New Delhi: The National Highways Authority of India (NHAI) and the Delhi Development Authority (DDA) are working to expedite construction work on the Urban Extension Road-II, also termed as the third Ring Road, which will connect four national highways ( NH-1, 10, 8 and 2) and provide seamless access between north, northwest Delhi and IGI […]
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Average pace of NH construction in Apr-Dec was 28 km/day: Gadkari
The pace of highway construction during April-December 2020, on average, was 28 km a day amid the COVID-19 pandemic, Parliament was informed on Monday. Total highways constructed across India during the period was 7,767 km, Road Transport and Highways Minister Nitin Gadkari told Rajya Sabha in a written reply.
Moody’s upgrades power sector outlook to stable on generation uptick
Rating agency Moody’s on Monday upgraded the outlook on the power sector to stable from negative, citing the fifth consecutive month of generation growth in January. The Central Electricity Authority last week reported a 3.1 per cent year-on-year growth in power generation in January, making it the fifth consecutive month of generation growth after six […]
GAIL puts West Bengal on India’s gas-map, hurl in greener, cheaper fuel for homes, automobiles
GAIL (India) Ltd, the nation’s biggest gas utility, has put West Bengal on the gas map of India after it completed laying a Rs 2,433-crore pipeline that will bring to the state cooking fuel that is cheaper than LPG and CNG that costs less than petrol and diesel, and fuel to produce urea for all […]
2 trucks carrying 324 LPG cylinders explode near Mumbai
A series of blasts were reported in two trucks carrying nearly 324 filled liquid petroleum gas (LPG) cylinders around 2am on Monday, at an open ground in Ram Nagar, Mira Road (East). Three vehicles were damaged and a bystander got injured. “The trucks were parked at a reserved plot belonging to the Mira-Bhayandar Municipal Corporation […]
United States forces not protecting Syrian oil fields: Pentagon
US forces in Syria are focused on fighting the remnants of the Islamic State group and are not guarding oil fields as previously ordered by ex-president Donald Trump, a US defense official said Monday. Since a US firm contracted last year with the Kurds in northern Syria to help exploit northeastern Syria oil reserves, US […]
EU, UK envoys urge action to resolve fight with US on aircraft subsidies
Envoys from Britain and the European Union on Monday underscored their willingness to negotiate with the new U.S. government to quickly resolve a 16-year dispute over aircraft subsidies that has triggered tariffs on both sides. EU Ambassador Stavros Lambrinidis told a trade conference the dispute had gone on far too long, and China – which […]
State-run ONGC to usher in India’s first geothermal energy in Ladakh
State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it will implement India’s maiden geothermal field development project in Ladakh that will use the heat generated by the Earth’s core to generate clean energy. “A memorandum of understanding (MoU) to formalise this has been inked by ONGC Energy Centre (OEC) with the Union Territory […]
Oil extends rally after rising to pre-Covid high on tight market
Oil extended a rally from the highest level in more than a year on signs the global market is tightening and demand is improving. Futures in New York climbed above $58 a barrel after surging 11% over the past six sessions as oil continued a robust recovery from the Covid-19 pandemic that eviscerated fuel demand. […]
January air traffic growth slows down to 3.5% sequentially: Icra
Domestic air traffic growth slowed down to 3.5 per cent in January on a sequential basis, credit rating agency Icra said in its analysis today. “The Indian aviation industry has witnessed a continued recovery in domestic passenger traffic in January. However the pace of growth slowed down in January 2021 with a sequential growth (over […]
Oil climbs to 13-month highs on output cuts, demand recovery hopes
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.42 […]
BPCL Q3 profit falls 7.3% to Rs 1,901 cr; announces interim dividend
State-owned oil and gas company Bharat Petroleum Corporation Ltd (BPCL) on Monday reported a 7.3 per cent year-on-year decline in consolidated net profit at Rs 1,901 crore for the quarter ended December 31, 2020 (Q3FY21). The company posted a profit of Rs 2,051.43 crore in the corresponding period a year ago (Q3FY20). It was Rs […]