India on Friday entered into a memorandum of understanding with the US for cooperation on operation and maintenance of strategic petroleum reserves, The Indian Express reported. This would also include enhancing collaboration with respect to bio-energy, agri renewable energy and low emission coal technologies. As per the MoU signed at the US-India Strategic Energy Partnership […]
Day: July 18, 2020
CIL introduces exclusive auction for coal importers
Kolkata: Coal India NSE 3.53 % Ltd (CIL NSE -4.48 %) on Friday said it has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply. The coal procured under the “special spot e-auction scheme 2020 for import substitution” […]
Hindalco, Jindal Steel & Power and Vedanta terminate supply contracts with Coal India
KOLKATA: Hindalco Industries NSE -2.35 %, Jindal Steel & Power and Vedanta Ltd. NSE 0.23 % have terminated supply contracts with Coal India NSE 3.53 %, with two companies citing poor quality, pilferage and high transportation costs. Coal India said in response to ET’s query that the cancellations appear to be a calculated move since […]
Coal India sees situation in Jul-Sep ‘uncertain’ as some states still under lockdown
New Delhi: Coal India NSE 3.53 % (CIL NSE -4.48 %), which is already reeling under the pandemic stress causing adverse impact on demand and supply of dry fuel, on Friday said the situation will remain uncertain in July-September as some states are resorting to fresh lockdowns. The state-owned miner produced 18.05 million tonnes (MT) […]
HCC-Dilip Buildcon Joint Venture bags Rs 1,900 crore contract from NHAI
Mumbai: Engineering firm HCC has said its joint venture with Dilip Buildcon NSE 0.21 % has received a Rs 1,900 crore NHAI contract for design and construction of a 22-km road to link Jharkhand and Bihar. The Rs 1,900 crore road project, which will include a four-lane bridge over the Ganga river, will connect Sahibganj […]
Coronavirus impact: British Airways bids farewell to its entire fleet of Boeing 747s
LONDON: The “queen of the skies” will no longer don the red, white and blue of the Union Jack after British Airways retired its fleet of Boeing 747s on Friday as a result of the coronavirus pandemic. The airline, which was the world’s biggest operator of the 747-400 model, had already planned to ground its […]
Gadkari asks Uttarakhand CM to expedite land acquisition, clearances for Chardham Proj
New Delhi: To fast-track Chardham project, Union Minister Nitin Gadkari on Friday urged Uttarakhand chief minister to expedite land acquisition and environment clearances for the crucial plan. Road Transport and Highways Minister Gadkari said approval has been accorded to Zonal Master Plan of Bhagirathi Eco-Sensitive Zone to pave the way for faster project execution. He […]
Crude oil prices slip amid uncertainty over fuel demand, easing supply curbs
LONDON: Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs. Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. US West Texas Intermediate (WTI) crude dropped 23 cents to […]
Oil prices broadly stable as stimulus hopes balance virus fears
NEW YORK: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing nations ready increases in output. Brent crude futures fell 15 cents to $43.22 a barrel by 12:10 EDT (1610 GMT). […]
Share price of Petronet LNG Ltd. jumps as Sensex gains 246.14 points
Share price of Petronet LNG NSE 2.99 % Ltd. gained 2.11 per cent to Rs 260.95 at 12:35PM (IST) in Friday’s trade. The stock hit a high of Rs 261.15 and low of Rs 252.5 so far during the session. The stock had closed at Rs 255.55 in the previous session. The counter had a […]
REC Ltd. shares up 0.78% as Nifty gains
NEW DELHI: Shares of REC NSE 1.45 % Ltd. traded 0.78 per cent up in Friday’s trade at 01:48PM (IST). Around 109,725 shares changed hands on the counter. The stock opened at Rs 102.05 and touched an intraday high and low of Rs 104.7 and Rs 102.05, respectively, in the session so far. Shares of […]
BPCL spikes 11% on reports of oil majors showing interest in stake sale
NEW DELHI: Shares of state-owned Bharat Petroleum NSE 12.67 %, which the government plans to divest, surged over 11 per cent on Friday after reports said major energy players of the world have shown interest in buying the firm. The stock jumped 11.10 per cent to Rs 437.80 on BSE. The scrip had climbed nearly […]