Oil investors rattled by the threat of US output can find some cheer from diesel demand in Asia. Strong consumption of the fuel — used to power everything from trucks to ships and factories — underpinned crude’s bull run last year, a rally that’s now being threatened by surging American production. Still, while the risk […]
Acknowledging that coal shortage hit power generation in the current year, and that coal supply still was a sore point, the power ministry has said that the sector would need 615 million tonnes of coal supply in the coming financial year. This would also entail an increased demand of railway rakes of 288 per day […]
Larsen & Toubro’s hydrocarbon engineering arm has bagged an order worth over Rs 2,200 crore from Al Dhafra Petroleum Operations Company of Abu Dhabi, the engineering major said in a statement Monday. The order entails engineering, procurement and construction work for field development for Al Dhafra Petroleum, which is a joint venture between ADNOC and […]
In her village of Komalia, the fog swirls so thick at 7 a.m. that Akansha Singh can see no more than 15 meters ahead. But the 20-year-old is already cycling to her workplace, nine kilometers away. Halfway there she stops for two hours at a computer training centre, where she’s learning internet skills. Then she’s […]
Airbus’ decision to halt the delivery of A320 planes is unlikely to impact Indian low-cost major IndiGo’s aggressive expansion, as it plans to induct around 40 planes in the next one year. The plan includes leasing of around 25 A320 ceo and delivery of 15 new ATRs. While the plan has been revised from the […]
In what could have turned into a mass casualty accident in the skies, leaving over 250 flyers dead, two planes belonging to Vistara and Air India (AI) came close to a mid-air collision on February 7. According to reports, the mishap was averted thanks to the presence of mind shown by the AI aircraft’s woman […]
Gujarat is inviting tenders to set up 500 MW of solar projects in the state under the reverse-auction mechanism, under which bidders who quote the lowest tariffs for selling power get to develop projects.
Coal India on Saturday announced a four per cent increase in consolidated net profit to Rs. 3,004.79 crore in the December quarter as against Rs. 2,883 crore during the same period in 2016.
There has been all-time high coal rake loading consistently in the last fortnight, according to the Ministry of Coal.
Petrol and diesel prices on February 9 have slumped for the second day on the back of low Brent crude oil price which has now settled below $65 per barrel after Iran announced to increase its production.The petrol and diesel prices were cut by 2 paise and 4 paise respectively.
Oil prices slid more than 3 percent on Friday as US futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies.
State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported a 22 per cent rise in standalone net profit for the third quarter on back of higher refinery margins and inventory gains.