GOOD MORNING INDIA

January 19, 2019, Saturday

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

Coal block auctions: Initial response positive, 69 firms purchase the tender documents priced at Rs 5 lakh

Coal block auctions: Initial response positive, 69 firms purchase the tender documents priced at Rs 5 lakh

After the failure of last two tranches of coal-block auctions, the coal ministry has received “overwhelming” response for the latest invitations for 19 captive mined. A senior coal ministry official told FE that “as many as 69 companies

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Essar Steel insolvency: Lenders ask NCLT to reject promoters’ bid

Essar Steel insolvency: Lenders ask NCLT to reject promoters’ bid

The lenders of bankrupt Essar Steel on Wednesday told the Ahmedabad bench of the National Company Law Tribunal (NCLT) that the last-minute offer by the company’s promoters to pay Rs 54,389 crore should be dismissed as it is “not maintainable”.

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Power Min considers proposal to sell entire govt stake in PFC to REC

Power Min considers proposal to sell entire govt stake in PFC to REC

The power ministry is considering a proposal under which state-run REC Ltd will buy entire 65.6 per cent government stake in Power Finance Corporation (PFC) for around Rs 16,000 crore at present market value, a move would

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Vedanta Wins: NGT rules copper plant can start ops but with riders

Vedanta Wins: NGT rules copper plant can start ops but with riders

In a blow to the Tamil Nadu government and Tamil Nadu Pollution Control Board (TNPCB) and a major win for Vedanta, the National Green Tribunal’s (NGT) principal bench in New Delhi has said that the company’s copper

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India needs $80-bn investment in power transmission within 5 yrs: Pratik Agarwal, Sterlite Power

India needs $80-bn investment in power transmission within 5 yrs: Pratik Agarwal, Sterlite Power

Considering the capacity addition from the government’s power for all mission and the 175 Gw renewable integration target, India currently needs about US$ 50 billion to US$80 billion investmen

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NTPC awards transport contract for 1.3 MT CIL coal offered under 5 MT offer

NTPC awards transport contract for 1.3 MT CIL coal offered under 5 MT offer

Seeking to bolster its coal stocks, state-owned power generator NTPC Ltd has moved quickly and awarded a contract for transporting 1.3 million tonne (MT) of the 5 MT additional fuel offered by Coal India Ltd (CIL) to tide over supply crunch.

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Closure of Sterlite plant at Tuticorin not sustainable, against natural justice: Committee to NGT

Closure of Sterlite plant at Tuticorin not sustainable, against natural justice: Committee to NGT

A committee constituted by the National Green Tribunal to decide mining company Vedanta’s plea challenging closure of its Sterlite copper plant at Tuticorin Wednesday told the green panel that the shutdown is not sustainable as it is “against the principles of natural justice”.

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IL&FS puts green energy arms on block

IL&FS puts green energy arms on block

Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Group Wednesday said that it has initiated a process to sell its stake in the renewal energy business. The renewable assets of the group include operating wind

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LPG cylinder prices likely to decrease soon: Petroleum Ministry

LPG cylinder prices likely to decrease soon: Petroleum Ministry

Busting rumours that LPG cylinder prices are likely to be hiked to Rs 1,000 per cylinder, the petroleum ministry today said domestic LPG cylinder rates are likely to be reduced in the coming days.

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Big Indian insurer bets on oil marketing companies for 2019

Big Indian insurer bets on oil marketing companies for 2019

India's Aditya Birla Sun Life Insurance (ABSLI) plans to increase its holdings in oil marketing companies as crude prices come under pressure and valuations in the sector turn attractive ahead of general elections next year.

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JK govt amend Gas Pipeline Act

JK govt amend Gas Pipeline Act

The Jammu and Kashmir government Wednesday approved an amendment to the Gas Pipeline Act to help expansion of the gas distribution network in the state, an official spokesman said.

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India’s oil imports from Iran rise 36% in face of US bans

India’s oil imports from Iran rise 36% in face of US bans

India has reported a whopping jump in oil imports from Iran in October in face of US sanctions that officials in Washington earlier said were meant to bring the Islamic Republic’s crucial sales of oil to zero.

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Petrochemicals can be new revenue-stream for oil refinery companies

Petrochemicals can be new revenue-stream for oil refinery companies

Investments in petrochemicals can provide some offset to the inevitable long-term loss in transportation fuel demand, said Crisil Research in its report

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Fuel retailer bet big on green energy with easy loans

Fuel retailer bet big on green energy with easy loans

Oil companies betting big on solar energy doesn't sound ironic any more. Setting up solar power plants is not a token of commitment to the environment. Instead, it is making business sense as rising cost of running petrol pumps eat into dealer income.

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Now, railways banks on mega bloc to lay new suburban lines

Now, railways banks on mega bloc to lay new suburban lines

For the first time railway infrastructure projects in the city may be extended loans by the New Development Bank (NDB), once called the BRICS bank.

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Mumbai’s wait for 47 AC local trains gets longer as coach factory cancels tender

Mumbai’s wait for 47 AC local trains gets longer as coach factory cancels tender

The city will have to wait longer to add to its sole air-conditioned (AC) suburban local train after the Chennai-based Integral Coach Factory (ICF) of the Indian Railways abruptly cancelled the tender issued to procure 47 more AC locals.

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Railways to run 'Khadi Express' train to create awareness and boost sales of Khadi products

Railways to run 'Khadi Express' train to create awareness and boost sales of Khadi products

Government-run Khadi and Village Industries Commission (KVIC) recently said that the sale of Khadi products has increased three-fold in the last three financial years. It further said that a 'Khadi Express' train will be run in order to

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Tejas Express, Indian Railways premium luxury train, gets swankier; watch exclusive video of new train

Tejas Express, Indian Railways premium luxury train, gets swankier; watch exclusive video of new train

Tejas Express, Indian Railways’ premium luxury train, gets swankier! With Indian Railways looking to offer aircraft-like comforts in its premium trains, the Integral Coach Factory (ICF) in Chennai has rolled out a new rake of the Tejas Express train.

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