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The Reserve Bank of India is looking for an alternative payment mechanism to enable oil firms to bring home the contracted Iranian oil imports for January.

Uttar Pradesh Power Corporation Limited signs a MoU with Unitech Machines Limited for setting up a 250-MW coal-fired power plant in Auraiya district.
In a bid to increase electricity generation in Uttar Pradesh, four new thermal power units will be set up in different parts of the state by private
Jubilant Energy, engaged in upstream exploration and production, is also mulling the admission of its entire issued share capital to trade on the AIM market of LSE.
The Bench, headed by Justice G S Singhvi, also issued notices to other respondents, including Ministry of Coal, Ministry of Power and Power Finance Corporation.
Finance minister Pranab Mukherjee says structural reforms were required in the energy sector to attract more investment.

State-run hydro power generator NHPC reports an 11.92% increase in its net profit at Rs 690.18 crore for the second quarter ended Sept 30.

The company had earlier said the proceeds of the public offer would be utilised to part fund its Rs 22,000-crore expansion projects in Chhattisgarh and Jharkhand.
Of the total capacity of 630 Mw solar projects that the government is keen on developing in the country, 505 Mw has been awarded to the western state alone.
RPower had also announced a deal on Saturday to procure equipment worth Rs 10,000 crore from General Electric and other US firms for its power and coal mining projects.