Oil Minister Dharmendra Pradhan Monday said there was no question of going back on deregulation of fuel pricing despite the government asking state-owned firms to subsidise petrol and diesel by Re 1 per litre. Speaking at The Energy Forum here, he said international oil prices touching a four-year high of $ 85 per barrel is […]
Day: October 8, 2018
Govt’s decision to reduce fuel prices credit negative for OMCs: Moody’s
The government’s decision last week to reduce fuel prices through a mix of state and centre tax cuts and price cuts taken by oil marketing companies (OMCs) may have far-flung impact on the domestic oil industry, according to a Moody’s report. The immediate impact, according to the rating agency’s note would be a credit negative […]
L&T Construction bags orders worth Rs 18.81 bn from India, Kuwait, Egypt
Larsen & Toubro (L&T) Monday said the power transmission and distribution business of its arm L&T Construction has bagged orders worth Rs 18.81 billion in the domestic and international markets. “The business has secured major orders for constructing 22 132/11kV substations in Kuwait,” the engineering and construction major said in a BSE filing. Additional orders […]
Bengaluru airport to introduce automated passenger screening solutions
The Bangalore International Airport Limited (BIAL), which operates the Kempegowda International Airport in Bengaluru, will soon introduce automated passenger screening systems to reduce wait time for people at security check-points. This will also enable families to be screened together. BIAL has collaborated with L3 Macdonald Humfrey (Automation) India Pvt. Limited, a UK-headquartered technology developer, to […]
NDA pips UPA-II in building roads, but most are 2 lanes
Construction of national highways (NHs) in NDA’s over four-year rule has risen by 26% at 31,000 km compared to UPA-2’s 24,425 km in five years. However, under both the governments, most of the work was linked to strengthening and widening of existing highways to two lanes. Highway ministry officials said the construction figure for NDA’s […]