Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
Massachusetts, Rhode Island and Connecticut receive proposals for offshore wind projects Massachusetts, Rhode Island and Connecticut received proposals Wednesday for offshore wind projects as the three East Coast states hope to boost their reliance on the renewable energy source. The three states joined in a historic agreement that allows for potential coordinated selection of offshore wind projects. Massachusetts received bids from Avangrid Renewables, South Coast Wind […]
Coal India’s supplies to thermal power plants hits 610.8 MTs, breaches FY24 target Coal India (CIL) on Thursday announced that its coal supplies to thermal power plants of the country hit 610.8 million tonnes (MTs) on Wednesday surpassing the annual target of 610 MTs to this sector. “This was the highest to date and the company achieved the feat four days earlier than the FY 2024 closure,” CIL […]
GAIL to commission its first green hydrogen project in April, sources say State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]
Kenya Airways reports first operating profit in seven years Kenya’s troubled flag carrier Kenya Airways said Tuesday it had recorded an operating profit in 2023, its first in seven years. The figure of 10.5 billion Kenyan shillings (about $80 million) for the year ended December 31 represents a sharp turnaround from an operating loss of 5.6 billion shillings in 2022, with chairman Michael Joseph […]
BRO connects strategic Nimmu-Padam-Darcha road in Ladakh Border Roads Organisation (BRO) connected the strategic Nimmu-Padam-Darcha road in Ladakh on March 25. This 298-km road will connect Manali to Leh through Darcha and Nimmu on Kargil–Leh highway. The road is now the third axis apart from Manali-Leh and Srinagar-Leh which connects Ladakh to the hinterland, the Ministry of Defence said in a press […]
DMRC seeks 302 crore as Covid loss compensation from UP DMRC has written to UP govt, asking for Rs 302 crore as compensation for revenue losses on the Red Line during the two pandemic years (2020-2022). Govt has asked GDA to look into the demand. In response, GDA chairperson Atul Vats commented that the compensation demand is “illogical” and since DMRC doesn’t share profits, there […]
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SpiceJet gets fresh lifeline: Mumbai-based business couple Harihara and Preeti Mahapatra to invest Rs 1,100 crore