The Cochin International Airport Ltd (CIAL) on Wednesday commenced normal operations after a two-week closure due to floods in Kerala. It was shut on August 15 after the airport was flooded, causing widespread damage to infrastructure. The first aircraft, a domestic flight, touched down at 2 p.m. on Wednesday, airport officials said. CIAL authorities said […]
Month: August 2018
Government puts restrictions on export of bio-fuels
The government today imposed restrictions on export of bio-fuels within days of putting similar conditions for its imports. A licence is required for both exports and imports of bio-fuels. Bio-fuels include ethyl alcohol, petroleum oil and oils obtained from bituminous minerals, bio-diesel and mixtures. Earlier exports of these items were allowed without any restrictions. “Export […]
IOC to invest Rs 286 cr to expand LPG bottling output in Northeast India by 2020
Public sector undertaking Indian Oil Corporation will invest over Rs 286 crore to enhance its LPG bottling capacity, including setting up of two greenfield plants, in North East by 2020. The company is establishing two new facilities at Agartala in Tripura and Barapani in Meghalaya at a total investment of Rs 217.46 crore. “With increase […]
Oil steady on lower Iran exports, rising U.S. supply
Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but held back by evidence of a rise in U.S. inventories. Benchmark Brent crude oil was unchanged at $75.95 a barrel by 0905 GMT. U.S. light crude was 5 cents higher at $68.58 a barrel. […]
Resurgent Power gets LoI to acquire of 75 stake in PPGCL
Tata Power today said its JV Resurgent Power Ventures has got letter of intent (LoI) from the lenders of Prayagraj Power Generation Company (PPGCL) for acquisition of 75.01 per cent stake in the company. PPGCL is a 3X660 MW coal-based power project in Uttar Pradesh. It is the first stressed power asset account resolved by […]
Why passengers may have to take out mobiles, chargers and wallets at airport security check
Planning to fly out of the city? Soon air passengers may have to take out their mobile phones, chargers, wallets and any other electronic items from their handbags for screening at airports. So far, only laptops and tablets were required to be taken out from the bags and kept in trays for screening. According to […]
Adani Group shares gain; Adani Transmission zooms 40% in two days
Shares of Gautam Adani-led Adani Group companies – Adani Transmission, Adani Enterprises, Adani Power and Adani Green Energy – have rallied by up to 17% on the BSE in intra-day trade on Tuesday. Adani Transmission has surged 17% to Rs 237, zooming 40% in the past two trading sessions from Rs 169 on Friday, August […]
GAIL’s online gas portal to boost transparency
The launch of an online portal by GAIL (India), allowing third-party access to its natural gas pipeline network, would ensure transparency and permit companies to understand the infrastructure further, analysts said on Tuesday. GAIL, India’s biggest gas marketing and trading firm, launched an online portal on Monday for companies to book natural gas pipeline capacity. […]
Oil rises to seven-week highs on signs of tighter supply
The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand. Brent crude oil futures were at $76.65 a barrel by 0913 GMT, up 44 cents from their last close and at their highest since July 11, while U.S. […]
Govt, EESL, World Bank sign $300 million pact to boost energy efficiency programme
The government, World Bank and state-owned EESL today inked a USD 220 million loan agreement and a USD 80 million guarantee pact to push energy efficiency programme in India. To be implemented by EESL, the programme will help scale up the deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity, […]
NHAI to popularise FASTags: Soon you may buy them at a petrol pump near you
Betting big on technology for a seamless highway ride, the National Highways Authority of India (NHAI) will soon tie up with oil marketing companies for selling FASTags, as the authority is of the view that easy availability of these tags would lead to greater usage and less congestion on roads. The authority has also received […]
Vedanta bags 41 blocks under India’s first mega oil & gas auction
Vedanta has won exploration licenses for 41 of the 55 oil and gas blocks auctioned in the first round of the open acreage licensing policy, with state-run Oil and Natural Gas Corp winning barely two. Oil India, another state-run oil producer much smaller than ONGC in revenue, managed to win nine blocks while GAIL, Bharat […]