Indian Oil Corp (IOCL) plans to invest Rs 5,215 crore in building 1 gigawatt (GW) of renewable energy capacity including standalone ground mounted solar projects or standalone onshore wind or wind-solar hybrid projects. The company’s board approved the investment plan on Tuesday stating that the projects will be implemented by IOC’s proposed wholly owned subsidiary […]
Category: The Financial Express
The Financial Express
REC net rises 34% in Q4 to Rs 4,016 crore
REC posted a 34% jump in its net profit in the fourth quarter of the financial year 2023-24 at Rs 4,016 crore compared to Rs 3,001 crore in in the corresponding period a year ago.Its revenues from operations rose by 25% to Rs 12,613 crore in Q4FY24 from Rs 10,113 crore in Q4FY23.The company’s total […]
Go First lenders mull liquidation after recent court order on planes, say sources
Lenders to India’s Go First are all set to meet this week to explore various options for the bankrupt airline, such as liquidation, following a court order that allowed lessors to reclaim their planes, two bankers with Go First’s creditors stated on Tuesday. After the court’s decision, the airline seems to have lost all its […]
Tensions in Middle East: Air India likely to extend suspension of Tel Aviv flights till May 15
Amid tensions in the Middle East, Air India is likely to extend the suspension of flights to and from Tel Aviv till May 15, airline sources said on Tuesday. On April 19, Air India informed that Tel Aviv flights will remain suspended till April 30. Between the national capital and the Israeli city, the company […]
Advancing Sustainable Farming and Aviation: Embraer’s Collaborative Initiatives
Embraer’s EMB-203 Ipanema aircraft is undergoing testing to evaluate a new method for applying bio-control agents on farms in Brazil. Led by Koppert, a prominent company specializing in agricultural biological systems, this initiative aims to enhance sustainability in national farming practices. The collaboration between Embraer and Koppert focuses on assessing the technical aspects essential for […]
DGCA takes action against Vistara, suspends training head for pilot training lapses
The Directorate General of Civil Aviation (DGCA) on Tuesday (April 30) has suspended a senior Vistara official due to lapses in the conversion training of pilots. According to the sources, Vikram Mohan Dayal, Vice President of Training at the full-service carrier, has been removed from his position, stated news agency PTI. Lapse in training of […]
Port Blair airport to now accommodate night landing and take-off facilities with AFLS launch
With the completion of the Airfield Lighting System (AFLS), night landing and take-off facilities are now operational at the Utkrosh Airfield of Veer Savarkar International Airport in Port Blair, officials confirmed. The aviation infrastructure at INS Utkrosh, supervised by the naval headquarters in New Delhi and Air Marshal Saju Balakrishnan, Commander-in-Chief of the Andaman and […]
Digi Yatra set to spread wings: Makeover plan includes hassle-free access to public places, hotel check-ins
Digi Yatra is set to spread wings and will be available for international travellers before the end of 2025. That’s not all. The makeover plan includes using the app for hotel check-ins and hassle-free access to public places. To enable the facility for foreign travellers, Digi Yatra Foundation (DYF), a non-profit organisation working on the […]
National Highways to hit speed bump? Road network expansion to see sluggish growth in FY25, says CareEdge Ratings – Here’s why
India’s ambitious drive to expand its national highway network is expected to face a slowdown in the current fiscal year, according to a report released by CareEdge Ratings on Tuesday. The rating agency anticipates a decrease of 7-10 per cent in the construction pace, estimating it to be around 31 km per day due to […]
Mytek launches new AI-based platform to help contractors deliver infra projects on time
Infratech firm Mytek Innovations has launched a first-of-its-kind digital platform that uses open artificial intelligence (AI) tools to help contractors deliver infrastructure projects on time. This AI-enabled platform can analyze the input cost required to complete a project and auto-generate a detailed, milestone-wise plan to complete the project on time and reduce completion cost by […]
Strategies to enhance rail freight share and overcome infrastructural challenges
India Railways’ freight performance is on a remarkable upward trajectory, with revenue of around Rs 2.56 lakh crores and freight loading surpassing the estimated 1580 million tonnes. The Indian Railways’ streak of best-ever monthly freight loading, which began in September 2020, continues unabated, indicating sustained excellence in operations. This success is further underscored by the […]
Digi Yatra set to spread wings: Makeover plan includes hassle-free access to public places, hotel check-ins
Digi Yatra is set to spread wings and will be available for international travellers before the end of 2025. That’s not all. The makeover plan includes using the app for hotel check-ins and hassle-free access to public places. To enable the facility for foreign travellers, Digi Yatra Foundation (DYF), a non-profit organisation working on the […]