Shares of Tata Power CompanyNSE -0.22 % Ltd. gained 0.56 per cent to Rs 45.15 in Wednesday’s trade as of 01:27PM (IST). The stock hit a high price of Rs 45.25 and low of Rs 44.05 during the session. The return on equity (ROE) for the stock stood at 5.19 per cent. Traded volume on […]
Category: The Economic Times
Economictimes
Oil prices slip on demand fears as US virus cases surge
MELBOURNE: Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand. US West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at […]
India to ban Chinese cos from highway projects, says Nitin Gadkari
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like Micro, Small and Medium Enterprises (MSMEs). The senior minister’s assertions […]
Delhi airport launches E-gate pass facility at Cargo terminal
NEW DELHI: Delhi International Airport Limited (DIAL), a GMR Group led consortium, today said that it has launched India’s first paperless and contactless QR-coded E-gate pass facility at the Delhi Airport’s Cargo terminal with an aim to minimise human contact in this challenging COVID times. The E-gate pass facility, created in collaboration with Delhi Cargo […]
Repayment of settlement dues by state firms to CIL subsidiary
Settlement of recent dues by state firms to Coal IndiaNSE -0.26 % Limited’s subsidiary Bharat Coking Coal Ltd has helped improve its financial position and ability to repay loans by the end of this fiscal year, company executives said. The company had borrowed Rs 160 crore from another Coal India subsidiary and taken bank loans […]
Coal India output declines 12.8% to 39 MT in June
The production of Coal IndiaNSE -0.19 % declined by 12.8 per cent to 39.20 million tonnes (MT) in June compared to 44.95 MT of coal in June last year, the state-run miner said on Wednesday. The production in the first three months of 2020-21 dropped to 121.01 MT from 136.94 MT of coal produced in […]
Petrol sales up 36%, diesel 20% in June
NEW DELHI: Sales for petrol, diesel, jet fuel and cooking gas rose a combined 16% in June from May as the lockdown restrictions eased in the country but were still 14% lower than the sales in the same month last year. The demand for diesel, which makes up 40% of the country’s total oil demand, […]
Fuel demand gradually returning to pre-COVID levels: Govt
New Delhi: India’s fuel sales in June reached 88 per cent of the pre-COVID-19 levels as easing of lockdown restrictions is reviving economic activities, the government said on Wednesday. “The sales of petroleum products in India, the world’s third-biggest oil consuming nation, had in April fallen to the lowest since 2007, due to the nationwide […]
Dharmendra Pradhan says pipeline tariff rationalisation, gas pricing freedom on anvil
India plans to gradually introduce pricing and marketing freedom for natural gas as well as rationalise pipeline tariffs to help push for a greater share of the environment-friendly fuel in the energy basket, Oil Minister Dharmendra Pradhan said on Wednesday. While he did not spell out the roadmap for freeing gas prices, Pradhan said the […]
Mahavitaran, Adani consumers can pay electricity bills in three EMIs
A day after the Maharashtra Electricity Regulatory Commission directed all power utilities in the state to deal with complaints of inflated bills, Energy Minister Nitin Raut said the state-owned Mahavitaran’s consumers can pay their June bill in three EMIs. Consumers who pay their bill in one go will get a rebate of 2 per cent, […]
Average power price in real time market 13 paise lower at Rs 2.22 per unit in June
New Delhi: The average spot power price in the real time market (RTM) in its first month of launch in June was at Rs 2.22 per unit, which is lower than Rs 2.35 per unit in day ahead market at the Indian Energy Exchange. RTM allows consumers to purchase electricity at the exchange just one […]
Govt keeps close watch on Rs 55,000 cr power sector orders to Chinese companies
NEW DELHI: The government is keeping a close watch on the tendering of the Rs 55,000-crore emission control equipment by the thermal power sector that has placed large orders on Chinese companies in the past. Most private and various state power companies are in discussions with Chinese companies for the emission control gear. Power utilities […]