BHOPAL: The Centre and the Madhya Pradesh government today discussed the possiblity of PSUs setting up steel and power plants as well as developing mines in the state. The proposals were discussed at a meeting between Steel and Mines Minister Narendra Singh Tomar and Madhya Pradesh Chief Minister Shivraj Singh Chouhan. The proposals from various […]
Day: June 10, 2015
Essel Group ME to invest in portfolios of African oil and gas exploration projects
Essel Group Middle East, has signed an agreement for acquiring 60 per cent participating interest in the portfolio of African oil and gas exploration projects owned by Simba Energy Inc, a Canadian publicly traded oil and gas company. The Essel Group ME is a wholly owned subsidiary of Essel Group India. “Essel Group (Middle East) […]
DGCA warns AI not to operate flights with less crew by declaring aircraft door unservicable
NEW DELHI: Air India’s practice of ‘circumventing’ a basic safety rule that each flight must have as many cabin crew as the number of doors in an aircraft by declaring a perfectly fine door unserviceable and then operating with lesser-than-required airhostesses has been red flagged by the aviation regulator. The reason for framing this rule […]
Government approves Rs 4,721 cr road projects in Madhya Pradesh, Telangana
The government today approved Rs 4,720.92 crore highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP. Both the projects were approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, an official statement said. The CCEA “has given its approval for development of the four […]
CCEA approves development of four laning of Guna-Biaora, Biaora-Dewas section of NH 3 in MP
New delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the development of the four laning of the Guna-Biaora and Biaora-Dewas section of National Highway Three in Madhya Pradesh at a cost of Rs. 2815.69 crore. This work will be under the National Highways Development Project […]
IOC in talks to buy Tamil Nadu Petrochemical plant
India’s Fortune 500 firm, Indian Oil Corporation has hit Deal Street, scouting around for an acquisition in the petrochemicals segment, three people familiar with the development told ET NOW. “As part of a consolidation exercise, IOC has initiated talks to buy out the LAB (Linear Alkyl Benezene) plant of South India-based Tamil Nadu Petro Products. […]
Japan’s refinery utilisation rate falls to 2-year low
Japan’s refinery utilisation rate tumbled by 7.9 percentage points in the week ended June 6 to a two-year low of 65.4 percent, industry data showed on Wednesday, as seasonal maintenance kicked in, along with an unplanned shutdown after a fire. The run rate in June is typically one of the lowest throughout the year due […]
Malaysian Airlines to become an ‘entirely new company’
Malaysian Airlines boss Christoph Mueller has announced that the airlines will now become an “entirely new company” which may involve 6,000 job cuts. According to the BBC, Mueller had earlier announced that the airline was “technically bankrupt”. He said that the airline expected no further bad news “particularly for our new employees”. He also claimed […]
Andhra Pradesh,Telangana seek green nod for 1400 MW power projects from MoEF
HYDERBAD: State-owned power producers of Andhra Pradesh and Telangana have separately approached the Ministry of Environment and Forests (MoEF) seeking clearance for the expansion of power projects in their respective states. According to the minutes of the meetings of Expert Appraisal Committee (EAC) of MoEF, the Andhra Pradesh Power Development Company (APPDCL) sought green approval […]
Rajasthan to auction 10 lignite blocks in FY16 for power generation
Rajasthan is likely to auction 10 lignite blocks this fiscal as it plans to enhance power generation capacity in the state as well as utilise its rich mineral resources to increase revenue. Besides, the state — considered a major player in mineral production — will also auction seven limestone blocks, most likely by September, for […]
SMA Solar, Siemens enter cooperation in large solar power plants
Germany’s top solar company SMA Solar and engineering giant Siemens have formed a partnership to offer large-scale photovoltaic plants, SMA said on Wednesday. SMA Solar, whose shares were indicated 6.9 percent higher following the announcement, said it would offer solar inverters, needed to feed solar-generated power into the energy grid, while Siemens will contribute transformers […]