New Delhi: An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas licence in the 10th round, oil regulator PNGRB said.
Day: February 7, 2019
Air India chief Pradeep Singh Kharola to steer Civil Aviation Ministry as secretary
New Delhi: Air India chief Pradeep Singh Kharola has been appointed Civil Aviation secretary as part of a minor top-level bureaucratic reshuffle effected on Wednesday, according to an official order.
Jet Airways pilots may take final call on salary payment delays in march
New Delhi: Pilots of crisis-hit Jet Airways this week discussed the current situation and are likely to take a final call next month in case the airline fails to adhere to the timeline set for partial payment of salaries, according to a source.
Analyst Corner: Maintain ‘buy’ on CESC target price at Rs 840
CESC’s Q3FY19 PAT surpassed the consensus estimate 5 percent, bolstered by Rs 200-crore regulatory income booked during the quarter. On the generation front, while volume at 1,365 MU, it remained flattish YoY.
Coal India dispatches fall for second straight month in January
While power plants across the country are set to step up generation in view of the surge in electricity demand due to the upcoming general elections, dispatches of coal from the mines of Coal India (CIL) has fallen for the second straight month in January. The state-owned behemoth supplied 52.8 MT and 52.4 MT of […]
Tata Power arm seeks more time to get states’ nod for Mundra PPA revision
Coastal Gujarat Power (CGPL), the Tata Power arm that runs the 4,150-MW Mundra ultra mega power plant, has sought more time from the Central Electricity Regulatory Commission (CERC) to get state distribution utilities’ consent for tariff revision for its imported coal-based unit. The electricity
CCI approves PFC-REC deal; credit profile of PFC downgrade
While the Competition Commission of India on Tuesday approved the acquisition of 52.63% stake in REC by Power Finance Corporation (PFC), the credit profile of PFC faces imminent downgrade by ratings agencies such as Moody’s as it is likely to pay a premium for REC and is likely to borrow Rs 15,000 crore to fund […]
Kolkata-bound GoAir plane returns to Ahmedabad after suffering P&W engine problem
A GoAir aircraft flying to Kolkata Wednesday experienced problems with Pratt & Whitney engine and returned to Ahmedabad, according to a source.
Bhushan Power lenders likely to reject Sanjay Singal’s last-minute offer
Lenders to Bhushan Power and Steel (BPSL) are likely to reject the last-minute offer made by the debt-ridden firm’s erstwhile owner Sanjay Singal of repaying financial creditors in full. JSW Steel has already been chosen by the lenders as the most preferred bidders for BPSL. The lenders are scheduled to meet on February 8 to […]
Adani Power loss narrows 10% to Rs 1,181 crore in Q3
Adani Power reported a loss of Rs 1,180.8 crore on a consolidated basis for the quarter ended December 2018, reflecting a reduction of 10% year-on-year (y-o-y) as capacity utilisation (PLF) of its power plants went up by 15 percentage points to 73% on improved coal supply and rising spot power prices. Buoyed by substantial
Boeing’s smallest 737 Max faces new doubts as a key buyer wavers
WestJet Airlines Ltd. is outgrowing its crush on Boeing Co.’s Max 7 jet, adding to concerns about the future of the smallest member of the 737 Max family.
India’s highest airport in Leh to get swanky new terminal, will cost Rs 480 crore
India’s highest-commercial airport Kushok Bakula Rimpochee Airport in Leh, Jammu and Kashmir is set to get wings! Yes, the Leh airport, which is located at 3,256 meters above sea-level, will have a new domestic terminal building. Prime Minister Narendra Modi recently laid the foundation stone for a new domestic terminal building. The new terminal building […]