SAMSUNG E&A, an engineering solutions and project management company, announced it had a contracts signing ceremony for the $6 billion contracts for Fadhili Gas Increment Program from Aramco. The contracts signing ceremony in Dhahran, Saudi Arabia was attended by Wail Al Jaafari, Aramco EVP of Technical Services, Yahya A. Abushal, Aramco SVP of Upstream and […]
Day: April 3, 2024
Oil India plans to start Numaligarh refinery by Dec 2025, chairman says
Oil India plans to start its 180,000 barrels per day (bpd) Numaligarh refinery in the northeastern state of Assam by December 2025, its chairman Ranjit Rath said on Wednesday. The company will set up a trading desk as the refinery would process 110,000 bpd of imported crude, Rath said, adding that the remaining crude requirement […]
NALCO posts record cast metal production at 4.63 lakh metric tonne in FY24
State-owned NALCO has made a record production of cast metal at 4,63,428 metric tonne during the financial year 2023-24. The company has also made its highest-ever metal sales of 4,70,108 metric tonne during the fiscal ended March 31, it said in a statement on Tuesday. The excavation of bauxite reached a record high of 7,600,230 […]
Malaysia Airlines inks initial pact with IndiGo for codeshare partnership
Malaysia Airlines has inked an initial pact with domestic no-frills carrier IndiGo for a codeshare partnership to boost connectivity between the two countries. Moreover, a cooperation agreement between the two airlines will enable both carriers to provide customers with more options and flexibility for seamless travel between Malaysia and India, IndiGo said in a statement. […]
Kolkata Metro’s non-fare revenue soars by nearly 20%, outpacing previous year’s earnings
The Kolkata Metro Railways recorded a massive increase of 19.9 per cent in non-fare revenue earnings for the fiscal year 2023-24, generating more revenue than the last year. A spokesperson for the Metro named Kausik Mitra said they earned Rs 43.56 crore from April 1, 2023, to March 31, 2024, which is more than the […]
High crude oil prices a cause for concern, India’s oil secretary says
Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity, India’s oil secretary Pankaj Jain said on Wednesday. As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices. If oil prices […]
ECoR tops rly zones in freight loading in 2023-24
BHUBANESWAR: East Coast Railway (ECoR) has surpassed all records of Indian Railways in freight loading in 2023-24. The zonal railway has loaded 256.22 million tonne of freight between April 1, 2023 and March 31, 2024 breaking the earlier record. With this, ECoR has become the first zone to cross the milestone of 200 million tonne […]
Vijayawada railway division registers 5.6% growth in earnings
VIJAYAWADA : The performance of the Vijayawada railway division during the 2023-24 Financial Year has been remarkable on all fronts as it has achieved the highest and best performances in all revenue streams. The Gross earnings of Vijayawada Division during 2023-24 is Rs 5,614.13 crore which is 5.69% higher compared to 2022-23. This is the […]
Impasse between BMRCL, Railways over land parcel
BENGALURU: The ongoing road widening work by Bangalore Metro Rail Corporation Limited (BMRCL) in KR Puram, has been held up thanks to a logjam over a parcel of land with the Railways. Two meetings have already been held between the departments to resolve the lingering issue. A spot visit scheduled for Tuesday by officials to […]
Pilot crisis: Vistara flyers stranded in Bengaluru for 13 hrs
KOCHI ; Over 80 passengers of Vistara Airline flight to Kochi were stranded at Bengaluru airport for almost 13 hours after the aircraft, scheduled for take-off at 7.30pm on Monday, did not take off for want of pilots. The flight UK505 left for Kochi only by 8.30am on Tuesday with the Tata-owned Vistara offering no […]
IREDA logs highest-ever loan sanctions, disbursements in FY 23-24
NEW DELHI: 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 […]
DGCA asks Vistara to submit daily report on flight cancellations, delays
NEW DELHI: Aviation watchdog DGCA has asked Vistara to submit a daily report on flight cancellations as well as delays, and is also monitoring the situation to ensure minimum inconvenience to passengers. The move comes against the backdrop of non-availability of pilots forcing Vistara to cancel a significant number of flights in recent days.