GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

Spot power price at 9-year high, record trading on IEX, but your electricity bill might not go up

Spot power price at 9-year high, record trading on IEX, but your electricity bill might not go up

Power spot prices touched a nine-year high of Rs 15.37 per unit in the day ahead market (DAM) on Indian Energy Exchange (IEX) on Thursday, with a record volume of power traded on the exchange.

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Power tariff again touches nine-year high, jumps to Rs 16.49 at IEX

Power tariff again touches nine-year high, jumps to Rs 16.49 at IEX

Spot power price on Friday touched over nine-year high of Rs 16.49 per unit in the day ahead market (DAM) on Indian Energy Exchange (IEX) for supply on Saturday, mainly on account of higher demand.

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Kalpataru Power bags Rs 1,145 crore orders for transmission projects

Kalpataru Power bags Rs 1,145 crore orders for transmission projects

Kalpataru Power Transmission Ltd (KPTL), Mumbai-based Engineering, Procurement and Construction (EPC) company, today announced it has bagged fresh orders worth Rs 1,145 crore for setting up electricity transmission and railway infrastructure projects.

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Spain-India trade ties to increase 20% yearly over 5 yrs; lot of potential in renewable energy: Baranano

Spain-India trade ties to increase 20% yearly over 5 yrs; lot of potential in renewable energy: Baranano

The Ambassador of Spain to India, Jose R Baranano Friday said he expected his country's bilateral trade with India would increase on an average of 20 per cent every year over the next five years.

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NITI Aayog, UN in India sign Sustainable Development Framework

NITI Aayog, UN in India sign Sustainable Development Framework

The NITI Aayog and the United Nations in India on Friday signed the Sustainable Development Framework for 2018-2022. In a press release, NITI Aayog said the agreement is a reflection of the commitment and efforts made by India towards attaining the Sustainable Development Goals.

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L&T Construction bags orders worth Rs 1,477 crore

L&T Construction bags orders worth Rs 1,477 crore

Larsen & Toubro Friday announced that its construction arm has secured orders worth Rs 1,477 crore. The company has bagged orders worth Rs 1,157 crore from the Public Health Engineering Department, Rajasthan for the execution of drinking water supply

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Solar REC Trading Witnesses Unprecedented Spike in September 2018

Solar REC Trading Witnesses Unprecedented Spike in September 2018

Solar renewable energy certificate (REC) trading witnessed an unprecedented spike in the month of September 2018. A total of 1,558,062 solar RECs were traded in September 2018. This is 1,071,933 more solar RECs than the 486,129 solar RECs traded in August 2018.

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Running on sunshine: solar-powered firsts in India

Running on sunshine: solar-powered firsts in India

With great power comes… pesky electricity bills. But if you are opting to go renewable, especially solar, you are in luck. With start-ups like PuREnergy, 8minutenergy, and Oorjan bringing you rooftop solutions for both the home and commercial establishments,

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Insufficient coal stock, low hydro, wind output led to high power tariff at IEX: Power Secy

Insufficient coal stock, low hydro, wind output led to high power tariff at IEX: Power Secy

Insufficient coal reserves at power plants and sudden decline in wind and hydro electricity generation led to spike in power tariff to Rs 15.37 per unit at Indian Energy Exchange (IEX), Power Secretary A K Bhalla said Friday.

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NHPC gets shareholders' nod to raise Rs 3,300 cr via bonds

NHPC gets shareholders' nod to raise Rs 3,300 cr via bonds

State-owned hydro power giant NHPC has received shareholders' approval to raise Rs 3,300 crore through issuance of bonds in its annual general meeting held on Friday.

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How high dividend yield can be a trap

How high dividend yield can be a trap

Dividend yields north of 6 per cent for state-owned power financiers Rural Electrification Corp. (REC) and Power Finance Corp (PFC) drew investors over the past one year. But after the recent bout of broader market corrections,

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Coal India Continues Push Towards Processing Boost, To Commission 18 New Washeries By 2020

Coal India Continues Push Towards Processing Boost, To Commission 18 New Washeries By 2020

It has been reported that state-run coal major Coal India Limited (CIL) plans to commission a total of 18 new washeries by 2020 with nine of these washeries dedicated for processing coking coal and the remaining handling non-coking coal.

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Numetal says will match Arcelor bid if latter held eligible

Numetal says will match Arcelor bid if latter held eligible

Numetal told the Supreme Court on Thursday that it would match any offer made by ArcelorMittal should it be held eligible to bid for ailing Essar Steel in the resolution proceedings pending in the NCLT

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BSES festival offer of 'Tatkal' power connections in Delhi

BSES festival offer of 'Tatkal' power connections in Delhi

To cater to the demands of the upcoming festival season without adding to Delhi's high pollution levels, two power distribution companies (discoms) in the national capital -- BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd

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Dharmendra Pradhan to launch SATAT initiative to promote Compressed Bio-Gas as an alternative, green transport fuel

Dharmendra Pradhan to launch SATAT initiative to promote Compressed Bio-Gas as an alternative, green transport fuel

Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, Dharmendra Pradhan will kick off an innovative initiative in New Delhi on 1st October, 2018, with PSU Oil Marketing Companies (OMCs ,i.e. IOC, BPCL and HPCL)

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India raises natural gas price for Oct-March by nearly 10 pct to $3.36/mmBtu

India raises natural gas price for Oct-March by nearly 10 pct to $3.36/mmBtu

India has raised the price of its locally produced gas by nearly 10 percent to $3.36 per million metric British thermal units (mmBtu) for the October-March period, compared with the previous six months, a government website showed on Friday.

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Indian oil companies to invite interest for setting up bio-CNG projects

Indian oil companies to invite interest for setting up bio-CNG projects

Indian oil marketing companies will float an Expression of Interest (EoI) next week to invite from potential investors for setting up compressed bio-gas (CBG) production plants. The event will be marked with oil minister Dharmendra Pradhan launching the SATAT initiative.

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Dharmendra Pradhan in Nepal to discuss pipeline projects

Dharmendra Pradhan in Nepal to discuss pipeline projects

India's Petroleum and Natural Gas Minister Dharmendra Pradhan is in Nepal to hold talks on the modality of construction of a petroleum pipeline from Amlekhgunj to Chitwan and the import of petrol and gas to the land-locked Himalayan nation.

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How the world's oil refiners plan to grapple with their fuel oil output after 2020

How the world's oil refiners plan to grapple with their fuel oil output after 2020

High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner's output, will still flow from refineries around the world even after new rules start up in 2020 curtailing its use in the global shipping fleet, a Reuters survey showed.

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Asia's troubled emerging markets to shave oil demand next year

Asia's troubled emerging markets to shave oil demand next year

Asia’s emerging markets, the key driver for global oil demand growth, are being hit hard by soaring crude prices and sliding currencies, raising red flags over expectations of further increases in consumption.

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OMCs stare at a crude problem, but ONGC, GAIL & Vedanta can cash in

OMCs stare at a crude problem, but ONGC, GAIL & Vedanta can cash in

As Brent crude crosses the $80/bbl mark, India is staring at a crude problem. Rising prices of crude oil will likely weigh on oil marketing companies such as IOC, BPCL and HPCL, especially in the backdrop of elections, analysts at CLSA have said in a report.

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GAIL, GSPL Shares Jump On Pipeline Tariff Hike

GAIL, GSPL Shares Jump On Pipeline Tariff Hike

Shares of GAIL (India) Ltd. and Gujarat State Petronet Ltd. jumped after the regulator Petroleum & Natural Gas Regulatory Board increased tariffs for some pipelines The tariffs were hiked in the range of 27 percent to 691 percent

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Petrol, diesel continue to touch a new height

Petrol, diesel continue to touch a new height

Citizens are yet to receive any respite from fuel prices, as the rates of petrol and diesel have once again witnessed a hike in the country on Friday. In New Delhi, petrol is being retailed at Rs 83.22 (increased by Rs 0. 22) per litre

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LPG & electricity still a dream for many Chhattisgarh villagers

LPG & electricity still a dream for many Chhattisgarh villagers

Chhattisgarh has been adjudged by the rural development ministry to be the best performing state under Gram Swaraj Abhiyan (GSA). Yet, many intended beneficiaries in the state continue to wait for electricity connections

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Hope to provide free WiFi at all 6,000 stations in next 120 days: Piyush Goyal

Hope to provide free WiFi at all 6,000 stations in next 120 days: Piyush Goyal

All 6000 stations in the railway network will have free WiFi connections in the next 120 days if collaborations with private players like Google are successful, Railway Minister Piyush Goyal said on Friday.

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Metro Devo Bhava! Ameerpet-LB Nagar Line In Hyderabad Sees Record 69,000 Passengers On Day Two

Metro Devo Bhava! Ameerpet-LB Nagar Line In Hyderabad Sees Record 69,000 Passengers On Day Two

Hyderabad Metro Rail Limited (HMRL) recently inaugurated its Ameerpet-LB Nagar stretch. Just on day two, the number of riders touched 69,000. The number of commuters using Corridor-1 has bounced from 45,000 to 1,14,000 after the

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Delhi Metro Pink Line: Why Delhiites will have to wait a bit longer for the Shiv Vihar-Trilokpuri section

Delhi Metro Pink Line: Why Delhiites will have to wait a bit longer for the Shiv Vihar-Trilokpuri section

Delhi Metro Pink Line: The wait is not over for all those who were eagerly waiting for the Delhi Metro Pink Line’s Shiv Vihar-Trilokpuri corridor to open. Since the trial runs on this corridor have not been completed

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Indian Railway unit IRCON sees weak listing; offered at 14% discount from IPO issue price

Indian Railway unit IRCON sees weak listing; offered at 14% discount from IPO issue price

The Indian Railways' arm IRCON International made its market debut at a discount of 13.62% to Rs 410.30 per piece compared to the IPO issue price of Rs 475 per piece. The discount listing was on the back of weak market sentiments since past two weeks.

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NHAI Chairman, Eight Others Face Murder Charge For Death Of 18 Persons On Palakkad-Thrissur National Highway

NHAI Chairman, Eight Others Face Murder Charge For Death Of 18 Persons On Palakkad-Thrissur National Highway

A Thrissur district police station - Peechi - in Kerala has filed a case of murder against National Highway of India (NHAI) Chairman Yadvir Singh Malik and eight others for the death of 18 persons on the Palakkad-Thrissur section of National Highway 544 in the last one year.

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For sake of industry, job creation, Nitin Gadkari says expecting support for road projects from banks

For sake of industry, job creation, Nitin Gadkari says expecting support for road projects from banks

If funding to the road developers slows down further, the Union government is likely to bid out more projects through engineering, procurement and construction (EPC) route instead of the hybrid annuity model that is being used at present.

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Mumbai Suburban Rail Goes Women-Friendly: Reserved Coaches Now Easier To Spot, Decorated Pleasantly

Mumbai Suburban Rail Goes Women-Friendly: Reserved Coaches Now Easier To Spot, Decorated Pleasantly

To attract more women passengers and make their journey comfortable, the Western Railway (WR) has painted the interiors of two coaches reserved for women of the suburban trains with eye-catching scenic views, reports Hindustan Times.

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Railways extends discounts on train tickets booked through UPI/BHIM

Railways extends discounts on train tickets booked through UPI/BHIM

To promote digital payments, the railways have extended the discount scheme on booking train tickets through Unified Payments Interface (UPI)/Bharat Interface for Money (BHIM) at railway counters. UPI/BHIM is accepted as one payment option while booking

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