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KOLKATA/BHUBANESWAR: The Odisha government is in the process of formulating a comprehensive policy for coal-based thermal power projects and captive power plants (CPPs) in the state. The proposed policy is likely to have a clause at the MoU (Memorandum of Understanding) level which will make it mandatory for all...
KOLKATA: The Central Electricity Regulatory Commission (CERC) has batted for more private sector participation in distribution sector to reduce aggregate technical and commercial(AT&C) losses and to improve efficiency. “Losses in distribution companies is due to huge inefficiency. More private sector participation is needed in the sector. In distribution, only...
NEW DELHI: Power plants in the country continue to grapple with coal shortage as 19 stations suffered acute scarcity, with only four days of fuel stock, last week. As per the Central Electricity Authority (CEA) data (April 19), 19 power plants spread across all the four regions of the...
NEW DELHI: More than one-third ofIndia’s coal-based thermal power plants are running on critically low levels of fuel stocks, according to the latest data released by the Central Electricity Authority (CEA) on Monday. Figures posted on the CEA website on Monday show that, as of 19 April, 32 of...
NEW DELHI: The Supreme Court on Monday sought replies from the Centre, ONGC and others on a PIL seeking a CBI probe into the $8.48-billion Cairn-Vedanta deal, besides a direction to the government to cancel its approval for the deal on the ground that the country would lose over...
GANDHINAGAR: Close on heels of commencing use of wastelands in northern districts and rooftops in towns and cities, Gujarat is set to potentially use the existing 19,000 km-long network of Narmada canals across the State for setting up solar panels to generate power. The Chief Minister, Mr Narendra Modi,...
NEW DELHI: India will not auction new coal mining blocks to the power sector and will instead allocate them to companies that offer to sell electricity cheapest, a government source said on Monday. The country is introducing a new system that will put an end to allocation of captive...
CHENNAI: The Indonesian government is betting on a tax incentive for export of value-added products from the country and attract more investments from India. The country expects that the tax incentive, compared to the higher tax structure for trading of raw coal and crude palm oil from Indonesia to...
KOLKATA: Coal India’s new chairman S Narsing Rao, who takes charge on Tuesday, will focus on raising the state-run firm’s output and consider production-linked incentives for employees – a system he successfully implemented at Singaneri Collieries. “At Singareni Collieries I had introduced a production incentive system, where a worker...
Mahindra & Mahindra (M&M), India’s biggest sport-utility vehicle maker, plans to build unmanned coastal surveillance vessels as the nation boosts security along its coastline following the 2008 Mumbai terrorist attack. The company’s newly formed joint venture with Israel’s Rafael Advanced Defense Systems will assemble the vessel at a facility...
NEW DELHI: Tata Motors and Malaysia’s DRB-HICOM Defence Technologies (Deftech) have signed an agreement to develop, promote and market the former’s high-mobility 4-by-4 trucks for the armed forces of Malaysia. Deftech, a wholly owned subsidiary of DRB-HICOM Berhad, will be initially working on two models in the 2.5-5-tonne payload...
HYDERABAD: Global aircraft major Boeing is setting up a transonic wind tunnel facility in Hyderabad. The facility, the first of its kind in the country and under ‘Defence offsets’, could involve an expenditure of Rs 400-450 crore. The Defence Research and Development Organisation (DRDO) will use the facility for...
Defence Research and Development Organisation (DRDO) will test the indigenously developed scram jet engine next year, according to DRDO chief V. K. Saraswat. “We have demonstrated the performance of a scram jet engine operating at Mach six speed (six times the speed of sound),” he said in an interview...
DRDO Chief Dr. VK Saraswat said that the work on the naval variant of the Long Range Strategic Missile (a moniker given by India to the Agni-V launched on April 20) was in “advanced” stage. With indigenous nuclear-attack submarine, INS Arihant (meaning destroyer of enemies) ready to get operational...
NEW DELHI: The Supreme Court on Monday rejected a petition challenging the appointment of Lt Gen Bikram Singh as the next Army chief. The court said that after carefully going through the petition and the material placed before it, it does not find any justiciable ground to entertain the...
Opportunityto find a lasting solution by Lt-Gen Harwant Singh (retd) Pakistan’s military appears to have finally realized the futility of continued confrontation with India at the Siachen Glacier. There are perhaps a number of factors which have brought about this change of heart. Cooling of relations with the United...
The Lohegaon Air Force Station has launched an internal inquiry into Thursday’s incident where a Sukhoi-30 aircraft skidded off the runway affecting flight operations. “We will inquire into the cause behind the incident and determine how such mishaps can be prevented in the future. It was however nothing major...
MUMBAI: Investment bankers plan to approach the Securities and Exchange Board of India (Sebi), for relaxation of rules relating to the the institutional placement programme (IPP) and offer for sale (OFS) to achieve next year’s public shareholding deadline. Bankers will ask Sebi to relax certain norms like the 100...