Power

Railways looking at ways to speed up electrification process: Piyush Goyal

The Railway ministry is looking at ways to speed up the electrification process as it would help cut down Rs 16,000 crore expense on diesel, Union Minister Piyush Goyal said today. He said the ministry is consulting all the people who are involved in the electrification process. The important things which are involved in the

Coal

Piyush Goyal promises smooth coal supply to power plants by early October

Coal Minister Piyush Goyal today said his ministry is taking urgent steps to ensure coal supplies to power stations stabilise by month end or early October. He was speaking at the annual convention of Indo-American Chamber of Commerce (IACC) in Mumbai. Goyal’s assurance came after IACC President N Srinivasan flagged the issue of the depleting

Oil & Gas

Oil prices steady ahead of key OPEC meeting

Oil prices steadied on Thursday, holding most of their recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. Ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers meet in Vienna on Friday

Civil Aviation

State plans Rs 89-cr boost to help small airports take off

The state government has budgeted Rs 89 crore this year to upgrade airport infrastructure in tier-II and tier-III cities in Karnataka to promote regional air connectivity, infrastructure minister RV Deshpande said on Wednesday. His comments came hours before the government launched its first regional air service –Chennai-Mysuru-Chennai route at Mysuru, coinciding with the Dasara festivities.

Roads

Bharat Road Network closes below IPO price on institutional selling

Bharat Road Network (BNRL) ended 7% lower at Rs 195, closing below its initial public offer (IPO) price of Rs 205 per share on Tuesday after heavy selling by institutional investors on the first day of its listing. The stock hit an intra-day low of Rs 187 on the National Stock Exchange (NSE. A combined

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