GOOD EVENING INDIA

December 11, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Adani Group enters Retail Electricity Distribution Business with Largest Private Network

Adani Group enters Retail Electricity Distribution Business with Largest Private Network

Adani Transmission Ltd (NSE: ADANITRANS), part of the Adani Group, today announced that it has acquired Reliance Infrastructure’s integrated business of Generation, Transmission and Retail Electricity Distribution. The integrated business includes the Power Generation units based at Dahanu

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Grid deviations must be severely penalised: Power Minister R K Singh

Grid deviations must be severely penalised: Power Minister R K Singh

India needs to curb power grid deviations through stringent penalties to ensure safety of the national transmission system, power minister R K Singh said today.

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Existing power pacts between Bhushan Steel, Bhushan Energy under discussion, says Tata Steel

Existing power pacts between Bhushan Steel, Bhushan Energy under discussion, says Tata Steel

Tata Steel said today that the existing power purchase pact between Bhushan Steel, the debt-laden company which it acquired, and Bhushan Energy is in under discussion.

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100 MW Veltoor solar power plant in Telangana gets quality certification

100 MW Veltoor solar power plant in Telangana gets quality certification

The Veltoor Solar Power Project in Telangana, owned by SE Solar Ltd, Suzlon’s Special Purpose Vehicle with CLP India, has been awarded the world's first solar project quality certificate for a photovoltaic plant.

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GDP likely to clock 7.4% growth on pick up in industrial activity, monsoon: RBI

GDP likely to clock 7.4% growth on pick up in industrial activity, monsoon: RBI

The Reserve Bank expects India's economic growth rate to accelerate to 7.4 per cent in the current financial year on pick up in industrial activity and good monsoon.

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FTA misuse by China hitting us: Stainless steel industry

FTA misuse by China hitting us: Stainless steel industry

A surge in imports from China and countries with which India has signed free trade agreements (FTAs) is heaping misery on the domestic stainless steel manufacturers, prompting them to seek more permanent measures to stem inflows.

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Panel meeting to take up key power reforms

Panel meeting to take up key power reforms

The empowered committee headed by cabinet secretary PK Sinha will meet for the first time on Friday to explore ushering in key reforms in the sector plagued with stressed assets.

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NTPC- NETRA optimizes Water Conservation with Installation of Effluent Recycling Treatment Plant at Jhanor – Gandhar

NTPC- NETRA optimizes Water Conservation with Installation of Effluent Recycling Treatment Plant at Jhanor – Gandhar

NTPC, India’s largest power generating company, is fully aligned for conserving water for sustainable ecological balance. NETRA (NTPC Energy Technology Research Alliance) proposed Effluent Recycling Treatment plant

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Goyal Gases emerges highest bidder for Avantha Power unit

Goyal Gases emerges highest bidder for Avantha Power unit

New Delhi-based industrial gases producer Goyal MG Gases Pvt. Ltd has emerged as the highest bidder for Jhabua Power Ltd (JPL), a unit of Gautam Thapar-promoted Avantha Power and Infrastructure,

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Four Ps to power energy access

Four Ps to power energy access

Nowadays, a lot of discussion is centred around economic inequalities—in terms of income and wealth. But societal inequalities go much deeper and encompass aspects that do not even catch the attention of many, simply because they have not faced that deprivation.

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30 stressed power accounts set to go to NCLT as RBI's NPA deadline ends

30 stressed power accounts set to go to NCLT as RBI's NPA deadline ends

Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve Bank of India’s February 12 circular setting a 180-day deadline for resolutio

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Indian renewables sector to see strong growth, favourable policy support: Report

Indian renewables sector to see strong growth, favourable policy support: Report

Renewable sector in India is expected to see strong growth and favourable policy support going forward as traditional fossil fuel power projects are facing growing transition risks, an HSBC report says.

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Electric Cars in India to get a big boost: Free-public charging essential to promote EVs

Electric Cars in India to get a big boost: Free-public charging essential to promote EVs

It would appear that the second phase of the FAME scheme is set for roll-out on September 7 2018. The Faster Adoption and Manufacturing of Hybrid and Electric vehicles or FAME were conceptualized in order to catalyse the transition

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MNRE Asks SECI to Set Upper Ceiling for Solar Tariff at ₹2.50/kWh Without Safeguard Duty

MNRE Asks SECI to Set Upper Ceiling for Solar Tariff at ₹2.50/kWh Without Safeguard Duty

In a significant development, the Ministry of New and Renewable Energy (MNRE) has issued a letter (reviewed by Mercom) directing Solar Energy Corporation of India (SECI) to set the maximum permissible solar tariff at ₹2.50 (~$0.036)/kWh without safeguard duty

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India all set to introduce cap on solar power tariffs

India all set to introduce cap on solar power tariffs

The ministry of new and renewable energy is set to cap India’s solar power tariffs at ₹ 2.5 and ₹ 2.68 per unit for developers using domestic, and imported solar cells and modules, respectively, according to an internal note reviewed by Mint.

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Reliance Infrastructure Ltd to consider transfer of Mumbai power business to Adani Transmission Ltd

Reliance Infrastructure Ltd to consider transfer of Mumbai power business to Adani Transmission Ltd

A meeting of the Board of Directors of Reliance Infrastructure Ltd is scheduled on 29/08/2018, to consider and approve the transfer of Integrated Mumbai Power Business to Adani Transmission Limited.

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India’s crude oil import bill balloons 76% to $10.2 billion in July, adds pressure on trade and fiscal deficit

India’s crude oil import bill balloons 76% to $10.2 billion in July, adds pressure on trade and fiscal deficit

India’s crude oil import bill ballooned 76 per cent to $10.2 billion in July as compared to the corresponding month a year ago, widening trade deficit and adding pressure on the fiscal deficit for the month.

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Government puts restrictions on export of bio-fuels

Government puts restrictions on export of bio-fuels

The government today imposed restrictions on export of bio-fuels within days of putting similar conditions for its imports. A licence is required for both exports and imports of bio-fuels.

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IOC to invest Rs 286 cr to expand LPG bottling output in Northeast India by 2020

IOC to invest Rs 286 cr to expand LPG bottling output in Northeast India by 2020

Public sector undertaking Indian Oil Corporation (IOC) will invest over Rs 286 crore to enhance its LPG bottling capacity, including setting up of two greenfield plants, in North East by 2020.

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India expects clarity on Iran oil cut after U.S. meeting - source

India expects clarity on Iran oil cut after U.S. 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 U.S. officials next week, a senior government official said.

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Diesel prices record all-time high of Rs 69.75 per litre, petrol rises by 13 paise per litre

Diesel prices record all-time high of Rs 69.75 per litre, petrol rises by 13 paise per litre

Diesel prices in Delhi on Wednesday reached to Rs 69.75 per litre, the highest-ever recorded level in the country’s history. Indian Oil Corporation, the country’s largest fuel retailer, increased the diesel and petrol prices in the national capital by 14 paise per litre and 13 paise per litre, respectively.

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Rural LPG delivery to get IT legup

Rural LPG delivery to get IT legup

State oil companies will likely tie up with the IT ministry’s common services centres to tap into their deeper network to easily deliver cooking gas cylinders to rural customers and plug the widening distribution gap due to record addition of new consumers.

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Kerala floods, fluctuation in oil prices might impact tyre cos: Raghupati Singhania

Kerala floods, fluctuation in oil prices might impact tyre cos: Raghupati Singhania

With an investment of Rs 150 crore, the company looks to increase its spend on R&D and boost hiring. JK Tyre MD Raghupati Singhania in an interview to TOI tells us about innovation and what would drive growth at the company. Excerpts:

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Govt to carve out hydrocarbon blocks for OALP-II

Govt to carve out hydrocarbon blocks for OALP-II

Given the tepid response from explorers to auction of hydrocarbon blocks under the second round of the Open Acreage Licensing Policy (OALP), the Directorate General of Hydrocarbon (DGH) has decided to carve out four blocks on its own and put up for bidding.

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New LPG cylinders at reduced rates

New LPG cylinders at reduced rates

Those who lost their gas cylinders in the flood can buy new ones without paying taxes. The decision was taken at a meeting convened by civil supplies secretary Mini P Antony in Ernakulam on Tuesday.

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Oil prices and interest rates raise pressure on India's fiscal and current account

Oil prices and interest rates raise pressure on India's fiscal and current account

Moody's Investors Service says that higher oil prices than in the last two years and rising interest rates are raising pressure on the Government of India's (Baa2 stable) budget and current account, although mitigated by robust GDP growth and other factors.

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Indian Oil waits for approval for raising Rs 20,000 crore via debentures

Indian Oil waits for approval for raising Rs 20,000 crore via debentures

Indian Oil Corp. Ltd, the country’s largest oil marketing company, has sought shareholder approval to raise up to ₹20,000 crore through a private placement of debentures in 2018-19, Mint reported, citing two people aware of the development.

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NHAI eyes quarterly TOT bidding for monetisation, sprucing up road maintenance

NHAI eyes quarterly TOT bidding for monetisation, sprucing up road maintenance

National Highways Authority of India (NHAI) is planning to put highway monetisation programme in the fast lane by bringing new packages every quarter. "We have Toll-Operate-Transfer (TOT) candidates (packages)

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Cabinet apprised of MoU between India and Korea for cooperation on Railways

Cabinet apprised of MoU between India and Korea for cooperation on Railways

The Cabinet was on Wednesday apprised of the Memorandum of Understanding (MoU) on the cooperation between Research Designs and Standards Organisation (RDSO), India and Republic of Korea Railroad Research Institute (KRRI)

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Wow! Indian Railways to help you get exact location of trains on smartphone; check other cool plans

Wow! Indian Railways to help you get exact location of trains on smartphone; check other cool plans

Soon, you will be able to trace the exact location of any train across the country on a smartphone. Indian Railway is currently working on putting a GPS device on every locomotive so that every train can be tracked on mobile phones to inform users of their exact location

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Engineless train to reduce Delhi to Bhopal travel time by three hours

Engineless train to reduce Delhi to Bhopal travel time by three hours

If you take the Shatabdi from Bhopal to Delhi next January, there's a good chance you will be on India's first engineless train. The Bond-style named 'Train 18' will run at 160km per hour,

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Indian Railways rolls out its first “SMART” coach; 100 more to be manufactured – it’s a big leap!

Indian Railways rolls out its first “SMART” coach; 100 more to be manufactured – it’s a big leap!

Piyush Goyal-led Indian Railways has just got its first “SMART” coach! According to the national transporter, the SMART coach has several new features that will go a long way in enhancing the safety and security of train journeys and enhancing passenger comfort.

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NHAI to popularise FASTags: Soon you may buy them at a petrol pump near you

NHAI to popularise FASTags: Soon you may buy them at a petrol pump near you

Betting big on technology for a seamless highway ride, the National Highways Authority of India (NHAI) will soon tie up with oil marketing companies for selling FASTags,

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