Thursday, January 17, 2019

Cabinet approves trebling of Numaligarh refinery capacity at Rs 22,594 crore: Report

THE Cabinet Committee on Economic Affairs today approved trebling of Numaligarh Refinery Ltd’s (NRL) capacity to 9 million tonne per annum (mtpa) at a cost of Rs. 22,594 crore. The expansion project at Morangi in Assam’s Golaghat district will help augment the crude availability for the region’s refineries and meet the deficit of petroleum products in the north east, says a government release.
The project involves setting up of a crude oil pipeline from...

Wednesday, January 16, 2019

BHEL wins largest order for solar photovoltaic plants: Report

STATE-owned power equipment maker Bharat Heavy Electricals Limited (BHEL) has won an order for setting up 129 MW Solar Photovoltaic (SPV) power plants in Telangana from Singareni Collieries Company Limited.
Significantly, valued at Rs.565 Crore, this is the largest SPV power plant order won by BHEL till date.
"The plants are to be set up at four locations in Telangana - Ramagundam (50 MW), Yellandu (39 MW), Manuguru (30 MW) and Pegadapally (10 MW), on engineering, procurement and construction (EPC) basis," the Maharatna PSU said in a regulatory filing.
BHEL has more than three decades of expertise in solar...

Tuesday, January 15, 2019

PGCIL may get Maharatna status following Power Ministry’s recommendation: Report

THE power ministry has recommended Maharatna status for Power Grid Corp of India Ltd (PGCIL), the country’s largest power transmission company. Maharatna status allows state-run firms greater financial autonomy — they can decide on investments of up to 15 percent of their net worth in a project without government approval. In comparison, Navratna PSUs such as Power-Grid can invest only up to Rs 1,000 crore without government approval.
If the proposal is approved by the Centre, PGCIL will become the...

Monday, January 14, 2019

Air India's passenger revenue grows by 20% in Q3 of 2018-19: Report

AT A time when the government is considering all options to disinvest Air India, Air India's revenue from passengers increased by 20 percent in the December 2018 quarter on the back of better aircraft utilisation. However, the beleaguered national carrier's passenger count rose by only four percent during the same time. A senior Air India official said, "Due to better and efficient utilisation of aircraft fleet, the passenger revenue increased from Rs 4,615 crore in third quarter of 2017-18 to Rs 5,538 crore in the third quarter of 2018-19."
The official added that the number...

Saturday, January 12, 2019

ONGC is hiring: Apply for 309 junior assistant posts by Jan 27

OIL and Natural Gas Corporation Limited (ONGC) has invited applications for 309 vacancies in different posts including technical engineer and junior engineer. Candidates can apply for the vacancies online at the official website of ONGC ongcindia.com. The last date to apply for these posts is till January 27, 2019.
However, aspirants applying for the post must ensure...

Thursday, January 10, 2019

NTPC to invest Rs 10,300 cr in Greenfield thermal and solar plants in UP: Report

NTPC Limited has planned to invest almost Rs 10,300 crore in Greenfield power plants in Uttar Pradesh. These plants include a proposed 1,600 megawatt (Mw) (2x800) thermal power project at Shaktinagar (Singrauli) in Sonebhadra district of UP. This project will the investment of Rs 9,000 crore, NTPC Regional Executive Director (North) Kamlesh Kumar Singh has said.
“The proposal of the new...

Wednesday, January 9, 2019

Air India delays salaries for second month in a row: Report

AIR India has defaulted on salary payments for the second consecutive month missing the December pay-day amid liquidity crunch, a media report quoting a source said on January 7.
Air India had failed to pay to its over 20,000 employees on time for most of the months last year. Like other public sector enterprises, the airline is supposed to pay the salaries on the last day of the month. "Air India has not paid the December salary to its entire staff till today (Jan 7). Worst, there is no word on the date of payment," an airline official said.
An Air India spokesperson said...

Tuesday, January 8, 2019

ONGC to invest Rs 6,000 cr for drilling wells in Assam: Report

ONGC (Oil and Natural Gas Corporation) is looking at drilling 200 wells across various fields in Sivasagar district of Assam at a cost of Rs 6,000 crore, , the country’s largest producer of oil and gas, said in an application submitted to the environment ministry.
The Expert Appraisal Committee had last month recommended the project for grant of environmental clearance, subject to compliance of terms and conditions.
The Maharatna PSU said that the Assam asset (Nazira) covers the entire North Assam Shelf, which consists of major oil and gas producing fields such as...