Mumbai: Tata PowerNSE 1.51 % Company plans to raise Rs 2,600 crore through preferential issue of shares and set up an infrastructure investment trust for its renewable energy assets as a part of its strategy to reduce debt and deleveraging the balance sheet of the company. The board of the company approved the issue of […]
Category: The Economic Times
Economictimes
Tata Power to raise Rs 2,600 crore via share issue
Mumbai: Tata PowerNSE 1.51 % Company plans to raise 2,600 crore through a preferential issue of shares and set up an infrastructure investment trust for its renewable energy assets under a strategy to cut debt and deleverage balance sheet. The board of the company on Thursday approved the issue of more than 490 million shares […]
Work to begin shortly on Zojila tunnel: Gadkari
New Delhi: Union minister Nitin Gadkari on Thursday said work will begin shortly on the strategic Zojila tunnel for all-year connectivity between Kashmir and Ladakh regions. The tunnel project, stalled for about six years, holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National highway and remains […]
India in talks with US, Canada, European and Gulf countries on establishing air travel bubbles: AAI
NEW DELHI: India is in talks with the US and Canada and the countries in European and Gulf regions on establishing individual bilateral bubbles which will allow airlines of each country in the pact to operate international flights, said Arvind Singh, Chairman, Airports Authority of India (AAI), on Thursday. The Ministry of Civil Aviation (MOCA) […]
Vande Bharat fares slashed for US, Canada
Mumbai | New Delhi: Air India has slashed Vande Bharat repatriation flight tickets to and from North America by 25-45% in a move that will bring relief to Indians stranded in the US. The economy class fare for a New York-Delhi flight is ₹75,461 compared with more than ₹107,000 in the earlier phases. A Toronto-Delhi […]
Coal India trade unions begin 3-day strike; around 4 MT of coal output likely to be hit
New Delhi: Protesting against the government’s decision to allow commercial coal mining, Coal India trade unions started their three-day strike beginning Thursday, a move that may hit around four million tonnes of production. The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated […]
Coal India’s output falls as workers began a three-day strike to oppose private competition in mining
Kolkata: Coal India’s output fell on Thursday as workers began a three-day strike to oppose private competition in mining. The impact on customers is marginal as most of them have huge stocks of coal. Attendance of workers fell to 20% in Coal India and 17% at Singareni Collieries Company Ltd but executives attended office. “Production […]
Contest for exploration licenses vanishing in India
New Delhi: Contests have almost disappeared for India’s exploration licenses lately with private players staying away from auctions and two state players – ONGCNSE 0.49 % and Oil IndiaNSE 0.79 % – winning acreages without much challenge. In the fifth round of bidding, the latest under the Open Acreage Licensing Policy (OALP), the government received […]
India to add 60 GW renewable energy capacity in 5 yrs: Report
BENGALURU: India is expected to add only 60GW of renewable energy capacity in the next 5 years, according to Bridge To India’s India Renewable Energy CEO survey report 2020. “This is very low, at 12GW per annum. The government wants to achieve 175GW by 2022 and 450GW by 2030,” said Vinay Rustagi, Managing Director of […]
Opec cuts output to lowest since 1991 as virus slams oil demand
Opec slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Saudi Arabia faithfully delivered the extra curbs promised in June, and the laggards, though still trailing in implementing the cuts, stepped up […]
Ministry of renewable energy to extend project deadlines to cover lockdown disruption
NEW DELHI: The ministry of new and renewable energy has set March 25 to May 31 as the official dates for the lockdown and will grant project deadline extensions to cover the 68-day period and an additional 30 days to help developers overcome the disruption. However, developers said they need more leeway to get projects […]
Trending stocks: BGR Energy Systems shares down over 2%
NEW DELHI: Shares of BGR Energy Systems Ltd. traded 2.58 per cent down in Wednesday’s trade at 11:36AM (IST). Around 38,482 shares changed hands on the counter. The stock opened at Rs 35.0 and touched an intraday high and low of Rs 35.0 and Rs 32.65, respectively, in the session so far. Shares of the […]