GOOD EVENING INDIA

November 16, 2018, Friday

Your Evening News Updates From Across The Media Space

Coal India Q2 PAT seen up 840.9% YoY to Rs. 3,470.9 cr: ICICI Direct

Coal India Q2 PAT seen up 840.9% YoY to Rs. 3,470.9 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Coal India to report net profit at Rs. 3,470.9 crore up 840.9% year-on-year (down 8.3% quarter-on-quarter).

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Emission standards: SC grants time to power generating units on compliance issue

Emission standards: SC grants time to power generating units on compliance issue

The Supreme Court (SC) on Thursday granted four weeks to power firms of state governments to apprise it about the time required for complying with the emission standards, including on nitrogen oxide (NOX).

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Punjab: Power cost rises again as PSPCL hikes fuel cost adjustment surcharge

Punjab: Power cost rises again as PSPCL hikes fuel cost adjustment surcharge

Following the Punjab State Electricity Regulatory Commissioner (PSERC) approving hike in the fuel cost adjustment (FCA) surcharge, the board of directors of the Punjab State Power Corporation Limited (PSPCL)

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Jindal Steel & Power Set To Hike Prices To Offset Input Cost Pressures

Jindal Steel & Power Set To Hike Prices To Offset Input Cost Pressures

Jindal Steel & Power Ltd. said it will again hike steel prices by Rs 2,000 a tonne in the coming few weeks to offset rising input costs. “The steel plants have been doing okay, but not so well that they can absorb prices

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Government wants CIL to liquidate 10MT of stocks by end of October to address demand surge

Government wants CIL to liquidate 10MT of stocks by end of October to address demand surge

The government has admonished Coal India’s brass for poor project management, long delays in tendering, leniency with contractors and other issues that have starved thermal power plants of fuel and warned the company’s nonperformers that it can take stern action.

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A K Rath takes charge as CEO of SAIL's Bhial Steel Plant

A K Rath takes charge as CEO of SAIL's Bhial Steel Plant

Arun Kumar Rath, CEO of SAIL's Durgapur Steel Plant, on Thursday took charge as the new CEO of Bhilai Steel plant, two days after a major fire accident at the SAIL unit which has so far claimed 13 lives.

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Tata, Adani Power surge up to 14% as SC to examine tariffs

Tata, Adani Power surge up to 14% as SC to examine tariffs

Shares of Tata Power Company (up 13.95 per cent), Reliance Infrastructure (up 9.32 per cent) and Adani Power (up 8.85 per cent) surged in Friday's session amid reports that the Supreme Court

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Will buy power from Central grid, private firms to make up for 3,500 MW shortage: Maharashtra govt

Will buy power from Central grid, private firms to make up for 3,500 MW shortage: Maharashtra govt

The ruling BJP in Maharashtra on Thursday said the government will purchase power from Central grid as well as private companies to make up for the shortage which is to the tune of 3,500 MW.

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Maharashtra facing power cuts because coal diverted to poll-bound states: NCP

Maharashtra facing power cuts because coal diverted to poll-bound states: NCP

The NCP on Thursday claimed that rural areas in Maharashtra are facing extended power cuts every day because the coal supply meant for the state is being "diverted" to poll-bound Rajasthan 

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If Gujarat Govt's Bailout of Power Plants Is Approved, Consumers and Lenders Will Pick up the Cheque

If Gujarat Govt's Bailout of Power Plants Is Approved, Consumers and Lenders Will Pick up the Cheque

At a time when dozens of power plants are set to be dragged to bankruptcy courts for defaulting on loans, a high-level panel has recommended a bailout for the Gujarat-based stranded generating stations of Tata Power,

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‘New power plants to provide 10,000 jobs’

‘New power plants to provide 10,000 jobs’

Telangana Genco chairman and managing director D Prabhakar Rao on Thursday said major thermal power plants, which will generate over 5,800 MW, will be commissioned in a phased manner in the next couple of years.

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Rs 8,000-Crore Second Unit Of Mahan Power Plant Commissioned By Essar In MP

Rs 8,000-Crore Second Unit Of Mahan Power Plant Commissioned By Essar In MP

Essar Power, the wholly owned subsidiary of Ruia-owned Essar Group, has announced that the second 600 MW unit of Mahan Power Plant in Madhya Pradesh has been completed at a cost of Rs 8,000 crore, reports Economic Times.

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SECI’s Manufacture-linked bids put off, for fourth time

SECI’s Manufacture-linked bids put off, for fourth time

State-run Solar Energy Corporation of India (SECI) has postponed, for the fourth time, its first manufacturing-linked solar auction of 10,000 MW. The government’s earlier effort to stimulate local manufacturing of solar equipment 

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Discom blames coal companies for load shedding

Discom blames coal companies for load shedding

Power generation utilities have blamed coal companies for the load shedding being done in the state. They have pointed out that Western Coalfields Limited (WCL) and other coal companies are not supplying contracted quantity of coal

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PM Narendra Modi reviews oil, gas production profile of ONGC, OIL

PM Narendra Modi reviews oil, gas production profile of ONGC, OIL

Prime Minister Narendra Modi Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 per cent would be met.

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Not using imported needle petcoke at Bengaluru's plant, GIL informs SC

Not using imported needle petcoke at Bengaluru's plant, GIL informs SC

Graphite India Ltd (GIL) informed the Supreme Court on Friday that it was not using imported needle petroleum coke (petcoke) at its Bengaluru plant, which is facing complaints about pollution and emission of black dust.

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India will continue to buy Iranian crude in Nov; payment mechanism to be worked out: S C Garg

India will continue to buy Iranian crude in Nov; payment mechanism to be worked out: S C Garg

India will continue to buy Iranian crude to some extent and the quantity of imports will not be the same, India’s economic affairs secretary Subhash Chandra Garg said in an interview to news channel CNBC-TV18.

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India Targets Oil Traders for $1.5 Billion Emergency Oil Reserve

India Targets Oil Traders for $1.5 Billion Emergency Oil Reserve

India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves that will act as a buffer against volatility in oil prices.

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Fuel prices witness fresh hike: Petrol sold at Rs 82.48, diesel at Rs 78.51 per litre

Fuel prices witness fresh hike: Petrol sold at Rs 82.48, diesel at Rs 78.51 per litre

Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently.

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OPEC moves to calm oil supply fears as India slams high prices

OPEC moves to calm oil supply fears as India slams high prices

OPEC again sought to reassure markets after one of its biggest customers complained about the pain of high prices. “There is no cause for alarm,” OPEC secretary-general Mohammad Barkindo said Thursday, adding that India

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Know how much petrol and diesel will cost you after hike today

Know how much petrol and diesel will cost you after hike today

The fuel prices are again on fire. After retreating from record highs last week, the prices of diesel and petrol are returning to soaring levels. The prices of diesel surged by nearly 30 paise per litre and petrol prices increased by around 12 paise per litre on Friday.

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Petrol price up by 12 paise, reaches Rs 87.94/lt in Mumbai

Petrol price up by 12 paise, reaches Rs 87.94/lt in Mumbai

Petrol prices have been hiked on Friday. While diesel is up by 28 paise, prices of petrol have been increased by 12 paise. Petrol in Mumbai is now retailing at Rs 87.94/lt and in Delhi at Rs 82.48/ltr.

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Travelling While Fasting During Navtrati? Indian Railway Has Curated a Special Menu For You

Travelling While Fasting During Navtrati? Indian Railway Has Curated a Special Menu For You

The Indian Railways has always upgraded its services to suit the needs of the passengers. And in an attempt to up their game even further, they’re now offering ‘vrat ka khana’ (food during fasting) as a part of its e-catering menu.

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Bengaluru: Airport Metro Line Will Now Pass Through Hebbal

Bengaluru: Airport Metro Line Will Now Pass Through Hebbal

The proposed metro line between Bengaluru’s Nagawara and Kempe Gowda International Airport (KIA) is now being run through Hebbal since the presence of the Bengaluru-Mangaluru petroleum pipeline makes it risky to run it through the original route.

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Cyclone Titli: Indian Railways services affected; Trains cancelled, rescheduled and diverted

Indian Railways services affected; Trains cancelled, rescheduled and diverted

If you are about to commence a train journey today, then it would be advisable to first check the list of terminated, rescheduled and cancelled train services with Indian Railways, as the status of several train services has been changed due to Cyclone Titli.

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2 months on, high speed Tejas Express on Chandigarh-Delhi route yet to hit the tracks

2 months on, high speed Tejas Express on Chandigarh-Delhi route yet to hit the tracks

The inclusion of Tejas Express on the Delhi-Chandigarh route in the new timetable of the Railways had generated excitement two months back, but the train’s launch date is yet to be notified.

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Mumbai Metro Gets A Pal: Partners With Payments Company PayPal To Provide Online Smart Card Recharge Facility

Mumbai Metro Gets A Pal: Partners With Payments Company PayPal To Provide Online Smart Card Recharge Facility

Payments company PayPal, has announced a partnership with Mumbai Metro for online recharge payments, thus entering into the mass transit sector, Firstpost has reported.

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Infrastructure sector in India is crumbling, even new models proving unviable; here is key to revival

Infrastructure sector in India is crumbling, even new models proving unviable; here is key to revival

Infra sector is crumbling as project delays, cost overruns and financing woes mount. Even new models like hybrid-annuity are proving to be unviable. Private sector investment is the key to revival, but the return of private capital may be delayed

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Now, Indian Railways Purbia Express between Saharsa-Anand Vihar to run with modern, comfortable LHB coaches

Now, Indian Railways Purbia Express between Saharsa-Anand Vihar to run with modern, comfortable LHB coaches

Major upgradation for Indian Railways trains! As part of its plan to enhance safety, Indian Railways’ Train number 15279/15280 Saharsa-Anand Vihar-Saharsa Purbia Express is all set for a new makeover.

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India's 84 railway projects worth INR 990 billion on cards to boost coal traffic

India's 84 railway projects worth INR 990 billion on cards to boost coal traffic

Business Standard reported that with an increasing share in the freight cargo, Indian Railways has lined up 84 projects that would cost the government INR 989.8 billion to boost coal traffic. The Prime Minister’s Office

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