Power Mech Projects Ltd on Thursday said it has secured an order worth Rs 305.81 crore from the South East Central Railway in Chhattisgarh. The project involves construction of electrified fourth railway BG (Broad Gauge) line in between Rajnandgaon-Dongargarha and Bhilai-Durg link block station in Chhattisgarh, a company statement said. The contract will be executed […]
Day: March 15, 2024
National highways construction up, but govt may miss award target
With a month from the close of the financial year, construction of national highways (NH) in the country in FY24 has been nearly 13 per cent higher than the last financial year at 9,088 kilometres (km), data by the ministry of road transport and highways shows. However, the government is likely to miss its target […]
India approves e-vehicle policy with tax relief to rev up manufacturing hub dream; boosts Tesla entry plans
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hub, while the Asian nation seeks to attract foreign money for local production from the likes of Tesla. India plans to lower import taxes on select EVs for companies committing […]
Domestic air traffic rises 4.8 per cent to 126.48 lakh in Feb
Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India’s market share rose to 12.8 per cent from 12.2 per cent while that […]
ACC bags Lamatola coking mine on 3rd day of auction
Cement major ACC Ltd bagged the Lamatola coking coal block situated in Madhya Pradesh on Thursday in the ongoing nineth round of auction of commercial coal mines, according to an official release. ACC submitted the final bid offering a premium of 16.75 per cent against the reserve price of 4 per cent. “Including today’s auction, […]
Four states account for over half of India’s renewable potential: MoSPI
Four states accounted for over half of the country’s renewable energy potential, with Rajasthan having the highest share, followed by Maharashtra, Gujarat and Karnataka, according to data released by the Ministry of Statistics and Programme Implementation Thursday. “The geographic distribution of the estimated potential of renewable power shows that Rajasthan has the highest share of […]
Adani Green Energy operationalises 300 MW wind power project in Gujarat
New Delhi: Adani Green Energy on Thursday said it has operationalised the 126 MW capacity of a 300 MW wind power project in Gujarat. The 174 MW capacity was operationalised earlier. The project will produce 1,091 million electricity units, leading to a reduction of approximately 0.8 million tonnes of CO2 emissions annually, according to a […]
JSW Energy arm gets 700 MW project from SECI
New Delhi: JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received a Letter of Award for a 700 MW inter-state transmission system solar project from Solar Energy Corporation of India (SECI), an exchange filing said on Thursday. With this awarded capacity of 700 MW (Megawatt), the company’s total locked-in generation capacity increased […]
Private oil companies grab bigger share of aviation fuel market
Private players are grabbing a larger share of India’s growing aviation fuel business as they expand their supply networks and stitch more deals with airlines. Reliance-BP and Shell-MRPL, the two private sector joint ventures, expanded their market share to 9% in February from 5.5% in the same month last year. Their share was 6% in […]
Petrol and Diesel prices slashed by Rs 2 per litre from today; check details
The Petroleum Ministry announced on Thursday that prices of petrol and diesel in the country would be reduced, starting Friday, March 15, after oil marketing companies (OMCs) decided to revise prices across the country. Petrol in Mumbai will cost Rs 104.21 a litre from Friday, Rs 103.94 in Kolkata and Rs 100.75 in Chennai. A […]
Peak power demand up to 220 GW as temperatures rise
Peak power demand in India touched 220.55 GW on March 13 as temperatures rose across the country, much higher than the 206.8 GW on the corresponding day last year. It also surpassed the 209-GW level recorded a year back in the same month. The peak demand so far in the month, is however, lower than […]