GOOD MORNING INDIA

November 20, 2018, Tuesday

Your Morning Newsletter In Energy And Infrastructure From Across The Media Space  

Lifeline For Tata, Adani, Essar Units; Supreme Court Allows Renegotiation Of Agreements

Lifeline For Tata, Adani, Essar Units; Supreme Court Allows Renegotiation Of Agreements

The Supreme Court on Monday extended a lifeline to the three troubled imported-coal-based power plants of Tata, Adani and Essar in Gujarat by allowing the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements (PPAs) to facilitate pass-through of future fuel price escalation subject to a cap.

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Discom, Renewables Boost Tata Power’s Q2 Profit

Discom, Renewables Boost Tata Power’s Q2 Profit

Tata Power said on Monday its consolidated net profit rose 85 per cent in the second quarter of FY19 to ₹393 crore, against ₹213 crore in Q2 FY18.

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CERC Gets 8 Weeks To Consider Tariff Changes In Gujarat Power Plants

CERC Gets 8 Weeks To Consider Tariff Changes In Gujarat Power Plants

Ksenia Kondratieva The stocks of Tata Power and Adani Power shot up around 20 per cent on Monday following a Supreme Court directive to the Central Electricity Regulatory Commission (CERC).

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Solar Power Projects Worth Rs 28,000 Crore Facing Viability Risks

Solar Power Projects Worth Rs 28,000 Crore Facing Viability Risks

Nearly half of the solar power generation capacity worth Rs 28,000 crore currently under implementation in India is facing viability risk because of the continuous fall in the value of the Rupee.

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SC Asks CERC To Decide On Amendments In PPAs Of Power Companies

SC Asks CERC To Decide On Amendments In PPAs Of Power Companies

The Supreme Court Monday asked the Central Electricity Regulatory Commission to give a decision in eight weeks on the proposed amendments in the power purchase agreements of coal-based plants of the Adani, Tata and Essar groups in Gujarat.

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Rupee Slide, Safeguard Duty Cloud Rs 14,000 Crore Solar Projects Viability

Rupee Slide, Safeguard Duty Cloud Rs 14,000 Crore Solar Projects Viability

Rupee slide has created viability risks for nearly half of the solar power capacities under implementation, worth Rs 28,000 crore, by making imported solar modules costlier and pushing up overall project costs, CRISIL Ratings said in a report on Monday.

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India May Face Power Issues; Domestic Coal Supply Significantly Short Of Demand, Says Icra

India May Face Power Issues; Domestic Coal Supply Significantly Short Of Demand, Says Icra

Domestic coal supply remains significantly short of the domestic demand on the back of strong recovery in power demand and a healthy growth in production levels from non-regulated consuming sectors like cement, aluminium, and steel, rating agency Icra said Monday.

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Thermal, Steam Coal Shipments At Major Ports Rises 24% At 51 Mt In H1

Thermal, Steam Coal Shipments At Major Ports Rises 24% At 51 Mt In H1

Coal shipments — both thermal/steam and coking coal — handled by the 12 state-run ports saw a jump in the first half of FY19.

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India home to 3 of the largest NO2 emission hotspots: Greenpeace

India home to 3 of the largest NO2 emission hotspots: Greenpeace

As Delhi continues to battle alarming pollution levels, a new study has found that three of the world's largest nitrogen dioxide emission hotspots that contribute to formation of finer particulate matter causing air pollution are in India, with one in the Delhi-NCR.

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India's BPCL Q2 profit almost halved by refinery fire, misses estimates

India's BPCL Q2 profit almost halved by refinery fire, misses estimates

Bharat Petroleum Corp Ltd's profit nearly halved in the second quarter, well below analysts' expectations, after a unit at its Mumbai refinery was closed by a fire. Profit in Bharat Petroleum's fiscal second quarter ended Sept.

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Petrol, Diesel Prices Cut For 13th Straight Day

Petrol, Diesel Prices Cut For 13th Straight Day

The downward slide in petrol and diesel price continued Tuesday. Petrol price was cut by 20 paise a litre and now costs Rs 79.55 per litre in Delhi. Diesel rates were reduced by Rs 0.07 to Rs 73.85 a litre.

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Vedanta Moves HC Against Centre's Notice To OMCs On Allocation Of Oil Sale Proceeds

Vedanta Moves HC Against Centre's Notice To OMCs On Allocation Of Oil Sale Proceeds

The Delhi High Court on Monday sought response of the Centre on Vedanta Ltd's plea challenging its notice to oil marketing companies (OMCs) not to forward to the company its share of the proceeds from sale of petroleum products.

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Trafigura denied licence to operate fuel pumps in India

Trafigura denied licence to operate fuel pumps in India

The government has rejected for now global commodity trader Trafigura’s request for a licence to operate petrol pumps in the country, according to people aware of the development.

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Fuel prices coninue to fall: Here's how to check rates in your city

Fuel prices coninue to fall: Here's how to check rates in your city

Providing relief to the consumers, the fuel prices continued to fall on Tuesday with petrol and diesel now being sold at Rs 79.55 and Rs Rs 73.78 per litre respectively in the national capital

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China, India, Oil Price Spike Worries To Test US' Iran Sanctions Resolve

China, India, Oil Price Spike Worries To Test US' Iran Sanctions Resolve

Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.

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India, Russia, Iran To Meet On North-South Corridor On Nov 23

India, Russia, Iran To Meet On North-South Corridor On Nov 23

India, Russia and Iran will hold a trilateral meeting on the International North South Transport Corridor (INSTC) on November 23 to make the 7,200-km-long ship, road, and rail route operational soon, an official statement said on Monday.

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Top Cadre Services Of Indian Railways Spar Over Key Posts

Top Cadre Services Of Indian Railways Spar Over Key Posts

The premier cadre services of the Indian Railways are at loggerheads.

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Metro-like 'Train-18' To Hit Railway Tracks From Jan

Metro-like 'Train-18' To Hit Railway Tracks From Jan

A first-of-its-kind 16-bogie metro-like train, capable of achieving a maximum speed of 160 kilometres per hour, is ready to hit the tracks from January.

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Metro Pink Line: Karkardooma Station To Be 2nd Highest From Ground Level

Metro Pink Line: Karkardooma Station To Be 2nd Highest From Ground Level

Just two days away from inauguration, the new Pink Line section`s Karkardooma station, at a height of 21 metres above the ground, will be the second highest Metro station on the entire network.

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Train 18: Country's First Engine-less Train Rolled Out; Train 20 Next

Train 18: Country's First Engine-less Train Rolled Out; Train 20 Next

India's first engine-less semi-high speed train - "Train 18" - was rolled out Monday by the Integral Coach Factory (ICF) here and will eventually replace the Shatabdi Express for inter-city travel.

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15 More Cities Will Soon Have Metro Network: Union Minister Puri

15 More Cities Will Soon Have Metro Network: Union Minister Puri

India already has a 515-km functional network of metro tracks in various cities and 15 more will soon have over 660 kilometres of tracks for rapid urban transportation, Union Minister Hardeep Singh Puri said Monday.

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Diwali Special Trains: Indian Railways To Run Special Trains For Varanasi, Darbhanga, Chhapra, Other Destinations; Check Details Here

Diwali Special Trains: Indian Railways To Run Special Trains For Varanasi, Darbhanga, Chhapra, Other Destinations; Check Details Here

Indian Railways has said that it is running around 78 trains between 15.10.2018 to 15.11.2018.

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YESTERDAY'S HEADLINES

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