GOOD MORNING INDIA

November 14, 2018, Wednesday

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

Arcelormittal Offers Rs 50,000 Crore To Buy Essar Steel

Arcelormittal Offers Rs 50,000 Crore To Buy Essar Steel

ArcelorMittal has agreed to pay a total of Rs 50,000 crore, including a Rs 8000-crore capital infusion, to acquire Essar Steel, as bankers started voting on its offer.

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NTPC, SMC Join Hands To Convert Waste Into Energy

If all goes well, the Surat Municipal Corporation (SMC) will be relieved from managing 1,000 metric tonnes of solid waste generated in the Diamond City.

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Essar Steel Turning To ‘Gold’? After ArcelorMittal Clears Its Dues, Now Russian Vtb Wants To Enter Contest

Essar Steel Turning To ‘Gold’? After ArcelorMittal Clears Its Dues, Now Russian Vtb Wants To Enter Contest

The race to get hold of the insolvent Essar Steel, is getting more intense and stranger. Crinium Bay Holdings, part of the VTB Group

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Himachal Pradesh Cabinet Decides To Allot 780-mw Kinnaur Hydro Project To SJVN

Himachal Pradesh Cabinet Decides To Allot 780-mw Kinnaur Hydro Project To SJVN

The Himachal Pradesh Cabinet has decided to provide 25 per cent subsidy for setting up of private hospitals in rural areas in the state, an official spokesperson said.

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CIL: Higher Coal Production Will Improve Supply

CIL: Higher Coal Production Will Improve Supply

State-owned Coal India Ltd is expecting some let up in the fuel shortage crisis in power plants by the first week of November.

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Essar Lenders Vote To Approve $5.4 Billion Arcelor Bid

Essar Lenders Vote To Approve $5.4 Billion Arcelor Bid

Lenders to Essar Steel India Ltd., the biggest mill being sold under the nation’s insolvency process, are voting Tuesday to finalize a bid from ArcelorMittal, people with knowledge of the matter said.

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India, Iran, Afghanistan Hold First Trilateral On Chabahar Port Project

India, Iran, Afghanistan Hold First Trilateral On Chabahar Port Project

India, Afghanistan and Iran Tuesday held their first trilateral meeting on Chabahar port project during which they reviewed its implementation. The meeting assumes significance as the strategically-located port on the energy-rich Iran’s southern coast

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Fuel Prices Dip Further; Petrol At Rs 81.25 Per Litre In Delhi, Rs 86.73 In Mumbai

Fuel Prices Dip Further; Petrol At Rs 81.25 Per Litre In Delhi, Rs 86.73 In Mumbai

In a partial relief to consumers, fuel prices witnessed further reduction on Wednesday.

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Odisha Urges Centre For Free LPG Cylinders In 3 Cyclone-hit Districts

Odisha Urges Centre For Free LPG Cylinders In 3 Cyclone-hit Districts

Noting that Cyclone 'Titli' and resultant floods have "shattered" the poor in Gajapati, Ganjam and Rayagada districts, Odisha government on Monday urged the Centre for supply of free LPG cylinders to beneficiaries of the Pradhan Mantri Ujjawala Yojana (PMUY).

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BPRL Begins Supply Of Crude To BPCL Kochi Refinery

BPRL Begins Supply Of Crude To BPCL Kochi Refinery

Bharat Petro Resources Limited (BPRL), a wholly owned subsidiary of BPCL, has started supply of crude oil to BPCL Kochi Refinery. BPRL has been set up with an aim in providing partial supply security of crude and hedging of price risks.

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Rising Oil Prices, Falling Rupee Bring Bad News For IndiGo, SpiceJet And Jet Airways

Rising Oil Prices, Falling Rupee Bring Bad News For IndiGo, SpiceJet And Jet Airways

Credit rating agencies Icra and Crisil have downgraded various loan facilities of the three listed airlines - IndiGo, SpiceJet and Jet Airways.

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India Can Get By Without Oil From Iran, Says Horasis Chief

India Can Get By Without Oil From Iran, Says Horasis Chief

India can probably get by without importing crude oil from Iran, which is to face another round of sanctions aimed at crippling its oil exports

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Reliance To Play Ball With State-run Refiners On ₹1 Cut In Fuel Prices

Reliance To Play Ball With State-run Refiners On ₹1 Cut In Fuel Prices

Mukesh Ambani-led Reliance Industries Ltd will “match” the recent ₹1 per litre rate cut in petrol and diesel effected by state-run oil marketing companies, to prop-up its share in the local market.

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Exxon, Rosneft To Build LNG Plant With Japanese, Indian Partners: Sources

Exxon, Rosneft To Build LNG Plant With Japanese, Indian Partners: Sources

Russia's Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.

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Modi To Meet Abe In Japan As Bullet Train Project Hits Roadblock

Modi To Meet Abe In Japan As Bullet Train Project Hits Roadblock

The India-Japan partnership is on the up as it has been a key focus as well as a success in Prime Minister Narendra Modi's foreign policy initiatives.

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India's Longest River Bridge Promises To Reduce Distance Of 200 Kms To Just 20 Kms

India's Longest River Bridge Promises To Reduce Distance Of 200 Kms To Just 20 Kms

The National Highway and Industrial Development Corporation Limited has contacted a France-based company to build what could be India's longest river bridge at 19.3 kilometers, planned over Brahmaputra.

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Railways' Scheme For Buying Unreserved Tickets Online To Go Nationwide From November 1

Railways' Scheme For Buying Unreserved Tickets Online To Go Nationwide From November 1

Waiting in long queues to buy tickets at railway stations will now be a thing of the past as the railways' UTS mobile app for buying unreserved tickets online will be available nationwide from November 1, a senior official said Tuesday.

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Karnataka CM To Launch Three Major Road Infrastructure Works In Dharmasthala On Wednesday

Karnataka CM To Launch Three Major Road Infrastructure Works In Dharmasthala On Wednesday

Chief minister H D Kumaraswamy on Wednesday will dedicate three major road infrastructure works amounting to Rs 23.5 crore in this temple town in the run up to mahamastakabhisheka of Lord Bahubali slated for February 2019.

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Onboarding The Railway Passenger With The Help Of AI And Big Data

Onboarding The Railway Passenger With The Help Of AI And Big Data

The typical rail traveller always dreads the festive season.

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New Make In India Bullet Train Coming! Indian Railways Readies Rs 500 Cr Plan!

New Make In India Bullet Train Coming! Indian Railways Readies Rs 500 Cr Plan!

A new India-made Bullet train corridor is going to be set up soon in the country.

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2 Dead, 17 Injured In Stampede At Railway Station In Kolkata

2 Dead, 17 Injured In Stampede At Railway Station In Kolkata

Two people were killed and 17 injured in a stampede on a foot overbridge at Santragachi railway station in West Bengal on Tuesday evening after announcements were made about simultaneous arrival of trains on platforms connected by the overbridge.

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