The Asian Development Bank (ADB) has agreed to finance additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank (AIIB) that will connect with an ADB-financed Green Energy Corridor and Grid Strengthening Project in India. In support of the Indian government’s Green Energy Corridor initiative, ADB’s Board of Directors approved in December […]
Day: September 28, 2017
Oil steadies as North Iraq, Kurdish pipeline stays open
Oil prices steadied on Thursday, taking a breather after gains spurred by rising tension in northern Iraq following the semi-autonomous Kurdistan region’s vote for independence in a referendum. Brent crude oil was unchanged at $57.90 a barrel by 0850 GMT. It hit a more than two-year high of $59.49 on Tuesday after Monday’s referendum vote […]
RIL outbids rival GAIL to buy its own coal-bed gas until March 2021
Reliance Industries has outbid rivals, including state-owned GAIL India, to buy the entire volume of natural gas from its own coal seam blocks until March 2021. In May, RIL had become the first buyer of gas it produced from its own coal bed methane (CBM) block in Madhya Pradesh after agreeing to pay the highest […]
ONGC may sell IOC, GAIL stakes to fund HPCL acquisition
State-owned Oil and Natural Gas Corp may sell some of its stake in Indian Oil Corp and gas utility GAIL India to part fund its over Rs 32,000 crore acquisition of refiner HPCL, Chairman DK Sarraf said. ONGC holds 13.77 per cent stake in India’s biggest refiner IOC, which at today’s market price is worth […]
Budget airline Thai Lion Air connects Mumbai with Bangkok
Budget carrier Thai Lion Air launched flights connecting Mumbai with Don Mueang International Airport in Bangkok on Thursday, an official said. The inaugurated flight arrived here at 5.40 a.m. Initially, the carrier will operate two flights a week with Boeing 737 aircraft with plans to increase the frequency to thrice a week, said an official […]
Airports Authority of India Released National Register, 2017
The Airports Authority of India (AAI) which is managing 126 airports (including Civil Enclaves) have taken up the onerous task of preparing a comprehensive National Register containing details of all Civil Airports and Airstrips in the country and the work carried out is first of its kind. The National Register 2017 contains details pertaining to […]