GOOD MORNING INDIA

December 11, 2018, Tuesday

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

Indian economy to reach $5 trillion size by 2022: PM Narendra Modi

Indian economy to reach $5 trillion size by 2022: PM Narendra Modi

Prime Minister Narendra Modi said on Thursday the size of Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each.

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Powering up the transmission sector

Powering up the transmission sector

The government’s muddling in sectoral policies to favour public sector undertakings and dissuade competition and investments ultimately results in hurting the larger consumer interest.

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SBI hopes to resolve 7-8 stressed power assets by Nov 11: Chairman

SBI hopes to resolve 7-8 stressed power assets by Nov 11: Chairman

State Bank of India hopes to resolve 7-8 stressed power assets with an exposure of around Rs 17,000 crore during the breather given by the Supreme Court till November 11, SBI Chairman Rajnish Kumar said Thursday

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Coal India subsidiary MCL to double Jharsuguda-Sardega railway line

Coal India subsidiary MCL to double Jharsuguda-Sardega railway line

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has decided to double the 53.1-km Jharsuguda-Sardega rail link to scale up coal handling.

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Mahanadi Coalfields to double Jharsuguda-Sardega line, triple coal handling

Mahanadi Coalfields to double Jharsuguda-Sardega line, triple coal handling

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has decided to double the 53.1 km Jharsuguda-Sardega rail link to scale up coal handling.

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Negative outlook for coal-based thermal power plants: India Ratings

Negative outlook for coal-based thermal power plants: India Ratings

Coal-based thermal power plants are likely to suffer due to the twin issues of lower power demand from distribution companies and coal availability. However, the broad outlook is positive for wind energy, solar power and transmission sectors

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CenturyPly manufacturing units become solar powered

CenturyPly manufacturing units become solar powered

Century Plyboards (India) Ltd has installed rooftop solar panels at its manufacturing units spread across India. The initiative, entailing an investment of Rs 35 crore, is expected to help the company meet around 15 % of its total power requirement

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NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel: NuMetal to Supreme Court

NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel: NuMetal to Supreme Court

Russia's VTB Bank-promoted firm NuMetal has alleged in the Supreme Court that NCLAT "wrongly" applied legal provisions to enable its rival bidder ArcelorMittal to pay the dues of two debt-ridden firms even after it had bid for Essar Steel.

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CCI approves ArcelorMittal's acquisition of Essar Steel

CCI approves ArcelorMittal's acquisition of Essar Steel

The Competition Commission has approved the acquisition of debt-ridden Essar Steel by a consortium of ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corporation. Earlier this month, ArcelorMittal

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India, Russia May Seal Oil Field Deal In Oct’s Annual Summit

India, Russia May Seal Oil Field Deal In Oct’s Annual Summit

India and Russia are expected to conclude a deal during their October 5 annual summit here to increase Delhi’s investments in Russian oil fields. India is eyeing to develop energy ties as a key pillar of the strategic partnership.

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CNG to be costlier on rupee slide, gas price revision in October

CNG to be costlier on rupee slide, gas price revision in October

The rupee's slide continues to play havoc with fuel prices. After pushing petrol and diesel prices to historic highs across the country, a substantially weakened rupee is expected to jack up CNG(compressed natural gas) and PNG (piped natural gas) prices

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Rs 17k cr Gujarat State Petroleum Corporation loss makes PSUs lose Rs 14.7k cr

Rs 17k cr Gujarat State Petroleum Corporation loss makes PSUs lose Rs 14.7k cr

Loss of Gujarat State Petroleum Corporation Ltd (GSPC), which was once projected as a major success, has turned State Public Sector Units (SPSU) net loss-makers during the fiscal 2016-17, said a report of Comptroller and Auditor General (CAG) of India

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LNG buyers turn to tender route for long-term purchases

LNG buyers turn to tender route for long-term purchases

LNG buyers are making the best of a surge in gas supply. Most of the recent sale-purchase agreements (SPAs) with a term of over two years were done through the tender route, Petronet LNG Ltd highlighted in its annual report.

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Petrol, diesel prices storm: Then and now, the differences are shocking

Petrol, diesel prices storm: Then and now, the differences are shocking

It is no mystery that India is highly vulnerable against international crude oil, after all its the third largest oil importer in the world. The country’s dependency on oil imports is about 80% of its total consumption. Currently

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Vedanta Resources to ink deals for 41 oil and gas blocks on October 1

Vedanta Resources to ink deals for 41 oil and gas blocks on October 1

Ending the confusion over signing deals under the Open Acreage Licensing (OALP-I), London Stock Exchange-listed Anil Agarwal-led Vedanta Resources has received shareholder and board approvals for signing contracts for 41 oil and gas blocks on October 1.

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USGC asks India to allow ethanol imports to lower crude oil import bill

USGC asks India to allow ethanol imports to lower crude oil import bill

Allowing imports of ethanol can help lower the country’s crude oil import bill, according to the US Grains Council, a global biofuel promoting organisation. “To reduce the price of petrol and reduce the nation’s energy import bill

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Indian oil refiner part-owned by Iranian company cancels Iran oil imports

Indian oil refiner part-owned by Iranian company cancels Iran oil imports

India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.

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Central Railway plans additional services

Central Railway plans additional services

Central Railway (CR) has planned additional services on the Central and Harbour lines to cater to the rush ahead of Ganapati immersion. There will also be no megablock on any CR line or on Western Railway on Sunday, the immersion day.

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National Board for Wildlife directs Railways to justify Hubbali-Ankola line to Karnataka

National Board for Wildlife directs Railways to justify Hubbali-Ankola line to Karnataka

The National Board for Wildlife (NBWL) has directed Railways to justify the construction of the Hubbali-Ankola railway line in Karnataka through the ecologically fragile Western Ghats and asked it to first get clearance from the state wildlife

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Railways to take action against cattle owners if found affecting train services

Railways to take action against cattle owners if found affecting train services

The North Western Railway has decided to take action against cattle owners if found affecting train services, an official said Thursday. The North Western Railway stands on second place in the country with 86 per cent punctuality

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PAC to examine flexi fare system in Rajdhani, Shatabdi, Duronto

PAC to examine flexi fare system in Rajdhani, Shatabdi, Duronto

The Public Accounts Committee (PAC) of Parliament has decided to examine the flexi fare system for premier trains -- Rajdhani, Shatabdi and Duronto.

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YESTERDAY'S HEADLINES

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