Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U.S. output continued to weigh on markets. U.S. West Texas Intermediate (WTI) crude futures were at $63.69 a barrel at 0744 GMT, up 15 cents, or 0.2 percent, from their previous close. Brent crude futures were at […]
Day: March 21, 2018
IOC starts doorstep delivery of diesel
State-owned Indian Oil Corp (IOC) has launched home-delivery of diesel on a pilot basis in Pune and plans to expand doorstep delivery of the fuel to other parts of the country in near future, its Chairman Sanjiv Singh said today. The country’s biggest oil company has mounted a diesel dispenser, similar to the one seen […]
Gujarat Industries Power Co issue LoI to Bhel for 75 MW solar power project
Gujarat Industries Power Co has issued a Letter of Intent dated 19 March 2018 to Bharat Heavy Electricals (BHEL) for Design, Engineering, Supply & Procurement, Construction, Erection, Testing, Commissioning and Operation & Maintenance (O&M) of 75 MW (AC) Solar Power Project at Gujarat Solar Park, Charanka, Dist: Patan in Gujarat, on Engineering, Procurement and Construction […]
Price realisation of coal by CIL via FSA dips 3.4% in Q3
Average price realisation of coal sold by CIL through fuel supply pacts fell 3.4 per cent to Rs 1,182 per tonne in October-December in comparison to the previous quarter, Parliament was informed today. “Average price realisation of coal sold by CIL(Coal India)through Fuel Supply Agreement (FSA) for the quarters ended December 31, 2017 and September […]
11 mines allotted to Coal India to add 225 MT in annual output
Allocation of 11 mines to Coal India (CIL) arms – ECL, WCL and BCCL – will enhance its annual output by 225 million tonnes (MT), Parliament was informed today. CIL has requested the government for allotment of additional coal mines to Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL) […]
BHEL inks tech pact with Korea-based HLB Power
State-run power equipment maker BHEL today said it has entered into a technology collaboration agreement (TCA) with HLB Power, Republic of Korea. The collaboration is for in-house design and manufacture of large size gates and dampers for use in coal fired power plants, to be commissioned or retrofitted with high capacity emission control equipment, a […]
BERC announces five pc power tariff hike in Bihar
The Bihar Electricity Regulatory Commission (BERC) today announced an average five per cent power tariff hike for 2018-19 fiscal. The Commission has increased 40 to 60 paise per unit in the electricity tariff rate across all categories that includes rural, urban, commercial and industrial consumers. A senior energy department official said the state government would […]
Suzlon makes country’s longest wind turbine blade
Renewable energy solutions provider Suzlon Group today said it has designed and manufactured the country’s longest wind turbine blade at its Padubidri rotor blade unit. The advanced blade (SB 63) measures 63 metres in length and has been specifically developed for Suzlon’s new S128 wind turbine family with a rotor diameter of 128 metres, 1.5 […]
Tender for 10 mn prepaid meters attracts 12 bidders, large players keep out
The first and the largest tender for procuring 10 million prepaid meters, saw 12 bidders submitting interest for participating in the reverse bidding. However, the leading three large players in the industry – Landis Gyr India, Secure Meters and HPL India have not joined the race, citing regulatory and security concerns. Among the ones who […]
Godrej Aerospace expands tie-up with Rolls-Royce, wins Rs 200 crore contract
Godrej Aerospace, a unit of Godrej & Boyce, has expanded its partnership with aerospace major Rolls-Royce by bagging a Rs 200-crore contract which will involve the group investing Rs 50 crore in a new facility. The company also announced the inauguration of a Rs 50-crore centre of excellence in the city today, which will further […]
Sadbhav Infra bags 2 road projects worth Rs 1,567.92 cr from NHAI
Sadbhav Infrastructure Project has bagged two road projects worth Rs 1,567.92 crore from NHAI in Gujarat and Andhra Pradesh. “The company has received letter of award from National Highways Authority of India (NHAI) for new hybrid annuity project in Andhra Pradesh. Project bid price is Rs 520.3 crore,” Sadbhav Infrastructure Project said in a BSE […]