Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
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 […]
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 […]
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 […]
Flyer numbers surge, but fewer flights to ferry them Traffic in India’s domestic air passenger market, the world’s third largest in FY24, may have beaten pre-pandemic levels, but the number of flights during the period declined.Go First suspending its operations, followed by multiple airlines grounding aircraft for want of both spares and engine service, took a toll on the number of flights, data from […]
To add 6000-km of high speed highways to the network: Road Secy 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 […]
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 […]
Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court’s ‘one last opportunity’ to SpiceJet
Southern India can Lead India’s pursuit of 500GW renewable target by 2030: Experts and industry players
Puri railway station to be decorated with wheels of Rath Yatra chariots under Amrit Bharat Station scheme
Northern Railway announces temporary changes in train schedule, Delhi-Ambala train services affected – Here’s why
Vande Bharat Express v/s Vande Metro: Understanding difference in route, frequency, speed and more | Explainer
Northern Railway announces temporary changes in train services due to doubling work; cancels 12 trains, diverts others – Check complete list
Ministry of Railways shares captivating clip of Vande Bharat Express train gliding through serene landscape in Kerala’s Thrissur – Take a look
Exide Industries Q4 profit jumps 37% on recovery in OEM demand, replacement market and EV battery initiatives
Indian Oil Corporation Q4 results: Net profit down 52% on year; declares dividend of Rs 7/share; Here are all other details
Indian air carriers witness 478 snags due to malfunctioning engineering parts in last 12 months: Civil Aviation Ministry
Pune Infra Watch: To make Pune first EV ready city in India, PMC to announce new policy decisions from July 1
2nd round of UDAN bidding Magazine News September 20, 2017 admin To improve regional air connectivity, on August 24, 2017 the government announced increasing viability gap funding (VGF) for helicopter operators and allowing smaller planes, among other concessions, under the 2nd round of bidding for UDAN scheme. Sharing Facebook Twitter LinkedIn Email Print