West Bengal-based coal-bed methane extraction firm Great Eastern Energy Corporation has announced plans to explore and extract shale gas from its existing reserve. Government has recently permitted exploration and exploitation of all types of hydrocarbons including shale resources under existing coal bed methane contracts. Independent engineering firm Advance Resource International has estimated the reserve of […]
Day: November 15, 2018
GMR Infra loss narrows to Rs 219 cr in Q2
GMR Infrastructure Ltd Thursday said its consolidated loss for the quarter ended September 30 narrowed to Rs 219 crore against Rs 404 crore during the same quarter in FY 18. According to a regulatory filing by the infra major, total income grew by two per cent to Rs 2,026 crore. It was Rs 1,981 crore […]
ONGC may defer dividend payout this year; says, will buy back govt shares or pay dividend, not both
State-run energy major Oil and Natural Gas Corp (ONGC) has informed the Ministry of Finance that it may defer the interim dividend plan for the current financial year 2018-19, as it can either pay interim dividend or buy back government shares in the company, but not the both as it needs some time to build […]
RInfra Q2 net profit slips 49% to Rs 277 crore
Anil Ambani-led Reliance Infrastructure (RInfra) has posted a 49 per cent decline in its consolidated net profit to Rs 277.19 crore for the quarter ended September 2018. The company had posted a consolidated net profit of Rs 543.8 crore in the year-ago period, RInfra had said in a filing to the BSE on Wednesday. However, […]
Tata Sons’ chairman to present plan on proposed Jet buy to board: Report
Tata Sons Ltd Chairman N Chandrasekaran is expected to present to the board on Friday a business viability plan on a proposed acquisition of cash-strapped Jet Airways, the Times of India reported, citing people close to the development. This is the clearest sign yet that talks are gathering steam to seal a deal that could […]
Air India eyes Rs 8 bn from sale of residential, commercial properties
Loss-making national carrier Air India plans to mop up Rs 7-8 billion by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan approved by the then UPA government in 2012. As per […]
Bangalore Airport launches fully automated self bag drop system
Just 45 seconds! This will be the time taken to complete your baggage check-in at the Kempegowda International Airport, Bengaluru. The Bangalore International Airport Limited on Thursday deployed 16 fully-automated Self Bag Drop machines that will significantly accelerate the baggage transaction and reduce check-in queues. The airport, the official statement said, is the first in […]
NHAI to get Rs 10,000 cr in 2nd round of TOT highways: Gadkari
Overwhelmed with the response for the first tranche of highway projects under the toll-operate-transfer (TOT) model, union minister for roads and highways Nitin Gadkari Thursday said he expects the second tranche to fetch over Rs 10,000 crore. The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and […]