Coal Blocks to Spur Investment

The Ministry of Coal has achieved a major milestone by allocating its 200th coal block, reflecting a determined effort to liberalise the coal sector, encourage private participation, and bolster national energy self‑reliance. This was accomplished through a transparent, technology‑driven process aimed at streamlining investment and reducing delays.The latest allocation granted the Marwatola‑II block in Madhya Pradesh to Singhal Business Private Limited. This move underscores the government’s focus on creating a more resilient coal ecosystem while reducing dependence on imports. The min..