GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Whopping Rs 1 lakh crore NPA resolution of stressed power projects possible; banks’ haircut to be this much

Whopping Rs 1 lakh crore NPA resolution of stressed power projects possible; banks’ haircut to be this much

A successful resolution of non-performing assets worth Rs 1 lakh crore in coal-based power projects is possible with a 40%-60% haircut, a report has said. India’s coal-based power projects are staring at least Rs 3.8 lakh crore worth of NPAs.

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Coal India Partners with Neyveli Lignite Corporation to Develop 3,000 MW of Solar Projects

Coal India Partners with Neyveli Lignite Corporation to Develop 3,000 MW of Solar Projects

Coal India Limited (CIL) and Neyveli Lignite Corporation India Limited (NLCIL) have signed a Memorandum of Understanding (MoU) to form a joint venture (JV) company for solar power 

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Bharat Forge, NTPC joint venture initiates liquidation under IBC

Bharat Forge, NTPC joint venture initiates liquidation under IBC

State-run NTPC on Wednesday said its joint venture (JV) with Bharat Forge has initiated a voluntary liquidation process under the Insolvency and Bankruptcy Code (IBC).

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India’s renewable energy capacity to reach 140 GW by 2023: CRISIL

India’s renewable energy capacity to reach 140 GW by 2023: CRISIL

India’s renewable energy generation capacity is expected to reach 140 Gigawatt (GW) by 2022-23 and solar power would account for around a half of this followed by wind energy with 40 per cent, research and ratings agency CRISIL said in a report.

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Essar Power commissions second unit of Mahan power plant in Madhya Pradesh

Essar Power commissions second unit of Mahan power plant in Madhya Pradesh

Essar Power, a wholly-owned subsidiary of the Ruia-owned Essar Group, today announced it has commissioned the second 600 megawatt (Mw) unit of the Mahan power plant in Madhya Pradesh, completing overall Rs 8,000 crore 

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Logistics woes drive Essar, JSW, Aditya Birla group, others to buy iron ore overseas

Logistics woes drive Essar, JSW, Aditya Birla group, others to buy iron ore overseas

Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines, and demand for the metal surges in response to the government’s ambitious plans to build 

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12th Edition of Renewable Energy India Expo Reiterates Renewed Focus on Clean Energy Sector

12th Edition of Renewable Energy India Expo Reiterates Renewed Focus on Clean Energy Sector

Keen Global and Local Participation, Foreign Investments & Technology Breakthroughs Marked the Show UBM India successfully concluded the 12th edition of Renewable Energy India (REI) Exp

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‘ReNew power to quote tariffs sustainable in the long run’: ReNew Chief

‘ReNew power to quote tariffs sustainable in the long run’: ReNew Chief

Renewable energy companies with a strong portfolio are becoming prudent about adding capacity through auctions because of various factors such as currency fluctuation, interest rates and the infrastructure needed to transmit electricity

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Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA (Earnings Before Interest,

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Maharashtra reels under 9 hour power cut as heat ups demand

Maharashtra reels under 9 hour power cut as heat ups demand

The energy department has imposed load shedding of at least nine hours in the state in view of soaring temperatures in the aftermath of monsoon's retreat. A senior official from Maharashtra State Electricity Distribution Company Ltd (MSEDCL)

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Chennai Petroleum shuts crude unit at Manali refinery for 30 days

Chennai Petroleum shuts crude unit at Manali refinery for 30 days

India’s Chennai Petroleum Corp Ltd has shut a 74,000 barrel per day (bpd) crude unit at its 210,000 bpd Manali refinery in Tamil Nadu from Oct. 6 for about month for planned maintenance, the company has said.

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Saudi to supply extra oil to India to make-up for US sanctions: Report

Saudi to supply extra oil to India to make-up for US sanctions: Report

Saudi Arabia, the world’s biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

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Bhilai Steel Plant blast: CEO removed, two other officials suspended

Bhilai Steel Plant blast: CEO removed, two other officials suspended

The Chief Executive Officer (CEO) of the Bilai Steel Plant was removed and two other senior officials were suspended on Wednesday, a day after a blast at the plant which claimed the lives of 11 employees.

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Oil minister Pradhan lays foundation stone for Odisha’s first 2G bio-ethanol refinery

Oil minister Pradhan lays foundation stone for Odisha’s first 2G bio-ethanol refinery

Oil minister Dharmendra Pradhan today laid the foundation stone of Odisha’s first second-generation bio-ethanol refinery being set-up by government-owned fuel retailer Bharat Petroleum (BPCL) in Bargarh district.

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Downgrade risks surge for earnings outlook on oil, rupee

Downgrade risks surge for earnings outlook on oil, rupee

The rupee’s longest rout since 2000 and oil’s surge to a four-year high have put earnings estimates of Indian companies at the risk of downgrades. Analysts have boosted the average profit forecast for NSE Nifty 50 Index

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PetroChina plans to open first Indian office in Mumbai: Sources

PetroChina plans to open first Indian office in Mumbai: Sources

China's top oil and gas producer PetroChina is preparing to open its first South Asia office in India to scout for business opportunities in oil and liquefied natural gas, three industry sources told Reuters.

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Saudi Arabia's Oil Refinery In Gwadar Likely To Threaten Chabahar Port, Make China Part Of Tehran And Riyadh War

Saudi Arabia's Oil Refinery In Gwadar Likely To Threaten Chabahar Port, Make China Part Of Tehran And Riyadh War

Pakistan's latest announcement about Saudi Arabia's investment in an oil refinery at the port city of Gwadar has set alarm bells ringing in the international arena. A Zerohedge article claims that Pakistan's move comes

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Petrol price unchanged in New delhi, diesel inches towards Rs 75 mark

Petrol price unchanged in New delhi, diesel inches towards Rs 75 mark

The price of diesel continued its upward march on Wednesday and witnessed a hike of 24 paise in the national capital, while the price of petrol remained the same. After the revision in prices 

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H-Energy will commission first LNG retail outlet in Maharashtra by October 2019: Darshan Hiranandani

H-Energy will commission first LNG retail outlet in Maharashtra by October 2019: Darshan Hiranandani

H-Energy, the oil and gas arm of Mumbai-based Hiranandani Group, is planning to commission its first LNG retail outlet in Panvel, Maharashtra in a year. The outlet, part of a larger expansion plan, will help the company sell gas from its Jaigarh LNG terminal

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Bombay High Court pulls up Metro corporation for not filing affidavit

Bombay High Court pulls up Metro corporation for not filing affidavit

Bombay High Court while hearing a plea on the cutting of trees due to metro shed construction; The court pulled up the metro corporation MMRCL and questioned them why they have not filed an affidavit yet following which the court has also said that if they feel

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Rail minister orders investigation into derailment of New Farakka Express

Rail minister orders investigation into derailment of New Farakka Express

Seven people died and several were injured after nine coaches of New Farakka Express derailed 50 metre from Harchandpur railway station on Wednesday. The Railways Minister Piyush Goel has ordered an inquiry into the derailment of New Farakka

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Cabinet approves productivity linked bonus for non-gazetted Railway employees for 2017-18

Cabinet approves productivity linked bonus for non-gazetted Railway employees for 2017-18

The Union Cabinet on Wednesday approved payment of productivity linked bonus equivalent to 78 days’ wages for all eligible non-gazetted Railway employees for financial year 2017-18.

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Know how to change passenger's name in Railway e-ticket

Know how to change passenger's name in Railway e-ticket

Do you have a rail e-ticket and are looking to change passenger name? As per Indian Railway Catering and Tourism Operation (IRCTC), the ticketing arm of Indian Railways, passengers can now avail this facility 24 hours before the scheduled departure of train.

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Residents seek clarity on resettlement provisions

Residents seek clarity on resettlement provisions

Local residents have demanded the state government to come out clear on rehabilitation and resettlement packages (R&R) even as the Kochi Metro Rail Ltd (KMRL) has drawn out plans for implementing Water Metro projects.

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Bengaluru Metropolitan Transport Corporation suffers Rs 88 lakh daily loss

Bengaluru Metropolitan Transport Corporation suffers Rs 88 lakh daily loss

Decline in ridership and increase in operational costs, not to mention mounting fuel bills, is resulting in the Bengaluru Metropolitan Transport Corporation (BMTC) suffering a daily loss of Rs 88 lakh.

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7 dead, more than 20 injured after Delhi-bound Farakka Express derails near UP’s Rae Bareli

7 dead, more than 20 injured after Delhi-bound Farakka Express derails near UP’s Rae Bareli

Seven people were killed and about 20 others injured after five coaches of Delhi-bound MLDT NDLS Express derailed near Harchandpur area of Rae Bareli district in Uttar Pradesh early on Wednesday, officials said.

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