Mining conglomerate Vedanta Ltd has secured an 11-year term loan of Rs 3,918 crore from Power Finance Corporation Ltd (PFC), sources said. The financial closure will enable Vedanta to expedite completion of its power projects. The group plans to increase the operating capacity of its power business in India to 4.8 GW by FY27, sources […]
Day: April 16, 2024
Edelweiss AIF to deploy Rs 6.5k cr over 2 years; eyes road, energy assets
Edelweiss Alternative Investment Fund (AIF) will deploy Rs 6,500 crore over two years to acquire operating projects in two segments — roads and energy — before it begins to monetise its portfolio through sale to Infrastructure Investment Trusts (InVITs). Subahoo Chordia, head of real assets strategy, Edelweiss Alternatives, said the projects that the fund can […]
BJP manifesto: Party promises energy access through Ujjwala, solar power
The BJP will push a variety of programmes to ensure energy security of the country if it is elected back to power at the Centre. This will include extending existing schemes for energy access and enabling more clean-energy solutions. The flagship Pradhan Mantri Ujjwala Yojana (PMUY) will be expanded further and piped gas connections will […]
Travel portal ixigo finds lowest fare at Rs 150 for a 50-min flight
Shell out just Rs 150 as base airfare and take a 50-minute flight from Lilabari to Tezpur. Not just this route, there are many more flights where the base ticket price is less than Rs 1,000. All of them are operated under the regional air connectivity scheme that provides various incentives for the airline operators. […]
Govt asks imported coal-based plants to run full capacity till October 15
The Ministry of Power has asked all thermal plants using imported coal to operate at full capacity for another three and a half months till October 15 to avoid electricity shortage amid rising demand in the country. The ministry has projected peak power demand of 260 GW during the summer season (April to June) in […]
‘1-2 minutes of fuel left’: IndiGo passenger faces ‘harrowing experience’
An IndiGo flight from Ayodhya to Delhi on Saturday, April 13, reportedly had a close shave after it was forced to divert to Chandigarh due to low fuel levels, according to a passenger. The incident has raised safety concerns, with passengers and a retired pilot alleging that IndiGo may have breached Standard Operating Procedures (SOPs). […]
Delhi Airport’s T2 conversion to all-international delayed till next April
The proposed transformation of Indira Gandhi International (IGI) Airport’s Terminal 2 (T2) into an exclusively international terminal has been delayed until early next year, the Times of India reported on Monday. The move by the Delhi International Airport Ltd (DIAL) is aimed at preventing a repeat of the previous winter, when crucial infrastructure, specifically the […]
Air India suspends Tel Aviv flights; airlines avoid Iranian airspace
With the Middle East tensions flaring up, Air India has temporarily suspended its Tel Aviv flights and airlines have charted alternative flight paths to avoid the Iranian airspace. Longer flight paths will result in increased operational costs for the carriers, and the situation could also push airfares higher. Air India, Vistara, IndiGo and some international […]