Sahibabad-based public sector enterprise, Central Electronics Limited (CEL), has announced a tender for the supply of one million multi-crystalline solar cells on a fixed price basis. According to the tender, the solar cells must be five bus bar cells with an efficiency of 19.4%. They must be about 200 microns in thickness and measure 157×157 […]
Day: December 11, 2019
QIA to pick 25% stake in Adani’s Mumbai power distribution business
Adani Transmission on Wednesday entered into an agreement to sell 25.1 per cent stake in its Mumbai distribution business to Qatar Investment Authority (QIA) for Rs 3,200 crore. The agreement requires the Mumbai distribution business to source 30 per cent power from green alternatives. The transaction is likely to be complete by early 2020, subject […]
ReNew Power forms joint venture with Korean major GSE&C for Rajasthan unit
ReNew Power Private Limited (ReNew Power), India’s largest renewable energy independent power producer, today announced a joint venture partnership with South Korea-based GS E&C for execution of its 300 MW solar power plant in Rajasthan. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded […]
Power demand falls 4.28 pc in November
Power demand in the country dipped for the fourth straight month by 4.28 per cent to 94.6 billion units (BU) in November, mainly due to weather shift. According to data from the Central Electricity Authority, the demand had stood at 98.84 BU in November 2018. “Power demand is down mainly because of early onset of […]
Saudi Aramco shares to begin trading after world’s biggest IPO
Saudi Aramco’s shares begin trading domestically on Wednesday, after the energy behemoth raised USD 25.6 billion in the world’s biggest initial public offering. Aramco has priced its IPO at 32 riyals (USD 8.53) per share, the high end of the target range, surpassing the USD 25 billion raised by Chinese retail giant Alibaba in its […]
Air India seeks Rs 2,400 cr government guarantee to raise funds
Faced with acute financial crunch, Air India has sought Rs 2,400 crore guarantee from the government to raise fresh funds to mainly meet its operational requirements, according to an official. The development comes at a time when the government is in the process of finalising the contours for divestment of debt-laden Air India. The official […]
Decide on GVK Airport stake buy in MIAL by December 15: SC to tribunal
The Supreme Court on Tuesday directed the arbitral tribunal to decide by December 15 if GVK Airport Holdings is in a position to purchase 13.5% stake of Bid Services Division (Mauritius) Ltd (subsidiary of Bidvest Group), in Mumbai International Airport (MIAL). A Bench led by Justice R Bhanumati directed the three-member arbitral tribunal to decide […]
IATA revises down 2019 airline profits, sees stability in 2020
Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election. Airline net profits are now expected to fall to $25.9 billion from $27.3 billion last year, […]
HAL and workers settle wage revision
The Hindustan Aeronautics Limited management and its workforce have entered into an agreement to settle the wage revision. A Memorandum of Understanding (MoU) was signed at HAL Corporate Office here on Tuesday between the HAL management and its Trade unions, the Bengaluru-headquartered defence PSU said in a statement. The MoU envisages revision of wage structure […]
Grid of the future takes centrestage at MIT energy conference
The sixth edition of the international conference by MIT-Arts, Design and Technology University (ADTU), will be held from December 18-20 at Rajbaug, Loni kalbhor, Pune. The theme of the conference is Energy and City of the Future. The conference will be inaugurated by Geoffrey Levermore who won a Nobel prize for his report on climate […]
Indigo, GoAir jets forced to turn back after take-off due to snags
Two Airbus A320 Neo aircraft fitted with Pratt & Whitney (P&W) engines were forced to return to the airports from where they took off on Monday after developing technical snags, the aviation regulator and airlines said on Tuesday. An IndiGo flight that took off from Delhi for Hyderabad at around 8.30am on Monday returned to […]
Coal linkage rationalisation leads to Rs 3,770cr savings per Year by 58 TPPs: CIL
Coal India Ltd (CIL) on Tuesday said about 58 thermal power plants (TPPs) in the country are saving around Rs 3,770 crore per annum in coal transportation cost after the miner had implemented the fuel linkage rationalisation. A total of 63 million tonne of coal movement is currently involved under the rationalisation policy, CIL sources […]