GOOD EVENING INDIA

March 21, 2019, Thursday

Your Evening News Updates From Across The Media Space

Nava Bharat Ventures Ltd. - Power Supply Contracts With Telangana State Grid

Nava Bharat Ventures Ltd. - Power Supply Contracts With Telangana State Grid

This is to inform you that the Company and its subsidiary (Nava Bharat Energy (India) Limited) signed contracts with Tata Power Trading for power supply of 25 MW and 100 MW respectively to Telangana State Grid.

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Power Industry Too Stressed To Increase Capacity, Says JSPL

Power Industry Too Stressed To Increase Capacity, Says JSPL

India’s power sector, the private players in particular, are stressed from lingering debt and the unavailability of coal to expand capacity. That’s according to Bharat Rohra, the chief executive officer of Jindal Steel & Power Ltd.’s power business.

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Essar Steel bankruptcy: Standard Chartered Bank's petition raises transparency issue, says experts

Essar Steel bankruptcy: Standard Chartered Bank's petition raises transparency issue, says experts

The Standard Chartered Bank's petition against Essar Steel's Committee of Creditors (CoC) at the National Company Law Tribunal (NCLT) raises transparency issue that could undermine the bankruptcy proceeding under the Insolvency & Bankruptcy Code, legal experts said.

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Opinion | Strained finances of stressed thermal assets: Who'll bell the cat?

Opinion | Strained finances of stressed thermal assets: Who'll bell the cat?

A High Level Empowered Committee (HLEC), chaired by Cabinet Secretary PK Sinha, to address the issue of stressed thermal power projects in India has made far-reaching recommendations.

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GE T&D India: Battling the slowdown

GE T&D India: Battling the slowdown

A lot of pure transmission and distribution (T&D) players are increasingly finding it difficult to cope up with the drop and possible slowdown in transmission capex, particularly in the conventional energy sector.

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Banks looking to resolve stressed power assets before SC ruling on Feb 12 circular

Banks looking to resolve stressed power assets before SC ruling on Feb 12 circular

Banks are once again trying to make use of the small window of opportunity to resolve certain accounts facing insolvency proceedings ahead of the Supreme Court hearing on the RBI’s February 12 circular later this week.

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Himachal Govt allots 780 MW hydro electric project to SJVN

Himachal Govt allots 780 MW hydro electric project to SJVN

The Himachal Pradesh Government has allotted 780 MW Jangi-Thopan- Powari hydro electric project in district Kinnaur to Satluj Jal Vidyut Nigam (SJVN) Limited.

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India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018

India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018

Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest data from the Department of Commerce, solar modules and cells worth $602 million (~₹42.96 billion) were imported by India in the third quarter of 2018.

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New power record! Power demand at all-time high in October

New power record! Power demand at all-time high in October

Peak power demand of the country breached the 180 gigawatt (GW) mark in October — the first time in history — marking the reversal of the trend of tepid growth in energy demand since FY15 and signalling a spurt in industrial

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OMCs invite application for expansion of petrol pump network

OMCs invite application for expansion of petrol pump network

In order to meet the growing fuel needs and the convenience of the customers, Oil Marketing Companies (OMCs) are undertaking retail outlet (Petrol Pump) network expansion across the country.

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IGL, Gujarat Gas shares gain as Jefferies starts coverage with buy rating

IGL, Gujarat Gas shares gain as Jefferies starts coverage with buy rating

Shares of gas distribution companies such as Indraprastha Gas (IGL), Gujarat Gas and Mahanagar Gas gained a lot of traction on Monday after global brokerage Jefferies initiated coverage on these stocks.

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India to get oil windfall again ahead of 2019 polls? Here’s the Saudi angle

India to get oil windfall again ahead of 2019 polls? Here’s the Saudi angle

The oil glut between 2014 and late 2016 created a huge oil windfall for India, which benefited the Narendra Modi government in terms of fuel tax. As oil prices slumped to as low as $27 a barrel, it gave the government

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Crude oil futures rise to Rs 3,626 per barrel

Crude oil futures rise to Rs 3,626 per barrel

Crude oil futures recovered by 0.08 per cent to Rs 3,626 per barrel as participants widened their bets, tracking firm global cues. At the Multi Commodity Exchange, crude oil for delivery in December

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Indian Oil Corp seeks two LNG cargoes for January delivery: sources

Indian Oil Corp seeks two LNG cargoes for January delivery: sources

Indian Oil Corp is seeking two liquefied natural gas (LNG) cargoes for delivery in January, two industry sources said on Monday. The company is seeking the cargoes on a delivered ex-ship basis into Gujarat between Jan

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Graphic: Seeing the bigger picture: oil price slump is part of broader Asian pullback

Graphic: Seeing the bigger picture: oil price slump is part of broader Asian pullback

The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks.

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Oil price collapse fuels India's sovereign bonds to their best quarter

Oil price collapse fuels India's sovereign bonds to their best quarter

Oil’s price collapse is driving India’s sovereign bonds to their best quarter in more than a year. Expectations of rate increases by the central bank have weakened after the slump in the price of Brent crude

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Habibganj and Gandhinagar, Indian Railways first world-class airport-like stations, to be ready by early 2019!

Habibganj and Gandhinagar, Indian Railways first world-class airport-like stations, to be ready by early 2019!

Indian Railways’ first two world-class railway stations with state-of-the-art amenities – Habibganj in Madhya Pradesh and Gandhinagar in Gujarat – will be ready by early 2019.

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India eyes investment opportunity in $500 billion infra projects in Saudi Arabia

India eyes investment opportunity in $500 billion infra projects in Saudi Arabia

India is eyeing investment opportunities in Saudi Arabia’s $500 billion futuristic infrastructure projects, the government said on Monday. “The infrastructure projects are part of the Kingdom’s initiative to expand their economy through

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Kumbh Mela: Indian Railways to use Artificial Intelligence-based technology for crowd control at stations

Kumbh Mela: Indian Railways to use Artificial Intelligence-based technology for crowd control at stations

To tackle the massive rush of passengers during the upcoming Kumbh Mela, Indian Railways is all set to use technology, including Artificial Intelligence (AI), in a big way. The national transporter will deploy as many as 800 special trains.

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Driverless Trains And Real-Time CCTV Monitoring: New Mumbai Metro Coaches Blend Efficiency With Women’s Safety

Driverless Trains And Real-Time CCTV Monitoring: New Mumbai Metro Coaches Blend Efficiency With Women’s Safety

Mumbai Metropolitan Region Development Authority (MMRDA) is all set to introduce new features for upcoming Metro corridors like real-time monitoring of images for the safety of women passengers, obstruction deflection device (ODD) to clear track of small obstacles etc.

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GPT Infraprojects JV bags order worth Rs 159.81 crore

GPT Infraprojects JV bags order worth Rs 159.81 crore

GPT Infraprojects announced that its JV GPT-Bhartia has bagged an order worth Rs 159.81 crore (the company's share being 51% ). The contract details are as follows -

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YESTERDAY'S HEADLINES

https://goo.gl/Kd1w63

 

 

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