GOOD MORNING INDIA

January 23, 2019, Wednesday

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

Cabinet approves MoU b/w India & France in field of energy efficiency / energy conservation

Cabinet approves MoU b/w India & France in field of energy efficiency / energy conservation

The Union Cabinet, chaired by Prime Minister Narendra Modi, was on Thursday apprised of Memorandum of Understanding (MoU) between India and France in the field of energy efficiency / energy conservation, Union Minister Suresh Prabhu said.

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Delhi recorded highest levels of exposure to PM 2.5 in 2017, says study

Delhi recorded highest levels of exposure to PM 2.5 in 2017, says study

As Delhi reels under high levels of air pollution, a study on Thursday said the city recorded the highest levels of exposure to ultra fine particulate matter, PM 2.5, in the country last year.

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Government sells 2.21 per cent stake in CIL to CPSE ETF

Government sells 2.21 per cent stake in CIL to CPSE ETF

The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing.

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Coal shortage, scrap imports worsen price fall pain for aluminium industry

Coal shortage, scrap imports worsen price fall pain for aluminium industry

A shortage of coal, coupled with a shortfall in rail rakes, is significantly pushing up production costs for domestic primary aluminium manufacturers. The cost of power accounts for 45 per cent of the total cost for the industry.

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PFC’s Buyout Of REC Will Hurt Its Capital Buffers

PFC’s Buyout Of REC Will Hurt Its Capital Buffers

India’s plan to ask Power Finance Corporation Ltd. to buy the government’s 52 percent stake in state-run peer REC Ltd. will help it narrow the budget gap. But that will also bring the PFC’s mandatory capital buffers below the regulatory level.

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Cabinet Approves Sale Of Government’s Stake In REC To PFC

Cabinet Approves Sale Of Government’s Stake In REC To PFC

The cabinet approved the sale of government’s entire 52.63 percent in power sector financier REC Ltd. to state-run peer Power Finance Corporation Ltd. as it looks to mop up funds through such a deal for the second straight year to meet its divestment target.

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NHPC says declared as highest bidder for Lanco Teesta Hydro Power

NHPC says declared as highest bidder for Lanco Teesta Hydro Power

State-owned hydro power giant NHPC Thursday said it has been declared as the highest bidder by the creditor of debt-ridden Lanco Teesta Hydro Power.

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Attaching assets of IL&FS executives is a good idea – Provision that must be used

Attaching assets of IL&FS executives is a good idea – Provision that must be used

When the NSEL payments crisis first broke several years ago, even as the Bombay High Court set up a committee headed by a retired judge to receive and dispose off assets and settle dues—it had attached properties worth over

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Indian court expected to reopen Vedanta copper smelter but appeal likely: sources

Indian court expected to reopen Vedanta copper smelter but appeal likely: sources

An Indian court is expected on Friday to follow an experts’ panel recommendation and order the reopening of a copper smelter closed after 13 people died when police fired on environmental protesters in May, two sources familiar with the matter said.

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Fuel prices slashed yet again, check December 7 rates here

Fuel prices slashed yet again, check December 7 rates here

Fuel prices were again slashed on Friday with petrol retailing at Rs 70.92 per litre, a fall of Rs 0.40 and diesel at Rs 65.55 per litre which was a fall of Rs 0.41. In Mumbai, petrol and diesel were being sold at Rs 76.50 per litre and 68.59 per litre, respectively.

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OPEC will 'seriously consider' PM Modi's views on slashing oil prices

OPEC will 'seriously consider' PM Modi's views on slashing oil prices

The Organisation of the Petroleum Exporting Countries (OPEC) would "seriously consider" Prime Minister Narendra Modi's views on lowering global crude oil prices, Saudi Energy Minister Khalid Al-Falih said on Thursday.

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HPCL to buy Iranian oil in Jan after six-month gap: sources

HPCL to buy Iranian oil in Jan after six-month gap: sources

State-run Indian oil refiner Hindustan Petroleum Corp (HPCL.NS) will buy Iranian crude in January after a gap of six months, with the nation’s overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

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Volume growth, earnings prospects for gas distribution firms remain strong

Volume growth, earnings prospects for gas distribution firms remain strong

While the volatility in crude oil prices creates uncertainty for investors about the prospects of both upstream and downstream oil and gas companies, this is not the case for gas utilities (distribution companies).

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Indian Oil invites entrepreneurs to set up 27,000 petrol stations

Indian Oil invites entrepreneurs to set up 27,000 petrol stations

Indian Oil, the country’s largest downstream oil major, has issued an advertisement for setting up about 27,000 petrol pumps pan India. Interested entrepreneurs may see the detail advertisement and brochure available in website, www.petrolpumpdealerchayan.in.

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OPEC looks to cut oil production to support falling price

OPEC looks to cut oil production to support falling price

OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day.

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Will run bulldozer over contractor if roads found in bad shape: Nitin Gadkari

Will run bulldozer over contractor if roads found in bad shape: Nitin Gadkari

Stating that roads were a country’s assets and there will be no compromise on quality, Union Minister of Road Transport, Highways and Shipping Nitin Gadkari on Thursday warned that if he found roads in a bad shape

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Amritsar train tragedy: Punjab chief minister Amarinder Singh orders action against Dussehra event organisers

Amritsar train tragedy: Punjab chief minister Amarinder Singh orders action against Dussehra event organisers

Accepting the magisterial probe report into the October 19 Amritsar train tragedy, chief minister Amarinder Singh on Thursday ordered strict action against organizers of the Dussehra function.

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Railways seeks Rs 80,000 crore in budgetary support, FY20 capex may be pegged around Rs 1.60 lakh crore

Railways seeks Rs 80,000 crore in budgetary support, FY20 capex may be pegged around Rs 1.60 lakh crore

Indian Railways, the mammoth public sector undertaking, has sought nearly Rs 80,000 crore under gross budgetary support for the next financial year starting April 1 but it may receive Rs 60,000-65,000 crore, sources familiar with the matter told CNBC-TV18.

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South Central Railway to run 'Winter Special' trains

South Central Railway to run 'Winter Special' trains

The Nanded division of the South Central Railway will run 'Winter Special' trains from next week onwards between Adilabad-Kollam and Kollam-Adilabad route so as to clear extra commuters' rush.

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Mumbai Rail Vikas Corporation to work on urban transport project designs

Mumbai Rail Vikas Corporation to work on urban transport project designs

With the state giving its nod to the Mumbai Urban Transport Project (MUTP) 3A on Wednesday, the Mumbai Rail Vikas Corporation (MRVC), the executing agency, will now start designing the projects.

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YESTERDAY'S HEADLINES

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