GOOD MORNING INDIA

January 23, 2019, Wednesday

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

CIL ready to renew 5 mt offer to NTPC

CIL ready to renew 5 mt offer to NTPC

Coal India is ready to renew its 5-million-tonnes offer of additional coal to NTPC, which could not lift any quantity after it was offered the fuel with a 30-day deadline. NTPC executives said transporting the coal was a big hurdle.

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Govt lays down quota allocation procedure for calcined pet coke import

Govt lays down quota allocation procedure for calcined pet coke import

The government Monday laid out a detailed procedure for allocation of quota for import of calcined pet coke to be used in aluminium industry. In October, the government permitted imports of certain quantity of pet coke,

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2018 a sobering year for renewable energy in India

2018 a sobering year for renewable energy in India

The renewable energy sector in India has had a sobering year in 2018 with the number of new projects slowing down and investors finding that the sector is generating both lower power and financial returns than they expected.

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Central schemes has improved energy access in UP: CEEW

Central schemes has improved energy access in UP: CEEW

The Central government’s schemes Saubhagya and Ujjwala Yojanas have played an important role in improving energy access in Uttar Pradesh during the recent years with rise in usage of electricity and LPG, claimed Council on Energy,

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TERI launches storage battery-based load management in Kolkata

TERI launches storage battery-based load management in Kolkata

The Energy and Resources Institute (TERI) on Monday launched a “first-of-its-kind” pilot project here to support implementation of Battery Energy Storage Systems (BESS) at the distribution level, aimed at reducing stress on transformers during peak hours.

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NMDC may start production at Nagarnar plant from July 2019

NMDC may start production at Nagarnar plant from July 2019

State-run miner NMDC Monday said it expects to start production at its Nagarnar steel plant by July 2019. The country's largest iron ore miner is setting up a three million tonne per annum (MTPA) integrated steel plant at Nagarnar in Bastar, Chhattisgarh.

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Standard Chartered challenges ArcelorMittal’s Essar Steel bid again

Standard Chartered challenges ArcelorMittal’s Essar Steel bid again

After filing a caveat petition in late October against ArcelorMittal SA’s resolution plan for Essar Steel which left Standard Chartered left out in the cold, the London-based bank has approached the Ahmedabad bench of the National

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IL&FS claims over dozen responses for stake sale in 2 subsidiaries

IL&FS claims over dozen responses for stake sale in 2 subsidiaries

Debt-laden Infrastructure Leasing& Financial Services (IL&FS) Monday said it has received more than a dozen responses for its stake sale in IL&FS Securities Services (ISSL) and ISSL Settlement & Transaction Services (ISTSL).

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NITI Aayog working on ways to help Indian firms become global giants

NITI Aayog working on ways to help Indian firms become global giants

The NITI Aayog is exploring ways to encourage more domestic companies to be among the top multinational corporations in the world, the think-tank’s Vice-Chairman Rajiv Kumar said.

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As crude oil prices take a dip, retail fuel prices fail to follow suit

As crude oil prices take a dip, retail fuel prices fail to follow suit

As crude oil prices take a dip, retail prices of petrol and diesel in Indian cities have failed to follow suit in equal measure. While some attribute it to the complex formula used in the country to arrive at fuel prices

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Mumbai: Petrol prices to fall below Rs 80 a litre for first time in 10 months

Mumbai: Petrol prices to fall below Rs 80 a litre for first time in 10 months

After breaching the mark of Rs 90 a litre and touching a high of Rs 91.34 last month, petrol price in Mumbai is slated to fall below Rs 80 by Tuesday morning. On Monday, it retailed at Rs 80.03—the lowest in the city in the past 10 months.

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Recent floods led to drop in fuel demand in state: Oil cos

Recent floods led to drop in fuel demand in state: Oil cos

The historic floods that devastated the state in every sense, had taken its toll on the fuel market too. Officials of oil retailers said that petrol and diesel sales in the state were badly affected by the cumulative impact of floods across various sectors.

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Why correcting October’s fuel pricing distortion is good policy & politics

Why correcting October’s fuel pricing distortion is good policy & politics

Markets! A little less than two months back, the prospect of global oil@ $100/barrel around the time of India’s general elections, March-April 2019, seemed real. Analysts and commentators advised the government not to panic.

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Fall in oil prices may cause new worries

Fall in oil prices may cause new worries

The last three weeks have seen the collapse of oil. Prices have fallen to 2018 lows and more falls may be on the cards. This has meant a stronger rupee and a favourable reassessment of external macros.

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Preparing for cheaper oil

Preparing for cheaper oil

The sudden and sharp fall in the global price of crude oil has thrown up a set of decisions for Indian policymakers. On the one hand, a reduction in the price of oil is always a benefit for India, which imports over 80 per cent

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Foresight Group to invest in LNG infrastructure in India

Foresight Group to invest in LNG infrastructure in India

Foresight Group International, a $2 billion London-based shipping-to-retailing entity started by a former Shipping Corporation of India (SCI) senior executive, plans to invest $500 million in India across offshore drilling, shipping, port terminal and LNG sectors in the next five years.

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Saudi energy giant Aramco signs deals worth $27.5 billion

Saudi energy giant Aramco signs deals worth $27.5 billion

Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday.

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ADB to extend $200 mn loan for upgrading roads in Bihar

ADB to extend $200 mn loan for upgrading roads in Bihar

The Centre and the Asian Development Bank (ADB) signed a $200 million loan agreement to finance widening and upgrading of about 230 km of state highways in Bihar to all-weather standards with road safety features, according to an official release.

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T18, India's first engineless train, successfully completes first phase of trial run

T18, India's first engineless train, successfully completes first phase of trial run

The testing and performance trials of the first engine-less train "Train- 18" is progressing as per schedule and the trial results have been in conformance to the design expectations.

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Chabahar: Why US shielded India’s interests

Chabahar: Why US shielded India’s interests

Two days before the crucial talks took place in Moscow to find ways to end the unending civil war in Afghanistan, the US government announced a waiver to its sanctions on Indian investments in Iran’s oceanic port, Chabahar.

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Indian PSU BEML Beats Alstom, Bombardier To Bag Rs 3,015 Crore Contract For Driverless Mumbai Metro Coaches

Indian PSU BEML Beats Alstom, Bombardier To Bag Rs 3,015 Crore Contract For Driverless Mumbai Metro Coaches

Bharat Earth Movers Limited (BEML), a PSU, has bagged the contract for the supply of metro cars for Mumbai Metro. The order includes manufacturing of 63 Metro trains with six cars each totalling to about 378 Metro

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Railways take dig at IndiGo over new web check-in rule

Railways take dig at IndiGo over new web check-in rule

This is the second time in the past week the railways has cashed in on an opportunity to wrest passengers from the airlines.

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Good news Delhi, UP citizens! This is how Indian Railways will make your journey safe in winter

Good news Delhi, UP citizens! This is how Indian Railways will make your journey safe in winter

Passengers of Indian Railways face great difficulty especially during winter season. Most of the time trains are delayed and even trains are cancelled, because of the fog which creates confusion and carries risk of accidents as drivers

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YESTERDAY'S HEADLINES

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