Under the first pilot scheme for reviving stressed thermal power projects without power sale contracts, four states namely Bihar, West Bengal, Telangana and Tamil Nadu have agreed to procure power for medium term (3 years) from these projects. The ministry of power in April this year launched a pilot scheme for procurement of aggregate power […]
Coal India Ltd on Wednesday maintained that its production target would be 652 million tonne for fiscal 2018-19, even as the government embarks on an OFS programme to sell 3 per cent stake in the mining behemoth. The Centre’s two-day offer for sale (OFS) at a floor price of Rs 266 a piece opened for […]
European planemaker Airbus maintained its key target for jet deliveries on Wednesday, but warned reaching it would be a “greater stretch” after a sequence of industrial problems. The cautious tone on deliveries, which drive revenues and profits, came despite higher than expected third-quarter core earnings at Europe’s largest aerospace group. The maker of jetliners, satellites […]
GE Power India Wednesday said it has bagged orders worth Rs 17.83 crore from NTPC for installation of air quality control systems at four of its power plants. The four power plant projects are Solapur Super Thermal Power Project – 2×660 MW, Tanda Super Thermal Power Project Stage II – 2×660 MW, Feroze Gandhi Unchahar […]
Delhi Airport Expansion: The Indira Gandhi International (IGI) airport in Delhi, which is now among the 20 busiest airports in the world and is one of the fastest growing major airports over the last four years is all set for a major expansion. Recently, I Prabhakar Rao, Executive Director, GMR Airports stated that the expansion […]
An earlier plea moved by the beleaguered Infrastructure Leasing and Financial Services (IL&FS) for restructuring under the Companies Act will be withdrawn in the coming days. On Wednesday, the National Company Law Tribunal (NCLT) in Mumbai granted permission to IL&FS to withdraw its petition moved under Section 230 of the Companies Act on September 25. […]
India will need around USD 4.5 trillion till 2040 for development of infrastructure sector in the country, Niti Aayog CEO Amitabh Kant said Wednesday. Kant further said that there is an urgent need to restructure entire existing public private partnership (PPP) framework as there are delays in completion of infrastructure projects due to disputes. “India […]
The Mumbai airport lounge has refused complimentary access to Jet Airways passengers over airline’s unpaid dues. The action came after rate negotiations between Jet Airways and the lounge operator failed. Jet Airways did not respond to query on the issue but airline sources complained of high user fees at the lounge and monopolistic practices at […]
Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some of their recent losses. Benchmark Brent crude oil was up 80 cents at $76.71 a barrel by 0840 GMT. The contract fell 1.8 percent on Tuesday, […]
India has reached out to UK-based investors to attract international public-private-partnerships (PPP) in the country’s oil and gas sector with a roadshow in London.
UP-ites will have a reason to smile this Diwali as piped natural gas (PNG) will cost less with the state government rationalising Value Added Tax on natural gas and approving a proposal to set up common facility centres at all districts under One District, One Product (ODOP) scheme.
Chief Minister Naveen Patnaik on Tuesday launched a ‘Soura Jalanidhi’ scheme and its web portal at the State Secretariat here with an aim of encouraging use of solar energy in agriculture.