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Time of India
4 days ago
- Business
- Time of India
India to develop 50 more airports in 5 years: K Rammohan Naidu
Highlighting the growth of the Indian aviation sector, Union minister K Rammohan Naidu on Monday said the country aims to have 50 more airports in the next 5 years. Currently, there are 162 airports in India and the number has more than doubled compared to 74 airports in 2014. Speaking at the annual general meeting of the International Air Transport Association (IATA), he also said that the government's regional air connectivity scheme (UDAN) democratised air travel and operationalised a total of 619 routes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Efforts are also on to make India a global MRO (Maintenance, Repair and Overhaul) hub and the segment is projected to be worth USD 4 billion by 2031, Naidu said. Naidu also asked global players to collaborate with India for sustainable aviation fuel production as he emphasised the importance of decarbonisation. Live Events India is one of the world's fastest growing civil aviation markets.
Time of India
25-05-2025
- Business
- Time of India
ONGC JV restarts production at Cauvery Basin
Oil and Natural Gas Corporation (ONGC) Ltd and its joint venture partners have restarted production from the PY-3 Field in the Cauvery Basin off the eastern coast, 14 years after the field was shut down, the company said in a statement without providing production details. The PY-3 field was brought onstream in 1997 but had been shut since July 2011. A multi-phase revised field development plan was implemented to revive production. Phase I has been completed. Hardy Exploration & Production (India) Inc. is the operator of the block with an effective 22.79% participating interest. ONGC holds a 50.63% participating interest, and Invenire Petrodyne Ltd. holds the remaining 26.58%. - Our Bureau by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo
Time of India
20-05-2025
- Business
- Time of India
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme . Live Events Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla).
