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CHENNAI/BANGALORE: The BEML Limited, a defence public sector undertaking, is moving forward in the aerospace vertical as part of the expansion of its defence business. In this regard, BEML has begun work on an aerospace manufacturing division at SEZ near the Bangalore International Airport, Devanahalli. The ground breaking for...
CHENNAI/BANGALORE: Navratna defence PSU Bharat Electronics Limited (BEL) has recorded a profit before tax of Rs 975 crore while recording a turnover of Rs 5,710 crores (provisional) for the fiscal year 2011-12. A release from the company said, BEL had also seen exports of $38.45 million. The turnover per...
To ensure continuous coverage of it’s oceanic frontiers, the Indian navy would need six to eight Northrop Grumman MQ-4C Broad Area Maritime Surveillance (BAMS) unmanned air systems (UAS). This number would allow India to keep a BAMS airborne all day, every day for 365 days a year, says a...
Government clears five-year plan, issues new guidelines on transfer of technology policy NEW DELHI: Amid a spate of controversies involving the defence establishment, the Defence Ministry today cleared the long-term integrated perspective plan (LTIPP) for 2012-2027 and the five-year defence plan (2012-2017) besides effecting a key change in the...
The civil-military confrontation shows that integrating the defence ministry and reforming procurement are overdue The disgraceful civil-military crisis India has witnessed denotes complete failure of leadership on the part of the army chief and the defence minister. Rather than try and paper over the cracks, both should go. The...
It is for the government — through FDI caps and licensing — to nurture Indian defence players rather than exposing them to a brutal marketplace In a timely article on this page, Nitin Pai has addressed the vital question of how to equip India’s military, without delays and with...
Even as Central Bureau of Investigation detectives have begun questioning Ravi Rishi, the London-based millionaire businessman at the heart of the showdown between the Defence Ministry and Chief of the Army Staff V.K. Singh, fresh details have begun to emerge of the truck deal that precipitated the crisis. Rajan...
MUMBAI: Oil and Natural Gas Corp has declined to participate in the stake sale of the pipelines company owned by Mukesh Ambani and other promoters of Reliance Industries Ltd but other state firms such as OilIndia and Gail India are evaluating the prospect. The company, Reliance Gas Transportation Infrastructure...
New Delhi: India has rejected the price that Qatar is seeking for supplying additional 5 million tonne a year of liquefied natural gas, saying that domestic consumers cannot afford the rate the world’s largest LNG exporter is asking for. Qatar wants at least 14.5% of the prevailing brent crude...
NEW DELHI : India will by 2017 have a natural gas pipeline grid of 30,000-km connecting consumption centres to source of fuel, Oil Minister S Jaipal Reddy said today. “We have a country wide network of 12,000 km of gas pipeline (and another) 12,000 km of pipelines are under...
NEW DELHI: Independent directors are increasingly asking the boards of state oil companies why they have not raised petrol prices for months to cut losses even though the Cabinet has granted them the freedom to price the fuel. Top executives at Indian Oil, Bharat Petroleum Corp and Hindustan Petroleum...
KOLKATA: A 7-yr legal tussle over Haldia Petrochemicals looked close to being resolved. But when Mamata Banerjee upped the ante, it was back to square one for investor Purnendu Chatterjee It was January 2005. Industrialists, chief executive officers (CEOs) from across the country and representatives from 23 nations, were...
SINGAPORE: Oil retreated in Asian trade today as investors took profits from overnight gains, while weak euro zone manufacturing data also pressured prices, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, shed 28 cents to $104.95 per barrel while Brent North Sea crude...
MUMBAI: The government has ended the tax break given to wind energy projects much against the wishes of industry players who argued that without the popular incentive, capacity addition in the sector could fall to less than 1,000 MW as against the proposed 3,000 MW. The income-tax department has...
NEW DELHI: At a time when the government is under pressure to explain its position on allocation of captive coal blocks, the power ministry has recommended cancellation of allocations to power companies not selling electricity through rate-based bidding. In a letter to the coal ministry, it has made a...
NEW DELHI: Private power companies, which have long had the luxury of selling cheap power from captive coal blocks with windfall profits by striking exclusive deals with discoms, will soon have to change tack. The power ministry has decided to make it mandatory for these firms to take part...
PUNE: With the domestic order pipeline virtually drying up and the Union Budget bringing little cheer to domestic power equipment companies either, energy and environment solutions company Thermax is readying itself for difficult times. Thermax derives about 84% of its revenues from the domestic market and close to 80%...
LUCKNOW: Reliance Power has successfully commissioned its fourth unit of 300 MW at Rosa Thermal Power plant making the 1,200 MW project fully operational. The fourth and last phase of 300 MW was scheduled to be completed by July 2012 but the company was able to speedily execute the...