(T.E.T) Lenders to the defunct infrastructure company Lanco Infratech have set ₹819 crore as enterprise value for the company’s 1200 MW thermal power plant in Uttar Pradesh (UP) as they hope to recover at least some dues from the Hyderabad-based group that is under liquidation. In a joint lenders’ meeting last week, lenders have approved the enterprise value, which will form the base price when they seek bids for the power plant possibly later this month. All the lenders in the consortium have to approve the price for formal bids to be called. “We already have initial interest from JSW…
Author: Amit Bhanot
(H.T) At least six people died and 20 others were admitted to the civil hospital in an injured state early morning today after an incident of gas leakage at a company in Gujarat’s Surat, reported the ANI news agency. Citing Omkar Chaudhary, the in-charge of the civil hospital, the report said the incident took place in the Sachin GIDC area of the city. As per HT’s sister publication Livehindustan, the local police are still carrying out relief and rescue operations in the area. A report carried by the publication indicates that the accidental gas leakage occurred when a tanker driver was…
(T.E.T) GAIL, BPCL and HPCL NSE -0.27 % are competing for licences in 19 city gas distribution areas – nearly a third of 61 being contested in the latest bidding round – with the companies they control, drawing allegations of unfair practice. For instance, the licence area comprising Baloda Bazar, Gariyaband and Raipur districts in Chhattisgarh has received 16 bids, of which six are from companies GAIL NSE 0.18 % Gas, BPCL, HPCL, Indraprastha Gas (IGL), Mahanagar Gas (MGL) and Aavantika Gas – sharing a complex web of relationship. Gail Gas is a fully owned subsidiary of GAIL (India). GAIL (India) is also the promoter of…
(Hindustan) राहतभरा गुरुवार: पेट्रोल-डीजल के नए रेट जारी, देश में सबसे महंगा पेट्रोल 112.11 तो सबसे सस्ता 82.96 रुपये लीटर आज यानी गुरुवार सुबह 6 बजे पेट्रोल-डीजल के नए रेट जारी हुए। लगातार 63वें दिन भी देश में पेट्रोल और डीजल की कीमतों में बदलाव नहीं हुआ। वहीं, आज भी देश में सबसे सस्ता पेट्रोल-डीजल पोर्टब्लेयर में तो सबसे महंगा राजस्थान के श्रीगंगानगर में है। इंडियन ऑयल द्वारा जारी नए रेट के मुताबिक महानगरों में मुंबई में पेट्रोल सबसे महंगा 109.98 रुपये लीटर और दिल्ली में सबसे सस्ता 95.41 रुपये है। वहीं पटना में पेट्रोल कोलकाता (104.67), चेन्नई (101.40 ) और बेंगलुरु (100.58) से भी महंगा है। ओपेक और…
(E.T) Under the contract terms, Nelco will supply, commission, and maintain ONGC’s very small aperture terminal (VSAT)-based network. This network will also be used to enhance the communication infrastructure of ONGC’s offshore sites in in Western India, according to an official release. Tata’s Nelco, a satellite communication (satcom) service provider, Wednesday said it has bagged a Rs 40 crore contract from Oil and Natural Gas Corporation (ONGC). Under the contract terms, Nelco will supply, commission, and maintain ONGC’s very small aperture terminal (VSAT)-based network. This network will also be used to enhance the communication infrastructure of ONGC’s offshore sites in Western India, according to an official release. Nelco…
(N.C) The country has 2,630 cases of the Omicron variant – the most in Maharashtra with 797 cases, followed by Delhi with 465 cases. India reported 90,928 fresh COVID-19 cases in the last 24 hours, 55 per cent higher than yesterday’s 58,097 cases. The country has 2,630 cases of the Omicron variant – the most in Maharashtra with 797 cases, followed by Delhi with 465 cases. Here are the top 10 updates on coronavirus in India: The fast-spreading Omicron variant has spread to 26 states in India. A 73-year-old man in Rajasthan has become the first reported casualty due to the new…
(PIB) UJALA completes 7 years of energy-efficient and affordable LED distribution 36.78 crore LEDs distributed across the country under UJALA UJALA programme saved 47,778 Million kWh energy per annum , 3,86 crore tonnes of reduction in CO2 emissions made possible Significant achievement of UJALA includes impetus to the domestic lighting industry, provides economies of scale to manufacturers through regular bulk procurement Readily adopted by all the states, UJALA helped in reducing annual household electricity bills Ministry of Power has successfully completed seven years of distributing and selling LED lights under its flagship UJALA programme Unnat Jyoti by Affordable LEDs for…
(M.C) The Indian Air Force on Wednesday apprised Defence Minister Rajnath Singh about the findings of the tri-services investigation into the December 8 chopper crash that killed CDS Gen Bipin Rawat and 13 others, people familiar with the development said. The probe team has already completed its investigation into the crash of the Russian-origin Mi-17V5 helicopter, they said. Earlier, sources suggested that the crash was not a result of any technical error in the helicopter of the Indian Air Force. However, there is no official confirmation on it. The Court of Inquiry into the crash was headed by Air Marshal…
(CNBC) Privatisation of the state-run Bharat Petroleum Corporation Limited (BPCL) is a huge part of the Centre’s disinvestment plan. However, with just three months left in the current fiscal, it is unlikely that the Centre would be able to wrap up the privatisation in time. The sale process for BPCL has not progressed at the desired pace and the financial bids have not yet been called, a source familiar with the development told Livemint. The source further said that BPCL will need approval letters from its borrowers before the sale could proceed. This, in itself, may take a few months. If…
(D.J) उत्तराखंड में प्रधानमंत्री नरेंद्र मोदी से लेकर केंद्रीय मंत्री राजनाथ सिंह, अनुराग ठाकुर व वीके सिंह समेत तमाम केंद्रीय नेता चुनावी दौरे पर हैं। इसी क्रम में कुमाऊं की विजय संकल्प यात्रा के समापन पर मुख्यमंत्री के विधानसभा क्षेत्र खटीमा में केंद्रीय सड़क परिवहन व राजमार्ग मंत्री नितिन गडकरी भी पहुंचे। उन्होंने न केवल सड़कों के जरिये कुमाऊं में विकास का एक्सीलेटर दबाया बल्कि भविष्य की उम्मीदों को भी जगा गए। सड़कों को किसी भी क्षेत्र के लिए विकास का पैमाना माना जाता है। गडकरी अपनी कार्यशैली एवं स्पष्टवादिता के चलते एक विशेष स्थान भी रखते हैं। मंगलवार को…