Oil India Ltd (OIL) in consortium with Engineers India Ltd (EIL) has decided to bid for acquiring 61.65 per cent stake of Bharat Petroleum Corporation Ltd (BPCL) in Numaligarh Refinery Ltd (NRL). The bid is to be submitted through a formal process. The exact percentage of the stake of OIL and ElL will depend on […]
Day: February 19, 2021
Meghalaya giving thrust on roof-top solar project
Government of Meghalaya has been driving the solar power initiative in the State with a great thrust in order to improve energy access and reduce the carbon footprints of the State. Keeping in view with the above and our mission of making Meghalaya power surplus, the Chief Minister of Meghalaya, Conrad K Sangma launched the […]
Delhi: Petrol price crosses Rs 90-mark, diesel at Rs 80.60 per litre
Petrol and diesel prices went up for the eleventh consecutive day in the national capital and stood at Rs 90.19 and Rs 80.60 per litre, respectively on Friday. The price of petrol was increased by Rs 31 paise while that of diesel by Rs 33 paise. Earlier, during her budget speech, Union Finance Minister Nirmala […]
Continuum Wind Energy to issue maiden green bond worth $500-600 mn
Continuum Wind Energy Ltd, sponsored by Singapore-based Clean Energy Investing Ltd, the indirect wholly-owned subsidiary of a Morgan Stanley fund entity, New Haven Infrastructure Partners, plans to issue its maiden green bond of $500-600 million, to be listed on the SGX. The proceeds will be used to refinance the project debt at six of its […]
CII aims to create common platform for MPT and NGOs to discuss coal
The Confederation of Indian Industry’s Goa chapter met Ramesh Kumar, chairman of Mormugao Port Trust (MPT) to discuss the port’s operations and future plans, particularly cargo movement and passenger traffic. CII’s logistics panel also took stock of the coal-handling operations at MPT as part of an effort to create awareness about the need for rail, […]
India’s domestic air passenger traffic down 40 percent to 77.34 lakh in January
MUMBAI: India’s domestic air passenger traffic declined around 40 per cent to 77.34 lakh in January 2021 over the year-ago period as the pandemic continues to hit air travel demand, as per the monthly traffic data released by the aviation regulator, DGCA on Thursday. The total number of passengers flown by the Indian carriers on […]
Share of non-metro traffic at Bengaluru airport jumps to 64 percent in April-January
MUMBAI: Kempegowda International Airport Bangalore (KIAB) has seen a significant jump in the share of non-metro traffic to 64 per cent in the April-January period of the current fiscal, the private airport operator said on Thursday. The share of non-metro traffic in the 10 months of the financial year 2019-20 was 55 percent, Bangalore International […]
NCLT approves Rs 707.70 crore claim of IL&FS’s FSEL from NHAI
MUMBAI: The National Company Law Tribunal (NCLT) has given approval to the settlement of Rs 707.70 crore claim made by Fagne Sonagarh Expressway (FSEL), a special purpose vehicle of IL&FS for the expressway project, from National Highways Authority of India (NHAI). The tribunal, chaired by members Mohammed Ajmal and V Nallasenapathy, allowed FSEL to receive […]
Cairn CEO meets top officials of finance ministry over tax dispute
NEW DELHI: Nine days after stating that he would hold a meeting with India’s finance minister, Britain’s Cairn Energy Chief Executive Simon Thomson on Thursday met top officials of the ministry, including Finance Secretary AB Pandey and CBDT Chairman P C Mody. The meeting holds big significance as Cairn is said to have filed cases […]
Saudi Arabia plans to increase oil output amid recovery in prices
Saudi Arabia plans to increase oil output in the coming months, reversing a recent production cut, the Wall Street Journal reported on Wednesday, citing advisers to the country. The world’s largest oil exporter surprised oil markets last month when it said it would unilaterally slash 1 million barrels a day of crude production in February […]
Thai Airways cuts 240 exec positions as part of bankruptcy restructuring
BANGKOK (Reuters) – Thai Airways International Pcl on Friday said it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process. “The number of executive positions has been reduced from 740 to about 500,” the airline said in a statement, adding that the move would increase efficiency by going […]
Petrol crosses Rs 90-mark for 1st time ever in Delhi, diesel at Rs 80.60
Petrol prices on Friday breached the Rs 90-a-litre mark to touch an all-time high of Rs 90.19 in the national capital. Petrol and diesel prices were hiked by 31 paise and 33 paise per litre, respectively, on Friday, according to a price notification from oil marketing companies. Diesel price also climbed up to Rs 80.60. […]