Delhi LG VK Saxena has given consent to the Kejriwal government for a special audit of power subsidy amount disbursed to the distribution companies (discoms) since 2016-17, expressing “surprise” over delay in it so far, officials at the LG office said Friday. Saxena, in a note to the chief minister, has criticised the government for […]
Category: The Financial Express
The Financial Express
India retains FAA IASA ‘Category 1’ status
India has retained the US FAA (Federal Aviation Administration) IASA (International Aviation Safety Assessment) ‘Category 1’ status, the country’s Directorate General of Civil Aviation said on Wednesday. Notably, air carriers of ‘Category 1’ countries are permitted to operate or expand their services to destinations in the US and codeshare with US air carriers.
Indian Oil, Adani-Total, Shell lap up Reliance’s KG-D6 gas; IOC top bidder
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day […]
TATA group company to operate Cochin Airport’s hotel project with Rs 100 crore investment
TATA group’s Indian Hotels Company Limited (IHCL), which owns the luxury hotel brand ‘Taj’, will operate Cochin International Airport Limited’s (CIAL) five-star hotel at the airport premises with an estimated investment of Rs 100 crore, a release said here on Thursday. CIAL constructed the hotel, which is ideally located near the airport entrance, as part […]
Avaada Energy bags 560 MW solar project to supply power in Maharashtra
Renewable Energy firm Avaada Energy has bagged a 560 MW solar project for supplying solar power to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) at a tariff of Rs 2.88 per unit. Avaada Energy, an arm of Avaada Group – India’s leading integrated energy enterprise with business interests across the energy transition value chain, has […]
NTPC drops plan to sell green energy stake to Petronas
State-run NTPC has dropped the plan to rope in Malaysian energy giant Petronas as a strategic investor in its green energy subsidiary before its listing. NTPC Green Energy (NGEL) will hit the market with an initial public offering (IPO) in the current fiscal with a plan to divest 25% of its stake. The stake sale […]
NGEL planning 8GW pumped storage projects
NTPC Green Energy (NGEL) plans to establish 8GW pumped storage projects (PSP), which are large-scale energy storage stations, at five places in Andhra Pradesh and Karnataka. Pumped storage costs anywhere between Rs 3.9-4.6 crore per mega watt.
Air India to save 15,000 tonnes of jet fuel in 3 years via ‘TaxiBot’ ops
Air India on Thursday signed an agreement with KSU Aviation to launch ‘TaxiBot’ operations at Delhi and Bengaluru airports for its Airbus A320 family of aircraft, seeking to save nearly 15,000 tonnes of jet fuel over three years. A ‘TaxiBot’ is a semi-robotic equipment, which once attached to the aircraft, acts as an extension of […]
CIL coking coal output grows 17 pre cent to 56.6 MT in FY23
The production of coking coal by Coal India Ltd (CIL) rose by 17.2 per cent year-on-year (y-o-y) to 54.6 million tonnes (MT) in 2022-23. The state-owned miner had produced 46.6 MT coking coal during the preceding 2021-22 fiscal, it said in a statement. “The quantum leap was a whopping 8 MT. This assumes significance at […]
‘We don’t want to be called a startup anymore, that phase is over’
Launched in August last year, Akasa Air exceeded its targeted fleet strength, exiting March 2023 with 19 aircraft instead of the planned 18 and a market share of 3%. From next year, 12-16 aircraft would be added annually, reaching a total of 72 aircraft by the middle of 2027. Swaraj Baggonkar spoke with Praveen Iyer, […]
Mumbai Metro: DMRC emerges as lowest bidder to operate and maintain Line 3
The Delhi Metro Rail Corporation (DMRC) has emerged as the lowest bidder to operate and maintain the Mumbai Metro Line 3. The 33.5 km long route connects from the south of the western metropolis to the north. At present, the Line 3 is under construction and is likely to be operationalized in parts from the […]
London-bound Air India flight returns to Delhi after mid-air brawl, passenger booked for ‘unruly behaviour’
A Delhi-London Air India flight with 256 passengers on board returned to the Delhi airport after a mid-air brawl in which a passenger caused “physical harm” to cabin crew members, reported news agency ANI. An FIR has been registered with the police against the passenger’s “unruly behaviour”.