The Union government has executed highway projects worth 4000 km so far and plans to add another 6000 km to this network in the coming years, a top official at the Ministry of Road Transport and Highways said. According to road secretary Anurag Jain, “We would like to call them high speed corridors for seamless […]
Day: May 1, 2024
SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
The Indian Railways has awarded a Rs 817.74 crore wagon manufacturing contract to a joint venture of SAIL and RITES. These Bogie Open Wagons (BOXNHL) are aimed at transporting coal and iron ore. According to officials aware of the move, the tender for 2000 such wagons was awarded in the last week of April to […]
NHAI set to incorporate wayside amenities into design of highways
In a shift in strategy, National Highways Authority of India (NHAI) is set to incorporate wayside amenities into the design of upcoming greenfield access-controlled highways, aiming to elevate the overall travel experience. As per the plan under discussion, these amenities could be used for landing drones, building helipads and to open retail outlets for selling […]
IOC shares decline over 4 pc as net profit halves in Q4
Shares of Indian Oil Corporation (IOC) on Tuesday declined over 4 per cent after the company reported a halving of its March quarter net profit. The stock dropped 4.44 per cent to settle at Rs 168.95 apiece on the BSE. During the day, it tanked 4.97 per cent to Rs 168. On the NSE, it […]
GE T&D India gets order from Powergrid to set up transmission asset management centre in Odisha
GE T&D India on Wednesday said it has secured an order from Powergrid to set up a state transmission asset management centre (STAMC) in Odisha. The centre will help Odisha Power Transmission Corporation Limited (OPTCL) to operate the grid through real-time monitoring and control. It will help OPTCL to optimize grid operations, integrate renewable energy […]
Adani Total Gas net profit rises 59 pc in Q4
Adani Total Gas Ltd, the city gas retailing joint venture of Adani group and TotalEnergies of France, on Tuesday reported a 59 per cent rise in March quarter net profit on the back of a surge in CNG sales volumes. The company posted a net profit of Rs 165 crore in the January-March period as […]
Run Tiruchy-Bengaluru Vande Bharat train at least on trial basis to check patronage, railways urged
TIRUCHY: Since the railways is allotting special trains to clear the summer rush, demand for a Vande Bharat train service between Tiruchy and Bengaluru, at least on a trial basis, is gaining momentum. At present, only the Chennai-Tirunelveli Vande Bharat train passes through Tiruchy region and has garnered a good response from commuters. “If they […]
Tamil Nadu: Broad gauge for 13 yrs, no direct train to Velankanni from Chennai
CHENNAI: It has been over 13 years since the railway line from Nagapattinam to Velankanni was converted to broad gauge (BG) and thrown open for service. However, a daily service from Chennai to Velankanni, a popular pilgrimage and tourist destination in the delta district, remains a distant dream. The absence of a direct train from […]
Vijayawada railway division commissions advanced ABS for a stretch of 14.82 km
VIJAYAWADA: In yet another major development and advanced infrastructural upgrade, Vijayawada Division, South Central Railway has commissioned an advanced Automatic Block Signalling (ABS) System for a stretch of 14.82 km between Nidadavolu and Kovvur stations. This aims to enhance safety along the divisional railway network. A total of Rs 21.83 crore will be invested within […]
Chennai residents lose sleep over sporadic power cuts
CHENNAI: With increasing temperatures and surging power demand, several localities in Chennai have been witnessing sporadic power cuts, voltage fluctuations, and short circuits, even during nights. Residents of Velachery, Medavakkam, Taramani, and nearby areas have complained of such disruptions, making their nights miserable. K Subbaraman (70), a resident of Medavakkam, told TNIE, “We have been […]
India saved USD 13 billion by importing discounted Russian crude
NEW DELHI: India has saved around $13 billion by importing discounted crude oil from Russia in the past two years, according to a study by ICRA, the rating agency. However, the rating agency’s report also highlights a decreasing trend in the discount on crude year-on-year. India, being one of the largest energy consumers globally, has […]
Centre cuts windfall tax on crude petroleum
NEW DELHI: The government has cut windfall tax on domestically produced crude oil to Rs 8,400 per tonne from Rs 9,600 per tonne with effect from Wednesday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF, has been […]