Larsen & Toubro (L&T) and BEML Limited have signed an MoU to jointly capitalise on emerging opportunities in the domestic and overseas markets for defence products and systems. The MoU aims at leveraging the Make […]
The civil aviation sector has seen a lot of activity in the past year or so. There has been expansion in airport capacity and the new RCS has taken off in an encouraging fashion. A […]
Mayank Bansal, director, Global Infrastructure Partners, India (GIP), is an experienced infrastructure equity investor with investments in sectors such as roads, thermal and renewable power, rail and air logistics, telecom and healthcare. He joined IDFC […]
Caterpillar has launched two of its next-generation excavators – Cat 320D3 and Cat 323D3 – manufactured at its plant in Thiruvallur, Tamil Nadu. These 20 tonne size class excavators offer up to 7 per cent […]
Ravi Agarwal, managing director, Rajasthan State Gas Limited (RSGL), a joint venture of GAIL (India) Limited, has been with the organisation since 2014, a year after its inception. In this role, his responsibilities include setting […]
Indian Oil Corporation Limited (IOCL) has chosen Honeywell UOP’s pressure swing adsorption (PSA) technology in order to meet its target of producing fuels adhering to Bharat Stage VI (BS-VI) environmental standards by the end of […]
B.C.K. Mishra, managing director at state-owned Uttarakhand Power Corporation Limited (UPCL), believes that sharing the benefits of hydropower development amongst the community is important. The fair sharing of benefits would not only justify the project’s […]
The central government has unveiled the draft International Air Connectivity (IAC) scheme for extending the Regional Connectivity Scheme to international destinations. In this regard, state governments have been tasked with the identification of routes. Financial […]
The central government has proposed a new financial model for building greenfield airports in the country. Under the new model, the concession fee will be paid to the concessioning authority on the “per passenger aeronautical” […]
The Andhra Pradesh Infrastructure and Investment Board has received interest from as many as 13 companies for the development of the Bhogapuram greenfield international airport project. These include Ramky Infrastructure Limited, the Essel Group, the […]
GMR Hyderabad International Airport Limited has issued letters of intent (LoIs) to Larsen & Toubro (L&T) and Megawide Construction Corporation for contracts worth Rs 30.8 and Rs 9.8 billion, respectively, for developing the Hyderabad airport […]
The Ministry of Civil Aviation laid the foundation stone for the Jabalpur (Dumna) airport expansion project on August 23, 2018. The expansion of the airport is estimated to cost Rs 4.3 billion.
The trial landing of a flight from Kalaburagi airport has been conducted successfully. Construction work on the project worth Rs 1.76 billion is being carried out in three packages. Works for installing the airfield lighting […]
Vistara has signed a deal worth over $340 million with GE Aviation for purchasing the latter’s GEnx-1B engines for its Boeing 787 fleet. The engines will be used for the six B787-9 (Dreamliner) aircraft, the […]
Jet Airways has announced the expansion of its code share agreement with Bangkok Airways to open more destinations to passengers in Vietnam, Thailand and India. British Airways has also entered into a new code share […]
The Ministry of Petroleum and Natural Gas notified the policy framework for streamlining production sharing contracts for New Exploration and Licensing Policy (NELP) and pre-NELP blocks on August 14, 2018. As per the framework, all […]
Oil India Limited (OIL) has discovered highly viscous heavy oil in the infra-Cambrian rock at its Jaisalmer fields. The crude has been extracted from the Jaisalmer field after almost 26 years of OIL getting the […]
India is planning to triple its biofuels production by 2022. The government has planned 12 biofuel refineries in the country at an investment of Rs 100 billion. Each refinery is expected to generate employment for […]
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