Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi. The country’s top refiner Indian Oil Corp (IOC) and other refiners have invested billions of dollars in recent years to install delayed […]
Day: December 6, 2017
Oil prices dip on rising US fuel stocks; OPEC supply cuts support market
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. Brent crude futures, the international benchmark for oil prices, were down 6 cents at $62.80 a barrel as of 0751 GMT. US West Texas Intermediate (WTI) crude futures were at […]
Anil Ambani’s RInfra wins contracts worth Rs 5,000 cr in Bangladesh
Anil Ambani-led Reliance Infrastructure Ltd today said it has bagged contracts worth Rs 5,000 crore in Bangladesh which includes setting up of the entire infrastructure for a 750 MW LNG-based combined cycle power plant. The company won the projects on international competitive bidding, Reliance Infrastructure (RInfra) said in a statement. “The first EPC contract includes […]
Yogi govt targets Rs 50,000 crore private investment in solar energy
Betting big on green energy space, the Yogi Adityanath government in Uttar Pradesh is targeting to attract investment of almost Rs 50,000 crore in the solar energy sector over the next five years till 2022. Besides, the government is targetting total solar energy generation of about 10,700 megawatt (mw) during the same period vis-à-vis tentative […]
Air Asia India adds one A320; to connect Hyderabad-Bhubaneshwar
Budget carrier AirAsia India today announced the induction of an additional Airbus A320 aircraft in its fleet besides launching a new route, connecting Telangana capital Hyderabad with Bhubaneshwar from early 2018. The airline also said it will enhance connectivity to Jaipur and Bhubaneswar from its Bengaluru hub. AirAsia India will now have three direct flights […]
Delay in highway projects could disqualify companies from future contracts
Companies delaying execution of highway projects may be disqualified from bidding in the next round of contracts as the government is mulling over a policy that would debar concessionaires from tenders of fresh road projects if the previous contracts of the same company have missed completion timelines. According to a proposal, the government is not […]