Bajaj Hindusthan Sugar plans to sell its entire 17.51 per cent stake in the group firm Lalitpur Power Generation Company Ltd (LPGCL), estimated to be worth Rs 11 billion. The company had invested Rs 7.7 billion in LPGCL and now needs to divest non-core assets as per the debt restructuring scheme approved by the lenders. […]
India’s oil imports from Iran declined by 15.9 per cent in June, the first month after the United States said it would reimpose sanctions on the country, according to data from shipping and industry sources. In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May, the […]
Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China. The spectre of tariffs on a further $200 billion worth of Chinese goods sent commodities lower along with stock markets, as trade tensions between the world’s two […]
Tata Power Renewable Energy (TPREL) has bagged an order from Karnataka to develop 250 MW solar project in the state’s Tumkur district. The project will be set up at Pavagada Solar Park in Tumkur and the energy will be supplied to the state discoms under a power purchase agreement (PPA) valid for 25 years, Tata […]
Oil major Indian Oil Corporation Limited (IOCL) will invest Rs 36.63 billion for laying two pipelines originating from Odisha under the aegis of South Eastern Region Pipelines (SERPL). The oil PSU will lay the Paradip – Hyderabad pipeline line (PHPL) to evacuate products like motor spirits, high-speed diesel, kerosene and aviation turbine fuel (ATF) from […]
Within 10 days of the launch of the Madhya Pradesh government’s subsidised power scheme and outstanding power bill waiver scheme, over 3.8 million people have registered themselves to avail the benefits, an official said on Wednesday. According to the Mukhyamantri Jan Kalyan (Sambal) Yojana 2018 (subsidised power scheme), labourers falling under the unorganised sector in […]
GMR group, which is looking to bid for operations and Maintenance contract of Clark International Airport in the Philippines has been disqualified as it does not have required ranking by SkyTrax, an international air transport rating organisation. GMR along with its Philippines partner Megawide Construction Corporation won the EPC contract for the Clark Airport. “We […]
Vistara on Wednesday announced placing orders for a total of 19 Airbus and Boeing aircraft worth USD 3.1 billion (approx Rs 21,344 crore), as the carrier embarks on ambitious expansion plans, including flying overseas.
Punjab State Power Corporation Ltd (PSPCL) has supplied the maximum ever power demand of 12,542 mW and supplied 2,675 Lakh Units (LUs) of energy on July 9 in the ongoing paddy transplanting season. With this the corporation has surpassed its previous record high supply on July 11, 2017 when a maximum demand of 11705 MW […]
Citing surplus power availability in the state, the Odisha government told the Centre last week that it wants to back out from the power purchase agreements (PPAs) signed with the under-construction power plants of NTPC Ltd.
American Airlines says it will stop using plastic straws and drink stirs and replace them with biodegradable alternatives. American said Tuesday that starting this month in its airport lounges it will serve drinks with straw and wood stir sticks and begin moving to what it called eco-friendly flatware.
Tata Sons and Singapore Airlines joint venture Vistara has entered into a deal with aerospace majors Airbus and Boeing for 13 A320 neo aircraft and six B787-9 Dreamliners, the airline announced on Wednesday. Both deals are together valued at $3.1 billion.