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The refining and petrochemicals businesses of Reliance Industries have put up a better-than-expected performance in this March quarter. Operating profits in these segments have grown marginally on a sequential quarter basis. Despite plant shutdown for some time during the quarter, improved product cracks helped the company achieve gross refining...
NEW DELHI: Cairn India, the arm here of the oil and gas multinational, on Friday reported an 11 per cent decline in net profit for the quarter ended March 31 at Rs 2,186 crore, compared to Rs 2,458 crore in the same quarter of the previous year. Quarterly income...
LUCKNOW: Already facing shortage of coal, power plants in Uttar Pradesh are also receiving hiccups due to snags that threaten to get prolonged, thereby putting power supply in a grave jeopardy. The latest case pertains to tripping of two units of 200 Mw each at Obra power plant, which...
NEW DELHI: The Supreme Court on Friday partially lifted the ban on mining in three districts of Karnataka. It was lifted for a certain category of mines, with strict conditions. The court also allowed the auction of iron ore already lying in stockyards, under the supervision of a monitoring...
KOLKATA/RAIPUR: Lanco Power has come under the scanner of green panel in Chhattisgarh as the state government has threatened to stop production in its Korba power station for allegedly violating the environment control norms. The Lanco Power has a 1920-Mw power station in Pathadi village in the name of...
NEW DELHI: Batting for upcoming nuclear power plants in the country, Principal Scientific Advisor to the union cabinet R. Chidambaram Friday said that nuclear energy will play a key role in India becoming a developed nation. “If you want to raise the quality of life of the people, you...
MUMBAI/AHMEDABAD: B R Punj-promoted Fedders Lloyd Corporation Ltd (FLC) is in the initial stage of discussions with US-based Invenergy LLC, a wind power generation company for developing wind farm projects in India and African countries like Tanzania and Kenya, a senior official of the company informed. FLC is looking...
AHMEDABAD:Gujarat’s overall integrated renewable energy potential is estimated to be around 748.77 GW. A study conducted by TERI,Gujarat’s potential for concentrated solar power (CSP) with water availability stands at 345.71 gw, solar photovoltaic (SPV) wind hybrid excluding CSP at 240.60 gw, only SPV excluding wind and CSP at 21.36...
MUMBAI: Larsen & Toubro is looking is looking at grabbing sizeable orders for solar power projects driven by opportunity is sees in the sector. The $ 11.7 billion-engineering conglomerate’s fledgling solar power projects business has an order backlog of Rs 350 crore currently, but the company sees growth opportunities...
NEW DELHI/KOLKATA: Coal India has inserted a new clause in Fuel Supply Agreements (FSAs) which says that if the state-run firm needs to import coal to meet its obligations, customers will have to accept the price it charges or surrender their right to be supplied the contracted quantity, further...
NEW DELHI: The commerce ministry, in an effort at ensuring wider say in trading of minerals for public sector units (PSUs) in its domain, has said that MMTC and the State Trading Corporation of India (STC) could import coal to help Coal India (CIL) meet its obligations under the...
MUMBAI: Leading private equity (PE) funds such as Blackstone, Morgan Stanley, IDFC, and Singapore-based developer-investors Ascendas and Mapletree, among others, have put in bids for the Essar Group-backed Equinox Realty’s commercial project here. Equinox Realty was seeking a valuation of around Rs 2,000 crore, said sources in the know....
MUMBAI: In the wake of the Reserve Bank of India’s (RBI) rate reversal signal, the ongoing and impending reductions in banks’ base rate — the benchmark lending rate to which all loans are linked — may deplete lenders’ margins. Especially those of public sector lenders, which had aggressively raised deposit...
Indian scientists and engineers are now looking forward to Agni-VI, the next missile in the series that could well possess double the target range. Though Defence Research and Development Organisation (DRDO), which develops and manufactures missiles for the Indian armed forces, is yet to make an official statement on...
NEW DELHI: India did not formally inform China about the launch of its intermediate-range ballistic missile Agni-5 from the Odisha coast yesterday, although it did notify all the other big powers about the event. According to government officials, who spoke on condition of anonymity, China was the only permanent...
NEW DELHI: After the near-perfect debut of the Agni-5 long-range ballistic missile, which yesterday travelled 5,000 kilometres to accurately strike a target in the southern Indian Ocean, V K Saraswat, the Defence Research and Development Organisation chief, declared that the Agni programme would continue and there was no question...
NEW DELHI: Tatra Sipox (UK) Limited, supplier of Tatra trucks to the public sector BEML, is an agent of the manufacturer. This was admitted by Tatra Sipox on June 23, 1995, to the UK authorities to which it described its main activity as being the “manufacturers’ agents”. The fresh...
NEW DELHI: The launch of ‘Agni-V’ missile yesterday proves beyond doubt that India has the capability and competence to develop a long-range missile, DRDO chief VK Saraswat said today. Talking to the media, he said the DRDO would conduct two or more validation tests over the next 18 months,...