Union Minister of Civil Aviation & Steel, Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India’s first green hydrogen plant within the stainless steel sector in a landmark moment for India’s industrial landscape. The inauguration ceremony marked a milestone in India’s journey towards sustainable industrial practices, with the Jindal Stainless’ Green Hydrogen project […]
Day: March 4, 2024
PM Modi launches development projects worth Rs 56,000 crore in Telangana
Prime Minister Narendra Modi on Monday dedicated to the nation and laid the foundation stone of multiple development projects related to power, rail and road sectors in Telangana worth more than Rs 56,000 crore. The PM’s official function here was attended by the State Governor Tamilisai Soundararajan and Chief Minister A Revanth Reddy among others. […]
TPCODL gears up to meet 2,300 MW peak summer load this year
Anticipating a peak load of over 2,300 MW during this summer, the Tata Power Central Odisha Distribution Limited (TPCODL) is gearing up to meet the rising demand of electricity. The distribution utility has set up a centralised power system control centre (CPSCC) in the city which will serve as the hub for real-time monitoring of […]
Nagpur buildings to become net-zero by 2050
Nagpur buildings will be transformed to achieve net-zero emissions by 2050 under an action plan, a statement said. India’s first city-specific Zero Carbon Buildings Action Plan (ZCBAP) has been launched in Nagpur, contributing towards India’s net-zero emission goal by 2070, a statement by ICLEI South Asia said. ZCBAP includes a holistic roadmap covering public buildings, […]
BHEL surges 13% on order hopes as PSU-peer NTPC gives nod for Rs 17,195.3 crore investment in Singrauli project
Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline. The rise in BHEL’s stock is attributed to the board approval of a substantial investment […]
Saudi extends voluntary oil cut of 1 mn barrels per day until mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices. An energy ministry source said Riyadh “will extend its voluntary cut of one million barrels per day, which was implemented in July 2023, until the end of the second quarter of 2024,” the […]
Goa’s Mopa Airport spurs realty activity
Goa’s new Manohar International Airport (Mopa) is spurring property developers to acquire land near the Goa-Maharashtra border for building large townships and exploit a potential surge in demand. Since land is scarce in Goa, developers are acquiring land parcels on the Maharashtra side for large -scale realty projects.
CBI arrests NHAI general manager in Rs 20-lakh bribery case
The CBI has arrested a general manager of the National Highways Authority of India (NHAI) in an alleged bribery case of Rs 20 lakh in Maharashtra’s Nagpur, officials said on Sunday. Arvind Kale, who is also a project director, allegedly received the bribe from a private company, they said. The Central Bureau of Investigation (CBI) […]
Dwarka Expressway: Decade-long wait may end next week. Here is the latest update on inauguration
Prime Minister Narendra Modi is set to kickstart the inauguration of the Dwarka Expressway’s city section on March 11, Union minister and MP Rao Inderjit Singh announced. Prime Minister Narendra Modi is also likely to organise a road show originating from Delhi on the day. While Chief Minister Manohar Lal Khattar also confirmed the inauguration […]
PM Modi to lay foundation of NTPC projects worth Rs 30k cr on Monday
Prime Minister Narendra Modi will lay the foundation of state-owned power giant NTPC’s various projects worth Rs 30,023 crore on Monday. The Prime Minister will dedicate to the nation and lay the foundation of a series of NTPC projects on March 4, 2024, signalling a significant leap towards sustainable development and economic growth, an NTPC […]
Oil rises after OPEC+ extends output cuts
Oil prices rose on Monday after OPEC+ members agreed to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, largely in line with market expectations. Brent futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) rose 20 […]
OPEC to Extend Oil Production Cuts Through June
Saudi Arabia, the de facto leader of OPEC, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. Saudi allies including Kuwait and the United Arab Emirates said Sunday that they would also continue their reductions. The decision to keep output cuts […]