German firm SFC Energy and FC TecNrgy have inked a pact to enter into manufacturing of hydrogen and methanol fuel cells in India. The venture plans to set up a manufacturing unit, Research & Development and a repair centre in Gurugram, Haryana, a statement said. Further, they have also announced the launch of EFOY Hydrogen […]
Category: Business Standard
Business Standard
India staring at power outage in multiple states amid coal crisis
Amid rising power demand in the country due to a continued heat wave, India is staring at an electricity crisis accentuated due to a coal shortage at over 150 power plants. The coal stock position at the Central Election Authority (CEA) supervised 173 power plants stood at 21.93 million tonnes (MT), which, according to a […]
Adani Power enters top-50 most-valued firms club; zooms 109% in a month
Adani Power entered the list of top-50, most valued companies, in terms of market captialisation (market cap), in the country as the stock price of company more-than-doubled in the past one month. The Gautam Adani-led Adani Group Company, engaged in the electric utilities business hit a new high of Rs 259.20, on gaining 5 per […]
Go First gets AAI nod for night parking at Jammu, Srinagar airports
Private airliner Go First, formerly known as GoAir, has become the first airline to receive approval from the Airports Authority of India for night parking at Srinagar as well as Jammu airports, officials said on Friday. Lieutenant Governor Manoj Sinha launched the night parking facility at the airports on Thursday. This provision will ensure late […]
Drone service sector will provide one lakh jobs in 4-5 years: Scindia
The drone service sector holds tremendous promise and will provide about one lakh jobs in the next four-five years, Aviation Minister Jyotiraditya Scindia said on Friday. “We took out a productivity-linked scheme for the drone sector where a nascent industry of drone manufacturing — which had a total revenue of Rs 60 crore — was […]
Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report
India will finalize the sale of state-owned helicopter service provider Pawan Hans Ltd. this week and has received bids from companies including JSW Steel Ltd. and Jindal Steel & Power Ltd., according to people with the knowledge of the matter. A group of officials headed by Cabinet Secretary Rajiv Gauba is meeting on Saturday to […]
Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising
IRB Infrastructure Trust, the private InvIT sponsored by IRB Infrastructure Developers and Singapore-based sovereign fund GIC Affiliates, has completed total fundraising of Rs 243 crore. IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT. IRB […]
Zetwerk bags Rs 126 crore order from L&T for bullet train project
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 […]
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 […]