Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support. Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 0428 GMT, […]
Day: February 15, 2021
Nature had been sending warnings regarding Rishiganga hydro project since two decades, say villagers
The Rishiganga hydel plant was owned by three private players starting from realtors to painters, but none had expertise in generating electricity in the Himalayas. And the locals had been continuously raising their voice against setting up the plant here. They had been warning them of facing the wrath of the deity and Mother Nature. […]
KPTL third quarter profit more than doubles to Rs 308 crore
Infrastructure major Kalpataru Power Transmission Ltd (KPTL) has posted more than two-fold jump in consolidated net profit to Rs 308 crore for the December quarter. The company said its revenue grew by 11 per cent year-on-year to Rs 3,501 crore in Q3 FY21 while core earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at […]
Hydropower firms operational in Uttarakhand decide to challenge HC order
A day after the Uttarakhand high court (HC) upheld the state’s right to tax the hydropower projects in the Himalayan state for using the state’s river waters for electricity generation, the firms operating these plants have said that they will challenge the order before the division bench of the HC. Counsels appearing for two of […]
Essar, Fulcrum BioEnergy announce 600 mn pound waste-to-fuel plant in UK
Essar Group and Fulcrum BioEnergy Ltd on Monday announced a 600 million pounds waste-to-fuel plant in North West of England that will convert non-recyclable household waste into aviation fuel for use by airlines. “This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, […]
Coal India saved Rs 1,838 crore revenue expenditure in April-Dec 2020-21
State-run miner Coal India Ltd (CIL) today said it managed to save Rs 1,838 crore revenue expenditure, around 3.3 per cent of total capex, in the first nine months (April-December) of the current financial year even as production from opencast mines jumped 16.1 per cent. “This is the sum of the over burden (OB) excavated […]
Deep freeze sends natural gas soaring to record $600 in Oklahoma
The arctic freeze gripping the central US is set to intensify, putting further pressure on energy prices already trading at unprecedented levels over the long holiday weekend. Natural gas hit a record $600 per million British thermal units in Oklahoma. Temperatures fell so far below forecasts in parts of the central and western US that […]
Oil prices rise on fears of heightened tensions between Saudi Arabia, Yemen
TOKYO (Reuters) – Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions. Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support […]
Dubai airport sees passenger traffic drop 70% amid Covid-19 pandemic
Dubai International Airport saw the coronavirus pandemic push passenger traffic down by an unprecedented 70 per cent in 2020 compared to the previous year, its CEO announced Monday, even as the airport held onto its prized title as the world’s busiest for international travel. While the key east-west transit point started to see an uptick […]
Petrol price nears Rs 89-a-litre mark in New Delhi, diesel at Rs 79.35
Petrol price is nearing to touch an all-time high of Rs 89 per litre in the national capital. Petrol and diesel prices were hiked by 26 paise and 29 paise per litre each on Monday to touch Rs 88.99 and Rs 79.35 respectively, according to a price notification from oil marketing companies. The diesel prices […]
Indian air ambulance makes emergency landing at Islamabad for refuelling
An Indian air ambulance on Sunday made an emergency landing at the Islamabad airport for refuelling. According to Dunya News, the Indian air ambulance had contacted the Civil Aviation Authorities (CAA) Pakistan and requested permission to make the emergency landing at the Islamabad airport because it was low on fuel. The Indian air ambulance with […]
Delhi: Petrol price up 29 paise at Rs 88.73 per litre, diesel by 32 paise
Petrol and diesel prices have gone up in the national capital and stood at Rs 88.73 per litre and Rs 79.06 per litre, respectively on Sunday. As compared to yesterday, the price of petrol has become costlier by 29 paise while diesel price increased by 32 paise. Earlier, during her budget speech, Union Finance Minister […]