NTPC has invited bids for procuring 1,000 metric tonnes per day of agro residue based fuel for its 2,650 mw Dadri power plant in the National Capital Region as part of initiatives to help clean air and provide farmers with an alternate to burning crop residues, a major contributor to pollution. “After completing the initial…
India’s aviation market is growing “very well” but the profitability is “borderline”, a senior official at American aircraft maker Boeing has said. Dinesh Keskar, Senior Vice President for Sales in Asia Pacific and India at Boeing Commercial Airplanes, said last year the market grew 20 per cent per annum based on the three-or-four-year average. The…
NEW DELHI: Shares of SpiceJet today rose 4 per cent after the company reported 32 per cent rise in net profit for the three months ended December 2017.
NEW DELHI: Low-cost carrier SpiceJet today reported a 32 per cent rise in its net profit at Rs 240 crore for the three months ended December 2017, aided by higher passenger revenue, making it the 12th successive profitable quarter for the airline.
Coal-based power producers are in a fix as the rising costs of coal have lowered margins while they await consent from the electricity regulators to pass on the costs in the tariffs.
Imported coal prices are on the rise again, and it is unclear if they will subside soon.
Oil prices on Thursday were close to their lowest levels this year, with soaring US output undermining OPEC’s efforts to tighten markets and prop up prices.
Farmers in Malnad and coastal areas of Karnataka and Kerala often see wild animals destroying their plants and crops. While some animals attack the farms during the day, the others are on the prowl at night.
Private power producer Torrent Power Ltd on Wednesday announced major management rejig by appointing Jinal Mehta as Managing Director. The elevation of Mehta – currently a whole-time-director in the company is seen as the planned succession at the helm after his father and chairman Sudhir Mehta decided to relinquish his position as Executive Chairman of…
The government is weighing the option of lowering the proposed 70-per cent safeguard duty on imported solar modules and panels from China and Malaysia recommended by the Directorate-General of Safeguards as power producers have complained that the move will significantly increase generation costs and render some projects unviable.