The first project under Bharatmala is expected to be awarded by the end of next year as the land acquisition process and detailed project reports for the mega scheme are underway and award of the contract would take place once these aspects are finalised. Union Transport Minister Nitin Gadkari said the project award would take […]
Month: October 2017
ITI lowest bidder for 50 lakh smart meter auction by EESL
State-run ITI Ltd has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was 40-50 per […]
Cabinet approves mega Rs 7-lakh crore project to develop 83,000 km highways in 5 years
In its efforts to give spending push to infra sector and create more jobs, the Union Cabinet today approved mega highway plan to develop about 83,000 km of roads at an investment of Rs 6.9 lakh crore in next 5 years. According to reports, Finance Minister Arun Jaitley is likely to make an announcement regarding […]
Oil prices inch up, support from drop in southern Iraq exports
Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC’s second-biggest producer Iraq and a projected extended fall in U.S. commercial oil stocks. London Brent crude for December delivery was up 10 cents at $57.47 a barrel by 0651 GMT after settling down 38 cents on Monday. U.S. crude […]
Pratt & Whitney inks pact with IndiGo for ATR engine maintenance
Global engine maker Pratt & Whitney (P&W) today said it has entered into an agreement with IndiGo under which it will provide maintenance services to the budget airline’s ATR 72-600 planes’ engine fleet, to be used for regional operations. The two partners signed the pact in August, P&W said in a statement today. The ‘Fleet […]
Saudi Aramco listing on track for 2018, says sovereign wealth fund
Saudi Aramco’s initial public offering is on track to take place next year, Saudi Arabia’s top sovereign wealth fund said on Tuesday. “Everything is on track. 2018 is our target. There is nothing that I know about that can take us off track,” Public Investment Fund Managing Director Yasir al-Rumayyan told a major investment conference […]
BHEL starts execution of Rs 20,400-crore Yadadri plant in Telangana
State-run power equipment maker BHEL on Monday said it has commenced execution of Rs 20,400-crore Yadadri supercritical thermal power project ordered by the Telangana State Power Generation Corporation. “The execution of the 4,000 MW Yadadri Supercritical Thermal Power Project ordered on Bharat Heavy Electricals Limited (BHEL) by Telangana State Power Generation Corporation Limited (TSGENCO) has […]
Coal ministry rejects Nalco’s claim of fuel supply shortage
Rejecting Nalco’s claim that three units of the PSU’s captive power plants were shut due to fuel shortage, the coal ministry on Monday said there is ample dispatch of coal to the PSU which has a regular supply of 4.7 MTPA dry fuel, more than the committed quantity by Coal India. “It is stated that […]
51 bids received for oil & gas exploration under OAL
As many as 51 proposals seeking about 60,000 square kilometre of area for exploration of oil and gas have been bid for in India’s maiden auction under open acreage licensing regime, upstream regulator DGH has said. India in July opened 2.8 million sq km of sedimentary basins for oil and gas exploration in a bid […]
Solar costs to fall further, powering global demand – Irena
Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International Renewable Energy Agency (Irena) said on Monday. Solar power is in the midst of boom because of sharp drops in costs and efficiency improvements, pushing global capacity from virtually zero […]
Rajdhani tickets unconfirmed? Soon you could upgrade to an Air India flight
Passengers with unconfirmed AC-I or AC-II tickets for Rajdhani Express may soon be able to fly to their destination by paying the difference, if any, in the price of the train and air tickets, reports Times of India. The same was talked about last year when Ashwani Lohani was the Air India chairman. However, he […]
Oil market is improving and stabilizing, Saudi oil minister says
The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said, contributed to “the improvement and stability we are seeing in the oil market”. Falih […]