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 […]
Day: February 12, 2018
Shortage of coal caused power generation loss in 2017-18, acknowledges govt
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 […]
L&T Hydrocarbon Engineering bags orders worth over Rs 2,200 Crore
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 […]
Solar power push lights up options for India’s rural women
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 […]
IndiGo plans to add 40 planes, including 25 A320s, in next one year
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 […]
Air India-Vistara mid-air collision: How Captain Kohli saved 261 lives
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 […]