THIRUVANANTHAPURAM: In a major relief to the motorists and commuters who travel through the Karamana-Kaliyikkavila road regularly, the second reach of the six-lane stretch from Pravachambalam to Kodinada in Balaramapuram is likely to be commissioned by the second week of February. According to sources close to Public Works Department (NH), Chief Minister Pinarayi Vijayan will […]
Day: February 4, 2021
Tambaram Eastern Bypass project throws life out of gear for residents of Selaiyur
CHENNAI: Poor illumination coupled with dug-up roads makes travelling along the Tambaram Eastern Bypass risky. Besides, garbage is strewn across the service lane, which is used for anti-social activities at night. The Tambaram Eastern Bypass project proposes to connect Rajakilpakkam and Peerkankaranai on the GST Road. The road has so far been laid till Selaiyur. […]
Coal India signs Rs 2,900 cr pact for procurement of dumpers
State-owned CIL on Wednesday said it has entered into a pact worth Rs 2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers. The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement. ”CIL on Saturday last formally signed a major procurement […]
Power consumption grows nearly 6 pc in January
India’s power consumption increased to a three-month high of nearly 6 per cent at 111.43 billion units (BU) in January 2021, showing spurt in economic activities, according to official data. Power consumption in January 2020 was 105.15 BU. Besides, peak power demand also recorded double-digit growth of nearly 11 per cent to 189.64 GW in […]
Adani-Total Gas reports record profit on cost optimisation
Adani Total Gas Ltd on Wednesday reported a record net profit of Rs 145 crore in the December quarter on optimising cost both for input gas and operating expenses. Net profit of Rs 145 crore in October-December was 27 per cent higher than Rs 114 crore a year back, firm’s chief executive Suresh P Manglani […]
Air India employees’ interest will be protected, says minister
NEW DELHI: The interest of Air India employees will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Union Minister Hardeep Singh Puri said on Wednesday. The disinvestment process of Air India, which had a total debt of over Rs 38,366 crore in the last fiscal — is […]
Airbus to partner Flytech to train drone pilots in India
BENGALURU: Airbus signed a Memorandum of Understanding (MoU) with Flytech Aviation Academy, a leading Indian aviation training academy, to explore collaboration opportunities in Remotely Piloted Aircraft System (RPAS) training. The MoU was inked at Aero India 2021, the country’s premier defence and aerospace show, which began here on Wednesday. Airbus said in a statement that […]
Reliance gets world’s first ‘carbon-neutral’ oil from US
Billionaire Mukesh Ambani’s Reliance Industries Ltd has sourced the world’s first consignment of ‘carbon-neutral oil’ from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world’s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million […]
CIL to procure dumpers from Belarus for Rs 2,900 crore
Mining PSU Coal India (CIL) has signed a Rs 2,900 crore purchase contract for procurement of 96 Dumpers of 240 tonne capacity each with Belaz, the Belarus-based mining equipment manufacturer. CIL’s board had given nod for procurement in August last year. These are the highest capacity dumpers operational in the country at present, playing a […]
Tangible economic gain to AAI on leasing out six airports under PPP, says government
NEW DELHI: Amid persisting concerns in certain quarters about leasing out of six airports, the government on Wednesday told the Rajya Sabha that Per Passenger Fee (PPF) was the bidding parameter and based on the PPF offered by the winning bidder for these aerodromes, AAI will earn Rs 904 crore profit in 2020-21. Recently, the […]
Andhra 6.4 GW solar auction gets lowest bid of Rs 2.47/unit
The Andhra Pradesh government has received the lowest bid of Rs 2.47/unit against tenders invited in December 2020 to build 6,400 mega-watt (MW) solar power capacity in the state. Adani Group, Torrent Power and state-run NTPC are learnt to be among the lowest bidders, with Adani itself offering the most competitive rates for 3,000 MW. […]
US moves to seize 2 million oil barrels it says is Iranian
The U.S. has gone to court in an attempt to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department of Justice filed a case in a U.S. district court, seeking to seize the cargo on the […]