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October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

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Private investments in infra plunge to a decade low of 25% in FY18: Report

Private investments in infra plunge to a decade low of 25% in FY18: Report

The share of private investments in the infrastructure sector has fallen to a decade low of around 25 per cent in FY18 steeply down from a high of 37 per cent in FY08, says a report.

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MCL to produce record 100 MT coal from Talcher coal mine

MCL to produce record 100 MT coal from Talcher coal mine

Mahanadi Coalfields Limited (MCL) a subsidiary of Coal India has targeted to produce a record 100 million tonne of coal from Talcher coal mine during the current financial year.

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India must add 25 Gw renewable energy every year till 2030: Sumant Sinha

India must add 25 Gw renewable energy every year till 2030: Sumant Sinha

India should add 25 Gw renewable power capacity every year till 2030 in order to achieve its green energy targets, ReNew Power Chairman and CEO Sumant Sinha said today.

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Memorandum of Agreement between NTPC and IRCTC for packaged drinking water

Memorandum of Agreement between NTPC and IRCTC for packaged drinking water

A Memorandum of Agreement (MoA) has been executed between NTPC Ltd. and IRCTC Ltd. today for setting up manufacturing facility for packaged drinking water (Rail Neer) by IRCTC at NTPC Simhadri

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Badarpur thermal plant,Delhi’s biggest power generator, to shut down from October 15

Badarpur thermal plant,Delhi’s biggest power generator, to shut down from October 15

It is the last 10 days of operation for the Badarpur Thermal Power Station (BTPS), the national capital’s biggest power generator for over 45 years and the contributor of 11% of the deadly ultrafine particulate matter (PM2.5) in the city’s air.

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India, Russia ink action plan to set up 6 more nuclear reactors in India

India, Russia ink action plan to set up 6 more nuclear reactors in India

India and Russia on Friday signed a document for cooperation on a new nuclear power project in India with the latest VVER-1200 type reactors powered by advanced fuel.

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Russia Ready to Consider Joint Work With India in Energy Projects – Putin

Russia Ready to Consider Joint Work With India in Energy Projects – Putin

Russia is ready to consider cooperation with India in a number of energy projects, including Far East LNG and Arctic LNG 2, as well as projects on natural resources development in Russia's Siberia, Yamal and continental shelf, Russian President Putin said on Friday.

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Azure Power closes financing for 100MW solar power plant in India

Azure Power closes financing for 100MW solar power plant in India

India-based independent solar power producer Azure Power has closed a financing deal of Rs4bn ($58m) for its 100MW solar power plant in the Indian state of Karnataka. Azure Power secured the solar project through auction

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Spot power markets trades highest volume in September

Spot power markets trades highest volume in September

Spot power market traded the highest ever monthly volume of 5,829 million units in September this year, 44 per cent higher than corresponding period last year. The key reasons for increase in volume as well as prices

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MPUVN rooftop solar gets lowest ever tariff of Rs 1.38 per unit

MPUVN rooftop solar gets lowest ever tariff of Rs 1.38 per unit

Madhya Pradesh Urja Vikas Nigam (MPUVN) Friday announced that it has achieved historic low tariff of Rs 1.38 per unit for central government buildings in its RESCO II rooftop solar tender, an official statement said.

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Himachal offering land at Re 1/sq.m for renewable projects: CM

Himachal offering land at Re 1/sq.m for renewable projects: CM

Himachal Pradesh is offering land at a rate of Re 1 per square metre to woo investors to set up renewable energy projects in the state, Chief Minister Jai Ram Thakur said on Thursday.

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High demand pushes cost of power to hit a new high on exchange

High demand pushes cost of power to hit a new high on exchange

The cost of power hit a new high of Rs 18.2 per unit in the electricity exchange on Thursday due to increased demand from discoms including Tangedco. Facing shortage of coal supply for power generation,

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Fuel price hike, green energy focus offer biz prospects: Schneider Electric

Fuel price hike, green energy focus offer biz prospects: Schneider Electric

Global energy management and automation specialist Schneider Electric said on Friday that the spiking fuel prices in India coupled with the rising focus on green energy offered it business opportunities.

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Centre's move on fuel prices to impact profitability of oil marketing firms: Fitch

Centre's move on fuel prices to impact profitability of oil marketing firms: Fitch

The government directive to state-owned fuel retailers to subsidise petrol and diesel will have a negative impact on their profitability and credit metrics, Fitch Ratings said Friday.

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Nitish Kumar hints at reducing taxes on petroleum products

Nitish Kumar hints at reducing taxes on petroleum products

Bihar Chief Minister Nitish Kumar Friday said that the state was looking forward to reducing taxes on petroleum products, following the Centre's decision to slash excise duty on the same a day earlier.

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Russian oil firm Rosneft slams Indian taxation system, calls it hurdle

Russian oil firm Rosneft slams Indian taxation system, calls it hurdle

Russian oil firm Rosneft, the biggest foreign investor in India’s energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans.

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Petrol, diesel prices fall across the country on friday, OMCs' shares tank

Petrol, diesel prices fall across the country on friday, OMCs' shares tank

Petrol, diesel prices fell across the country on Friday with the government announcing a Rs 2.50 cut in the prices of both the fuels. Fuel prices in 12 states fell by Rs 5 per litre as the state governments agreed to cut a further Rs 2.50 per litre by reducing value-added tax

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ONGC on hotbed, touches new low on clarification over OALP-1 contracts; share down 15%, all details here

ONGC on hotbed, touches new low on clarification over OALP-1 contracts; share down 15%, all details here

As usual, the Dalal Street continued for another bloodbath, as the benchmark Sensex and Nifty indexes traded on negative today ahead of RBI's bi-monthly monetary policy. Interestingly, it was the oil and gas sector

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US oil exports fall as India turns to Iran ahead of sanctions

US oil exports fall as India turns to Iran ahead of sanctions

Indian buyers reduced US crude purchases and loaded up on Iranian oil ahead of the restart of US sanctions next month and as the WTI-Brent differential narrowed, according to traders and shipping intelligence firm Kpler.

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Rising use of plastics to drive oil demand to 2050: International Energy Agency

Rising use of plastics to drive oil demand to 2050: International Energy Agency

Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday.

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Goldman, Citigroup cut India oil refiners on fuel price subsidy

Goldman, Citigroup cut India oil refiners on fuel price subsidy

Goldman Sachs Group Inc. and Citigroup Global Markets Inc. downgraded the stocks of India’s state-run fuel retailers after the government on Thursday asked them to subsidize retail fuel prices.

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Essar Begins CBM Gas Supply to GAIL

Essar Begins CBM Gas Supply to GAIL

Ruia family-owned Essar Group has started supply of gas produced from coal seams to state-owned GAIL India.
In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) "commenced supply of CBM gas

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IOC, BPCL & HPCL likely to take Rs 4,500-crore hit in FY19

IOC, BPCL & HPCL likely to take Rs 4,500-crore hit in FY19

Indian Oil, Bharat Petroleum and Hindustan Petroleum will together lose Rs 4,500 crore in 2018-19 because the government has asked them to subsidise fuel, making investors and company executives nervous as the reversal of the bold reform

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A bump in the road for private fuel retailers

A bump in the road for private fuel retailers

Price controls on transport fuels are likely to hurt the expansion of private petrol pump chains of Rosneft-led Nayara Energy, Shell Plc and Reliance Industries amid concerns that rising global crude prices and approaching elections

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Indian Railways to spend Rs 300 crore for constructing new toilets and renovating existing ones

Indian Railways to spend Rs 300 crore for constructing new toilets and renovating existing ones

Indian Railways has allocated Rs 300 crore to renovate existing toilets and construction of new toilets as part of its contribution to the Swachch Bharat campaign, a ministry statement said Friday.

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Rs 2.5 cr linen stolen from WR trains last fiscal: Official

Rs 2.5 cr linen stolen from WR trains last fiscal: Official

Linen and other items worth Rs 2.5 crore were stolen by passengers in trains run by the Western Railway in the last fiscal, an official said Thursday. The revelation comes after a passenger was nabbed for allegedly stealing blankets

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Infrastructure companies need to work on innovative instrument to attract global funds, says Suresh Prabhu

Infrastructure companies need to work on innovative instrument to attract global funds, says Suresh Prabhu

Stating that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu Friday said there is a need to work on innovative instrument and structure to attract global money for investment in infrastructure sector.

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Indian Railways giving religious, swanky makeover to these coaches: Check out majestic images

Indian Railways giving religious, swanky makeover to these coaches: Check out majestic images

Indian Railways, in its endeavor to serve the pilgrims visiting Kumbg Mela 2019, has been giving a makeover to Prayagraj Express AC-1 COACHES. North Central Railway is refurbishing the coaches of prestigious trains

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Dilip Buildcon receives orders worth Rs 476.02 cr for Bhopal, Indore Metro Rail project

Highways builder Dilip Buildcon (DBL) Friday said it has won orders worth Rs 476.02 crore for Bhopal and Indore Metro Rail project. "DBL has received letter of acceptance (LoA) for Bhopal and Indore Metro Rail project, phase-I, valued at Rs 247.06 crore and Rs 228.96 crore,

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Technology only input to impact future of Indian railways: Piyush Goyal

Technology only input to impact future of Indian railways: Piyush Goyal

Underling the importance of evolving with technology, Union Railway Minister Piyush Goyal said that technology is the only input which can significantly impact the future of railways.

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Indian Railways Modernisation Efforts In Vain As Passengers Steal Assets Worth Crores From Trains And Stations

Indian Railways Modernisation Efforts In Vain As Passengers Steal Assets Worth Crores From Trains And Stations

Amidst its efforts of modernisation, Indian Railways is grappling with challenges in maintaining its infrastructure, Financial Express reported. The Mumbai Mirror has reported that several items were stolen from long-distance trains including

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Russian Railways Plans to Create Joint Rail Freight Operator With India

Russian Railways Plans to Create Joint Rail Freight Operator With India

Russian Railways and India plan to create a joint rail freight operator for boosting traffic of goods from India to Europe through Russia, the Russian company's First Deputy CEO, Alexander Misharin, said on Friday.

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