Suzlon Energy’s consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues. The consolidated net loss of the company was at Rs 834.22 crore in the quarter ended March 31, 2020, according to a regulatory filing. Total income rose to Rs 1,141.15 crore […]
Day: June 30, 2021
Suspension of scheduled international passenger flights extended till July 31
The coronavirus-induced suspension of scheduled international passenger flights has been extended till July 31, aviation regulator DGCA said on Wednesday. “However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation (DGCA) added. Scheduled international passenger services have been suspended in India […]
Sterling and Wilson Solar posts Rs 345 crore loss in fourth quarter
Sterling and Wilson Solar Limited on Tuesday reported a consolidated net loss of Rs 344.80 crore for the fourth quarter ended March 2021. The company had clocked Rs 128.59 crore net profit in the year-ago quarter, it said in a BSE filing. The total income of the company in the March quarter stood at Rs […]
Renewable energy companies urge Andhra HC to expedite hearing
Renewable energy companies, solar and wind, with Power Purchase Agreements (PPAs) with the state government, have urged the Andhra Pradesh high court to expedite the hearing on the batch of petitions filed challenging the single judge order. The companies told the high court that they have been facing financial troubles and are on the verge […]
OPEC+ panel sees risk of oil market imbalance after April 2022 -report
An OPEC+ panel has warned of “significant uncertainties” and the risk of a potential global oil market imbalance after April 2022, according to a confidential report seen by Reuters on Wednesday. The panel, known as the Joint Technical Committee, sees an overhang of crude by the end of 2022 under different scenarios looking at supply […]
India’s energy demand set to rise as Covid subsides: India Ratings
India’s energy demand is expected to improve in July 2021, given the settling down of the second Covid wave and re-opening of commercial establishments, India Ratings and Research (Ind-Ra) said in a report. According to the ratings agency, the demand continued to see a recovery in June 2021 on a year-on-year basis. However, this will […]
How SpiceJet is relying on its grounded Boeing 737 Max jets to trim its losses
Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd. hasn’t flown any of its Boeing Co. 737 Max jets for more than […]
Govt issues draft notification on ethanol blending in petrol
Paving the way for the transformation of the fossil fuel ecosystem in the country, the Ministry of Road Transport and Highways has issued a draft notification for facilitating use of a blend of 12 per cent and 15 per cent ethanol in gasoline as automotive fuels. Comments have been invited from stakeholders within a period […]
Chennai Petroleum Corporation raises Rs 775 cr via NCD issue
Chennai Petroleum Corporation has allotted 7750 Unsecured, Listed, Rated, Senior, Redeemable, Non-Cumulative, Taxable, Non-Convertible, Bonds in the Nature of Debentures (Series II – 2022) of Rs. 10 lakh each aggregating to Rs. 775 crore on Private Placement Basis for a tenor of 3 years on 23 June 2021 to meet the funding of CAPEX and […]
80 per cent of planned coal power plants in India, four Asian nations
Asian countries are responsible for 80 per cent of the world’s planned new coal-fired power plants, with India being the second-largest coal power producer with around 250 gigawatt (GW) of operating capacity and 60 GW in the pipeline. This was revealed in the latest report ‘Do Not Revive Coal’ released by the financial think-tank Carbon […]
HPSEBL union seeks jobs for kin of deceased staff
Members of the Himachal Pradesh State Electricity Board Ltd (HPSEBL) Employees’ Union has criticised the board management for neglecting the dependents of deceased employees, who had a natural death. Kuldeep Kharwara, state president of the union, said that there was a provision of 5 per cent reservation for the dependents of the employees, who had […]
Six-laning project from Pipli to Kurukshetra University: Contractors, officials chided for tardy work
Thanesar MLA Subhash Sudha today pulled up officials of PWD (B&R) and a road contractor for the slow pace of ongoing six-laning project from Pipli to Kurukshetra University. It has become an ordeal for local residents as well as shopkeepers on this stretch. The MLA asked the officials and contractor to chalk out a strategy […]