GOOD EVENING INDIA

March 25, 2019, Monday

Your Evening News Updates From Across The Media Space

Power Finance Corp not to extend open offer to REC's minority holders

Power Finance Corp not to extend open offer to REC's minority holders

India's Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.

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REC acquisition not to have negative impact on PFC financials: Rajeev Sharma

REC acquisition not to have negative impact on PFC financials: Rajeev Sharma

I do not see negative impact on my financials. Very recently, we have received approval from Reserve Bank of India also. So, all regulatory approvals are in place for this deal.

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NHPC issues Rs 1,500 crore bonds

NHPC issues Rs 1,500 crore bonds

Sate-owned hydro power generator NHPC Ltd today announced it has issued secured, redeemable, non-cumulative, non-convertible, taxable X Series bonds on private placement basis with an issue size of Rs 1,500 crore.

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UP Assy: 60 lakh power connections given in 6 months, says Minister

UP Assy: 60 lakh power connections given in 6 months, says Minister

Uttar Pradesh government informed the state Assembly on Monday that 60 lakh new power connections have been given to the consumers in the state just in the past six months.

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Lowest bid in SECI’s tranche-VI wind auction hits INR 2.82/kWh - report

Lowest bid in SECI’s tranche-VI wind auction hits INR 2.82/kWh - report

A wind power auction in India targeting 1.2 GW of projects has received bids as low as INR 2.82 (USD 0.039/EUR 0.035) per kWh, Mercom Capital reports.

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Andhra power distribution firm to bear Rs 27.5 cr additional burden annually

Andhra power distribution firm to bear Rs 27.5 cr additional burden annually

Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) has estimated that it will have to bear an additional burden of nearly Rs 27.53 crore to provide nine hours of free power supply to all 28,056 eligible farmers in Visakhapatnam district,

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Tuticorin Sterlite plant case: SC sets aside NGT order allowing reopening of plant, asks Vedanta to approach HC

Tuticorin Sterlite plant case: SC sets aside NGT order allowing reopening of plant, asks Vedanta to approach HC

The Supreme Court on Monday refused to allow the reopening of Vedanta’s Sterlite plant in Tuticorin in Tamil Nadu but granted it the liberty to approach the High Court for relief. A bench headed by Justice R F Nariman said

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No Road Tax, Registration Cost, Free Charging and more for Electric Cars, Hybrids! More on FAME 2

No Road Tax, Registration Cost, Free Charging and more for Electric Cars, Hybrids! More on FAME 2

The second phase of the FAME 2 scheme that is expected to drive the government's mission to have 25% per cent of all vehicles sold in 2030 to be electric. The second phase of the Faster Adoption and Manufacture of Electric Vehicles

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Transportation of coal a major hurdle in cutting down cost of power generation’

Transportation of coal a major hurdle in cutting down cost of power generation’

While there is no respite on prices of coal, considering transportation cost from mines to Nashik Thermal Power Station (NTPS), extensive work on managing the cost of auxiliary inputs has helped the administration to bring down the cost of electricity generation. Umakant Nikhare, chief engineer, NTPS, Mahagenco,

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Indian oil refiner BPCL buys gasoline cargo for March in rare move

Indian oil refiner BPCL buys gasoline cargo for March in rare move

India’s Bharat Petroleum Corp Ltd has bought a gasoline cargo for first-half March arrival, two trade sources said on Monday. BPCL bought late last week 35,000 tonnes of 91.5-octane gasoline at a low single-digit premium to Singapore quotes on a cost-and-freight (C&F) basis, said the sources.

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Punjab budget: Petrol, diesel rates slashed

Punjab budget: Petrol, diesel rates slashed

The Punjab government on Monday slashed the rates of petrol and diesel by Rs 5 and Re 1, respectively in the annual budget presented for the state. The reduced rates will be applicable from midnight, Finance Minister Manpreet Singh Badal said.

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Essar Oil and Gas mulling $1 bn investment to tap shale resources in West Bengal block

Essar Oil and Gas mulling $1 bn investment to tap shale resources in West Bengal block

Ruia brothers-owned Essar Oil and Gas Exploration and Production (EOGEPL) is planning to exploit prospective 7.7 Trillion Cubic Feet (Tcf) of shale resources from its flagship Raniganj East block at a cost of $1 billion, Chief Executive Officer Vilas Tawde told ETEnergyworld.

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Indian Oil buys commissioning cargo of LNG for new Ennore terminal

Indian Oil buys commissioning cargo of LNG for new Ennore terminal

Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, three industry sources said on Monday.

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Venezuelan oil finds home in India as US shuns shipments

Venezuelan oil finds home in India as US shuns shipments

India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. While flows to the U.S. came to a halt, India became the No. 1 buyer of Venezuelan crude

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Indian Oil signs first annual deal to buy up to 3 mln T U.S. oil

Indian Oil signs first annual deal to buy up to 3 mln T U.S. oil

Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy up to 3 million tonnes or 60,000 barrels per day of U.S. oil, its chairman Sanjiv Singh said on Monday.

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PM Modi Inaugurates Phase One Of East India Pipe

PM Modi Inaugurates Phase One Of East India Pipe

The 2,650 km-long gas pipeline project will pass through the eastern Indian states of Uttar Pradesh, Bihar, Jharkhand, West Bengal and Odish

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Petrol, diesel prices edge up across all cities. Check rates here

Petrol, diesel prices edge up across all cities. Check rates here

Petrol and diesel prices rose for the fifth consecutive session on Monday, up by almost 13paise and 15 paise, respectively, across all major cities. Petrol prices in Mumbai stood at Rs 76.54 a litre, while diesel was at Rs 69.23 per litre.

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JSL Lifestyle launches first dedicated facility for Railways

JSL Lifestyle launches first dedicated facility for Railways

JSL Lifestyle, a subsidiary of Jindal Stainless Ltd has commissioned its first dedicated facility for Railways in Chennai. Spread over two acres in the industrial estate, Maraimalai Nagar, the new railway facility will supply high quality

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NDA government green-lighted 65% infra projects; activists sound red alert

NDA government green-lighted 65% infra projects; activists sound red alert

The current NDA government’s wildlife clearance rate was 65% (519 of 794), compared to 45.5% (260 of 571) of the previous UPA-II government, according to data from the ‘State of Environment 2019’ r

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Coming soon! Indian Railways to make engine-less luxury Rajdhani Express with sleeper version of Train 18

Coming soon! Indian Railways to make engine-less luxury Rajdhani Express with sleeper version of Train 18

Train 18: The engine-less Train 18, now called the Vande Bharat Express, will soon have a Rajdhani-style sleeper-class version for long-distance travel! With the self-propelled Vande Bharat Express being flagged off by PM Narendra Modi on February 15

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Delhi to Meerut in just 60 minutes! 10 must-know facts about new rapid rail corridor

Delhi to Meerut in just 60 minutes! 10 must-know facts about new rapid rail corridor

Delhi-Meerut Regional Rapid Transit System: In a big cheer for citizens of Delhi and NCR, the much-awaited regional rapid transit system (RRTS) will soon end all travel woes!

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Delhi Metro Magenta Line: Tired of too many announcements? Delhi Metro to regulate them from today

Delhi Metro Magenta Line: Tired of too many announcements? Delhi Metro to regulate them from today

Delhi Metro Magenta Line: Giving relief to Delhi Metro commuters from too many announcements, the audio announcements made inside metro trains on Magenta Line, connecting Janakpuri West in Delhi to Botanical Garden

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Namma Metro Link To Bengaluru International Airport: A 28-Station Route Being Planned From Silk Board To KIA

Namma Metro Link To Bengaluru International Airport: A 28-Station Route Being Planned From Silk Board To KIA

The Bangalore Metro Rail Corporation Limited (BMRCL) has set 2023 as the deadline for the 55-km line to Kempegowda International Airport (KIA), reports The Hindu.

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Delhi Metro Travel To Get Cheaper For Select Groups: Biometric Scans For Discounted Rides To Be Introduced

Delhi Metro Travel To Get Cheaper For Select Groups: Biometric Scans For Discounted Rides To Be Introduced

The Delhi Metro Rail Corporation (DMRC) has finally found a solution to ensure discounts on Metro travel for a select category of passengers. This will soon be implemented across the entire metro network in the National Capital Region (NCR).

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