BUSINESS
Ircon, ACC to join hands for New Delhi railway station redevelopment bids
The project envisions the redevelopment of Safdarjung railway station as a modern transportation hub with integrated transport and office development.
BUSINESS
Mumbai-Ahmedabad High Speed Rail | Tata-led consortium bags bullet train project management consultancy deal
The total estimated cost of the Mumbai-Ahmedabad project is around Rs 1.08 lakh crore, out of which 81 per cent or Rs 88,000 crore is expected to come through a loan from the Japan International Cooperation Agency (JICA)
BUSINESS
Interview | Concor Chairman V Kalyana Rama says privatisation will not change company's basic structure, operations
Chairman of the Indian Railways subsidiary and one of the most hyped candidates lined up for strategic sale by the government, said it may see a 5 percent drop in revenue during the current financial year.
BUSINESS
Exclusive | After universal LPG penetration, India plans to cover 100% population under city gas network
PNGRB to soon initiate the eleventh round of CGD bidding that may see an estimated investment of Rs 1.2 lakh crore, covering over 300 districts
MCMINIS
Clean energy to rejig India's energy mix by 2030
BUSINESS
SC dismisses review petition by Rajasthan discoms on Adani Power compensatory tariff issue
Adani Power had to resort to imported coal because of the non-supply of domestic coal. The company had sought compensation for the time period between 2010 and 2018
BUSINESS
Exclusive | Concor privatisation draws interest from DP World, Adani and Vedanta
Gateway Distriparks and Allcargo Logistics confirms to Moneycontrol that they are likely to be in the race to buy stake in India’s largest container train and terminal operator.
BUSINESS
Adani Ports and SEZ to bring rail operations under one platform
Adani Track Management Services’ objective is to look after all the rolling stock and rail tracks of the company. At present, Adani Ports and SEZ has 60 trains and manages a 620-km-long railway track
BUSINESS
Concor lines up discount to tackle container shortage
The shortage of containers affects the exports of basmati, non-basmati, hand tools, sports goods, leather goods and textiles.
BUSINESS
Adani Welspun finds gas in Mumbai Offshore's Tapti-Daman sector
The pay zones and flow rates encountered have exceeded the company’s initial estimates, a statement issued by AWEL said
BUSINESS
Railways posts rise in freight traffic this financial year
During the first four months of the financial year, the freight handled by the railways was much below the numbers achieved in 2019-20.
BUSINESS
Cyclone Fani caused loss of over $1 billion to Odisha's power infrastructure, says CDRI
In 2019, loss to the power sector in Odisha was to the tune of $1 billion,” said Sandeep Poundrik, director-general of CDRI
BUSINESS
Cairn Energy dispute: International Court’s ruling questions India’s sovereign right to tax, say experts
Legal experts also demand that India should seek a stay on Cairn’s move to seize Indian assets abroad. The court ruling should also be challenged, they say. In December 2020, the court asked India to pay damages worth $1.2 billion to the company.
BUSINESS
Coal India claims improvement in grade slippage to 34% in Q3
BUSINESS
Railways cleared Concor's new land policy, Cabinet to take a call soon: Piyush Goyal
According to a source aware of the development, the new policy will bring down the land lease rates for use of railway land for industrial purposes to less than 3 percent.
BUSINESS
IEX offloads 26% stake in Indian Gas Exchange to NSE, additional 5% to ONGC
Earlier this year, IEX announced the strategic investments of 5 percent each by leading players in the gas value chain – Adani Total Gas, Torrent Gas and GAIL (India) Ltd in IGX.
BUSINESS
US replaces Iran in India's crude basket in 2020-21
BUSINESS
Coal India approves 32 mining projects worth Rs 47,300 crore this fiscal
While 24 of the 32 are an expansion of the existing projects, the rest eight are new greenfield projects.
BUSINESS
Exclusive | Kerala may rope in private players for semi-high speed rail project
The project has already got a nod from the department of economic affairs for a $2.5 billion Japan International Cooperation Agency (JICA) loan.
BUSINESS
Chinese cyber attacks: RedEcho still active, targeted Chidambaranar port on March 2
Recorded Future, an intelligence provider for enterprise security, had said in its report that power sector assets including state-run NTPC and Power Sector Operation Corporation Ltd (POSOCO), two ports, oil and gas assets and the Indian Railways were exposed to cyber attacks by Chinese group RedEcho.
BUSINESS
CERA Week: PM Modi calls for behavioural change, circular economy to tackle climate change
Talking about India's plan to come out with metro networks in 27 cities, the PM said that for large scale behavioural change 'large private participation' is required.
BUSINESS
To end Chinese supremacy, Concor to procure containers from domestic manufacturers
Till now, the state-run company was procuring around 8,000 containers from China on an annual basis, at a total cost of around Rs 200 crore.
BUSINESS
CERA Week: India's energy investments to touch $150 billion per year in next ten years, says IEA
India has lined up massive investment plants in renewables, creating a gas-based economy and also expanding its refinery sector to meet the growing demand.
BUSINESS
Chinese hackers targeted India's oil and gas assets, Indian Railways, says Recorded Future
The Massachusetts-based company said there is no data to connect the Mumbai power outage with RedEcho but the group was live till February 28.
