MAHABUBNAGAR: The Srisailam Left Bank Hydropower Station (SLBHP), which caught fire two months ago, is all set to start production. The power unit is run by the Telangana state government. Two turbines which were damaged in the fire have been repaired, said an official. Trial runs have been going on and from Monday the power […]
Day: October 26, 2020
NHAI, IIT Jodhpur sign collaboration to share expertise, skills for betterment of country’s road infrastructure
In a novel collaboration, the central body for constructing and maintaining the national highways National Highway Authority of India (NHAI) has joined hands with the Indian Institute of Technology (IIT) Jodhpur to work on improving the state of the highways, news agency PTI reported. As part of the collaboration, the NHAI and IIT Jodhpur will […]
12,983 departures per week finalised covering 95 airports for domestic winter schedule: DGCA
NEW DELHI: As many as 12,983 departures per week have been finalised covering 95 airports for the domestic winter schedule effective from 25 October 2020 to 27 March 2021, down by 44.3 per cent from 23,307 departures per week in winter 2019-20, said Directorate General of Civil Aviation (DCGA). The schedule is approved for Indian […]
Power demand at 14-month high in September
Not only was power generation in September’20 higher than in August (0.4%), it was also the first time in 7 months that it surpassed generation in the same month of last year (3%). This was due to higher thermal power output, that registered 9% m-o-m and 9.5% y-o-y growth. However, generation from renewable sources fell […]
Vedanta announces interim dividend of ₹9.50 per share
The board of Vedanta, on Saturday, has approved first interim dividend for financial year 2021. The company has declared dividend of ₹9.50 per equity share amounting to ₹3,500 crore. The record date for the purpose of payment of dividend is 31 October. “The board of directors of the company through resolution passed by circulation on […]
Coal imports rise 12% to 19 MT in September on improved consumption
India’s coal import rose 11.6 per cent to 19.04 million tonnes in September on account of a recovery in consumption by thermal power plants and other industries as also helped by competitive prices in international markets. The country imported 17.06 million tonnes (MT) of coal in September 2019, showed data available with mjunction services limited. […]
Festive bonanza: Reliance rolls back salary cuts, offers bonus
Billionaire Mukesh Ambani-led Reliance Industries is rolling back salary cuts for the employees of its hydrocarbons division and is also giving outperformance bonus that had been deferred after business was hit by coronavirus lockdown. The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its […]
Vedanta’s debt maturities are prompting credit rating warnings
Holding companies controlled by energy-to-mining tycoon Anil Agarwal face the highest debt repayments in several years just as credit rating firms step up warnings. Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. That’s the most since 2017, according to data compiled by Bloomberg. […]
Airlines suffering from business class blues in age of Covid-19
The Covid-19 pandemic has ushered in the era of video meetings. But can Zoom really replace in-person meetings that require business executives to travel? US airlines have suffered a steep decline in this lucrative category of travel. They do expect a rebound — just not right away. “I suddenly stopped travelling in March because of […]
IIT, Jodhpur, NHAI sign pact to share expertise for betterment of highway infrastructure
JODHPUR: Indian Institute of Technology, Jodhpur and National Highway Authority of India have signed a pact to share their expertise for betterment of highway infrastructure. The signing ceremony was held at the IIT campus on Friday in the presence of Institute’s Director Santanu Chaudhury and Ajay Bishnoi, GM (Tech) and Project Director, NHAI, Project Implementation […]
Law & order woes, approval delays: 441 infra projects see cost overruns
NEW DELHI: Delays in land acquisition and green clearance, along with law and order problems, have made as many as 441 infrastructure projects, each worth at least Rs 150 crore, run into cost overruns totalling more than Rs 4.35 lakh crore. As per a report by the Ministry of Statistics and Programme Implementation, which monitors […]
Air India One: Second VVIP aircraft for President, PM arrives in Delhi
The second B-777 VVIP’s aircraft, Air India One landed at the Delhi airport on Saturday. Air India One aircraft is exclusively for the President, Vice President and Prime Minister. The first of the two VVIP aircraft Air India One arrived in India earlier this month. Earlier in August, contingents of senior officials of Air India, […]