India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer’s oil exports to Asia last month, said a person with knowledge of the country’s tanker loading schedule. Asian buyers were scheduled to lift 1.92 million barrels per day (bpd) of Iranian crude […]
Day: January 16, 2018
HOEC expects production to go up to 25,000 barrels oil equivalent in 5 yrs
Hindustan Oil Exploration Company (HOEC) is expecting its production to go up from 500 barrels of oil equivalent during 2015 to around 8,000 barrels during the current fiscal year, backed by the growing production in its Assam facility. The company, which has been facing crisis after shutting down one of its facility in 2011, is […]
Husk Power raises $20 mn for its mini-grid business
Husk Power Systems said today that it has raised USD 20 million (over Rs 127 crore) to scale its renewable mini-grid business both in Asia and Africa. The USD 20 million equity investment has been made by “Shell Technology Ventures LLC, Swedish development finance institution Swedfund International and ENGIE Rassembleursd’ Energies, ENGIE group’s impact investment […]
SpiceJet to explore sea-plane manufacturing in West Bengal
Private low-cost carrier SpiceJet would explore the possibility of manufacturing sea-planes in West Bengal, its chairman Ajay Singh said. He said the company would also start flights from the greenfield airport at Andal near Durgapur and also starting flights from Kolkata to Chittagong. Speaking at the Bengal Global Business Summit 2018 here today, Singh said […]
Pay Rs 570 on Lucknow-Agra expressway from January 20
Brace up to shell out Rs 570 for using the Lucknow-Agra expressway from January 20. Announcing the toll for the 302-km expressway connecting Lucknow and Agra, the UP Expressway and Industrial Develoment Authority (UPEIDA) said on Monday that the toll had been fixed after giving a 25% rebate. The Rs 570 toll (for cars and […]