Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising U. S. oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. U. S. oil production last week was 10.27 million barrels per day, a record level if confirmed by monthly figures. Crude exports jumped to more […]
Day: February 23, 2018
SC dismisses IndiGo’s plea against order to shift from T1 to T2 of IGI
The Supreme Court today dismissed a plea of no-frill carrier IndiGo challenging a Delhi High Court order to shift its operations from Terminal-1 (T-1) of the IGI Airport here to Terminal 2. A bench of Chief Justice Dipak Misra and Justice D Y Chandrachud directed the IndiGo Airline to shift its operations partially to T2 […]
After two-fold growth in 2017, solar installations may trip in 2018: Study
Solar installations in India more than doubled to 9,629 Mw during calendar 2017, from 4,313 Mw during 2016, making it the best year for the sector in the country. Cumulative solar capacity stood at 19.6 Gw as of December 31, 2017, backed by large-scale solar projects, which accounted for about 90 per cent, or 8,634 […]
India offers Saudi Arabia stake in second phase of strategic oil reserve
India has offered Saudi Arabia a stake in the second phase of the south Asian nation’s yet-to-be-built strategic oil reserves, Oil Minister Dharmendra Pradhan said in New Delhi on Friday. The government also discussed with Saudi Arabia investment opportunities in a proposed oil refinery with 1.2 million barrels per day of capacity on the west […]
Work has started on Afghan section of gas pipeline to Pakistan, India: Turkmenistan
Turkmenistan on Friday announced the start of construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation to Pakistan and India. Ex-Soviet Turkmenistan holds the world’s fourth-largest natural gas reserves but has been heavily dependent on gas exports to China after Russia cut back […]
Mahindra Aerospace, Canada’s Viking Air sign MoU to manufacture small aircraft
Mahindra Aerospace and Canada’s Viking Air have signed a memorandum of understanding to form a strategic alliance for making smaller aircraft to support regional air connectivity in India. The pact was signed during the ongoing India visit of Canadian Prime Minister, Justin Trudeau, to India. “Under this alliance, Mahindra Aerospace and Viking will work together […]
PNC Infra gets Rs 60 cr bonus for early completion of road project
Infrastructure firm PNC Infratech today said it has received an amount of about Rs 60 crore as bonus from the Uttar Pradesh government for early completion a section on Agra-Lucknow expressway. The scheduled date to complete the 56 km Agra to Firozabad section on the highway was January 28, 2018, PNC Infratech Managing Director Yogesh […]
Road contract monetisation: Firms submit bid for toll-operate-transfer plan
As many as four firms have submitted their bids for the first batch of toll-operate-transfer projects, kick-starting the Union government’s road contract monetisation plan. MAIF 2 Investment India 2 Pte Ltd, Singapore, IRB Infrastructure Developers Ltd, Mumbai, Spice Holding I Pte Ltd, Singapore, and a consortium of Roadies Concessions Infrastructure Holland BV, Netherlands & NIIF […]