State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged an order for setting up 1,600 MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III from NTPC. The plant will be set up adjacent to the existing 2,000 MW thermal power station (TPS) at Singrauli in Sonbhadra district of Uttar Pradesh, BHEL […]
Day: March 20, 2024
Adani Green says aware of US probe into third party, denies relationship
Adani Green Energy said on Tuesday it is aware of a U.S. investigation into potential violations of anti-corruption laws by a “third party”, but denied any relationship with the entity. Adani’s comment comes days after Bloomberg News reported that U.S. investigators were probing whether an Adani entity or individuals linked to the company, including founder […]
Reliance Power and its parent entity actively settling dues with lenders
Mumbai: Anil Ambani-led Reliance Power settled the debts owed to three banks – ICICI Bank, Axis Bank, and DBS Bank – last week while its parent Reliance Infrastructure is working towards settling dues of Rs 2,100 crore to JC Flowers Asset Reconstruction Company, said people with knowledge of the matter. “Reliance Power aims to be […]
Adani Green says not received any notice from US Department of Justice on alleged bribery case
Adani Green, which was allegedly in the news for being served a notice by the Department of Justice, USA for ‘potential bribing’ has said that it has not received any such notice. In a statement on the exchange, Adani Green said that it is aware of an investigation by the United States Department of Justice […]
Alpex Solar bags multiple orders worth Rs 43.70 crore in Haryana under the PM-KUSUM scheme
Alpex Solar Limited, a manufacturer of solar systems, on Tuesday announced that it has received prestigious orders for the supply, installation and commissioning of 1434 solar water pumping systems from The Director General, Department of New & Renewable Energy Haryana (HAREDA), Panchkula. The orders have been received under the Pradhan Mantri Kisan Urja Suraksha evam […]
Southward Soar: AAI unveils state-of-the-art terminal buildings plan for Andhra Pradesh and Karnataka Airports
To revolutionise air travel in the southern region of the country, the Airports Authority of India (AAI) has set the ball rolling for its mega plan to construct state-of-the-art terminal buildings at three major airports in Karnataka and Andhra Pradesh. The airports earmarked for transformation include Kadapa Airport in Andhra Pradesh and Hubballi & Belagavi […]
Mumbai Airport boosts connectivity! CSMIA set to handle 8% more weekly flight movements in summer schedule
The Chhatrapati Shivaji Maharaj International Airport (CSMIA) is all set to kick start its bustling summer schedule and increase its weekly flight movements by eight per cent. With this, Mumbai airport’s flight movements will reach 6,657 per week starting from March 31. It may be noted that the summer schedule will be from March 31 […]
Go First bidders increase offer following banks’ nudge, original bid raised by 1-1.5 billion rupees: Sources
Go First bidder has hiked its offer for the bankrupt airline, this move comes after being instigated by the lenders, sources from banking and one person concerned with the development have said, as reported by Reuters. The two companies, Spicejet’s Managing Director Ajay Singh and Busy Bee Airways have increased the bid price between 1 […]
Now fly directly to Sikkim from Delhi, Kolkata! SpiceJet to commence flights from majestic Pakyong airport
Bringing Sikkim back on India’s aviation map, SpiceJet is all set to resume direct flight operations from the breathtaking Pakyong Airport to Delhi and Kolkata. One of India’s highest airports will resume its calendars from March 31 providing seamless connectivity to major cities. The flight operations at the state’s only airport were halted six months […]
Govt sweetens contract terms for BOT highway projects, boost to pure-play PPP projects
To lure private risk capital into highway construction, the government has revised the concession terms for build operate transfer (BOT) projects. Liberal construction support, facility to borrow from non-bank lenders and enhanced compensation if the tariff projections are built into the revised model concession agreement (MCA). The changes are expected to give greater comfort to […]
Reduce unnecessary paperwork of drivers during train ops: Railway Board
The Railway Board has asked all its zones to reduce paperwork of drivers and assistant drivers while they are operating trains so that they can focus more on safety aspects and signals. “Loco pilot and assistant loco pilot have to maintain a memo book and an engine log book. While the memo book is a […]
BPCL signs 4-month US oil purchase deal with BP, delivery to begin in June
Indian state-run oil refiner Bharat Petroleum Corp has signed a deal with BP to buy 1 million barrels per month of US West Texas Intermediate (WTI) crude for four months, trade sources said. BPCL would start taking delivery of the oil from June, they said. The Indian refiner has also separately bought 2 million barrels […]