NEW DELHI : National Highways Authority of India (NHAI) on Friday said its daily toll collection through FASTag has reached about ₹104 crore. Following the mandatory payment of user fee through FASTag at the toll plazas from February 16, 2021, toll collection through FASTag has seen consistent growth, it said. “The toll collection during this […]
Day: February 27, 2021
Shell’s Indian arm set to begin retail sales of LNG
The India unit of Royal Dutch Shell is planning to start retail sales of liquefied natural gas (LNG) in the country, a top company executive said. Last June, the Petroleum and Natural Gas Regulatory Board (PNGRB) opened up LNG retailing to all eligible entities, aiming to promote LNG as an alternative fuel for heavy vehicles, […]
Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit
NEW DELHI : Vedanta Resources on Friday said it has raised $1.2 billion in a bond offering that saw strong investor interest. The 8.95% bonds due for March 2025 “will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited,” it said in […]
Amplus eyeing Renew’s solar rooftop portfolio
Amplus Energy Solutions Pvt. Ltd is in talks to acquire Goldman Sachs-backed ReNew Power’s rooftop solar portfolio of 140 megawatts (MW), said two people familiar with the matter on condition of anonymity. The proposed deal by Amplus, owned by Malaysia’s state-run oil and gas firm, Petroliam Nasional Bhd, could rank among the largest so far […]
Boeing CEO asked to testify in crash litigation
Relatives of victims of a Boeing Co 737 MAX crash in Ethiopia that occurred five months after an Indonesian Lion Air disaster are stepping up pressure on the American planemaker and the federal government, according to a court filing and a letter to U.S. lawmakers. Families have called for testimony from Boeing Chief Executive Dave […]