|
|
Business & Economy
ONGC, Reliance betting
big on wind energy
What is India News Service,
Saturday, 19 March 2005, 1700 hrs IST
Mega companies Oil and Natural Gas Corporation (ONGC),
Reliance Energy and Hindustan Petroleum Corporation Ltd (HPCL) are among those betting
big on the potential of the wind energy sector and, along with equipment
major Suzlon, are toying with the idea of setting up large capacity wind parks
in the country.
HPCL is planning to roll out a 100-MW wind park
project across the country in three to four phases.
The company is looking at Karnataka and Andhra
Pradesh for setting up the project and would kick-start full-fledged commercial
operations by selling the power to the grid or to state electricity boards
through bilateral contracts, industry players said. It is looking to float
tenders inviting developers to execute the project on a turnkey basis, they
added. ONGC is also betting heavily on the wind energy sector and is planning to
replace nearly half of the 350-MW of electricity that it draws from the grid,
for operations in six States, with wind power. The company is looking at setting
up two wind farms of around 150 MW for captive consumption in Gujarat, industry
sources said.
A-I
budget carrier flies to Middle East from Apr 29: AIR India Express,
Air-India's budget subsidiary, will commence operations on April 29 with a 25-50
per cent discount to prevailing full-service fares. This comes to about Rs 2,500
one-way if booked well in advance at the steepest discount.
PepsiCo's Nooyi to visit India
: PepsiCo's president Indra Nooyi's visit to India
later this month will coincide with a significant development for the food and
beverage industry.
Rs
10 k to S'pore, KL & back: Air Sahara:
Summer fares to South-East Asia will see a new low this season,
with private carrier Air Sahara on Friday announcing launch of its flights to
Kuala Lumpur and Singapore with an introductory round-trip fare of just Rs
10,000. This beats even domestic fares on some major trunk routes.
Sensex
up 31 pts as value buying lifts blue chips:
The Bombay Stock Exchange (BSE) sensex ended 30.82 points up at
6,700.34 points on Friday as blue chips snapped a five session losing streak on
late bout of value buying after the market recovered from early jitters over
surging inflation, high oil prices and the sell off by foreign funds.
UB close to becoming third largest liqour maker:
Industry sources, said Mallya, along with his investment bankers I-Sec, has
started final round of negotiations with officials of Shaw Wallace.
Karnataka likely to lose money from NABARD sanction:
Of the total Rs 168.88 crores released to the state under the irrigation scheme, Karnataka has utilized less and must fully utilize the money before March 31, 2005.
Swamy opposes Iran gas pipeline project:
Pointing out that Pakistan had not been able to protect its own pipeline, Swami said the proposed fee would be used by Pakistan to buy weapons from the US.
UB close to becoming third largest liqour maker
: Industry sources, said Mallya, along with his
investment bankers I-Sec, has started final round of negotiations with officials
of Shaw Wallace.
Now
Tatas in dock for compromising national security:
TRAI has issued a show cause notice to Tata Teleservices 'for
compromising the national security requirements' under its push-to-talk services
as calls without caller line identification were made possible throughout the
country.
| |
