Brent crude futures rose 14 cents, or 0.2%, to $63.32 a barrel by 0502 GMT, after dropping 1% overnight - the first fall in four sessions.
Read MoreThe demonstration plant shall be based on the Advanced Ultra Super Critical (AUSC) technology which marks a significant improvement in operational parameters over contemporary supercritical technology.
Read MoreThe utilities have been ramping up imports of thermal coal after India's top court in October eased their earlier stance and paved the way for passing on increased generation costs to consumers.
Read MoreIndia's renewable power capacity soared by almost 150% in the last five years to 77.6 GW, while the government set a target of 175 GW by 2022.
Read MoreIndia is likely to revise the target upwards and this will entail a higher flow of investments into the renewable energy sector, says Fatih Birol, executive director of IEA
Read MoreThe capacity will be built in a phased manner with initial capacity of 35 MW increasing up to 50 MW within 24 months of initial commissioning of the plant.
Read MoreSome cities awarded to Indian Oil and Adani Gas Ltd would also now be open to new distributors, under the new provisions.
Read MoreThe plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets.
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