For month of September 2017 Coal India announced Provisional Production and Offtake Performance of the CIL and its subsidiary companies for the month of September 2017 and for April 2017- September 2017. The Company achieved 101% of the targeted coal production at 38.77 million tonnes in September 2017. For the period April- September 2017, actual […]
Day: October 3, 2017
Sustained energy demand recovery is still absent, says ICRA
A sustained energy demand recovery is still absent and the stressed thermal assets are sizeable at about 60 GW, credit rating firm ICRA said today. The recent uptrend in the electricity demand growth has led to a marginal improvement in the all India thermal PLF (plant load factor or capacity utilisation) to 59.9 per cent […]
In a first, Reliance Industries buys 1 mn barrels of crude oil from the US
Reliance Industries Ltd , owner of the world’s biggest refining complex, has bought its first ever crude oil cargoes from the United States, drawn by the oil’s economics after the price spread between U.S. crude futures and Brent futures widened, three trade sources said on Tuesday. Reliance bought 1 million barrels each of West Texas […]
Cheap fuel: After new highs, experts see petrol, diesel prices falling soon
Diesel prices in Delhi on Tuesday scaled a new all-time high of Rs 59.14 per litre, while other cities too saw a considerable increase. However, industry experts and the government believe that prices will ease in the next few weeks as international prices are showing a declining trend. In Delhi, the price of petrol, too, […]
Soon, desi airlines can also operate foreign-registered aircraft
Allaying international lessor concerns that repossessing their aircraft from Indian carriers is an uphill task if the latter hit bad times like Kingfisher, the government is soon going to allow desi airlines to operate foreign registered aircraft. At present, airlines in India are required to get an Indian registration when the lease (rent) aircraft from […]