In the month of Sep & Oct 2018, the Market Clearing Volume (MCV) for power at Indian Energy Exchange (IEX) and Power Exchange of India Ltd (PXIL) shot up due to sudden reduction in power generation from wind and hydro based power generation, and the tariff reached Rs 15.37 per unit at IEX.
Effective from Nov 1, 2018, the Indian Railways has hiked the freight charges for transporting coal. Since Jun 2014, it has hiked the fares five times and the overall hike is in the range of 11.69 per cent (for distance upto 100 km) and 59.66 per cent (for distance from 101 to 500 km). For […]
In a big boost to India’s nuclear energy programme, the Kaiga Generating Station (KGS)-1 of the Kaiga Atomic Power Station (KAPS) broke the world record by achieving 941 days of continuous operation, said the Department of Atomic Energy (DAE).
On Jan 7, 2019, the government launched the second round of auctions under which 14 exploration blocks spread over 29,233 sq km have been offered. With the launch of Notice Inviting Offer (NIO), now the bidders can study the data available in National Data Repository (NDR) and select blocks for the bidding. The bidders would […]
Natural gas is a clean source of energy and its demand in India is steadily increasing. Almost half of the natural gas is produced in India while rest is being imported in the form of Liquefied Natural Gas (LNG) under open general license on the terms and conditions mutually agreed upon between the buyers and […]
BASF SE, the world’s largest chemical producer, will set up a petrochemical production hub at a cost of Rs 16,000 crore in Gujarat in a joint venture with Adani Group. On Jan 17, 2019, the two companies signed an MoU to this effect. The German company will hold the majority in the joint venture, which […]
The country’s largest lender, State Bank of India (SBI), has ordered a forensic audit of Jet Airways’ accounts for the period Apr 2014 to Mar 2018. The audit is being carried out by consultancy firm EY.
The government of Kerala is in the process of completing the steps to participate in the Airports Authority of India’s (AAI) bid to privatise Thiruvananthapuram airport. The state government has constituted a committee to decide on the technical-cum-financial consultant for the newly formed consortium Thiruvananthapuram International Airport Ltd (TIAL).
The government plans to rope in professionals for top positions at Air India through a global search process, as part of efforts to revive the national carrier, according to civil aviation minister Suresh Prabhu.
The airports economic regulatory authority of India (AERA) has decided to raise the Passenger Service Fee (PSF) to Rs 170 from Rs 135 to meet the rising cost of airport security, which is provided by the Central Industrial Security Force (CISF).
The per day construction of National Highways from 2009 to 2014 during the UPA government under Manmohan Singh regime was 13.47 km, which remained at almost at that level throughout the five year period.
Cochin Port has shown sign of recovery, but Mumbai and Kolkata Ports continue to be in red. While Mumbai recorded a loss of Rs 418 crore in 2017-18 on a stagnant turnover of Rs 1,606 crore, Kolkata recorded a loss of Rs 165 crore against a turnover of Rs 2,661 crore (Rs 2,022 cr in […]
