The steel sector, one of the country’s core industries, contributes about 2 per cent to GDP. At present, the infrastructure and construction sectors are the biggest consumers of steel, accounting for about 50 per cent […]
The national plant load factor (PLF) registered a marginal improvement from 59.91 per cent in 2017-18 to 61.07 per cent in 2018-19. Across the central, state and private sectors, PLFs have been showing a decline […]
The Oil and Natural Gas Corporation (ONGC) has stated a preference for a cash deal instead of a share swap for the planned acquisition of Mangalore Refinery and Petrochemicals Limited (MRPL) by Hindustan Petroleum Corporation […]
The Gujarat Maritime Board (GMB) has decided to acquire around 40 per cent equity stake in the Mundra liquefied natural gas (LNG) terminal, likely to be commissioned by July 2019, at an investment of Rs […]
The Ministry of Finance is evaluating the economic costs associated with importing oil from alternative markets such as Iraq and Saudi Arabia. This is due to the withdrawal of sanction waivers by the US on […]
In the backdrop of the oil supply crunch due to withdrawal of sanction waivers by the US, Aramco has offered to increase crude oil supplies to India by 200,000 barrels per day. This additional supply […]
SpiceJet has inked an initial pact with Gulf-based Emirates for entering into a code-share partnership to provide wider connectivity to its passengers on the latter’s network across the US, Europe, Africa and the Middle East. […]
Jet Airways announced the suspension of its entire operations from April 17, 2019, after lenders refused to provide emergency funds, ending at least temporarily the airline’s run. Weighed down by a mountain of debt and […]
The user development fee (UDF) levied on passengers at the Kempegowda international airport has been hiked by 120 per cent from Rs 139 to Rs 306 for domestic departures and from Rs 558 to Rs […]
Work on the Jewar greenfield international airport is expected to commence soon as the Allahabad High Court has dismissed petitions filed by eight farmers against land acquisition. The petition was filed seeking cancellation of 1,239 […]
The Essel Group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited, to a fund managed by Edelweiss. Essel had entered into an agreement to […]
A1986 batch Indian Railway Traffic Service (IRTS) officer, Colonel S. Gagarin is currently serving as chief executive officer (CEO) of the Hassan Mangalore Rail Development Company (HMRDC) located in Bengaluru. He brings to the table […]
Dipesh Dipu, Partner, Mineral Policy Consultant, Brookings India The earthmoving and mining equipment industry has witnessed a fair degree of uncertainty in the recent past on account of lower-than-expected demand from the mining and infrastructure […]
A 1982 batch officer of the Indian Railway Traffic Service, Arvind Bhatnagar, advisor, transport, Indian Port Rail and Ropeway Corporation Limited (IPRCL) has over 35 years of experience in the planning and execution of rail […]
Sinopec wins bid to operate tank farm The Hambantota International Port (HIP) recently awarded a tender to Sinopec Fuel Oil Sales Corporation Limited for oil trading works and the operation and maintenance of their oil […]
Steel forms a significant part of the “material requirement” for infrastructure development. Government’s continued focus on infrastructure development translates to significant opportunity for steel manufacturers, as the metal finds extensive use in such projects. Steel […]
Creation of infrastructure, an economic determinant of GDP growth, critically hinges on the pace of construction activity. In the past few years, several government programmes that lay emphasis on infrastructure development have spurred growth in […]
A 1986 batch officer of the Indian Forest Service, Gujarat cadre, Dr Arun Kumar Verma is currently serving as joint secretary in the Ministry of Power. He has a tight grip on the sector and […]
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