GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

Reliance Power Wins International Arbitration Award In Singapore

Reliance Power Wins International Arbitration Award In Singapore

Reliance Power Netherlands BV, a wholly owned subsidiary of Reliance Power Limited has won an international arbitration award of ~ USD 56Million (~ Rs 390 Crore) against Prestige Capital Holdings Ltd (a Seychelles based Company) and Mr Kokos Jiang (collectively the “Respondents”).

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Cygni Energy raises USD 6.4 Mn to power growth, expansion

Cygni Energy raises USD 6.4 Mn to power growth, expansion

Cygni Energy, an innovative Solar-DC solutions startup, has announced raising funds worth USD 6.4 million through a combination of equity and debt.

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Lenders gear up to finalise resolution plans for power companies

Lenders gear up to finalise resolution plans for power companies

Top lending institutions, including the country’s largest lender State Bank of India, will hold their board meetings on Thursday and Friday to take approval for resolution plans for a few stressed power projects and to update boards on other such cases, industry insiders said.

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Coal India to levy interest for delay in payments beyond 15 days

Coal India to levy interest for delay in payments beyond 15 days

Coal India (CIL) will strictly implement its credit policy and levy penal interest on payment delayed beyond 15 days, and stop supply if money is not paid in a month as the company wants to bring down receivables that touched Rs 12,500 crore in April.

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Coal shortage shuts 8,580 MW generation capacity

Coal shortage shuts 8,580 MW generation capacity

As much as 8,580 MW of coal-based power generation capacity is under outage due to shortage of fuel across the country. According to the latest report of the Central Electricity Authority’s (CEA) operation performance monitoring division, 1,740 MW capacity was offline in West Bengal

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Reliance Industries' m-cap hits Rs 8 trillion-mark, shares up 2%

Reliance Industries' m-cap hits Rs 8 trillion-mark, shares up 2%

The market valuation of Reliance Industries Ltd (RIL) on Thursday breached the Rs 8 lakh crore mark on the BSE index. RIL shares rose to a 52-week high (up over 2 per cent) of Rs 1273.55 after the oil-to-telecom

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Power sector NPAs call for unique fix

Power sector NPAs call for unique fix

Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs 10.3 lakh crore, involve some 34 stressed power projects, totalling 39 GW in generation capacity.

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Tatas, JSW in race to buy Prayagraj Power

Tatas, JSW in race to buy Prayagraj Power

Tata Power and JSWEnergy are battling to acquire a 1,980MW, coal-fired electricity-generating unit in north India as the two look to ramp up their capacities.

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Buoyed by Expansive Solar Portfolio, Adani Green’s Revenue Up by 148 percent in Q1 FY19

Buoyed by Expansive Solar Portfolio, Adani Green’s Revenue Up by 148 percent in Q1 FY19

Adani Green Energy Limited, a leading renewable energy project developer in the country, has announced its consolidated results for the first quarter for FY 2019, ending June 30, 2018.

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PTC India looking to exit wind power business

PTC India looking to exit wind power business

The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this, said two people aware of the development. This comes against the backdrop of India’s renewable energy tariffs hitting a record low.

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Govt imposes standard environment clearance conditions for 25 sectors

Govt imposes standard environment clearance conditions for 25 sectors

The government has imposed standard conditions for as many as 25 sectors like steel, coal and oil, seeking environment clearance (EC) for expansion of existing projects or new projects.

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Petrol, diesel price on 23rd August 2018: Check out rates in metro cities

Petrol, diesel price on 23rd August 2018: Check out rates in metro cities

Petrol and Diesel prices were unchanged for the second consecutive in four metro cities, applicable from 6:00 a.m. on 23rd August 2018. On Tuesday, petrol prices were hiked by 9 paise in Delhi, Kolkata, Mumbai and Chennai.

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GAIL India & Indraprastha Gas: Mixed Q1 performance, sector positioned for growth

GAIL India & Indraprastha Gas: Mixed Q1 performance, sector positioned for growth

Strong volume growth led to a decent showing by Indraprastha Gas (IGL) and GAIL India (GAIL) during Q1 FY19. While both companies reported strong volume and topline growth, IGL saw slight margin pressure with changing product mix.

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No impact on output at BPCL Kochi refinery

No impact on output at BPCL Kochi refinery

BPCL’s Kochi refinery suffered as crude supply was delayed due to the floods in the state but it ensured output would not be disrupted going ahead as it had 8-10 days of crude oil inventory available, refinery’s executive director Prasad K Panicker told ET.

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How the Oil Crisis Gave Norway's Giant Field a $10 Billion Boost

How the Oil Crisis Gave Norway's Giant Field a $10 Billion Boost

Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing.

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Mahanagar Gas slips over 5% post block deals

Mahanagar Gas slips over 5% post block deals

Mahanagar Gas took a tumble by over 5 per cent early today after two block deals. A good 14 per cent shares, which translates into 13.90 million, changed hands.

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Saudi said to shelve Aramco listing plan, oil giant disbands advisors

Saudi said to shelve Aramco listing plan, oil giant disbands advisors

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.

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Train 18 to be rolled out for testing in September

Train 18 to be rolled out for testing in September

The Indian Railways will start the testing of the much awaited indigenously built semi-high speed "Train 18" from September, official sources said. According to Railway Ministry sources, "Train 18" is expected to be rolled out in September.

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MMRDA seeks around Rs 3,400 cr from Centre for six Metro projects in Mumbai

MMRDA seeks around Rs 3,400 cr from Centre for six Metro projects in Mumbai

The Mumbai Metropolitan Region Development Authority (MMRDA) has sought around Rs 3,400-crore assistance from the Centre for funding the construction of six Metro corridors in the city, of which civil construction on four Metro corridors is currently ongoing.

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Delhi Metro: Services briefly affected on Blue Line, Red Line due to technical snag

Delhi Metro: Services briefly affected on Blue Line, Red Line due to technical snag

Services were briefly affected this morning on two corridors of the Delhi Metro, including the Red Line on which a train had to be removed from service after it faced technical issues, an official said.

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Rail ancillary park being set up to supply Raebareli's coach factory

Rail ancillary park being set up to supply Raebareli's coach factory

A rail ancillary park will soon come up in this Uttar Pradesh town at an estimated cost of Rs 1,300 crore to cater to the growing needs of the rail industry, especially the Modern Coach Factory (MCF) here.

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NMRC is highly focus on beautification of Aqua line metro station

NMRC is highly focus on beautification of Aqua line metro station

The Noida-Greater Noida Metro (Aqua Line) is finally scheduled to be opened for public by October. This link which will connect Noida sector 71 to Delta-1 Metro in Greater Noida.

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Indian Railways Train-18 to retire Shatabdi; This special engine-less train can run at 160 kmph

Indian Railways Train-18 to retire Shatabdi; This special engine-less train can run at 160 kmph

The much-awaited and first of its kind for Indian Railways, Train 18 is expected to undergo trials in September. The Train-18 is semi-high speed self-propelled trains like Metro trains and can run at a speed of 160 kmph.

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