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 […]
Sterling and Wilson Renewable soars 10% as it logs profit after 12 quarters Shares of Sterling and Wilson Renewable Energy (SWREL) soared 10 per cent to Rs 616.90 on the BSE in Monday’s intra-day. This came after the company’s March quarter (Q4FY24) profit before tax (PBT) and profit after tax (PAT) turned positive after nearly 12 quarters. The company reported PAT of Rs 1 crore in Q4FY24, against […]
NALCO posts record cast metal production at 4.63 lakh metric tonne in FY24 State-owned NALCO has made a record production of cast metal at 4,63,428 metric tonne during the financial year 2023-24. The company has also made its highest-ever metal sales of 4,70,108 metric tonne during the fiscal ended March 31, it said in a statement on Tuesday. The excavation of bauxite reached a record high of 7,600,230 […]
TotalEnergies signs deal with Oman to build LNG hub, eyes marine fuel mkt Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday. TotalEnergies, which owns 5.54 per cent of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate […]
Govt looking at differentiated regulatory framework for civilian, industrial use drones The civil aviation ministry will look at having a differentiated regulatory framework for drones used for civilian and industrial purposes, a senior official said on Tuesday as he pitched for indigenous development of the drone ecosystem. Civil Aviation Secretary Vumlunmang Vualnam also emphasised that the government will make efforts to promote drones as well as […]
IRB Infra Trust SPVs make payment of Rs 6,111 cr to NHAI for TOT projects IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]
Indian Railways to run 43% more trains to combat the summer rush Amid severe criticism of the Indian Railways this week, the ministry of railways said on Friday that the national transporter is running 43 per cent more trips than the summer of 2023 to ensure that passenger convenience is not compromised. Over the past few days, numerous videos have surfaced on social media, showing the plight […]
SC issues notice to JKC and Jet Airways on SBI-led consortium’s petition challenging NCLAT’s March order
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More high-speed national highway corridors soon! Government looks to increase average speed to 85 kmph
Coal supply by CIL to power sector rises 7.3% to 407 MT Coal, Live Mint, Newspapers February 7, 2019 Neha Kumari The government Wednesday said coal supply by state-owned CIL to the power sector increased 7.3% to 407 million tonne (MT) in the current fiscal till February 4. Sharing Facebook Twitter LinkedIn Email Print