India’s Adani Group is in advanced talks with West Asia-based sovereign funds to raise up to $2.6 billion for its airport expansion and green hydrogen projects, the Business Standard daily reported late on Sunday. The Adani Group’s flagship firm Adani Enterprises may reduce its stake in either the airport-holding firm or the green hydrogen business, […]
Day: February 15, 2024
National coal index falls 5% in Dec, shows sufficient availability in mkt
Indicating sufficient coal availability in the market, the National Coal Index (NCI) declined 4.75 per cent in December. The NCI was at 155.44 points in December 2022, the coal ministry said in a statement on Thursday. This decline shows a strong supply of coal in the market, with sufficient availability to meet the rising demand. […]
KPI Green Energy net profit rises to Rs 50 cr in Q3
KPI Green Energy Ltd on Wednesday posted a 47 per cent rise in consolidated net profit to Rs 50.60 crore in the December quarter, supported by higher income. It had clocked a net profit of Rs 34.45 crore in the year-ago period, the company said in an exchange filing. The company’s total revenue surged to […]
Global LNG demand to rise by over 50%, reach around 625-685 million tonnes a year by 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50 per cent by 2040, with industrial coal-to-gas switching gathering pace in China and South Asian and South-east Asian countries using more LNG to support their economic growth, said Shell’s LNG Outlook 2024. Global trade in LNG reached 404 million tonnes […]
Soon, pay entry tax in Himachal via FASTag
The Cabinet at a meeting chaired by Chief Minister Sukhvinder Singh Sukhu here today approved the New Mining Policy-2024 aimed at cubing illegal mining and generating employment avenues. It also gave nod to filling 80 posts of mining guard in the Industries Department.
Delhi-Mumbai Expressway project: Nitin Gadkari reviews progress, asks NHAI to speed up work
Union Minister of Road Transport and Highways Nitin Gadkari took stock of the progress of the construction work (Package-I and Package-II) at the DND-Sohna highway, a part (spur), of Delhi-Mumbai Expressway today. He directed officials of National Highways Authority of India (NHAI) to ensure completion by the due date.
Construction of Delhi-Vadodara-Mumbai Expressway: NGT imposes Rs 45 cr penalty on NHAI
The National Green Tribunal (NGT) has imposed a penalty of Rs 45 crore on the National Highways Authority of India (NHAI) for filling up a pond and encroaching on two nullahs at Kiranj village in Nuh and for illegal construction and cutting of trees at Hajipur village in Gurugram, for constructing a stretch of the […]
Amritsar-New Delhi airfares surge six times in 2 days
Due to ongoing farm protests leading to restrictions on the land route, the Amritsar-New Delhi airfare has seen a six times increase. On normal days, the fare ranged between Rs 3,500-4,000 one-way per seat. Yet, it has skyrocketed to Rs 12,000-25,000. There are three airlines, Air India, Vistara and Indigo, which operate 10 direct flights […]
PSPCL SDO, official held for taking Rs 30,000 bribe
The Punjab Vigilance Bureau (VB) today arrested Sub Divisional Officer (SDO) Harbans Singh and revenue accountant Khushwant Singh while allegedly accepting a bribe of Rs 30,000. Both were posted at the PSPCL office at Bhawanigarh in Sangrur district.
IndiGo inks pact with BOC Aviation for four aircraft
Singapore-headquartered BOC Aviation Ltd on Wednesday said it had entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft.
309 rail passengers from Karnataka lost lives in five years
MYSURU: Despite repeated warnings from the railway department on the precautions to be taken while crossing the railway lanes or boarding and deboarding from the moving trains, incidents of passengers being injured or killed in accidents are being reported regularly. As per the reports of the railway department, 309 people have lost their lives in […]
Metro Phase-II land purchase cost goes up by Rs 438 crore
BENGALURU: Bengaluru Metro’s Phase-II project’s land acquisition cost has gone up by Rs 438.26 crore. Widening of roads, addition of a depot and a station and service roads have forced Bangalore Metro Rail Corporation Ltd (BMRCL) to acquire an additional 44 hectares of land, jacking up the cost. The overall cost of the 72-km network […]