Reversing years of decline, state-owned Oil and Natural Gas Corp (ONGC) has reported a record 6.5 per cent jump in natural gas production to 25.9 billion cubic meters in the fiscal year ended March 31, 2019, as it doubles up efforts to raise domestic output to curb imports. Natural gas production from ONGC-operated nomination fields, […]
Day: April 1, 2019
L&T bags gas export pipeline contract from Kuwait Oil Company, stock gains
Infrastructure major Larsen & Toubro Ltd (L&T) Monday said it has won a gas export pipeline contract from Kuwait Oil Company (KOC). The company said the order falls under “large” category that range between Rs 2,500 crore and Rs 5,000 crore as per its classification of contracts. “The new strategic gas export pipeline contract has […]
Maharashtra discom ordered to pay dues to wind power generator in Dhule
The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to pay the dues to Kamal Encon Industries Limited (formerly KEC Industries Ltd) for the supply of electricity from its 1.65 MW wind power project located in the state’s Dhule district. Kamal Encon Industries Limited had petitioned the MERC […]
Aramco biggest oil producer in 2018, Fitch rates credit profile at AA+
Saudi Aramco was by far the world’s biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday. “Saudi Aramco is the largest oil producer globally by volume… In 2018 its liquids production and its total […]
HAL turnover up 6% at Rs 19,400 crore in 2018-19
Government-owned Hindustan Aeronautics Limited (HAL) said on Monday its turnover totalled Rs 19,400 crore during the financial year ended on March 31 against Rs 18,284 crore in the previous year. The public sector company posted a revenue growth in excess of 6 per cent during 2018-19 as compared to 3.8 per cent during 2017-18. In […]
Jet Airways pilots postpone strike to April 15
Jet Airways pilots on Sunday deferred their April 1 strike plan by another two weeks, hoping that their salary dues would be cleared by then. At separate open houses in Mumbai and Delhi conducted by their union, the National Aviators Guild (NAG), members decided against going on strike. Their decision came hours after the airline […]
Kochi metro to rely more on solar power
Kochi Metro Rail Limited (KMRL) is set to source 40% of its power requirements from solar energy, for which it will commission a 2,719-kW capacity solar farm located on the marshy land abutting the metro coach maintenance yard at Muttom on Monday. The new solar panels have been placed in an area of four hectares […]
Seven additional flights to operate on Srinagar route this tourist season
Airliners operating on Srinagar route have decided to add seven new flights in their summer schedule, submitted to central aviation regulator. It will take total number of flights operating to Srinagar to 38. An Airports Authority of India (AAI) official said the new flights include a Delhi-Srinagar flight of AirAsia and three new flights of […]
IAF probing Budgam helicopter crash: Officials
Among the threads being investigated in the February 27 crash of an IAF Mi-17 helicopter near Srinagar during a tense standoff with Pakistan include the possibility that it may have been “accidentally” shot down by Indian Air Defence System, officials said. The officials, who are familiar with the investigation and spoke on condition of anonymity, […]
Hike in airport road toll from today
Those travelling between the city and Kempegowda International Airport (KIA) will have to shell out more for using National Highway 44 as the National Highways Authority of India has increased the toll collected at Sadahalli plaza to Rs. 90 for cars — up by Rs. 5 — for single trip. The toll for the return […]
Jet Airways pilots defer strike plan
Jet Airways pilots on Sunday deferred their April 1 strike plan by another two weeks, hoping that their salary dues would be cleared by then. At separate open houses in Mumbai and Delhi conducted by their union, the National Aviators Guild (NAG), members decided against going on strike. Their decision came hours after the airline […]
158 trees cut to widen 11 ‘congested’ e-way exits
The Millennium City Expressways Private Limited (MCEPL), the contractor for the National Highways Authority of India (NHAI) and the concessionaire of Delhi-Gurgaon Expressway, on Sunday, finished cutting 158 full-grown trees along the Delhi-Gurgaon expressway to widen the 11 entry and exit points at five places. “The trees are being cut to widen the entry and […]