GOOD MORNING INDIA

October 17, 2018, Wednesday

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

BSES Signs Deal To Buy Wind Power

BSES Signs Deal To Buy Wind Power

Electricity distribution company (discom) BSES Yamuna Power Limited (BYPL), supplying power to central and east Delhi, on Wednesday said that it has signed a power sale agreement with the Solar Energy Corporation of India (SECI) to purchase 100 MW of wind power at competitive rates.

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Engie Hires Rothschild To Find Buyer For Indian Solar Business

Engie Hires Rothschild To Find Buyer For Indian Solar Business

French energy firm Engie SA, one of the largest foreign investors in India’s solar power space, has mandated Rothschild to find a buyer for picking up a significant stake in its Indian solar business.

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France’s Engie Appoints Rothschild To Find A Buyer For Indian Solar Biz

France’s Engie Appoints Rothschild To Find A Buyer For Indian Solar Biz

French energy firm Engie SA, one of the largest foreign investors in India’s solar power space, has mandated Rothschild to find a buyer for picking up a significant stake in its Indian solar business.

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India Engaged With US For Amicable Solution On Steel, Aluminium Duty Issue: Commerce Min

India Engaged With US For Amicable Solution On Steel, Aluminium Duty Issue: Commerce Min

India is engaged with the US for an "amicable solution" on the issue of imposing retaliatory customs duties against America's move to hike tariffs on certain steel and aluminium products, Parliament was informed today.

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Tata Power Outlook Revised To Positive On Refinancing Progress: S&P

Tata Power Outlook Revised To Positive On Refinancing Progress: S&P

S&P Global Ratings today said it has revised its outlook on Tata Power to positive but has withdrawn its rating at the company’s request.

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Piyush Goyal Moves Fugitive Economic Offenders Bill In Lok Sabha

Piyush Goyal Moves Fugitive Economic Offenders Bill In Lok Sabha

Finance Minister Piyush Goyal on Wednesday moved the fugitive economic offenders bill in Lok Sabha to give authorities power to attach and confiscate the proceeds of crime and properties of fraudsters and loan defaulters who flee the country.

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Safeguard Duty: Is India's Solar Mission On The Brink Of Derailment?

Safeguard Duty: Is India's Solar Mission On The Brink Of Derailment?

Imposition of tariff barriers on the imports of solar modules and cells have been a topic of discussion for several months now.

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Government's Target To Attain 100 GW Solar Energy By 2022 Is Driving The Growth Of Solar Inverter Market In India - 6wresearch

Government's Target To Attain 100 GW Solar Energy By 2022 Is Driving The Growth Of Solar Inverter Market In India - 6wresearch

6Wresearch has recently published a new report titled "India Solar Inverter Market (2018-2024)" provides an in-depth analysis with 40 figures and 12 tables covered in 110+ pages.

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Cabinet Tweaks Pre-NELP Oil Blocks, Reduces ONGC Burden Of Levies

Cabinet Tweaks Pre-NELP Oil Blocks, Reduces ONGC Burden Of Levies

The Cabinet today tweaked pre-1999 oil and gas contracts to provide for proportionate sharing of statutory levies like royalty and cess between the operators of an area, and not put the entire burden on state-owned ONGC.

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Pawan Hans: Centre, ONGC Likely To Go For Strategic Divestment

Pawan Hans: Centre, ONGC Likely To Go For Strategic Divestment

The Centre and ONGC, which own Pawan Hans (PHL) in 51:49 ratio, are likely to bunch together their stakes for strategic disinvestment of India’s premier helicopter service provider, to garner a better price as well as make it attractive for prospective buyers.

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Our Bilateral Relationship With Iran Stands On Its Own: India

Our Bilateral Relationship With Iran Stands On Its Own: India

Less than three weeks before the first wave of US sanctions against Iran kicks in, India on Wednesday made it clear that its bilateral relations with Tehran stand on their own and are not influenced by its ties with any third country.

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Spanish Oil Firm Cepsa Ties Up With GP For India Entry

Spanish Oil Firm Cepsa Ties Up With GP For India Entry

Spanish oil company Cepsa Trading SA said on Wednesday it will produce and sell marine and power generation lubricants in India through a partnership with GP Global Energy Pvt Ltd, part of UAE-based GP Global (formerly called Gulf Petrochem).

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Crude Oil Reality For Indian Investors

Crude Oil Reality For Indian Investors

India’s energy sector is affected by swings in crude oil prices, since the country is a major net importer of crude and gas.

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India Offers Incentives To State-owned Oil And Gas Firms

India Offers Incentives To State-owned Oil And Gas Firms

Oil and Natural Gas Corp and Oil India will pay royalty and cess tax only to the extent of their equity holding in oil and gas blocks given to them before 1999, Indian Oil Minister Dharmendra Pradhan said on Wednesday after a cabinet meeting

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Oil Companies: A Value Buy In Indian Markets

Oil Companies: A Value Buy In Indian Markets

Indian markets have been the fancy of investors from early 2014 onwards. However, while this rally has stayed strong over the last four years

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India Need Not Fear Oil Shortage: UAE Envoy

India Need Not Fear Oil Shortage: UAE Envoy

Even as the US-imposed sanctions on Iran has put India's energy security in jeopardy, UAE Ambassador to India Ahmed Albanna has allayed fears of an oil shortage, saying his country as well as Saudi Arabia can fill in if supply from Iran is disrupted.

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Royalty Relief For Oil Duo

Royalty Relief For Oil Duo

State-owned ONGC Ltd and Oil India will pay royalty and cess on the oil blocks awarded to them before 1999 to the extent of their equity holding in these blocks and not the full amount.

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Iran Sanctions: India’s Options

Iran Sanctions: India’s Options

Once again, India is caught in the middle of a conflict between the US and Iran. During the earlier round of sanctions, India had succeeded in deftly manoeuvring through the sanctions regime, keeping its relations with both countries intact, if somewhat bruised.

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Jaipur Metro Rail Corporation To Conduct Survey For Inputs On Improvement

Jaipur Metro Rail Corporation To Conduct Survey For Inputs On Improvement

The Jaipur Metro Rail Corporation looks for a feedback from its commuters and those residing near metro stations along the operational route from Chandpole to Mansarovar.

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North Chennai Metro Line To Get Power Installations Soon

North Chennai Metro Line To Get Power Installations Soon

Work to link North Chennai with metro trains in less than two years’ time is on in full swing, as the Chennai Metro Rail Limited (CMRL) will soon begin installation of critical power systems required for the transit facility’s operation.

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Pune: Quick response teams deployed on Metro corridors

Pune: Quick response teams deployed on Metro corridors

To ensure safety of commuters and pedestrians on Metro routes, the MahaMetro Rail Corporation has deployed two quick response teams (QRT) for Vanaz-Ramwadi and Pimpri-Swargate corridors.

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Andheri Bridge Collapse: Indian Railway Says Corrosion, Overloading Caused Part Of ROB To Break Off

Andheri Bridge Collapse: Indian Railway Says Corrosion, Overloading Caused Part Of ROB To Break Off

Corrosion of steel brackets and piling of additional weight by the Brihanmumbai Municipal Corporation led to the partial collapse of a Road Over Bridge (ROB) in Andheri earlier this month, a railway probe report has said.

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IRCTC To Set Up New Kitchens To Check Quality Of Food Served On Trains

IRCTC To Set Up New Kitchens To Check Quality Of Food Served On Trains

Indian Railway Catering and Tourism Corporation (IRCTC) will set up new kitchens and upgrade existing ones, in order to upgrade the quality of food served on trains.

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Govt Puts Out Plans On Redevelopment Of Railway Stations

Govt Puts Out Plans On Redevelopment Of Railway Stations

Indian Railways had advertised its plan to offer ‘A-1’ and ‘A’ category stations on Indian Railways for redevelopment on ‘as is where is’ basis, by inviting open bids from interested parties duly providing for amenities and other requirements of the Railways.

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For Better Food Quality, Railways To Set Up New Kitchens, Upgrade Others

For Better Food Quality, Railways To Set Up New Kitchens, Upgrade Others

In order to upgrade the quality of food served on trains, the IRCTC will set up new kitchens and upgrade existing ones, parliament was told on Wednesday.

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CCI Dismisses Complaint Against 37 Railway Signalling Cable Suppliers

CCI Dismisses Complaint Against 37 Railway Signalling Cable Suppliers

The Competition Commission has rejected allegations of unfair business practices made against 37 railway signalling cable suppliers even as it noted that the scale of operations of Indian Railways requires an "efficient" procurement policy which is in tandem with competition laws.

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Central Railway Shuts Matunga Railway Station Foot-over-bridge After Finding Cracks In It

Central Railway Shuts Matunga Railway Station Foot-over-bridge After Finding Cracks In It

A foot-over-bridge (FOB) connected to the Matunga railway station on the Central Railway has been shut for the public after cracks were found in it, civic officials said.

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Free Wifi Facility At Stations Without Expenditure On Railways' Account: Minister

Free Wifi Facility At Stations Without Expenditure On Railways' Account: Minister

The Indian Railways has decided to provide free WiFi facility at all its stations, except at halt stations, without involving any expenditure on the national carrier's account, Minister of State for Railways Rajen Gohain said today.

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