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 […]
Month: October 2018
CIL maintains 652mn tn output aim in FY19; govt’s OFS opens
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 […]
Despite Q3 profit, Airbus cautious on jet delivery target after snags
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 bags Rs 17.83-bn order for air quality control systems from NTPC
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’s IGI Airport: From fourth runway to world-class T4, all you need to know about the big expansion plan
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 […]
IL&FS to withdraw plea by previous board seeking restructuring option
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the beleaguered Infrastructure Leasing and Financial Services (IL&FS) for restructuring under the Companies Act will be withdrawn in the coming days.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 USD 4.5 trillion till 2040 for infra development: Kant
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 […]
Jet Airways passengers lose complimentary lounge access at Mumbai airport
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 rises 1 percent ahead of U.S. sanctions on Iran
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, […]
BIAL announces 7 new routes in its winter schedule
Bangalore International Airport Limited (BIAL) – operator of the Kempegowda International Airport, Bengaluru – has announced of launching seven new routes and the addition of two airlines during the Winter Schedule 2018, commencing October 28. This five-month schedule will be in effect until March 30th, 2019. Phuket is the new international destination, with Go Air […]
Global LNG: Asian spot prices drop to over two-month low on higher supply
Asian spot prices for liquefied natural gas fell to an over two-month low this week amid increased supply and lower demand especially in Japan which is expecting a warmer-than-usual winter and the restart of nuclear reactors. High freight rates are also weighing on Asian demand, with deliveries of LNG heading to northwest Europe instead. December […]
India expects to double gas production by 2022: Officials
India expects to double its natural gas production by 2022 as it seeks to reduce its reliance on imports into the country and to meet an anticipated surge in domestic demand, government officials said on Friday. India is expected to double its gas production to over 60 billion cubic metre (bcm) from the current 33 […]