GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

NLC India brings live 300 MW of solar in Tamil Nadu

NLC India brings live 300 MW of solar in Tamil Nadu

Coal miner and power generation group NLC India Ltd (BOM:513683) has commissioned 300 MW of grid-connected solar photovoltaic (PV) parks in the state of Tamil Nadu.

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India's Power Capacity Seen Overtaking Japan This Year: Chart

India's Power Capacity Seen Overtaking Japan This Year: Chart

Fueled by a rapid rollout of coal-fired power generation, India is expected to have Asia’s second-largest power capacity at 363.32 gigawatts in 2018, overtaking Japan, according to data compiled by BMI Research.

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Govt’s Order On Priority Coal Supply To Power Plants May Hit Non-power Sectors Like Cement, Aluminium & Steel Industries

Govt’s Order On Priority Coal Supply To Power Plants May Hit Non-power Sectors Like Cement, Aluminium & Steel Industries

The government’s decision to prioritise coal supply to power plants will greatly hurt other industries dependent on coal such as cement and aluminium, according to industry players who had written to Railways and Finance Minister Piyush Goyal to voice their grievances.

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HC stays Karnataka electricity commission’s retro charges on green power companies

HC stays Karnataka electricity commission’s retro charges on green power companies

The Karnataka High Court has issued an interim stay on the state electricity regulatory commission’s May 14 order that imposed transmission and wheeling charges retrospectively on renewable energy developers.

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China to tackle wasted energy in new wind farm rules

China to tackle wasted energy in new wind farm rules

China's energy regulator has ordered local authorities to take heed of the grid capacity when selecting new wind power projects, in an attempt to ensure that no more than 5 percent of the electricity they generate is wasted, it said in a notice.

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Electric vehicles seen driving cobalt crunch by mid-2020s

Electric vehicles seen driving cobalt crunch by mid-2020s

The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.

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JSW Energy to gain most from rise in merchant power tariff

JSW Energy to gain most from rise in merchant power tariff

Merchant power rates have shot up 50 per cent in the past week to over Rs 6 per unit. While this augurs well for most of the power-generating companies, JSW Energy will be the biggest beneficiary amongst the large power generators since it sells over 25 per cent of the capacity through the merchant route.

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U.S. and partners form international alliance to push nuclear power

U.S. and partners form international alliance to push nuclear power

The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies.

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How Saudi Arabia is triggering India’s oil woes

How Saudi Arabia is triggering India’s oil woes

It is no secret that India is on the verge of facing a fuel crisis as global crude oil prices continue to fluctuate on a daily basis. Petrol and diesel prices have increased for the past 12 days and aviation turbine fuel prices have also increased. The government has promised to come up with both long term and short term solutions to put an end to India’s oil woes.

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Petrol, diesel price: Private oil companies support duty cut to ease pressure

Petrol, diesel price: Private oil companies support duty cut to ease pressure

With rising prices of petrol, diesel becoming a major concern for people in India, the government is evaluating various options to ease the pressure on citizens including subsidisation through upstream state-owned oil companies like ONGC and Oil India, a step which could severely impact private oil companies.

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Big Oil Consumers Start to Lock-in Prices as Brent Surges to $80

Big Oil Consumers Start to Lock-in Prices as Brent Surges to $80

The rise in oil prices to $80 a barrel is starting to cause concern across boardrooms, with some big industrial consumers, including airlines and shipping companies, starting to buy more insurance against rising energy prices.

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Oil prices fall as Russia warns of gradual output increase

Oil prices fall as Russia warns of gradual output increase

Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017. Brent crude futures LCOc1 were at $78.63 per barrel at 0534 GMT, down 16 cents from their last close, and more than 2.2 percent below the $80.50 multi-year high they reached on May 17.

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Heavy capex plans leave ONGC with little heft to absorb oil price surge

Heavy capex plans leave ONGC with little heft to absorb oil price surge

ONGC, the traditional fall-back option for subsidising fuel, no longer has the financial muscle to cushion the impact of rising oil prices, company executives said amid mounting pressure on policy makers to re-impose price controls or levy a windfall tax on exploration firms.

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GAIL says time not ripe for breaking only company laying pipelines

GAIL says time not ripe for breaking only company laying pipelines

The market is not yet ready for splitting state-run gas utility GAIL into two separate entities for building pipelines and marketing, the head of the country’s largest gas transmission and marketing company said on Thursday.

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India's GAIL turns to spot and short-term LNG deals

India's GAIL turns to spot and short-term LNG deals

Indian gas utility GAIL (India) has switched its focus to short-term and spot deals for the purchase of liquefied natural gas (LNG) to meet rising demand and hedge against price volatility, its chairman said.

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Vedanta will abide by law of land, says Anil Agarwal

Vedanta will abide by law of land, says Anil Agarwal

Global metals magnate Anil Agarwal, who is the chairman of Vedanta Resources, on Thursday said that his group is strictly following the laws of the land, and that the local coastal community is a valuable stakeholder for the sustainability of the copper smelter at Tuticorin, where violent protests against the unit killed 13 people this week.

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Weak Indian Rupee mainly responsible for fuel price hike Pradhan

Weak Indian Rupee mainly responsible for fuel price hike: Pradhan

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Thursday said that the reduced value of the Indian rupee in comparison to the US dollar is causing fuel price hike.

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Rationalising fares to prevent the financial derailment of Indian Railways

Rationalising fares to prevent the financial derailment of Indian Railways

Ameya Pimpalkhare is an Associate Fellow at ORF’s Mumbai Centre. He works on the themes of energy and transportation. His key research interests include: sustainable energy, energy management, sustainability and the Indian Railways.

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BMRCL planning to take up 14-km stretch between Dairy Circle and Nagawara in two phases

BMRCL planning to take up 14-km stretch between Dairy Circle and Nagawara in two phases

The Bangalore Metro Rail Corporation Limited (BMRCL) is planning to take up the 14-km stretch between Dairy Circle and Nagawara in two phases. The BMRCL had proposed to take up the construction of this line through four packages with a view to speed up the work but gave up the idea as the bids quoted by contractors were steep.

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Safety is Topmost Priority of our Government: Railway Minister Piyush Goyal

Safety is Topmost Priority of our Government: Railway Minister Piyush Goyal

Minister of Railways and Coal Piyush Goyal (he also holds the additional charge of Finance Ministry in the absence of Arun Jaitley who has undergone kidney transplant) said on Thursday that transparency and honesty are Modi government’s top priorities.

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Ganpati festival rush has Konkan Railway all booked up

Ganpati festival rush has Konkan Railway all booked up

Ganesh Chaturthi is a good four months away but the rush is already making itself felt. Online ticket bookings for trains to the Konkan region have gone through the roof. Over the past one week, the Konkan Railway has been overbooked with wait lists touching 1,000 in select trains.

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With The Opening Of Chennai Central Metro Station, You Can Now Take A Single Train From Railway Station To Bus Station To Airport

With The Opening Of Chennai Central Metro Station, You Can Now Take A Single Train From Railway Station To Bus Station To Airport

Two major sections of the Chennai Metro will be thrown open to the public by Tamil Nadu Chief Minister Edapadi K Palaniswami and Union Minister of State (Independent Charge) for Housing and Urban Affairs Hardeep Puri today (25 May), reports The Hindu.

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Western Railway sets up biogas plant at Mumbai Central station

The Western Railway (WR) has installed a biogas plant at Mumbai Central station that will convert organic waste into gas, which will then be used for cooking, a senior official has said. It is the first of its kind exercise by the Western Railway, the official said.

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Jindal Steel and Power may offer 50% more Cargo to Railways this year

Jindal Steel and Power Ltd (JSPL) expects s to increase its rail freight loading by 50 per cent this year – with plans to lug 30 million tonne (mt) in the ongoing fiscal year against 20 mt in FY2018.

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Kalyan Railway Station to get ₹960-crore facelift

Kalyan Railway Station to get ₹960-crore facelift

Five to six new platforms, realignment of tracks and separate lines for long-distance trains — these are some of the measures that the Central Railway will take to manage crowds and improve punctuality of trains at Kalyan railway station in the next two years.

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130 Kmph Speed Sections – Zonal Railways submits Technical Feasibility Report on Group A & B Routes to Board

130 Kmph Speed Sections – Zonal Railways submits Technical Feasibility Report on Group A & B Routes to Board

To boost speed of trains, zonal railways have submitted routes where the existing speed of trains can be increased to 130 kmph to reduce travel time.

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L&T Construction bags Rs 3,191 cr order for Dhaka Metro

L&T Construction bags Rs 3,191 cr order for Dhaka Metro

Larsen & Toubro (L&T) today said L&T Construction has bagged a Rs 3,191 crore order from Dhaka Mass Transit Company for construction of a railway line for Dhaka Metro. L&T said it has secured the order in JV with Marubeni Corporation (Japan) through an international competitive bidding process.

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Monetising Gadkari: Why Modi Needs An Integrated Transport Chief

Monetising Gadkari: Why Modi Needs An Integrated Transport Chief

If there is one minister in the Narendra Modi government who has delivered in spades, it is Nitin Gadkari, Union Minister for Road Transport, Shipping and Waterways. While there are several other ministers who have performed extremely well

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Mumbai: Indian Railways to open up redevelopment plan of residential colonies across city

Mumbai: Indian Railways to open up redevelopment plan of residential colonies across city

In good news for builders in Mumbai, the Indian Railways is considering the proposal of the redevelopment of its residential colonies spread across the city. This proposal will open up 240 acres of land for development, which is a bonanza for the builders.

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Railway expands job opportunities, recruitment to push automation

Railway expands job opportunities, recruitment to push automation

Just before releasing the advertisements for recruitment to about 90,000 posts, the rail ministry this year decided to cut the level of qualification required for most of the jobs to that of class 10 pass instead of the more stiff ITI qualification.

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Historic passenger train chugs into history for broad gauge

Historic passenger train chugs into history for broad gauge

The historic passenger train running between Dabhoi and Chandod railway stations in the district on Thursday made its final run to make way for the conversion of narrow gauge line into broad gauge.

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