March,25,2019,Monday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN POWER/COAL/MINES/RE SECTOR

LATEST NEWS

Internal Accruals To Fund $8-bn Investment In Various Verticals: Vedanta

Internal Accruals To Fund $8-bn Investment In Various Verticals: Vedanta

Vedanta’s proposed $8-billion (Rs 560-billion) investment in various verticals will largely be financed through “internal accruals”, with the metals and mining major expecting a four- to five-fold jump in its margins in the next three years.

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MOST NOTABLE STORIES OF THE WEEK

WCL to augment coal despatches from mines

WCL to augment coal despatches from mines

In order to give a boost to coal despatches for its consumers, Western Coalfields Limited will be augmenting and maximising coal despatches from WCL mines through rail, road and other modes.

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Opinion | Govt missing the big picture in its electric vehicle policy

Opinion | Govt missing the big picture in its electric vehicle policy

On December 14, the government announced measures aimed at boosting the production of electric vehicles. It announced a policy for the rollout of electric vehicle charging infrastructure.

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PFC allays investor fears, says REC acquisition deal size not finalised yet

PFC allays investor fears, says REC acquisition deal size not finalised yet

Allaying investors' concerns over acquisition of the government's stake in REC, Power Finance Corporation (PFC) Thursday said it has not yet decided on definitive pricing of the deal and its impact cannot be assessed at this stage

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HC seeks report on energy firm erecting HT line on patta land

HC seeks report on energy firm erecting HT line on patta land

The Madurai bench of Madras high court has directed the police and Tangedco authorities in Ramanathapuram district to submit a report by January 3 in response to a petition urging the authorities to restrain a Mumbai-based energy

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India's coal production: What's in store for 2019?

India's coal production: What's in store for 2019?

The government is hopeful of higher output in the next year from already allocated mines and plans to further allot 10 mines to state-run behemoth Coal India Ltd (CIL) in 2019. With the power production having increased in the last few years, the demand for coal has gone up.

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Vedanta Resources draws up $4-billion plan for Electrosteel Steels

Vedanta Resources draws up $4-billion plan for Electrosteel Steels

Diversified metals and mining major Vedanta Resources plans to pump about $4 billion into newly acquired Electrosteel Steels to scale up its capacity from the existing 1.5 million tonne per annum to 7 mtpa in the coming years.

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SC Coal block allocation decision Impact on Nagpur : Padmesh Gupta

SC Coal block allocation decision Impact on Nagpur : Padmesh Gupta

Nagpur, is famous for its oranges & soya wine, but apart from this, Nagpur city has carved a niche in energy production as well. It is main coal producing district of the country.

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Sterlite Power Announces Financial Closure of Arcoverde Project

Sterlite Power Announces Financial Closure of Arcoverde Project

Construction activities are being executed with a view to achieve ahead of schedule commissioning Sterlite Power, a global power transmission company announced the financial closure of their Arcoverde project in Brazil.

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