GOOD MORNING INDIA

February 23, 2019, Saturday

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

Fund raising mode: PFC to borrow Rs 14,000 crore to fund REC buy

Fund raising mode: PFC to borrow Rs 14,000 crore to fund REC buy

State-run Power Finance Corporation (PFC) will borrow nearly Rs 14,000 crore to fund its acquisition of the Centre’s 52.63% stake in Rural Electrification Corporation (REC) by February 15, before the government goes in the election mode, a senior official told FE.

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Standalone power plants to be allowed to qualify as SEZs; Adani Power to benefit from move

Standalone power plants to be allowed to qualify as SEZs; Adani Power to benefit from move

Standalone power plants dedicated to exports can now qualify as special economic zones (SEZs) and be eligible for all tax sops as the Board of Approval for SEZs has approved a Department of Commerce proposal to amend existing rules which disallow it.

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PSPCL attains top spot in digital transactions

PSPCL attains top spot in digital transactions

Punjab State Power Corporation Limited (PSPCL) has once again topped in the digital transaction segment among all power utilities in the country. This was disclosed by Baldev Singh Sran, CMD, PSPCL.

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NTPC tenders 15 MW floating solar project in Himachal Pradesh

NTPC tenders 15 MW floating solar project in Himachal Pradesh

State-owned electricity generator NTPC has invited solar power developers to develop 15 MW floating solar PV capacity at its Koldam Hydroelectric Power Project in Bilaspur district of Himachal Pradesh.

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Gujarat government suggests wind park to accommodate central developers

Gujarat government suggests wind park to accommodate central developers

The Gujarat government is considering a proposal to give land for centrally-sanctioned wind projects on the condition that the winning developers set up projects at the site decided by the state government—a sort of wind park.

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Hero Future in talks to buy Fotowatio’s solar project in India

Hero Future in talks to buy Fotowatio’s solar project in India

Hero Future Energies Pvt. Ltd is in talks to acquire Fotowatio Renewable Ventures’s 135 megawatt (MW) solar power project in India, two people aware of the development said. Owned by Abdul Latif Jameel Energy

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HyET Solar eyes manufacturing 300 MW solar panels in India

HyET Solar eyes manufacturing 300 MW solar panels in India

Dutch foldable solar panel-maker HyET Solar BV seeks to “Make In India” and is eyeing partnerships with existing solar panel makers and a polymer-maker, commercial director of the company Pieter Veltman said.

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IL&FS says unable to meet interest payment obligation

IL&FS says unable to meet interest payment obligation

Infrastructure Leasing & Financial Services Ltd (IL&FS) on Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19.

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Petrol and diesel prices revised in Delhi and Mumbai. Check out the latest rates

Petrol and diesel prices revised in Delhi and Mumbai. Check out the latest rates

Petrol and diesel prices witnessed another hike across the country on Friday. After a marginal hike of 0.08 paisa, petrol was being sold for Rs 70.55 per litre in the national capital, while diesel price stood at Rs 64.97 per litre after an increase of 19 paisa.

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RIL first Indian private firm to post Rs 10,000 crore quarterly profit; 10 takeaways from Q3 earnings

RIL first Indian private firm to post Rs 10,000 crore quarterly profit; 10 takeaways from Q3 earnings

Reliance Industries (RIL ) on Thursday put up a solid Q3 show by becoming the first Indian private firm to cross Rs 10,000 crore quarterly profit milestone, on the back of an all-round performance by petrochemicals, retail and digital services.

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GAIL plans to terminate Rs 270 crore IL&FS contract

GAIL plans to terminate Rs 270 crore IL&FS contract

GAIL is planning to terminate Rs 270 crore pipe laying contracts it awarded IL&FS last year as the financially-troubled contractor is unable to make progress, delaying the Prime Minister’s pet pipeline project that would take natural gas

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Nitin Gadkari says crude oil import costing India Rs 7 lakh crore, calls for shift to alternative fuels

Nitin Gadkari says crude oil import costing India Rs 7 lakh crore, calls for shift to alternative fuels

Union Minister for Transport Nitin Gadkari on Thursday stressed the importance of moving towards the alternative fuels like methanol, ethanol and electric and said that it will reduce the dependency on fossil fuels costs less.

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Meeting on Puthuvype LPG plant postponed

Meeting on Puthuvype LPG plant postponed

The crucial meeting to discuss about the future of the proposed LPG plant in Puthuvype was postponed as elected people’s representatives couldn’t attend as they were busy with their assembly committee meetings

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EV biz to be decided after large-scale demand, says Sanjiv Singh of IOC

EV biz to be decided after large-scale demand, says Sanjiv Singh of IOC

Sanjiv Singh, chairman, Indian Oil Corporation (IOC), during a candid chat with Anurag Shah of Zee Business, talks about the outlook on crude prices, marketing margins of IOC amid volatility, inventory losses and capital expenditure, among others. Edited Excerpts:

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Telangana RTC to have 113 fuel bunks

Telangana RTC to have 113 fuel bunks

Telangana State Road Transport Corporation will have 113 petrol and diesel bunks in the State by the end of December 2019. Initiating the process of constructing petrol bunks in vacant RTC lands for better revenue,

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Indian Railways introduces new Mumbai–Delhi bi-weekly Rajdhani Express via Bhopal! Route, timing details here

Indian Railways introduces new Mumbai–Delhi bi-weekly Rajdhani Express via Bhopal! Route, timing details here

Indian Railways introduces new Rajdhani Express between Mumbai and Delhi via Bhopal! In line with Railway Minister Piyush Goyal’s announcement a few days ago, Indian Railways is introducing a new Rajdhani Express

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Railways Doubles Running Allowances Of Loco Pilots, Guards

Railways Doubles Running Allowances Of Loco Pilots, Guards

The railways has decided to more than double the running allowance of its guards, loco pilots and assistant loco pilots, thereby accepting a long-pending demand of employees' unions.

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Gadkari approves 155-km long 6-lane NH to decongest Delhi

Gadkari approves 155-km long 6-lane NH to decongest Delhi

The BJP on Thursday said that Union Minister of Road Transport and Highways Nitin Gadkari has given approval for six lane NH 709-B of 155 km connecting Baghpat, Shyamli, Saharanpur

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NHIDCL terminates IL&FS' contract for Zojila tunnel project

NHIDCL terminates IL&FS' contract for Zojila tunnel project

State-owned National Highways & Infrastructure Development Corporation Limited (NHIDCL) has terminated the contract awarded to troubled IL&FS group for building the strategic Zojila tunnel to provide all-weather connectivity

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Mumbai Metro Having The Time Of Its Life: Clocks Record Ridership Thanks To Erstwhile BEST Strike

Mumbai Metro One’ on 11 January recorded the highest weekday ridership of 5.2 Lakh. The surge came in part due to the Brihanmumbai Electricity Supply and Transport’s (BEST) strike from 8 January to 16 January.

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YESTERDAY'S HEADLINES

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