GOOD MORNING INDIA

October 16, 2018, Tuesday

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

MUST READ 

Rs 1,484 crore spent on PM Modi's foreign travel since 2014: Government

Rs 1,484 crore spent on PM Modi's foreign travel since 2014: Government

An expenditure of Rs 1,484 crore was incurred on chartered flights, maintenance of aircraft and hotline facilities during Prime Minister Narendra Modi's visits to 84 countries since June 2014, according to the government.

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Government may divest up to 10 per cent stake in Coal India

Government may divest up to 10 per cent stake in Coal India

The share closed at Rs 261.50 on BSE on Thursday. The Centre held 78.32% in CIL at end of June, while public shareholding was at 21.68%.

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ReNew IPO likely to be deferred

ReNew IPO likely to be deferred

The high profile ReNew Power initial public offering (IPO) may have run into rough weather and is likely to get postponed after investors showed lukewarm appetite towards the proposed issue with aggressive valuations and size, said four sources involved.

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Peak power deficit in April-June at 0.7 per cent: Minister R K Singh

Peak power deficit in April-June at 0.7 per cent: Minister R K Singh

Peak power deficit during April-June, 2018-19 was 0.7 per cent while overall electricity deficit stood at 0.6 per cent during the quarter, Parliament was informed today.

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India's import dependence for solar equipment over 90 per cent in last 3 fiscal: Government

India's import dependence for solar equipment over 90 per cent in last 3 fiscal: Government

India's import dependence for meeting its solar equipment demand was more than 90 per cent in past three financial years, Parliament was informed today.

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AION-JSW  bid for Monnet Ispat gets  NCLT nod

AION-JSW  bid for Monnet Ispat gets  NCLT nod

The National Company Law Tribunal (NCLT) has approved the bid of AION Capital-JSW Steel to acquire Monnet Ispat & Energy Ltd, providing major relief to the consortium

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NTPC to earn Rs 18,343 crore from Bangladesh power sales

NTPC to earn Rs 18,343 crore from Bangladesh power sales

State-owned power generator NTPC will earn Rs 18,343 crore over 15 years through 2033 by selling electricity to Bangladesh, said power and renewable energy minister R K Singh.

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ABB India June quarter net profit up 36 per cent at Rs 102.15 crore

ABB India June quarter net profit up 36 per cent at Rs 102.15 crore

Power and automation major ABB India today posted a 36 per cent jump in its net profit at Rs 102.15 crore for the quarter ended June 30, mainly on the back of higher revenues.

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Solar supercapacitor could power future of wearable sensors

Solar supercapacitor could power future of wearable sensors

A team of scientists led by an Indian-origin professor has developed a new solar-powered supercapacitor that could help make future wearable technologies lighter and more energy-efficient.

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Pollution control equipment in coal-fired power plants is a ₹3.96-lakh crore industry

Pollution control equipment in coal-fired power plants is a ₹3.96-lakh crore industry

New study into the cost and benefits of installing pollution control equipment in India’s thermal power plants has estimated the bill that the sector will be plastered with at ₹3.91-3.96 lakh crore till 2030.

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India targets 175 GW of renewable energy by 2022: Minister

India targets 175 GW of renewable energy by 2022: Minister

The government has set a target of installing 175 GW of renewable energy capacity by the year 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power, Lok Sabha was informed on Thursday.

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Oil prices rise as concerns about oversupply ease

Oil prices rise as concerns about oversupply ease

Oil prices gained on Friday after Saudi Arabia’s OPEC governor said the kingdom’s exports are likely to fall next month and inventories may be squeezed in the third quarter.

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Capex Plan: ONGC spared buyback obligation

Capex Plan: ONGC spared buyback obligation

The government has exempted state-owned explorer ONGC from the twin obligations of buying back its own shares and issuing bonus shares in the current fiscal, a move that would help the upstream hydrocarbon to not cut back on its capex plan of Rs 32,000 crore for the year.

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Five bid for city gas rights in Burdwan

Five bid for city gas rights in Burdwan

Five firms, including the Indian Oil-Adani Gas combine, are in the race to supply city gas to households in Burdwan. The district town is part of the 86 other places where firms have bid for city gas distribution rights.

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Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities

Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities

About half a dozen Gujarat-based companies have submitted 99 bids for city gas licences, which accounts for almost 25% of the total 406 offers received by Petroleum and Natural Gas Regulatory Board (PNGRB) to sell piped natural gas (PNG) as well as compressed natural gas (CNG) in 86 Indian cities.

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This deal with Russia will save India whopping Rs 9,500 crore; here’s what Dharmendra Pradhan says

This deal with Russia will save India whopping Rs 9,500 crore; here’s what Dharmendra Pradhan says

At $7 per million British thermal unit, India made the cheapest deal with Russia for purchasing LNG, which will save India Rs 9,500 crore. On June 4, the first-ever cargo of LNG from Russian supplier Gazprom arrived at Dahej in Gujarat.

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Oil Investors Look To Utah For Long-Term Riches

Oil Investors Look To Utah For Long-Term Riches

The rise in oil prices has resulted in relentless drilling and booming production in the U.S. shale plays, and the Permian in West Texas is attracting the most drillers, analysts, and media attention.

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City gas licences: BPCL, IOC, Adani Gas and GAIL emerge as top bidders

City gas licences: BPCL, IOC, Adani Gas and GAIL emerge as top bidders

Bharat Petroleum (BPCL) has emerged the top individual bidder in the 9th round of bidding for city gas distribution (CGD) licences with bids for 53 geographical areas (GAs), followed by Indian Oil (37), GAIL Gas (34), Adani Gas (32) and Torrent Gas (31).

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Macro has become riskier, can't pretend higher oil prices won't stoke inflation: CEA Subramanian

Macro has become riskier, can't pretend higher oil prices won't stoke inflation: CEA Subramanian

Macro indicators have only become riskier relative to a few months ago and one can’t pretend that higher oil prices won't stoke inflation in India, according to Chief Economic Advisor Arvind Subramanian.

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Revamped Tejas Express to hit tracks soon

Revamped Tejas Express to hit tracks soon

The Indian Railways is all set to roll out its revamped Tejas Express, which will either run between New Delhi to Chandigarh or the national capital’s Anand Vihar to Lucknow.

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Railway Board puts Rs 3,000 crore CCTV project on the back burner

Railway Board puts Rs 3,000 crore CCTV project on the back burner

The Railway Board has put a proposal by the Prime Minister’s Office to install CCTVs at all stations and in train coaches on the slow track as it figures out how to fund the Rs 3,000-crore project that will require about half a million cameras to be set up.

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Like In-Flight Shopping? Now Railways Will Let You Do It On-Board Trains Too!

Like In-Flight Shopping? Now Railways Will Let You Do It On-Board Trains Too!

Do you often get bored while travelling by train, and have nothing to do once you have exhausted your options of online entertainment? Well, you can shop onboard during your journey

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Indian Railways Announces Plans to Install Solar Panels on Stations and Trains

Indian Railways Announces Plans to Install Solar Panels on Stations and Trains

The Indian Railways is the single largest consumer of electricity with roughly 2 percent share of national energy consumption and it is gradually turning towards green initiatives for electrification as well as decarbonization.

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CIL's Northern Coalfields, Indian Railways to invest up to Rs 6,000 crore in tracks

CIL's Northern Coalfields, Indian Railways to invest up to Rs 6,000 crore in tracks

Coal India subsidiary Northern Coalfields and the railways are jointly investing about Rs 6,000 crore in Madhya Pradesh to lay new tracks and turn the existing ones into dual gauge, a move the coal behemoth hope will help it sell an additional 15 million tonnes of the fuel.

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India to build 2,000 kms of international roads by 2022: Minister Mandaviya

India to build 2,000 kms of international roads by 2022: Minister Mandaviya

The government is planning to build 1,911 kilometres of international connectivity roads over the five year period ending 2022 under its flagship Bharatmala scheme, parliament was told on Thursday.

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