Domestic air traffic is expected to grow 25 per cent and cross 130 million in financial year 2017-18, but airlines will see bigger risks to profitability because of rising costs and yield pressures, aviation consultancy CAPA has said in its India outlook which it released recently.
Author: admin (Infratructure Today)
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AirAsia India to commence international operations by mid-2018
AirAsia India is likely to commence international operations from the second half of the next calendar year, as it is expected to possess a fleet of 20 aircraft by mid-2018.
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APM Terminals Pipavav implements system for paper-free customs clearance
APM Terminals Pipavav has successfully implemented e-SMTP (electronic sub-manifest transshipment permit) at its port beginning 2017.
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ABB India Ltd posts 54percent order growth in 2016
ABB India has posted its biggest growth in orders in recent years. The investments in power transmission based on cutting edge technology, renewables, increased spend in infrastructure & transportation provided ABB India ample opportunities.
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EscortsĂâ profits grow by 54.4percent at Rs 101 crore
Escorts Limited has reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 crore in the corresponding quarter in the previous fiscal. The profit reported is after one time loss from discontinued operations in respect of its auto products business of Rs 30.8 crore.
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CIDCO expects more participation in Navi Mumbai airport bid
CIDCO is ĂâpositiveĂâ that more firms would participate in the bid for the development of its ambitious Navi Mumbai International Airport project, according to a senior development authority official. Bids close on February 13 two extensions have already been given for the same.
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Essar Projects wins contract for laying gas pipeline from Jalandhar to Amritsar
Essar Projects, a leading EPC (Engineering Procurement & Construction) company, has announced that it has won a contract for a 100-km pipeline from GSPL India Gasnet Ltd. (GIGL).
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TUV Rheinland launches new asset integrity data management portal
TĂĆV Rheinland, a global testing, inspection, certification and consultancy corporation headquartered in Germany with locations in over 65 countries worldwide, has announced the launch of its new, standalone and unique mobile digital solution for the management, analysis and tracking of asset integrity data.
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GMRĂâs airport SEZ plea turned down
A proposal by the GMR Group for converting an aviation SEZ into a multi-product SEZ has been rejected by the Expert Appraisal Committee (EAC) under the Union Ministry of Environment, Forests and Climate Change
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India keen to buy foreign coking coal assets
Coal India Ltd plans to acquire coking coal assets abroad as India lacks the technology to economically develop local reserves, Coal Minister Piyush Goyal has said.