L&T Hydrocarbon Engineering has bagged an onshore EPC contract from HPCL-Mittal Energy for setting up cracker furnaces at their Bathinda Refinery in Punjab. “L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a significant onshore EPC contract from HPCL-Mittal Energy for setting up 07 cracker furnaces of 1200 KTPA dual […]
Day: July 17, 2018
Jet Airways places additional orders for 737 MAX aircraft
Airline major Jet Airways has placed an additional order for 75 jets of Boeing “737 MAX 8” aircraft during the 2018 Farnborough International Airshow. According to a joint statement issued on Tuesday, the order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing’s Orders and Deliveries website. “Our latest […]
Oil steadies on supply outages, U.S. China trade
Oil prices stabilised on Tuesday as worries over supply disruptions balanced signs of increasing production and potential damage to global growth from the U.S.-China trade dispute. Benchmark Brent crude oil was up 15 cents at $71.99 a barrel by 0920 GMT after earlier falling to $71.35, its lowest since April 17. The contract fell 4.6 […]
Boeing lifts industry demand forecast as air show deals roll on
Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry’s resilience to rising global trade tensions. The world’s biggest planemaker predicted 42,700 industry deliveries over the next two decades, up three percent from its estimate […]
Paradip Port’s Outer Harbour project at bay on sliding coal demand
Paradip Port Trust (PPT), the second largest major port by cargo volumes after Kandla, has decided to keep in abeyance its ‘Outer Harbour’ project. Apart from the project cost of Rs 87.67 billion, an additional investment of Rs 35 billion was needed to firm up railway connectivity to the proposed harbour. The project was conceptualized […]
As profit soars, BIAL under pressure to withdraw user fee
With the Bengaluru International Airport (BIAL) registering huge profits in the past three years, there is a growing demand for the withdrawal of the user development fee (UDF) levied on passenger. Pressure groups, including the Bangalore Political Action Committee (B.PAC), want the airport operator to source revenue for infrastructure projects from elsewhere instead of burdening […]
AAI mulls levying additional charges for slots during peak hours
Airlines might be asked to shell out additional charges for use of slots during peak hours at aerodromes, with the proposal being considered by the Airports Authority of India (AAI), according to a senior official. The proposal, once implemented, could also push the airfares higher as carriers might pass on the additional charges to the […]
Qatar Airways adapts to regional political dispute, may avoid making a loss
Qatar Airways’ chief executive said the airline was adapting to a regional political dispute that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year. “There is a possibility that we will post also a loss in our current financial year, but […]