New Delhi : Power generation machinery maker BHEL has bagged its largest order amounting to Rs 17,950 crore from Telangana State Power Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri. The project valued at Rs 17,950 crore is one of the highest orders ever placed in the capital goods sector in […]
Month: June 2015
Azure Power commissions 10 MW solar plant in Chhattisgarh
NEW DELHI: Azure Power today said that it has commissioned a solar power plant of 10 MW capacity in Durg, Chhattisgarh. “Azure Power has commissioned the first large scale solar plant of 10 MW capacity in Durg, Chhattisgarh,” the company said in a press release. According to statement, Azure won this project under the Chhasttisgarh […]
Jet Airways announces 30% discount on international flights
NEW DELHI: Jet Airways today announced a 30% discount on base fares on all international flights for Premiere and Economy travel undertaken on and from September 14, 2015. “The offer for sale is effective from June 01, 2015 through to June 04, 2015, and valid for travel from September 14, 2015 onwards,” said a release […]
ONGC to invest Rs 5,000 cr in CBM blocks; drops plan to get partners
Mumbai: After failing to get private partners to develop four of its coal bed methane (CBM) blocks twice, Oil and Natural Gas Corporation has now decided to go ahead and explore these blocks on its own at an investment of Rs 5,000 crore. D K Sarraf, chairman and managing director ONGC said, “We have decided […]
Renewable purchase obligations applicable to captive power consumers justified, rules SC
NEW DELHI: The Supreme Court ruled that renewable purchase obligations applicable to captive power consumers are justified. The order came in the case between Hindustan Zinc and Rajasthan Electricity Regulatory Commission. In August 2012, the Rajasthan High Court had dismissed an appeal by Hindustan Zinc, Ambuja Cements, Grasim Industries and 14 other companies that challenged […]
French fund made up of 6 insurers buys stake in Zodiac Aerospace
PARIS: A French investment fund made up of six insurers has agreed to buy 350 million euros in shares of Zodiac Aerospace, said the fund and the company in separate statements. Fonds Strategique de Participations includes BNP Paribas Cardif, CNP Assurances, Credit Agricole Assurances, Sogecap which is part of Societe Generale, as well as two […]
Sadbhav Engineering-led JV bags Rs 454-cr road proj in Punjab
New Delhi : A Sadbhav Engineering-led JV today said it has bagged a road project worth Rs 454 crore from the Punjab government. “Joint venture led by the company has been awarded the project/work by the Ministry of Road Transport & Highways State Public Works Department B&R Branch, Government of Punjab, in the name of […]
BHEL wins Rs 369-cr order to revive NTPC’s Barh project
New Delhi : State-owned BHEL today said it has bagged a Rs 369-crore order for supply and installation of a power cycle piping (PCP) package for Barh project of NTPC. “Bharat Heavy Electricals Limited (BHEL) has bagged a contract for supply and installation of a PCP package for Barh Super Thermal Power Project (STPP), stage-I […]
Axe to swing as Malaysia Airlines tries to start fresh
KUALA LUMPUR: Troubled Malaysia Airlines today laid out plans for an across-the-board “hard reset” of the way the carrier is run that will see around 6,000 jobs cut as it struggles to stay in business. The bullet-point blueprint, released by email, marks the first concrete move by new CEO Christoph Mueller, a German national who […]
Why Saudi Arabia is pumping more & more barrels of oil, despite weak prices
HOUSTON – The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production to raise prices. But Saudi Arabia, the heavyweight of OPEC, has a new agenda. It is now less concerned about the price of crude oil in the global markets and more […]
Aviation turbine fuel price hiked by 7.5 per cent, non-subsidised LPG by Rs 10.50
NEW DELHI: Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates. Price of aviation turbine fuel (ATF), or jet fuel, in Delhi was raised by Rs 3,744.08 per kilolitre (kl), or 7.54 per […]
Accused approaches judge in coal scam case, warned by court
New Delhi : One of the accused in the coal scam case and associated with the industrial Group of Congress leader Naveen Jindal allegedly tried more than once to approach the special judge, who warned against such misdemeanours in future. During the hearing today, senior advocate Hariharan, who appeared for Jindal, told the court that […]