Anil Ambani-led Reliance Power Ltd has entered the global energy arena with competitive bids for a 1,500-megawatt (MW) gas-based power project across multiple international markets. The company is actively participating in tenders floated by governments and utilities in Kuwait, the United Arab Emirates (UAE), and Malaysia, marking a strategic shift in its overseas ambitions. According…
Tata Steel has received a show cause-cum-demand notice from the Office of the Commissioner (Audit), Central Tax, Ranchi, over alleged irregularities in availing input tax credit (ITC) of ₹1,007.54 crore across FY2018–19 to FY2022–23. The notice, dated June 27 and received by the company on June 28, calls on the steel major to explain why…
In a potential shake-up of India’s energy landscape, Russian oil major Rosneft PJSC has entered early-stage discussions with Reliance Industries Ltd (RIL) to divest its 49.13% stake in Nayara Energy, a key player in India’s refining and fuel retailing sector. The move, if finalized, could significantly bolster Reliance’s refining capacity and retail footprint, positioning it…
