Power industry players are seeking revision of Transmission Corporation of Andhra Pradesh Ltd (AP Transco) tender for setting up India’s largest energy storage project of 400 MW capacity with 8 hours of daily discharge. In a letter to the transmission utility, seen by BusinessLine , the Confederation of Indian Industry (CII) Andhra Pradesh said the […]
Category: Business Line
Business Line
Uttar Pradesh to get 40 paise/unit cheaper power from plant
Uttar Pradesh Power Corporation will get 40 paise per unit cheaper electricity from Prayagraj Power Generation Company’s plant at Bara in Prayagraj district, which will translate into savings to the tune of ₹500 crore annually. An arm of Tata Power-backed Resurgent Power Ventures, Renascent Power Ventures, which has acquired 75.01 per cent stake in the […]
Power sector woes: Govt departments owe Discoms over Rs. 30,000 crore
Power distribution companies (Discoms) need to recover over Rs. 30,000 crore from State government departments alone. The quantum of dues is staggering even after netting off the Electricity Duty that is to be paid to State governments by the Discoms. According to data compiled by the Centre, Discoms are left with dues worth over Rs. […]
BHEL to set up solar-based EV charger network on Delhi-Chandigarh highway
State-run Bharat Heavy Electricals Ltd on Monday said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh highway. The project is covered under Department of Heavy Industry’s FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India). “The establishment of electric vehicle (EV) chargers at regular […]
Adani Group’s power SEZ gets Centre’s nod post norms tweak
Project in Jharkhand to span 425 hectares Less than two months after amending the power sector guidelines for special economic zones (SEZs) enabling standalone power plants to qualify as SEZs and be eligible for tax sops, the government has approved Adani Power’s request to set up a power sector SEZ in Jharkhand. “Adani Power’s renewed […]
Malaysian flying car could be beyond grasp of commoners
Malaysia says it is trying to develop its first flying car, but it won’t let the general public drive it. Malaysia’s flying car will instead be developed for transport-service companies, Bernama news agency said, citing the country’s Entrepreneur Development Minister Mohd Redzuan Yusof. Joining the race Companies are queuing up for the vehicle, including Grab, […]
Is there some light at the end of the tunnel for domestic aviation?
The deep pain in the Indian aviation sector was again reflected in the financial performance of the three listed airlines in the December 2018 quarter. IndiGo and SpiceJet saw their profits crash 75-77 per cent year-on-year (y-o-y) to Rs. 191 crore and Rs. 55 crore, respectively, while Jet Airways posted a loss of Rs. 588 […]
‘Chhatrapati Shivaji Airport features unique displays’
Ajay Mehra, Director, India and South Asia, Bombardier Commercial Aircraft My favourite airport : T2 at Chhatrapati Shivaji airport in Mumbai. What I like about it : It’s new, with all up-to-date facilities, and the artefacts collected and displayed in quite a unique way, bringing together India’s ancient lifestyle and different habitats. Its functional, yet […]
GoAir to phase out its A320 CEO fleet for ‘fuel efficiency’
The airline business has to factor lean and peak seasons from multiple perspectives – including sales, marketing and maintenance of the aircraft In a bid to drive better fuel efficiency, GoAir has decided to phase out its A320 CEO fleet and replace it with an all A320 NEO fleet “Our plan is to sub-lease most […]
For fuel efficiency, GoAir to replace A320 CEOs with NEOs
In a bid to drive better fuel efficiency, GoAir has decided to phase out its A320 CEO fleet and replace it with an all A320 NEO fleet “Our plan is to sub-lease most of our A320 CEO fleet, and therefore, these aircraft have to undergo “re-delivery engineering” checks,”said an airline spokesperson. “Our strategy is to […]
Jet Airways — on rapid descent
Over the last few months, Jet Airways has been in the news for all the wrong reasons. It has been forced to return aircraft to leasing companies as it has not been able to pay lease rentals, cancel flights, and see over 150 of its pilots leave the airline. So serious is the airline’s financial […]
Jet Airways’ staff union flags concern over job loss from reduced operations
After pilots, now the ground staff union of Jet Airways has expressed concerns over removing employees under the garb of reduced operations and delays in salary payments. In a letter to the management, All India Jet Airways’ Officers and Staff Association (AIJAOSA) said: “The management of the company has in the last year been short-sighted […]