Oil prices were steady on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to more crude oil processing. International benchmark Brent crude was down 4 cents, or 0.07 percent, at $53.80 per barrel by 0655 GMT from the […]
Day: September 12, 2017
GAIL swaps 60% of US LNG volumes: Chairman B C Tripathi
State-owned GAIL India on Tuesday said it has swapped 60 per cent of the 5.8 million tonnes per annum of liquefied natural gas (LNG) it has contracted from the US as it rejigs supply portfolio in line with domestic demand. GAIL Chairman and Managing Director B C Tripathi said the company sold a “major chunk” […]
Power plants step up buying natural gas after coal shortage
Power utilities like state-owned NTPC have stepped up natural gas buying in last few days to make up for acute coal shortage at a dozen electricity generation plants in the country. “In last couple of days, 10 million standard cubic meters per day of additional gas has been purchased by power companies,” said B C […]
GMR eyes airport projects in Europe, South East Asia and East Asia
GMR Group, which operates three airports in India and abroad, is eyeing projects in South East Asia, East Asia and Eastern European countries besides looking for operations and maintenance of Jaipur and Ahmedabad aerodromes. “Airport business, going forward, can be a significant growth engine for the group. In line with our growth strategy, the Group […]
Air India union opposes DGCA’s alcohol test warning, question suspension
The Indian Commercial Pilots’ Association (ICPA) on Monday penned a letter to the Directorate General of Civil Aviation (DGCA) seeking a clarification on the suspension of suspending licences of 132 pilots and 400 cabin crew of Air India. Earlier, the DGCA had found 132 pilots and 434 cabin crew of Air India to have allegedly […]
Will wrap up Rajasthan power plant deal in 1-2 months: NTPC
Power generation major NTPC Ltd will complete the takeover of the first phase of Chhabra Thermal Power Plant (1,000 MW) of Rajasthan government in ‘a month or two’ at an estimated cost of Rs 4,000 crore, a top company official said today. “We are taking over Chhabra power plant from Rajasthan government and the deal […]