GOOD MORNING INDIA

October 20, 2018, Saturday

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

PFC Seeks Shareholders Approval To Raise Rs 65,000 Cr

PFC Seeks Shareholders Approval To Raise Rs 65,000 Cr

Power Finance Corporation (PFC) will seek its shareholders approval to raise Rs 65,000 crore through issuance of debt securities on private placement basis in India or abroad at its annual general meeting on September 11, 2018.

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Opinion: Let China Pay For India’s Solar Push

Opinion: Let China Pay For India’s Solar Push

It is a well-known fact that China’s solar sector is highly subsidized.

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India To Invest Rs 3.85 Lakh Crore To Set Up 77,000 Megawatt Solar Capacity

India To Invest Rs 3.85 Lakh Crore To Set Up 77,000 Megawatt Solar Capacity

India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today.

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Stressed Assets: ‘MSMEs Worse-placed Than Power Projects’

Stressed Assets: ‘MSMEs Worse-placed Than Power Projects’

The country’s micro, small and medium enterprises (MSMEs) are at worse situation at this stage “for a much lesser fault of theirs” as compared to the stressed power projects that are currently seeking a relief from default guidelines stipulated by the Reserve Bank of India (RBI)

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Jindal Steel Posts Profit Of Rs 1.1 Bn In June Quarter On Higher Revenues

Jindal Steel Posts Profit Of Rs 1.1 Bn In June Quarter On Higher Revenues

Naveen Jindal-led Jindal Steel & Power swung to profits at Rs 1.10 billion in the June quarter on the back of higher revenues even as expenses mounted considerably on a year-on-year basis.

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Mizoram To Get 100 MW Solar Power Plant

Mizoram To Get 100 MW Solar Power Plant

Sungevity Enterprises, a solar power solutions company, is gearing up to set up the biggest solar power plant in Mizoram with a capacity of 100 MW.

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SFIO Arrests Bhushan Steel Promoter; In Custody Till Aug 14

SFIO Arrests Bhushan Steel Promoter; In Custody Till Aug 14

Serious Fraud Investigation Office (SFIO) has made its first arrest.

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Hydropower Plants In Himachal Shut; Shortage In North India

Hydropower Plants In Himachal Shut; Shortage In North India

Heavy rain in Himachal Pradesh led to an abnormal rise in the level of the silt content in the Satluj river, forcing the authorities to keep the operation of three mega hydropower plants shut on the third day, officials said on Thursday.

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Essar Signs 15-year Gas Sale Deal With GAIL

Essar Signs 15-year Gas Sale Deal With GAIL

Ruia brothers-led Essar Oil and Gas Exploration and Production (EOGEPL) on Thursday announced that it has signed a 15-year Gas Sale and Purchase Agreement (GSPA) with state-run gas utility GAIL.

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PM Modi To Address Farmers, Entrepreneurs On World Biofuel Day

PM Modi To Address Farmers, Entrepreneurs On World Biofuel Day

Prime Minister Narendra Modi will on Friday attend an event and address a diverse gathering at Vigyan Bhawan to mark World Biofuel Day.

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India Nayara Energy To Shut Vadinar Refinery For A Month From Mid-november

India Nayara Energy To Shut Vadinar Refinery For A Month From Mid-november

Indian private refiner Nayara Energy, part-owned by Russian oil giant Rosneft's, will shut its 400,000 barrels per day (bpd) Vadinar refinery on the west coast for about a month from mid-November, a company spokesman said.

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BPCL May See Over Rs 200cr Loss On Mahul Refinery Fire

BPCL May See Over Rs 200cr Loss On Mahul Refinery Fire

The fire at Bharat Petroleum’s Mahul refinery in Mumbai could result in one of the largest insurance claims so far this year.

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Venezuela Will Continue To Sell Oil To India: Envoy

Venezuela Will Continue To Sell Oil To India: Envoy

Venezuela’s crude shipments to India, its third largest export market after the U.S. and China, fell 21% in the first six months of the year, but the country’s Ambassador in Delhi has said plans are on to boost production at home and that oil trade with India will continue unabated despite U.S. sanctions.

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India Offers Rs 1 Lakh Crore Of Oil, Gas Resources In DSF-II Round

India Offers Rs 1 Lakh Crore Of Oil, Gas Resources In DSF-II Round

India today put up for bidding 25 discovered oil and gas fields, holding resources of an estimated Rs 1 lakh crore, as it looked to expedite production from areas lying idle for years.

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E-tendering Contracts: Why Indian Railways Will No Longer Put Ads In Newspapers For Work Tenders

E-tendering Contracts: Why Indian Railways Will No Longer Put Ads In Newspapers For Work Tenders

Railways has done away with the practice of publishing advertisements of work tenders in newspapers for procurement, according to an order of the railway board.

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Parliamentary Panel Questions Railways: Why No Completion Report For 78 Projects Commissioned 24 Years Ago

Parliamentary Panel Questions Railways: Why No Completion Report For 78 Projects Commissioned 24 Years Ago

Finding no completion reports for 78 railway projects commissioned 24 years ago, a parliamentary panel has said if a test audit could reveal so many instances of non-preparation of reports, the "quantum" of such cases, across zones, at present would be much more.

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Railways' First Disaster Management Village Near Bengaluru By Sept

Railways' First Disaster Management Village Near Bengaluru By Sept

Indian Railways’ first disaster management village at Hejjala village, 25km from Bengaluru, is nearing its completion.

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Security Of Passengers: 345 Stations And 4780 Hand Held Metal Detectors At Rly Stations

Security Of Passengers: 345 Stations And 4780 Hand Held Metal Detectors At Rly Stations

Railways has installed door frame metal detectors at 345 stations while 4,780 hand held metal detectors have been made available for checking of passengers based on threat perception, Minister of State for Railways Rajen Gohain informed Lok Sabha today.

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Government Plans Six High-speed Rail Corridors To Connect Four Metros

Government Plans Six High-speed Rail Corridors To Connect Four Metros

The government on Thursday said that it has identified six routes connecting four major metros for feasibility studies for high speed rail.

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MEP Infra To Offload Stakes In Road Projects To Cube Highways

MEP Infra To Offload Stakes In Road Projects To Cube Highways

Road developer MEP Infrastructure and Projects Ltd on Thursday said it has signed a non-binding term sheet to sell six hybrid annuity model (HAM) projects to Cube Highways and Infrastructure Pte. Ltd for ₹450 crore.

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YESTERDAY'S HEADLINES

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