GOOD EVENING INDIA

February 23, 2019, Saturday

Your Evening News Updates From Across The Media Space

NCLAT turns down Tata Steel's plea for Bhushan Power & Steel

NCLAT turns down Tata Steel's plea for Bhushan Power & Steel

The National Company Law Appellate Tribunal on February 4 turned down Tata Steel's request to consider its bid as the 'most legitimate" one for Bhushan Power & Steel.

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January spot power price rises 4 pc to Rs 3.33 per unit

January spot power price rises 4 pc to Rs 3.33 per unit

"The average Market Clearing Price (MCP) at Rs 3.33 per unit registered 4 per cent increase (in January) over Rs 3.20 per unit in same month last year (January 2018)," an IEX statement said.

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Reverse auction set to benefit stressed thermal power assets

Reverse auction set to benefit stressed thermal power assets

The recent decision of the ministry of power to procure 2.5 GW from operational coal- based power projects through reverse auction will give some relief to the already stressed thermal assets, a report said.

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Budget 2019: Allocation for solar power development seen flat at Rs 3,000 crore

Budget 2019: Allocation for solar power development seen flat at Rs 3,000 crore

The interim budget has allocated Rs 3,004.90 crore for development of solar power projects next financial year (2019-20) including both grid-interactive and off-grid and decentralized categories.

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EDF Renewables and SITAC Group sign pact for 300 Mw wind energy project in India

EDF Renewables and SITAC Group sign pact for 300 Mw wind energy project in India

North America headquartered EDF Renewables today announced its Indian arm has signed a long-term agreement to develop 300 Megawatt (Mw) of wind project in partnership with the UK-based SITAC Group.

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OTS for power defaulters fails to light up UPPCL

OTS for power defaulters fails to light up UPPCL

The Uttar Pradesh government’s much publicised one-time settlement (OTS) scheme offering defaulters the facility to get the interest on their bills waived by clearing all pending power dues may end up as a case of much ado about nothing.

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India issues draft rules to support offshore wind energy leasing

India issues draft rules to support offshore wind energy leasing

The Indian government has issued draft offshore wind energy lease rules for projects that will be developed within the country’s Exclusive Economic Zone (EEZ), proposing areas to be allocated through international competitive bidding only.

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NTPC to challenge Rs 2,000-crore arbitration award to Jindal ITF

NTPC to challenge Rs 2,000-crore arbitration award to Jindal ITF

State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments.

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Reliance Power intimates of RCom proposed DRP under NCLT proces

Reliance Power intimates of RCom proposed DRP under NCLT proces

Reliance Communications announced on 03 February 2019 that its management will propose a similar Debt Resolution Plan in the National Company Law Tribunal (NCLT) process, as was earlier being pursued outside NCLT.

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Mega projects worth of Rs. 11000 crores to be unveiled at Paradip by Dharmendra Pradhan, Nitin Gadkari, Jual Oram on 6th Feb

Mega projects worth of Rs. 11000 crores to be unveiled at Paradip by Dharmendra Pradhan, Nitin Gadkari, Jual Oram on 6th Feb

Series of mega projects of IndianOil and Paradip Port Trust are going to be unveiled on 6th February 2019 at Paradip. Minister for Tribal Affairs, Govt. of India Shri Jual Oram, Minister for Petroleum and Natural Gas and Skill

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India to host 2nd Edition of Asia LPG Summit on Feb 5-6: Country’s massive LPG reach out central to cleaner fuel access to over 90% of nation’s populace

India to host 2nd Edition of Asia LPG Summit on Feb 5-6: Country’s massive LPG reach out central to cleaner fuel access to over 90% of nation’s populace

India’s success story on ‘Ujjwala’ and other policy interventions that have significantly helped expand the usage of LPG as a safe cooking fuel will be a major talking point as delegates from across the globe come together in the

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India oil firms boost LPG infrastructure for rural households - secy

India oil firms boost LPG infrastructure for rural households - secy

Oil companies are boosting infrastructure to provide liquefied petroleum gas (LPG) to rural areas, M. M. Kutty, Secretary of the Ministry of Petroleum and Natural Gas, said on Monday

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Oil prices hit 2019 highs as sanctions against Venezuela, OPEC cuts bite

Oil prices hit 2019 highs as sanctions against Venezuela, OPEC cuts bite

Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela's petroleum industry tightened markets.

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Oil holds gains on signs of shale slowdown as OPEC output falls

Oil holds gains on signs of shale slowdown as OPEC output falls

Oil held gains near a two-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.

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The curious case of Russian oil deals that benefited Essar, hurt ONGC

The curious case of Russian oil deals that benefited Essar, hurt ONGC

When Russian President Vladimir Putin visited Delhi in December 2014, his camaraderie with Prime Minister Narendra Modi was widely noted. What received less attention were the curiously asymmetric deals that an oil

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Cairn India's investment in Anglo American met all governance standards: Vedanta

Cairn India's investment in Anglo American met all governance standards: Vedanta

Natural resources major Vedanta has clarified on Monday that Cairn's investment in Anglo American met all governance standards and was made on an arm's length basis and had been valued by an independent valuer and

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Janakpur-Jayanagar railway procurement process begins

Janakpur-Jayanagar railway procurement process begins

A procurement process has begun to materialise the government plan of launching the railway service from Kurtha of Janakpur to Jaynagar of India.

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Vande Bharat Express damaged again ahead of launch! Stones pelted at engine-less Train 18; what happened

Vande Bharat Express damaged again ahead of launch! Stones pelted at engine-less Train 18; what happened

Vande Bharat Express damaged again! India’s most awaited Vande Bharat Express, also called Train 18, has fallen prey to miscreants again! Recently, during its trial run, miscreants pelted stones on the new ‘Make in India’ semi high-speed train.

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Indian Railways’ 2 prominent stations in Delhi may undergo renovation in coming months; details here

Indian Railways’ 2 prominent stations in Delhi may undergo renovation in coming months; details here

Travelling from Delhi to get better with Indian Railways! The two prominent railway stations of the national capital i.e., the New Delhi railway station and the Old Delhi railway station may undergo some massive renovation over the next few months.

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Bengaluru: Boost To Suburban Rail Connectivity Between Whitefield-Banaswadi; DEMU Special Train Flagged Off

Bengaluru: Boost To Suburban Rail Connectivity Between Whitefield-Banaswadi; DEMU Special Train Flagged Off

The suburban rail connectivity between Banaswadi and Whitefield has received a boost following the introduction of a special DEMU train on Sunday (3 February), New Indian Express has reported.

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Delhi-Meerut rapid rail corridor gets a boost! Budget 2019 allocates Rs 1000 cr for Regional Rapid Transit

Delhi-Meerut rapid rail corridor gets a boost! Budget 2019 allocates Rs 1000 cr for Regional Rapid Transit

Union Budget 2019: As part of the Union Budget 2019, Modi government has allocated Rs 1000 crore to the National Capital Region Transport Corporation (NCRTC), which is responsible for implementing the country’s first Regional Rapid Transit System (RRTS) project.

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