Daily Archives: July 2, 2018

ONGC gives in-principle approval for restructuring of group companies

The Board of Oil & Natural Gas Corpn has accorded its in-principle approval for exploring options for restructuring of ONGC group companies. Hon’ble Minister of Finance, Government of India, in the budget 2017-18, had announced the proposal for creating public sector ‘oil major’ which will be able to match the performance of international and domestic

Cloudburst in U’khand, Seraghat Hydro Power project damaged

A cloudburst hit Munsiari’s Balati area in Uttarakhand’s Pithoragarh town on Monday and damaged Seraghat Hydro Power Project. The damaged Hydro Power Project is likely to cause a flood-like situation in the nearby region as the dam water has entered shops and houses, causing damage to property. However, no casualties have been reported so far.

Coal India’s supply to power plants up 15% in April-June period

Coal supply to the power sector by state-owned CIL increased 15 per cent to 122.8 million tonnes (MT) during April-June of 2018-19 financial year, the company said on Monday. The increase in fuel supplies comes at a time when some regions, including the national capital, are facing power shortage due to fast depleting coal stockpiles

Airbus is said to miss A320neo goal on Pratt engine troubles

Airbus SE will miss its delivery target for Pratt & Whitney-powered A320neo narrow-body jets this year, after problems with the engines caused an almost three-month halt in shipments, people familiar with the matter said. The Toulouse, France-based planemaker expects to deliver 30 to 40 fewer of the aircraft than previously anticipated, according to one of

NTPC power generation up 7.45 pc in April-June at 69.2 BU

State-run power giant NTPC today said it has recorded its highest quarterly power generation of 69.2 billion units (BU) in April-June this fiscal which is 7.45 per cent more than that in the year-ago period. “NTPC has achieved highest quarterly generation of 69.2 BU against the previous highest of 68.6 BU (in Q4 or January-March

Oil falls as Saudi, Russian output rises

Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States. Benchmark Brent crude oil fell $1.24 a barrel to a low of $77.99 before recovering to around $78.50, down 73 cents, by 0935 GMT. U.S. light crude

NABARD sanctions over Rs 735 cr for Bengal for rural infra projects

NABARD on Monday said it has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects. They include six solar power, one medium irrigation, five minor irrigation and 12 flood protection projects, besides 57 projects for

NHAI to buy back 20 roads projects for Rs 8,200 crore

The National Highways Authority of India (NHAI) will buyback 20 National Highway and another 19 state highway projects totalling about 3,160 kilometers which are managed by private players. The projects that have been identified include the much-delayed Muzaffarnagar-Haridwar and Ambala-Chandigarh stretches in north India and Tada-Nallore highway in Andhra Pradesh and Salem-Namakkal in Tamil Nadu.

Tata Power commissions 100 MW solar power capacity in AP

Tata Power today said its subsidiary Tata Power Renewable Energy (TPREL) has commissioned 100 megawatt (MW) capacity at the Anthapuramu solar park in Andhra Pradesh. With this, the overall operating renewable capacity of TPREL in the country now stands at 2,215 MW, the company said in a statement. This project is part of the Ministry

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