India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation’s exploration areas, the Guyanese minister for natural resources said on Thursday. “We will make a decision at some point in time” on crude oil sales to India in a long-term deal, Vickram Bharrat told reporters on […]
Day: February 9, 2024
Petronet plans to begin supplying LNG to Sri Lanka in 2025 for five years
India’s state-run Petronet LNG plans to begin supplying liquefied natural gas (LNG) to neighbouring Sri Lanka for five years starting in 2025, its chief executive said on Thursday. Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the […]
LG Energy plans to sell batteries to more electric scooter makers in India
South Korea’s LG Energy Solution, the biggest supplier of battery cells to electric scooter makers in India, plans to grow its presence in the country’s passenger vehicle market, the company said in a statement on Thursday. LG Energy, which globally supplies batteries to car makers like Tesla and Hyundai, said it is “proactively seeking partnerships” […]
Power Finance Corporation Q3 result: Net profit rises 20% to Rs 6,294 crore
State-owned Power Finance Corporation on Thursday said it has posted an over 20 per cent rise in its consolidated net profit to Rs 6,294.44 crore in the December quarter, on the back of higher revenues. The company’s consolidated net profit was Rs 5,241.10 crore in the quarter ended on December 31, 2022, according to a […]
Looking to extend Digi Yatra facility to international passengers: Scindia
Providing Digi Yatra facility to international passengers is a complex task, and the Ministry of Civil Aviation is coordinating with the Ministry of External Affairs (MEA) and the Ministry of Home Affairs (MHA) on this matter, Aviation Minister Jyotiraditya Scindia said on Thursday. Passengers who have enrolled on the Digi Yatra app can pass through […]
Boeing ‘undoubtedly’ making progress on quality issues: Avolon CEO
Boeing is “undoubtedly” making significant progress in getting on top of quality issues, the head of Avolon, the world’s second largest aircraft leasing firm and a major Boeing customer, said on Thursday. Boeing was hit by the latest in a series of problems on Jan. 5 when a door panel flew off one of its […]
Trying to complete Chennai-Bengaluru greenfield expressway by Dec: Gadkari
Gadkari said he had also spoken to Tamil Nadu Chief Minister M K Stalin and conveyed to him the problems faced by the NHAI in the construction of highways in the state. “I do not want to politicise the issue. But without getting aggregate, without getting all the things that we need for the road […]
Total value of asset monetisation in national highways hits Rs 1 trn mark
The total value of asset monetisation in national highways crossed the Rs 1 trillion mark on Thursday after the National Highways Authority of India (NHAI) raised Rs 15,624 crore in the third round offering for its infrastructure investment trust (InvIT), the highway authority said. This is the highest value realised in a single InvIT round […]
Torrent Power Q3 results: Net profit declines by 46% to Rs 374 crore
Torrent Power on Thursday reported a 46 per cent dip in its consolidated net profit to Rs 374 crore in the December quarter compared to the year-ago period mainly due to lower revenues. The company reported a net profit of Rs 695 crore in the third quarter of FY 2022-23, a company statement said. Revenue […]