Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company.
The engines worth about Rs 200 crore are manufactured at the Diesel Locomotive Works (DLW) in Varanasi. The first lot of six locomotives are ready to be shipped next month, while the rest will be delivered by December this year.
Aiming at a major push for infrastructure, the railways will raise Rs 35,000 crore with World Market assistance to create a separate fund for investment in rail sector.
The Railways will roll out a high-power electric locomotive early next year which will be used to haul freight trains at twice the existing speed.
Essar Shipping today said it has taken delivery of a second-hand Panamax vessel, taking its fleet size to 14.
State-owned gas utility GAIL India today said it has drawn up investment plans of Rs 30,000 crore for expansion
The Centre’s proposed compensation mechanism for existing renewable energy projects will protect the cash flows to an extent from grid curtailments and will also ensure a favourable operational environment for renewables sector, said India Ratings.
Power Minister Piyush Goyal today said he “will not allow” any company to come to India from a country that does not permit an Indian firm to do business there — a warning seen to be targetted at China.
State-owned gas utility GAIL India Ltd today said it has signed a first-ever time-swap deal to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.
The Indore-Jammu Malwa Express will go upto Katra station from June for the convenience of pilgrims visiting the Mata Vaishno Devi shrine.