To sell 25.51% stake in Ratnagiri Gas and Power to NTPC GAIL (India) has executed Share Purchase Agreements with NTPC on 23 February 2021. a) Purchase of NTPC’s entire shareholding (14.82%) in Konkan LNG (KLL). Consequently, GAIL’s shareholding in KLL increased to 92.15%. b) Sale of GAIL’s entire shareholding (25.51%) in Ratnagiri Gas and Power […]
Day: February 25, 2021
Dilip Buildcon successfully bids for NHAI road projects aggregating Rs 2439 cr
In State of Karnataka Dilip Buildcon has been declared as L-1 bidder for the tenders floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Karnataka. Project Details – 1. 4 laning from km 0.000 to km 26.400 (along with 0.700km approach towards NH 207 with interchange on NH4 […]
UP power corporation seeks change in tariff slabs to get more revenue
The UP Power Corporation Ltd (UPPCL) has sought, yet again, reorganisation of existing power tariff slabs applicable to consumers under various categories in a bid that may make power usage costlier for some categories and bring more revenue to the corporation without any direct tariff increase. The annual revenue requirement (ARR) proposal (for 2021-22) submitted […]
Oil prices slip on surprise build in US crude stocks
Oil prices were lower on Wednesday after industry data showed a surprise build in US crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut. Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported […]
Dilip Buildcon climbs on emerging L-1 bidder for two HAM projects
Dilip Buildcon rose 3.43% to Rs 651.75 after the company said it was declared as the lowest (L1) bidder for two tenders floated by the National Highways Authority of India on hybrid annuity basis (HAM) in Karnataka. The scope of first project involves four laning Bangalore to Malur section of Bangalore Chennai Expressway on HAM […]
GAIL share buyback offer to open on February 25: All you need to know
State-owned gas utility GAIL (India) Ltd will open its buyback offer on Thursday, February 25. The offer will include 6.97 crore fully paid-up equity shares of face value ₹10 each. This offer represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company. GAIL […]
NHAI, Pune traffic police seal illegal entry, exit points on highway near accident-prone Navale bridge
PUNE In a bid to bring down the number of accidents and put in place precautionary measures, the Pune traffic police along with the National Highway Authority of India (NHAI) is reviewing and sealing the illegal entry and exit points, referred to colloquially by police as “punctures”, on the highway going towards the service road […]
Oil rises after data shows slump in US output amid Texas freeze
NEW YORK (Reuters) – Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week. U.S. crude oil production dropped last week by more than 10%, or 1 million barrels per day, during the rare winter storm in Texas, […]
OPEC+ to weigh modest oil output boost at meeting: Report
LONDON/MOSCOW (Reuters) – OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic. The Organization of the Petroleum Exporting Countries and allies, known as […]
Bengaluru airport installs disabled aircraft recovery kit
Bengaluru’s Kempegowda International Airport (KIA) on Tuesday announced the installation of disabled aircraft recovery kit, which will help the airport operator remove a disabled aircraft at the runway, and thereby restoring the operations at the earliest. The transportable kit is capable of recovering Code F-compatible aircrafts during an aircraft incident on the runway, ensuring that […]
FAA met to discuss frequent engine inspections days before Denver incident
Only days before a dramatic engine failure on a United Airlines flight, federal regulators had met about requiring more frequent inspections of the same type of engine, CNN reported citing the source. On Saturday (local time), United Airlines Flight 328 made an emergency landing in Denver when its right Pratt and Whitney PW4000 series engine […]
FAA met to discuss more frequent engine inspections days before Denver incident
Only days before a dramatic engine failure on a United Airlines flight, federal regulators had met about requiring more frequent inspections of the same type of engine, CNN reported citing the source. On Saturday (local time), United Airlines Flight 328 made an emergency landing in Denver when its right Pratt and Whitney PW4000 series engine […]