Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday. TotalEnergies, which owns 5.54 per cent of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate […]
Day: April 22, 2024
Sterling and Wilson Renewable soars 10% as it logs profit after 12 quarters
Shares of Sterling and Wilson Renewable Energy (SWREL) soared 10 per cent to Rs 616.90 on the BSE in Monday’s intra-day. This came after the company’s March quarter (Q4FY24) profit before tax (PBT) and profit after tax (PAT) turned positive after nearly 12 quarters. The company reported PAT of Rs 1 crore in Q4FY24, against […]
China’s state planner warns intensified EV price war on oversupply
China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new […]
Automakers from GM to Volvo eye cuts as 2-way EV charging becomes real
Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight off-peak rates then sell power back to grids at […]
More transformers go bust as KSEB sweats to meet power demand
KOCHI: With the mercury breaching 40 degrees Celsius in many parts of the state, the power network has come under intense strain. According to the KSEB, 578 of its transformers have failed in the past two-and-a-half months. With peak-hour load setting new highs, the board has been fighting frequent outages, voltage fluctuations and blown transformers. […]
73 trains on Ambala-Amritsar route cancelled as farmers squat on tracks
AMBALA: As many as 73 trains on the Ambala-Amritsar route were cancelled on Sunday as farmers continued to squat on tracks at the Shambhu railway station in Punjab’s Patiala district for the fifth day, officials said. The protestors have been demanding the release of three farmers arrested by the Haryana Police during the ongoing stir. […]
Odisha: Power outages due to issues at Discoms’ end: GRIDCO
BHUBANESWAR: With the state reeling under unprecedented heatwave condition and Saturday logging highest temperature of 45.2 degree Celsius at few places, the peak power demand has crossed 6,800 MW for the first time this summer. The real time data of the State Load Despatch Centre (SLDC) said the instantaneous peak demand of the state was […]
Andhra Pradesh: Unending wait for basic amenities in hilltop villages of ASR district
VISAKHAPATNAM: Nestled amidst serene landscapes in the remote hills of Alluri Sitarama Raju district lies a community grappling with the absence of a basic necessity: a safe pathway connecting them to the world below. For the residents of Jajulabanda and Kumburla hilltop villages, even the simple act of casting their votes demands a perilous journey […]
Air India Express flight from Saudi Arabia to Mangaluru diverted to Bengaluru
Bengaluru: An Air India Express flight with 130 passengers on board from Damman International Airport in Saudi Arabia to Mangaluru was diverted to Bengaluru on Saturday morning due to inclement weather. Flight IX 886 finally reached Mangaluru International Airport 7.15 hours later than scheduled. According to an Air India Express spokesperson, “Due to inclement weather, […]
Bengaluru Metro clocks highest ever profit of Rs 130 crore
BENGALURU: For the second consecutive financial year, the Bangalore Metro Rail Network Corporation Limited (BMRCL) has clocked operational profits. It has touched Rs 129.3 crore for the fiscal 2023-2024, the highest ever, said Metro sources sharing the provisional figures readied by them. It has also clocked a ridership figure of 23.28 crore during the period […]
Anti-collision system to be set in 2.2K km tracks in Tamil Nadu, Kerala
CHENNAI: Southern Railway has decided to install Kavach, the anti-collision system for trains, for 2,216 km of tracks across Tamil Nadu and Kerala. During the first phase, the high-density routes — Chennai-Arakkonam (68 km), Arakkonam -Renigunta (65 km), and Chennai-Gudur section (138 km)—will be prioritised, where Vande Bharat express trains are operational, said an official […]
70 per cent of Avinashi Road flyover project work over, to be ready by November
COIMBATORE: The highways department has completed about 70% of the Avinashi Road Elevated Expressway project works in Coimbatore. Officials are set to carry out a dynamic pile load test on the railway overbridge near the Hope college junction next week. Touted as the longest flyover in Tamil Nadu, the Avinashi Road Elevated Expressway project was […]