New Delhi: Any company, association or body of individuals, even non-incorporated, can take up electricity distribution in any area after registering itself with the respective electricity regulatory commission, if the Centre’s proposal to delicense the distribution sector through legislative amendment makes way, people in the know said. As per the proposal, regulatory commissions must grant […]
Day: February 4, 2021
Coal India inks Rs 2.9kcr deal with Belarus co
Kolkata: Coal India (CIL) has finally signed a major procurement pact worth Rs 2,900 crore, for purchase of 96 dumpers of 240 tonne capacity each with Belaz, the Belarus-based mining equipment manufacturer. Earlier, in August 2020, CIL’s board has given its nod for their procurement. A CIL official said that these dumpers are of the […]
Adani group bags 3,000 MW solar power parks in AP
AMRAVATI: Adani Renewable Energy Holding Twelve Limited, a firm owned by Adani Green Energy Limited (AGEL) has bagged five solar power projects in the state. The Adani group clinched five projects with a total capacity of 3000 megawatt. The state government has finalized the successful bidders after the reverse auction process completed on Wednesday. However, […]
Govt seeks to set up three power gear making zones
The Union budget has announced a scheme under the Atmanirbhar Bharat package for setting up three manufacturing zones for critical power and renewable energy equipment. “This scheme is for setting up of three manufacturing zones for power and renewable equipment to be set up in three different states. The facilities shall be based on cutting […]
Reliance Industries gets world’s first ‘carbon-neutral’ oil from US
NEW DELHI : 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 […]
Oil rises after OPEC+ alliance of major producers maintains oil output cuts
Oil prices edged higher on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy at a meeting on Wednesday, and as crude stockpiles in the United States fell to their lowest levels since March last year. Brent crude futures gained 4 cents, or 0.1%, to $58.50 a barrel, by 0120 […]
Petrol prices scale to new record high in Delhi on Thursday
NEW DELHI: Retail prices of petrol hit a new record high on Thursday in the national capital with oil marketing companies (OMCs) raising pump prices by 35 paise a litre to ₹86.65. Diesel prices were also up 35 paise a litre, selling at ₹76.83 a litre in Delhi. Having held rates steady for 29 days, […]
Indian Oil sees strong Q3, but refining margins are weak
Indian Oil Corp. Ltd’s strong performance for the quarter ended December will improve sentiment for the stock. The scrip has gained more than 8% post its results on Friday. Coming out of the lockdown, the oil marketing company (OMC) continues to see the benefits of improvement in auto fuel demand. Marketing margins on the sale […]
Paradip-Barbil road to be turned into eight-lane highway: Dharmendra Pradhan
The 300-km-long Paradip-Barbil road will be converted into an eight-lane highway, said Union Minister Dharmendra Pradhan on Tuesday after a meeting with the Union Minister Nitin Gadkari and Odisha Chief Minister Naveen Patnaik through video conferencing to review the National Highway projects of Odisha at his residence here. Speaking to reporters after the meeting, Pradhan […]
Coal India signs ₹2,900 cr pact for procurement of dumpers
NEW DELHI : State-owned CIL on Wednesday said it has entered into a pact worth ₹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 […]
Adani Total Gas posts record profit, in 3-year deal to import LNG
MUMBAI : Adani Total Gas Limited, the city gas distribution joint venture between India’s Adani Gas and French energy giant Total, has reached a three-year deal to import liquefied natural gas (LNG) from Total. The gas will be procured by Adani Total for sale in India to the company’s domestic and industrial customers, Adani Total […]