SpiceJet is getting a Q400 plane from Nordic Aviation Capital (NAC) because they made a deal last year. This deal means SpiceJet now owns six Q400 planes, including five they already had from NAC. This deal saves SpiceJet money because they don’t have to pay monthly rent for these planes anymore. The sixth Q400 plane […]
Day: April 2, 2024
Oil gains on expectations for higher demand as Middle East concerns rise
Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world’s biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region. Brent futures for June delivery rose 41 cents to $87.83 a barrel by 0440 GMT. U.S. […]
IREDA logs highest-ever loan sanctions, disbursements in FY23-24
State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday said that it has recorded its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. The company has sanctioned loans amounting to Rs 37,354 crore and disbursed loans worth Rs 25,089 crore during the fiscal year 2023-24, an IREDA statement said. According to the statement, this […]
IRB Infra Trust SPVs make payment of Rs 6,111 cr to NHAI for TOT projects
IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]
Haldia Petchem planning $10 bn oil-to-chemical project in south India
The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL’s chief executive said. The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons […]
Election Commission seeks status quo on highway toll rates
The Election Commission of India has directed the Ministry of Road Transport and Highways not to go ahead with the scheduled revision of toll rates on highways till the election process is completed. The order will impact both publicly funded highways and those operated by private concessionaires. The toll rates on expressways average Rs 2.19/ […]
Coal India’s FY24 production rises 10% to 773.6 MTs, falls marginally short of annual target
State-owned Coal India Limited (CIL) produced 773.6 million tonnes (MTs) of coal in FY 2024, posting a 10 per cent growth over a high base of 703.2 MTs of FY 2023, it reported in an exchange filing. This, per the data shared by CIL, is the first instance that the company recorded double digit growth […]
Jammu-Srinagar NH section shut for aircraft trial run
Traffic was suspended on the Wanpoh-Sangam stretch of the Jammu-Srinagar National Highway in view of an aircraft trial run on the emergency landing strip at Bijbehara on Monday, officials said. The work on the 3.5-kilometre emergency landing strip was started in 2020 and completed late last year. Officials said that security was heightened along the […]
Frequent landslides on NH have Kullu villagers in panic
Frequent landslides between Ramshila and Tapu Pul (Shani Mandir) after the side-cutting of a hill to broaden the road for the four-laning of the national highway (NH) have created panic among residents of Deodhar and Chowki Dobhi villages of Kharal Valley, opposite the Kullu town.
Rampur: Luhri project to see light of day by ‘2026’
The 210-MW Luhri hydropower project, which is under construction, will be ready by January 2026. For this, a target has been set by fixing the responsibilities of all the officials. This information was given by Sunil Chaudhary, head of the project, during a press conference at the project headquarters, Bithal. He said the projects whose […]
NGO installs 2 kW solar power system at government school in Pangi valley
Spiritual leader Sri Sri Ravi Shankar’s Art of Living Foundation, under its Himalayan Development Mission, has installed a 2 kW solar power system at the Government Senior Secondary School, Dharwas, in the remote Pangi valley of Chamba district. The project was launched in a bid to equip schools in remote parts of the state with […]
In case of flight delays, passengers can now exit through airport departure gates
Aviation security watchdog BCAS has issued new guidelines that will allow exit of passengers from an aircraft through an airport departure gate in case there is a long delay in operating the flight after boarding. The latest directive from the Bureau of Civil Aviation Security (BCAS) comes against the backdrop of rising instances of congestion […]