State-run power equipment maker Bharat Heavy Electricals Limited (BHEL) has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017. The company had reported a standalone net profit of Rs 77.77 crore for the quarter ended June 30, 2016, BHEL said in a BSE […]
Day: August 10, 2017
All households to be electrified before 2022: Piyush Goyal
All households in the country will be electrified before August 15, 2022 and all villages before May next year, the Lok Sabha was informed today. Power minister Piyush Goyal said the government has set a deadline of August 15, 2022 for electrification of all households in the country and May 2018 for the electrification of […]
India set to unveil new biofuel policy in bid to cut oil, gas, coal imports: Minister
India will soon announce a new policy to promote biofuels as part of efforts by the world’s third-largest emitter of greenhouse gases to cut imports of fossil fuels like oil, gas and coal, a government minister said on Thursday. The government aims to develop a biofuel economy worth 1 trillion rupees ($15.6 billion) in the […]
Oil rises as inventory overhang erodes and Saudi cuts exports
Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. Crude is down nearly 7 percent so far this year, suppressed in large part by concern that OPEC and its partners may not be able to force global oil […]
Adani picks funding advisor for giant Australia coal mine: sources
Adani Enterprises has appointed corporate finance firm Grant Samuel to advise on funding for its multi-billion dollar coal mine in the Australian outback, two sources with knowledge of the matter said on Thursday. Analysts have raised doubts about whether Adani can fund what would be Australia’s biggest coal mine given opposition from green groups and […]
Coal India Ltd plans to shut about 100 unprofitable mines
Coal India will shut nearly 100 unprofitable mines over the next two-three years.Of this, 37 will close operations this year. Last year, Coal India closed down over 15 mines. A recent study showed that about 15 mines are highly profitable and 90 others can be made profitable. “We have engaged Indian School of Mines and […]
UDAN provides new hope for defence airports in Bengaluru
The Civil Aviation Ministry’s aggressive promotion of the regional connectivity scheme (UDAN) is providing some hope for defence airports in Bengaluru and Bidar to resume operations for small passenger aircraft. The recent “no-objection“ from the Bangalore International Airport (BIAL) board to the Hosur airport in Tamil Nadu to operate five flights a week is being […]