Petronet LNG Ltd, India’s largest gas importer, on Friday reported a 30 per cent rise in its December quarter net profit as demand reached pre-COVID levels. The company’s net profit in October-December 2020, stood at Rs 878.47 crore, or Rs 5.86 per share, compared with Rs 675.18 crore, or Rs 4.50 a share, in the […]
Day: February 12, 2021
Oil India Q3 PAT spurts 25% YoY on tax reversal
On a consolidated basis, Oil India’s net profit jumped 25.4% to Rs 889.69 crore on 27.7% decline in net sales to Rs 2,137.34 crore in Q3 December 2020 over Q3 December 2019. The profit was boosted by the company receiving direct tax reversal of Rs 1,158.54 crore during the quarter. Pre-tax loss during Q3 FY21 […]
Oil prices, muted traffic: Why airlines may not benefit from airfare hike
The revision in air fare price band by up to 30 per cent is a move optically in the right direction, analysts said, but will not benefit airlines much amid steadily rising oil prices. The proposal, they believe, will make a meaningful impact only if the capacity remains capped amid plateaued passenger growth. On Thursday, […]
Petrol price crosses Rs 88-mark in Delhi, diesel breaches Rs 85 in Mumbai
Petrol and diesel prices soared to record highs on Friday after rates were hiked for the fourth day in a row. Petrol price was increased by 31 paise per litre and diesel by 35 paise a litre, according to a price notification of state-owned fuel retailers. This took petrol price to an all-time high of […]
Flying post-COVID: Virgin offers free date change till April 2023
As airlines work towards attracting flyers post-COVID, Virgin Atlantic has announced unlimited free date and flight changes for new bookings as part of a series of enhancements to provide flexibility to customers and support their future travel plans. “Alongside the improved changes policy, the rebooking horizon has been extended for all customers all the way […]
NTPC Kameng project’s 4th 150 MW unit commercially operational
State-run power producer NTPC on Friday said the fourth 150 mega watt (MW) unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation is commercially operational. “Consequent upon successful commissioning, unit-4 of 150 MW of Kameng Hydro-Electric Project (4×150 MW) of North Eastern Electric Power Corporation Ltd (a wholly owned subsidiary company […]
Man held for causing fire at MSEDCL office in Maharashtra’s Thane
THANE: Police have arrested a 37-year-old man in connection with the recent fire at the electricity department’s office in Thane city of Maharashtra, an official said on Friday. The blaze had erupted during the intervening night of February 6 and 7 in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) office in Wagle Estate locality. […]
Three-member committee formed to assess damage caused by Thiruvananthapuram oil spill
THIRUVANANTHAPURAM: A day after the oil spill from a Travancore Titanium Products unit on the Veli coast here, the government has formed a three-member committee to study its environmental impact. The committee will comprise principal secretary for industries department APM Muhammed Haneesh, Malabar Cements MD M Muhammed Ali and KMML MD S Chandrabose. The committee […]
Fate of Jeypore airstrip to be decided today
JEYPORE: The Jeypore airport under the Centre’s UDAN scheme for regional air connectivity may take longer to be functional than expected. With frequent revisions to dimensions of the airstrip leading to delays, a high-level committee of the State government will be discussing and taking a final call on the future course of action on Friday. […]
Cial’s flying colours
KOCHI: After the Covid-induced slowdown, Kochi airport is slowly regaining normalcy. Cochin International Airport Limited (CIAL) recently handed over J33.49 crore as dividend to the state government and managed to restart 70% of its in-house services. The airport aims to further diversify their returns in the coming months The economic slowdown brought about by the […]
Oil spill opens can of worms for Travancore Titanium
THIRUVANANTHAPURAM: Fingers are being pointed at state-run Travancore Titanium Products Ltd (TTP) for the poor upkeep of the glass furnace pipe which burst, causing the oil spill near the shoreline at Veli here on Wednesday. The Kerala State Pollution Control Board (KSPCB) on Thursday directed the firm to close down operations and seal the discharge […]
GoAir starts Hyderabad-Malé direct flight
HYDERABAD: The GMR Hyderabad International Airport Limited (GHIAL) on Thursday launched GoAir’s maiden direct flight service from Hyderabad to Malé in Maldives. Amidst much fanfare, the first GoAir aircraft took off from Hyderabad at around 11.40 am and reached the Maldives Velana International Airport at 1.30 pm. Flights will operate between GMR Hyderabad International Airport […]