Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share. In a stock exchange filing, Swan said pricing of the issue would be decided on February 26. Swan Energy, in December 2023, acquired Reliance Naval and […]
Day: February 21, 2024
Juniper Green Energy, Envision tie up to develop 300-MW wind project in Guj
Juniper Green Energy and Envision Energy have collaborated for the development of a 300-MW wind energy project in Gujarat. As per the partnership, Envision will supply 91 units of EN 156-3.3 MW WTGs (wind turbine generators) and oversee the installation, commissioning and maintenance of all WTGs. The project is expected to be commissioned in a […]
NTPC arm NGEL partners with Andhra govt to develop green hydrogen hub
NTPC arm NGEL has signed an agreement with the government of Andhra Pradesh for the development of an integrated green hydrogen hub. The land lease agreement was signed between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the said project near Pudimadaka village of Atchutapuram Mandal in Visakhapatnam district, NTPC […]
American Airlines raises bag fees, changing how customers earn flyer points
American Airlines is pushing customers to buy tickets directly from the airline if they want to earn frequent-flyer points, and it is raising the cost of checking bags. American announced on Tuesday that most customers will have to buy tickets directly from the airline or its partner carriers if they want to earn points in […]
ATR sees India as its biggest market in 10 years as air travel demand soars
Turboprop aircraft manufacturer ATR expects India to become its largest market within the next decade amid the rising demand for regional air travel in the country, Jean-Pierre Clercin, the company’s head of commercial for Asia Pacific, told Business Standard. At present, 67 ATR planes are in operation in India, with IndiGo operating 45, Alliance Air […]
Flying high: Big spike in airfares, demand for hotels during Holi week
If you are planning to travel around Holi this year, brace for sky-high airfare. During the week of the festival next month, travellers are likely to feel the pinch on popular routes as more than one-fifth of Indian carriers’ aircraft are grounded and demand remains robust. In March, Indian carriers are slated to operate 21,299 […]
HAL, DRDO to begin Rs 60,000 crore Sukhoi fighter jet fleet upgrade
Hindustan Aeronautics Limited (HAL), with support from the Defence Research and Development Organisation (DRDO), will be involved in the Rs 60,000 crore worth upgrade of the Su-30MKI fighter jet fleet, according to a report by the Economic Times (ET). The project, approved by the defence ministry, aims to enhance the aircraft’s capabilities with new radars, […]
Airlines witness dip in use of freight-carrying capacity in January
Airlines used less of their freight-carrying capacity in January compared to December. The weight load factor for domestic airlines dipped to 73.9 per cent in January from 74.6 per cent in December. It dropped to 72.5 per cent for international airlines compared to 78.2 per cent in the previous month. The weight load factor measures […]
DGCA gets notice over man’s death who had to walk for lack of wheelchair
The NHRC has sent a notice to the Directorate General of Civil Aviation (DGCA) over reports that an 80-year-old man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk. Reportedly, the US-based Indian-origin man collapsed after walking for about 1.5 km on the […]
PM Modi launches Rs 32,000 cr worth of development projects in J-K
Prime Minister Narendra Modi on Tuesday launched multiple development projects, including for education, railway, aviation and road sectors, in Jammu and Kashmir worth over Rs 32,000 crore. From Jammu, the prime minister also launched or laid foundation stone of projects worth Rs 13,500 crore across the country. These projects include Indian Institutes of Technology (IITs), […]
JICA signs Rs 2,800 cr loan pact for Chennai peripheral ring road project
Japan International Cooperation Agency (JICA) signed a loan agreement amounting to 49,847 million Japanese Yen (Rs 2,809 crore) for the construction of the Chennai Peripheral Ring Road Project (Phase 2) in the state of Tamil Nadu. The Chennai Peripheral Ring Road is placed as one of the priority projects in the “Comprehensive Integrated Master Plan […]
JSW Group, Volkswagen in talks for electric vehicle joint venture in India
Sajjan Jindal’s JSW Group is currently engaged in discussions with Volkswagen Group to establish a joint venture for electric vehicle (EV) manufacturing in India, according to a report by MoneyControl. The negotiations may soon enter an exclusivity period, during which both parties would refrain from engaging with other potential partners. These discussions reportedly commenced earlier […]