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New UDAN scheme development underway
The civil aviation ministry is developing an expanded version of the regional air connectivity scheme, UDAN, which aims to ease entry barriers and reduce operational costs. This initiative is designed to attract new participants. The scheme will include new categories such as seaplanes, small aircraft, and helicopters, and will also focus on developing low-cost regional airports. Sources indicated that the final details of the scheme will be determined once the new government assumes office next month. Currently, the availability of aircraft, high financing costs, and regulatory norms, such ..
Aditya Birla Capital injects Rs 3 bn into housing finance unit
Aditya Birla Capital, a financial services firm, announced that it had injected Rs 300 crore into its housing finance subsidiary, Aditya Birla Housing Finance (ABHFL), to support business expansion. According to Aditya Birla Capital in a regulatory filing, the investment is intended to address ABHFL's growth and funding needs, as well as to enhance its leverage ratio. The company disclosed that it had subscribed to equity shares of ABHFL on a rights basis, with a total cash consideration of Rs 3 billion. ..
Coal India imports 3.58 lakh tonne of coal from Indonesia
Coal India (CIL) is set to procure approximately 3.58 lakh tonnes of coal from Indonesia through a vendor called GHV-BDE-DIL (JV) this year for the state's Thermal Power Plants (TPPs), including GENCOs and Independent Power Plants (IPPs). The Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi, informed the Rajya Sabha on December 19, 2012, that CIL had placed orders for the supply of imported coal based on 'Firm Orders' and prior payment by various Power Generating Companies. Data provided by the Ministry of Power indicated that 86% of the imported coal was utilised. In l..
