Contract manufacturing startup Zetwerk Manufacturing Businesses has bagged an order worth Rs 126.55 crore from L&T for the Mumbai-Ahmedabad (MAHSR) bullet train project, the company said on Thursday. The startup will supply 10,000 metric tonne (MT) fabricated girders to support the load-bearing capacity of the steel bridges that Larsen & Toubro is fabricating for laying […]
Category: Business Standard
Business Standard
How villagers living near coal power plants lost health, water security
With the pallu of her saree covering her head, Shakuntala Shende made her way from the village health centre to her house in a narrow lane in Nagpur district’s Khairi village, a visit she makes several times in a year. She has patches on her hands that have turned black and itch painfully. The treatment […]
Top industrial states plan to import 10.5 mn tonnes of coal to beat crisis
Three of India’s most industrialised states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push global coal prices to new highs. The scale of the purchases and the decision to go back on a plan to cut coal imports underscore […]
Govt moves ahead with proposal to merge Coal India arm with MECL
The government is moving ahead with a proposal to merge Coal India arm CMPDI with the Mineral Exploration and Consultancy Ltd (MECL) and will prepare a cabinet note on the same. Central Mine Planning & Design Institute Ltd (CMPDI) is the planning and design arm of Coal India Ltd (CIL). The mines ministry, in a […]
Oil edges higher on concerns over Russia, Libya supply disruption
NEW YORK (Reuters) -Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade. Brent crude futures settled up $1.53 to close at $108.33 a barrel, after earlier reaching a high of $109.80. U.S. West […]
Going green: How to ditch fossil fuels powering the bitcoin network
For the past year a company that mines cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana. But with the cryptocurrency industry under increasing pressure to rein in the environmental impact of its […]
Oil prices rise as investors focus on lower supply from Russia, Libya
Oil prices rose on Thursday as concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports, days after diminished supplies from Libya rocked the market. Brent crude futures rose $1.11, or 1%, to $107.91 a barrel at 0852 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 87 cents, […]
India sends one more consignment of 40,000 MT of diesel to Sri Lanka
India on Thursday said it has delivered one more consignment of 40,000 MT of diesel to Sri Lanka under the Indian credit line to help ease the acute power crisis in the island nation. A total of close to 400,000 MT of various types of fuel have been delivered with Indian assistance in two months, […]
India keen to boost oil imports from Brazil: Hardeep Singh Puri
India, the world’s third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said on Thursday after a meeting with Brazilian Energy Minister Bento Albuquerque. Currently India imports only a fraction of its oil imports from Brazil. “We have expressed to the honourable minister that we […]
Govt may revisit BPCL privatisation, including revising the terms of sale
The government may take a fresh look at BPCL privatisation, including revising the terms of sale, an official said. “We need to go back to the drawing board on BPCL. There are issues in terms of consortium formation, geopolitical situation and energy transition aspects,” an official said. The government is selling its entire 52.98 per […]
GAIL, Hindustan Petroleum to pump in Rs 17,000 cr to boost Bengal CNG infra
GAIL, its JV company Bengal Gas Co and Hindustan Petroleum Corporation Ltd’s combined investment in various CNG projects in West Bengal will be Rs 17,000 crore over the next five years, senior officials said on Thursday. The projects include piped gas distribution and setting up of Compressed Natural Gas (CNG) stations. Availability of the green […]
Ashok Leyland arm lines up £300-million electric vehicle investment
Switch Mobility, the electric vehicle arm of Ashok Leyland, has lined up investments of about £300 million across the UK and India to develop its range of electric buses and light commercial vehicles. On Thursday, UK Prime Minister Boris Johnson praised Switch Mobility and its investment in the UK and India during his trade visit […]