In an effort to aid Electric Vehicle (EV) migration in the country, Tata Power plans to increase its national network of charging infrastructure four-fold. Currently, Tata Power has 170 EV charging points in India, and the company plans to grow this to 700 by the end of FY21. As a part of this initiative, Tata […]
Category: Business Line
Business Line
CV Anand takes over as NTPC Regional ED (South)
CV Anand has taken over as the Regional Executive Director (South) of NTPC Ltd, at its Southern Region Headquarters in Hyderabad. Prior to this he was the Regional Executive Director of NTPC Western Region-I in Mumbai and was also holding additional charge as Regional Executive Director of Southern Region. A mechanical engineering graduate from Sri […]
Covid-19 brings urgency of green revolution in energy sector to forefront: Gautam Adani
The Covid-19 pandemic could provide an opportunity for companies to think of a greener future for the energy sector, according to Gautam Adani, Chairman, Adani Group. “Covid-19 challenges the fundamental assumptions of our lives, the urgency of a green revolution in the energy sector gains greater importance,” Adani wrote in a blog post on LinkedIn. […]
Adani Power’s subsidiary signs PPA with MMPCL
Adani Power’s wholly owned subsidiary Pench Thermal Energy (MP) has signed a Power Purchase Agreement (PPA) with Madhya Pradesh Power Management Company Limited (MPPMCL). Pench Thermal, formerly known as Adani Pench Power will procure 1,230 MW of power on a long term basis from MPPMCL, which is a government of MP undertaking, Adani Power said. […]
Power Ministry prepares ₹3 lakh crore scheme for Discom reforms
The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this new scheme, an official statement said. The contours of this scheme were discussed during a meeting between the Ministry of […]
SpiceJet gets permission to conduct drone trials
SpiceJet has received formal approval from the Directorate General of Civil Aviation (DGCA) to conduct drone trials. Post trials and approvals, SpiceXpress, the cargo arm of SpiceJet, plans to use drones for medical, essential supplies and e-commerce products, it said in a statement. “Testing of drone technology for last-mile connectivity and cost-effective cargo deliveries are […]
Jet Airways receives EoI from 4 players
Jet Airways has received interest from seven entities as the deadline to submit an expression of interest (EoI) expired on Thursday. While four have submitted a formal EoI, others have sent e-mails expressing interest but seeking more time. South America’s Synergy Group, which had submitted an EoI earlier, has once again shown interest, according to […]
JetAirways crisis: Deadline for submission of EoI is today
The deadline to submit a fresh expression of interest (EoI) for Jet Airways ends on Thursday (today). This will be the fourth attempt by Jet Airways’ lenders to resurrect the airline. In the previous rounds, Prudent ARC, a consortium of Enso Group and Russia-based Far East Development Fund and South American Conglomerate, Synergy group were […]
Air India employee unions write to PM asking for Rs 50,000 crore financial package for the airline
The national carrier, Air India’s Joint Forum of Air India unions, associations, guilds, federations, and trusts, has written a letter to the Prime Minister seeking a financial package worth Rs 50000 crores for Air India. “Air India has always performed national duties irrespective of the serious risks involved. It has been established beyond doubt that […]
Global airlines body urges Indian govt to provide more financial aid to airlines
The International Air Transport Association (IATA) has urged the government to support airlines in India. “We are a bit disappointed by the financial relief announced (as) almost nothing is devoted for airlines,” said Alexandre de Juniac, IATA’s Director General (DG) and Chief Executive Officer, on Friday evening. Dip in flight passengers The IATA’s DG said […]
Twin NHAI packages provide relief to toll concessionaires
The twin relief measures for toll concessionaires in the form of an extension in the concession period, and a proposal to grant COVID-19 loans will cushion near-term cash flow mismatches and lessen the impact on long-term returns to a large extent. However, the developers who have been approved a debt moratorium are not eligible for […]
Oil slides on US-China tensions, OPEC+ uncertainty
Oil futures tumbled on Wednesday after United States (US) President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts. Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call […]