Daily Archives: January 11, 2018

Thermal power PLF remains subdued despite high demand: Icra

Capacity utilisation of thermal power plants remained subdued in April-December period this fiscal at 59.7 per cent even as the electricity demand grew at 5.8 per cent, rating agency Icra said. The domestic electricity demand has grown by 5.8 per cent during April-December 2017-18 period mainly led by a significant pick-up in electricity demand in

What FDI change means for Air India’s airline arm

At 86, the Maharaja is a hot bachelor for suitors from across the globe with an Indian connection, thanks to the government’s move to allow foreign airlines to be part owners of soon to be privatised Air India. The Tata-Singapore Airlines (SIA) JV Vistara and Jet Airways, in which Abu Dhabi-based Etihad has 24% stake,

India’s 2017 oil demand growth posts lowest gain since 2013

Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent. The low growth also coincided with another year of weak, albeit improving, new vehicle sales. Last

Govt to extend Urja Ganga gas pipeline project to North Eastern states

Prime Minister Narendra Modi’s ambitious Rs 129.4 billion Urja Ganga gas pipeline project is now being extended to North East adding another 750-km up to Guwahati and later to all the state capitals of the region. Connecting to Guwahati itself may see around Rs 37-40 billion investment. Petroleum Minister Dharmendra Pradhan on Thursday said that

Coal India works out pricing policy based on energy content

Coal India has decided to replace its pricing policy from rupees per tonne to paise per unit of energy for different grades of coal sold from April 1, 2018. The grading system, based on total energy content per kilogram, remains but the price of each consignment will be determined by a rate fixed for each

MCL MINES EXPANSION PROTESTED IN S’GARH

Locals of affected villages of Kulada coalmines of Mahanadi Coalfields Ltd in Hemgiri block protested in a public hearing to the proposal for expansion of the existing mines from 10 million tonnes to 15-million-tonne capacity here on Wednesday although they did not want complete closure of mines.

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