NAGPUR: Maharashtra Governor Ch Vidyasagar Rao today called on the state government to explore unconventional energy from a stretch of 720kms of coastline in the state. He was speaking at the inaugural function of a 324 KW solar power plant set up by Lokmat Media Pvt Ltd today at industrial estate at Butibori, about 25 […]
Day: March 24, 2015
Govt gives vesting order to Essar Power for coal mine in Jharkhand
New Delhi: Essar Power MP limited, a subsidiary of Essar Power, signed the Coal Mine Development and Production Agreement with the government for the Tokisud North coal block in Jharkhand on Tuesday. Essar Power MP, won the coal block in the e-auction of coal mines for Rs 1110 per tonne. The block, which has all […]
Government to allot coal mines to PSUs today
New Delhi: After two rounds of auctioning of coal blocks for private companies, the government will today allot mines to central and state PSUs. “Allotment of coal blocks to state entities to take place today,” Coal Secretary Anil Swarup tweeted. The Coal Ministry had earlier received 107 applications from public sector undertakings (PSUs) like NTPC […]
Government likely to set 550 MT output target for Coal India
NEW DELHI: The government is likely to set production target of 550 million tonnes (MT) for Coal India for next financial year even as it is likely to miss the goal for the current fiscal. “For the next fiscal, it is likely that the government may set a production target of 550 MT,” a source […]
Cairn Energy seeks compensation from India on tax demand
NEW DELHI: Cairn Energy of UK is seeking compensation from the Government of India for the loss in value it suffered due to an “unfair and arbitrary” Rs 10,247 crore tax demand raised using a retrospective tax law. Using the UK-India Investment Treaty, the Edinburgh-based firm filed a formal dispute notice against the tax demand […]
Adani, JSW vie for majority stake in Monnet Power
MUMBAI: GautamAdani-led Adani Group and Sajjan Jindal-owned JSW Group are vying to buy a majority stake and take management control in Delhi-based Monnet Power from Sandeep Jajodia’s Monnet Ispat and Energy for $500 million (over Rs 3,100 crore), edging out Tata Power and an international player from the race, said sources in the know of […]
Baggage kiosks set to cut airport check-in queues
NEW DELHI: Standing in serpentine queues at check-in counters will soon be history for domestic air travellers. The government has asked airport operators to have kiosks where passengers can on their own drop in their check-in bags by filling details and putting up labels. The concept is modelled on a leading low cost carrier installing […]
Airbus A320 crashes in French Alps; 148 onboard
Paris: An Airbus A320 plane crashed today in the southern French Alps, security sources said. One of the sources said the plane belonged to Germanwings, an affiliate of German airline Lufthansa, travelling between Barcelona and Dusseldorf. There were 142 passengers and six crew members onboard. French PM Francoise Hollande says all are feared dead.
Air China passenger plane makes emergency landing
Beijing: An Air China passenger plane today made an emergency landing in eastern China due to mechanical faults. The flight CA1802 landed in Hefei which is the capital and largest city of Anhui Province. The aircraft coming from Xiamen City in east China’s Fujian Province to Beijing was forced to land in Hefei at 9:17 […]