Untitled Document

Excon, Excon 2011 Biggest Construction Equipment Trade fair India.

Find all the latest updates on construction, construction equipments, softwares, infrastructure news, global trade shows, and get deep insights into the construction & infrastructure industry.


	Home About Us New Issue Advertise Subscribe Subscribe Enquiry Subscribe Online Events Contact

IRB Infrastructure Forms JV with Reliance Infrastructure for NHAI project | JSW raises Rs1849 cr via warrants issue | NTPC may buy stake in Australian coal mines | RIL plansto invest US $4 bnover 3 yrs for broadband | TATA Metaliks to construct 3mt steel project in Karnataka | Vizag Port in pact with Sterlite SAIL and Essar for integrated logistics hub | Sarguja UPMM in Chattisgarh delayed due to environment clearance |Chhattisgarh to plant six crore saplings this monsoon |Reliance Ind to infuse $3 bn to expand petrochem unit in Gujarat | Govtfavors 10% disinvestment in Coal India, Hindustan Copper

www.epcworld.in

Airports & Aviation

Cement

Equipment

Construction Equipments

Mining Equipments

Material Handling Equipments

Global Brief

Information Technology

Logistics & Transport

Oil and Gas

Ports and Shipping

Power & Energy

Railways

Real Estate

Roads and Bridges

Steel

Telecom

IVRCL Infra bags Rs 583 cr water projects | Govt signs agreements with World Bank for three projects |Thermax enters into JV with SPX Corp | HCL Tech, Optimation sign partnership deal | GEECL likely to bid for CBM-IV blocks

Aviation

Five domestic airlines in debt of Rs 2,225 cr to oil PSUs

7/18/2009 1:57:00 PM

New Delhi, July (EPC News): Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd, Paramount and SpiceJet owe Rs 2,225.52 crore to the public sector oil marketing companies till May-end, the Minister for Petroleum and Natural Gas, Murli Deora, informed the Lok Sabha on Thursday.

While Kingfisher Airlines owed the three oil marketing companies Rs 950.46 crore, Jet Airways had an outstanding of Rs 760.07 crore and NACIL owed Rs 472.93 crore till May-end, the Minister said. The Chennai-based Paramount Airways had to pay Rs 25.82 crore and the Delhi-based SpiceJet has due of Rs 16.24 crore, the Minister added. The three OMCs are Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation.

“In case the airlines fail to pay their dues, OMCs take action for recovery of dues in line with the mutually agreed commercial terms between them and the airlines. The defaulting airlines are also put on ‘cash and carry’ and interest is recovered on all overdue payments,” the Minister said. This issue was also taken up with the Ministry of Civil Aviation, which advised the airlines to clear their outstanding dues promptly, Mr Deora said.