GOOD MORNING INDIA

March 21, 2019, Thursday

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

Trial run of Ukkadam solar power plant on

Trial run of Ukkadam solar power plant on

The city corporation has commenced the month-long trial run of solar power plant at Ukkadam. The plant would be inaugurated shortly after the trail period.

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NCLAT extends deadline for Essar Steel order to February 19

NCLAT extends deadline for Essar Steel order to February 19

The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted a week more to NCLT Ahmedabad to decide over the `42,000-crore resolution plan submitted by ArcelorMittal for the bankrupt Essar Steel.

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AES Sees $50 Billion Opportunity in Indian Energy Storage

AES Sees $50 Billion Opportunity in Indian Energy Storage

India is presenting a potential investment opportunity of $50 billion in battery storage facilities that could help integrate renewable energy into the grid, replace polluting diesel-fueled power and boost electric mobility, the head of American energy firm AES Corp. said.

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JBVNL’s power tariff hike proposal faces resistance

JBVNL’s power tariff hike proposal faces resistance

The proposal of Jharkhand Bijli Vitran Nigam Limited (JBVNL) for equal tariff in rural and urban areas apart from raising the rates for both domestic and industrial supplies faced severe opposition during the discom’s public hearing on grievances on Tuesday.

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Central thermal power plants top private IPPs, state utilities in PLF

Central thermal power plants top private IPPs, state utilities in PLF

Riding on spike in electricity demand, the central sector thermal power producers made steady gains in their Plant Load Factor (PLF), operating at higher load than the state owned generation utilities and the private Independent Power Producers (IPPs).

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Coal India Q3 profit surges 50 pct on higher production

Coal India Q3 profit surges 50 pct on higher production

Coal India Ltd, the world’s biggest coal miner, reported a 50.1 percent jump in third-quarter profit on Tuesday as it benefited from higher coal production.

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JSW Steel gets the letter of intent for Bhushan Power & Steel

JSW Steel gets the letter of intent for Bhushan Power & Steel

Bhushan Power & Steel, one of the 12 cases mandated by the Reserve Bank of India to be resolved under the Insolvency and Bankrutcy Code (IBC) has got a leg-up with the letter of intent (LOI) of being issued in JSW Steel's favour.

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Reliance Power asks Sebi to immediately ban Edelweiss Group from capital mkts

Reliance Power asks Sebi to immediately ban Edelweiss Group from capital mkts

Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price.

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Govt may cancel 50 GW coal-based power projects; additional 46 GW facing risk: S&P Global

Govt may cancel 50 GW coal-based power projects; additional 46 GW facing risk: S&P Global

The Indian government might cancel about 50 gigawatt (GW) of coal-based power projects in the near future, according to S&P Global Platts. An additional 46 GW coal-based capacity, currently under construction, is also at risk.

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Petrol, diesel prices remain unchanged on Wednesday, check prices in your city here

Petrol, diesel prices remain unchanged on Wednesday, check prices in your city here

Petrol and diesel prices remain unchanged on Wednesday for the second consecutive day across major cities following hikes on Monday. In national capital Delhi, a litre of petrol cost Rs 70.33 while diesel was retailing at Rs 65.62 a litre, no change compared to Monday’s price.

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Venezuela turns to India as sanctions cut oil flow to U.S., Europe

Venezuela turns to India as sanctions cut oil flow to U.S., Europe

Corrects headline and first two paragraphs to specify Venezuela turns to India, not Asia, for oil exports. Also corrects paragraphs 5 stating Venezuelan oil is heading to India, China, Singapore, Malaysia and Japan, to clarify that the final destination of these shipments is not yet clear.)

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Bombay High Court rejects Reliance Naval plea against ONGC

Bombay High Court rejects Reliance Naval plea against ONGC

The Bombay High Court has refused to grant relief to Reliance Naval Engineering (RNEL) in a dispute with state-owned Oil & Natural Gas Corporation (ONGC) and directed the Anil Ambani-controlled company to approach the arbitral tribunal to resolve the matter.

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Around 100 oil and gas fields could go up for private auction

Around 100 oil and gas fields could go up for private auction

The National Democratic Alliance (NDA) government is considering a proposal by a high-level committee to take away 97 oil and gas fields being explored by the Oil and Natural Gas Corporation Ltd (ONGC) and Oil India Ltd

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Nayara in talks with Adani Gas, IGL, MGL for selling CNG at their outlets

Nayara in talks with Adani Gas, IGL, MGL for selling CNG at their outlets

India's largest private fuel retail company Nayara Energy Ltd (NEL) is in talks with city gas distributions majors like Adani Gas, Indraprastha Gas and Mahanagar Gas to offer sales of compressed natural gas at their outlets.

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India unleashing landmark policy reforms, recalls a nostalgic Ram Naik

India unleashing landmark policy reforms, recalls a nostalgic Ram Naik

India has unleashed landmark policy reforms in the oil and gas sector with a view to raising domestic output and cut imports, at the same time making a smooth transition to cleaner fuels, Uttar Pradesh Governor Ram Naik said Tuesday.

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Ahead of India visit, Saudi prince to sign deals worth $12 billion in pakistan

Ahead of India visit, Saudi prince to sign deals worth $12 billion in pakistan

The first state visit by Saudi crown prince, Mohammed bin Salman to India on 19-20 comes with a promise of new investment, but despite growing bilateral ties, India remains “hyphenated” with Pakistan.

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Petrotech 2019: Oil companies’ heads underplay business risk from EVs, renewables

Petrotech 2019: Oil companies’ heads underplay business risk from EVs, renewables

The heads of large Indian public sector oil and gas companies have spoken in unison to downplay the business risk posed by the rapid rise of electric vehicles and renewables. The two latest disruptions of the energy industry

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India's January inflation pace drops; RBI could cut rates again

India's January inflation pace drops; RBI could cut rates again

Annual retail inflation in January rose 2.05 percent, its slowest pace since June 2017, government data showed on Tuesday. Economists in a Reuters poll predicted retail inflation would edge up to 2.48 percent in January from the downward revised December figure of 2.11 percent.

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Exhibition held in Mumbai to pay homage to Indian Railways

Exhibition held in Mumbai to pay homage to Indian Railways

As an act of upholding the heritage of the railways of the past, Western Railways organised an exhibition in Mumbai on Tuesday. Visitors and especially school children flocked to see the exhibition which had heritage stations

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Muffins, doughnuts for breakfast, and five-star dinner on Train 18

Muffins, doughnuts for breakfast, and five-star dinner on Train 18

Muffins and donuts for breakfast, a piping-hot lunch from an upmarket restaurant in Allahabad and a five-star dinner from a hotel in Kanpur – that’s how the Delhi-Varanasi Train 18, to be launched by Prime Minister Narendra Modi on February 15, plans to tickle the taste buds of passengers.

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Rlys’ station development arm considers ₹ 600 cr to award projects

Rlys’ station development arm considers ₹ 600 cr to award projects

Indian Railway Station Development Corporation (IRSDC) -- which has been made the nodal agency for redeveloping stations – is likely to get a loan of ₹ 600 crore from Indian Railway Finance Corporation (IRFC).

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After feedback, Railways reduces ticket prices of India’s fastest Train 18

After feedback, Railways reduces ticket prices of India’s fastest Train 18

The railways Tuesday rationalised the proposed ticket prices for the Train 18, reducing the AC chair car fare to Rs 1,760 from Rs 1,850 and the executive class fare to Rs 3,310 from Rs 3,520 for a Delhi-Varanasi trip, an official order said.

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CR to start trial runs on Mum-Pune, Mum-Nashik routes in March

CR to start trial runs on Mum-Pune, Mum-Nashik routes in March

Central Railway (CR) is hopeful to start conducting trial runs of EMU rakes on Mumbai-Pune and Mumbai-Nashik routes from next month, officials said Tuesday.

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YESTERDAY'S HEADLINES

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