The government has ramped up coal supply to ramp up buffer stock at thermal power stations in anticipation of electricity demand shooting in line with the weatherman’s prediction of an early and hot summer this year. Latest coal ministry data shows 16 power stations, or 14%, of the 112 coal-fired power plants monitored by the […]
Day: March 14, 2018
Boeing inks new pact with TAL to make beams for Dreamliners
US aviation major Boeing and TAL Manufacturing Solutions (TAL), a Tata groupcompany, today signed a new contract to manufacture advanced composite floor beams for Boeing’s 787-9/10 Dreamliners at the latter’s dedicated facility in Nagpur. Boeing and various Tata group companies are already manufacturing aerostructures for the aircraft maker’s commercial and military planes. Boeing had awarded […]
NTPC raises $400 mn from international markets
State-owned power giant NTPC today said it has raised USD 400 million through issuance of medium term note in the international markets on March 12. This is the ninth offering under the company’s USD 6 billion Medium Term Note (MTN) programme since it was set up in 2006, taking the cumulative amount raised under the […]
Aviation ministry eyes 5-fold rise in passenger trips to 1 billion in 15-20 years: Jayant Sinha
The aviation ministry is targeting a five-fold increase in passenger trips to one billion per annum in 15-20 years in view of the huge growth opportunities the sector holds, Union Minister Jayant Sinha said today. The Minister of State for Civil Aviation said that the government is working on steps such as developing new greenfield […]
Grounding of Airbus 320 neos a proactive decision: Jayant Sinha
As IndiGo and GoAir cancelled 59 flights post grounding of 11 aircraft with new series engines, junior aviation minister Jayant Sinha termed the decision taken by them as a proactive decision. “On A320neo, we have taken the first step which no other regulator has. No other regulator is following neo engines as closely as we […]
Oil stable on strong China data, but rising U.S. output caps gains
Oil prices were stable on Wednesday after posting two days of declines at the start of the week, with support largely coming from strong China data that implies higher future imports, while the relentless rise in U.S. crude output capped gains. U.S. West Texas Intermediate (WTI) crude futures were at $60.77 a barrel at 0753 […]
Airport infrastructure: Case for expediting growth
With its rapidly-growing economy, the fact that India needs significant investments in airport infrastructure cannot be overemphasised. While Public-Private Partnerships (PPPs) and privatisation of airports have been attempted to some extent, the time has come to accelerate the pace on this front. The broader trend seen in infrastructure, of attracting global capital, applies as much […]
PNGRB cancels GAIL’s license to build Surat-Paradip natural gas pipeline
Petroleum and Natural Gas Regulatory Board (PNGRB) has cancelled GAIL’s license to build Surat-Paradip natural gas pipeline and ordered encashment of its performance bank guarantee after the state firm failed to make progress on the project six years after obtaining license. PNGRB, the downstream regulator, had authorised GAIL to lay Surat-Paradip pipeline in April 2012. […]