Power

Need to bring losses below 15% for 24X7 power: R K Singh

Power and New & Renewable Energy Minister R K Singh today urged his states’ counterparts to bring electricity distribution losses below 15 per cent to ensure 24X7 power for all by 2019. Singh also asked them to roll out the Saubhagya scheme in their states to provide power connections to 4 crore families by December,

Coal

Coal scam case: Ex-Jharkhand CM Madhu Koda gets 3 yrs jail, Rs 25-lakh fine

Former Jharkhand chief minister Madhu Koda and ex-coal secretary H C Gupta were today sentenced to three years imprisonment by a special court here in a case of coal block allocation scam. Besides the jail term, the special court also imposed a fine of Rs 25 lakh on Koda and Rs one lakh on Gupta.

Oil & Gas

Oil prices stable as ongoing Opec cuts countered by rising US rig drilling

Oil markets were stable on Monday as ongoing output cuts led by Opec were countered by rising US drilling activity that points to a further increase in American production. US West Texas Intermediate (WTI) crude futures were at $57.32 a barrel at 0749 GMT, down 4 cents from their last settlement. Brent crude futures, the

Civil Aviation

GMR-Megawide lowest bidder for $250-million airport project in Philippines

The GMR Group today said it along with its partner Philippines-based Megawide Construction Corporation emerged as the lowest bidder for the USD 250 million Clark International Airport project in the southeast Asian nation. Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately. According

Roads

PM Modi inaugurates Shillong-Nongstoin-Rongjeng-Tura Road

Prime Minister Narendra Modi inaugurated the Shillong-Nongstoin-Rongjeng-Tura Road in Shillong on Saturday. Earlier in the day, Prime Minister Narendra Modi inaugurated the 60 MW Tuirial hydropower project in Mizoram’s Aizawl. “Today we gather here to celebrate a significant mile-stone in the history of Mizoram, the completion and dedication of the 60 Mega-Watt Tuirial hydropower project.

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