Prime Minister Narendra Modi will announce a scheme for providing 24X7 electricity to all on September 25, Power Minister R K Singh said on Friday. September 25 is also the birth anniversary of RSS ideologue Pandit Deendayal Upadhyaya. “Another challenge is coming on September 25…when the Prime Minister will announce a big scheme for providing […]
Month: September 2017
NTPC gets shareholders’ nod to raise Rs 15,000 cr via bonds
Power giant NTPC on Friday said it has received shareholders’ approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis for capex, working capital and other corporate purposes. The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE […]
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. […]
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 […]
Vedanta power plant closure: Odisha green board revokes order
Vedanta Ltd today said it will resume power generation at three power plants after Odisha State Pollution Control Board (SPCB) revoked its earlier order to close mining conglomerate’s five such units. On September 14, the metals and mining major had said that it has been directed by the SPCB to temporarily close five units of […]
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 […]
How Air India engineers braved the rain to restart Mumbai airport in 24 hrs
More than 90 people worked for 24 hours in incessant rains to pull out the SpiceJet aircraft weighing 41 tonnes that kept the primary runway of Mumbai airport shut and disrupted operations at the country’s second busiest airport. “The advantage was that our aircraft recovery kit is based in Mumbai itself, so our men were […]
Abraaj Group has joined hands with ENGIE to set up a wind energy platform in India
Dubai-based emerging markets buyout fund Abraaj Group has joined hands with ENGIE, a multinational utility company and global independent power producer to set up a wind energy platform in India. “Together, Abraaj and ENGIE have identified a robust pipeline of wind power projects representing over 1 GW in several key states,” the companies said in […]
ONGC discovers ‘good’ offshore oil, gas field with reserves of 20 mn tonnes
The latest discovery of India’s largest oil explorer Oil and Natural Gas Corp to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said. The Mumbai High field annually produces oil and natural gas of about 9 million to […]
Reliance Industries plans major expansion at world’s largest oil refinery complex
Reliance Industries, operator of the world’s largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter. Reliance may expand the capacity at its dual refinery complex in Jamnagar in the western Indian state of Gujarat by 30 million tonnes a year […]
L&T bags Rs 1,700-cr crude oil pipeline contract from Kuwait Oil Company
Engineering conglomerate Larsen & Toubro (L&T) on Wednesday said it has won a Rs 1,700 crore contract in Kuwait for building a crude oil pipeline. “L&T’s hydrocarbon division has bagged a major pipeline contract with a value close to Rs 1,700 crore from Kuwait Oil Company (KOC) for Engineering, Procurement and Construction of a new […]
Final arbitration hearing of India tax dispute in Aug 2018: Cairn
British oil explorer Cairn Energy on Wednesday said final hearing in the international arbitration it has initiated against a Rs 10,247 crore retrospective tax demand raised by India, has been pushed back by about six months to August 2018. Cairn initiated arbitration against the government using a new law that gave it powers to impose […]