GOOD MORNING INDIA

December 14, 2018, Friday

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

RBI on board in empower panel meeting on stressed power assets: minister

RBI on board in empower panel meeting on stressed power assets: minister

The Reserve Bank has been invited to attend the meeting of the empowered committee for resolution of stressed power assets to be held on August 31, Union minister R K Singh said today.

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23 mn homes in villages still without power, 17% don't have drinking water

23 mn homes in villages still without power, 17% don't have drinking water

Up to 23 million households (in over 292,000 villages) without electricity; 7% (43,000) villages without mobile services; 17% rural habitations without clean drinking water; 25% of 14- to 18-year-olds (nearly 88 million) in rural areas

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US envoy praises Haryana govt over pollution control

US envoy praises Haryana govt over pollution control

The US has lauded the Haryana governmentfor its efforts to tackle air pollution caused by vehicular traffic and stubble burning especially areas under the National Capital Region (NCR) and has offered all technological expertise to effectively deal with this problem.

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India rooftop solar power tariff drop to record lows

India rooftop solar power tariff drop to record lows

Developers bid record low prices to sell power from solar projects to be built on rooftops of government and private buildings in auctions conducted by the Madhya Pradesh.

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First stressed power asset resolved; Jaypee Bara goes to Resurgent Power

First stressed power asset resolved; Jaypee Bara goes to Resurgent Power

Financially hard-pressed Jaiprakash Associates’ 1,980 MW Bara (Prayagraj) power project became the first stressed power project to find a buyer. Resurgent Power – a joint venture company of Tata Power with ICICI Ventures received Letter of Intent (LoI)

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At Rs 1.58 Per Unit, Madhya Pradesh Records India’s Lowest Ever Rate For Solar Rooftop Power

At Rs 1.58 Per Unit, Madhya Pradesh Records India’s Lowest Ever Rate For Solar Rooftop Power

An ongoing tender for solar rooftop power has seen tariffs plunge to record lows with the Power Grid Corporation in Madhya Pradesh expected to purchase power at Rs 1.58 a kilowatt per hour (unit).

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Tata Power Solar Installs Rooftop Solar at Mumbai’s Cricket Club of India

Tata Power Solar Installs Rooftop Solar at Mumbai’s Cricket Club of India

Tata Power Solar, a wholly-owned subsidiary of Tata Power, has commissioned 820.8kWp solar rooftop at Cricket Club of India (CCI), located in Mumbai. This is the world’s largest rooftop installation atop a cricket stadium, the company stated in its announcement.

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Facebook to Power 100% of Its Operations from Renewable Energy by 2020

Facebook to Power 100% of Its Operations from Renewable Energy by 2020

Facebook will power all its facilities, including office and data centres, with 100 percent clean and renewable energy by 2020, said the company in a blogpost. It had earlier set the goal of reaching 50 percent clean and renewable energy use for powering its operations by 2017

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RInfra completes Rs 18,800 crore Mumbai power business sale to Adani Transmission

RInfra completes Rs 18,800 crore Mumbai power business sale to Adani Transmission

Reliance Infrastructure (RInfra) today said it has completed the Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission, which will help it pare debt by two-thirds to Rs 7,500 crore.

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Indian Oil Corporation earmarks Rs 22,000-crore capex for FY19

Indian Oil Corporation earmarks Rs 22,000-crore capex for FY19

Indian Oil Corporation (IOC) today said it has lined up Rs 22,000-crore capex plan for the current fiscal year and will commission the Ennore-Manali LNG pipeline on schedule by the end of the year.

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Gulf Oil Lubricants India Ltd - Shareholder Meeting On September 24, 2018

Gulf Oil Lubricants India Ltd - Shareholder Meeting On September 24, 2018

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Notice of Tenth Annual General Meeting (AGM) of the Company scheduled to be held on Monday

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IOC eyes 52,000 fuel retail outlets in 3 years

IOC eyes 52,000 fuel retail outlets in 3 years

State run-Indian Oil Corporation aims to almost double its fuel retail network to 52,000 outlets over the next 3 years from 27,000 now. IOC, India's largest fuel retailer, accounts for 44% of the market despite the entry of private sector in the segment.

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Boiling crude: Subsidy sharing could spoil the party for ONGC, Oil India

Boiling crude: Subsidy sharing could spoil the party for ONGC, Oil India

Owing to numerous geopolitical factors, crude prices went up steadily during the June quarter, and remained steady between $70 and $79 per barrel. This uptick favoured upstream oil companies, whose realisations improved as a result.

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Petrol, Diesel Hover Near Record Highs; Government Hopes It Is Temporary

Petrol, Diesel Hover Near Record Highs; Government Hopes It Is Temporary

With petrol and diesel prices going up by almost a rupee per litre within a fortnight, the government today hoped that the rally in global rates is temporary and will decline soon. Petrol price was today hiked by 13 paisa a litre and diesel by 14 paisa.

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IOC to double retail outlets

IOC to double retail outlets

State-owned Indian Oil Corporation Limited (IOCL), India’s largest fuel retailer is planning to almost double its retail outlets to more than 52,000 in the next three years, from 27,000 now to maintain its market leadership in fuel retail.

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India expects clarity on Iran oil cut after US meeting: Source

India expects clarity on Iran oil cut after US meeting: Source

India will not completely halt Iranian oil imports and will finalise its strategy on crude purchases from Tehran after a meeting with top US officials next week, a senior government official said.

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Supply risks building, crude oil has potential to hit $80 a barrel

Supply risks building, crude oil has potential to hit $80 a barrel

Oil prices gained more than 1 per cent, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China's appetite for US crude.

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Ready with Plan B if US sanctions stop Iran crude supplies: Indian Oil chief

Ready with Plan B if US sanctions stop Iran crude supplies: Indian Oil chief

India’s biggest state-run oil refiner Indian Oil said on Wednesday it has lined up alternative crude supplies if it is to cut down purchases from Iran after November 4, when the new sanctions imposed by the US take effect.

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NHAI warned against violation of HC ruling

NHAI warned against violation of HC ruling

A Madras high court bench has directed the Centre and NHAI to issue a circular to create separate lanes for VIPs, including judges, at toll plazas. The court said that toll collectors should ensure that no vehicle other than those of VIPs

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Indian railways Freight corridor undergoes first trial run

Indian railways Freight corridor undergoes first trial run

Indian railways Dedicated Freight Corridor (DFC) train successfully underwent its first trial run. The train will be hauled by a diesel locomotive, though both the Eastern and Western DFCs are expected to be fully electrified.

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Western Railway plans to build a new outstation train terminus at Vasai

In order to reduce the load of outstation trains handled by the Bandra and Mumbai Central terminuses, the western railway (WR) has planned a new terminus at Vasai Road.

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Govt gets Rs 9,682 cr from Macquarie for managing 9 toll plazas of NHAI from today

Govt gets Rs 9,682 cr from Macquarie for managing 9 toll plazas of NHAI from today

Global financial conglomerate Macquarie group's infrastructure funding arm today made an upfront payment of Rs 9,681.50 crore to the government to operate nine stretches of NHAI under a new toll collection policy.

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Transport Chief Moots Prepaid Autos Outside Airports

Transport Chief Moots Prepaid Autos Outside Airports

There is an urgent need for prepaid auto-rickshaw stands at the domestic and T2 international airports to keep rogue drivers at bay, state transport commissioner Shekhar Channe said after meeting auto union leaders at his office on Wednesday.

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Size of opportunity that TOT offers dwarfs everything else: Macquaire India

Size of opportunity that TOT offers dwarfs everything else: Macquaire India

The company entered the Indian infrastructure space in 2013. What has the experience been like for Macquaire? It has been a fairly good journey and that is the reason we have continued to invest more into the sector. While TOT 

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