GOOD MORNING INDIA

March 21, 2019, Thursday

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

Coal scam: Naveen Jindal gets exemption from personal appearance to contest election

Coal scam: Naveen Jindal gets exemption from personal appearance to contest election

Congress leader and industrialist Naveen Jindal, an accused in two coal scam cases, was Wednesday granted exemption from personal appearance till June 30 by a Delhi court on the ground that he will contest the Lok Sabha elections.

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India, US Agree To Build 6 American Nuclear Power Plants In India

India, US Agree To Build 6 American Nuclear Power Plants In India

The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six U.S. nuclear power plants in India, the two countries said in a joint statement.

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Captive Power Plants May Face The Heat In Election Year

Captive Power Plants May Face The Heat In Election Year

The captive power plants are sweating ahead of the summer which coincides with the general election. The Central Electricity Authority had forecast the energy requirement to grow 6.5 percent to 1,337 billion units in the ongoing financial year after a jump of 6 percent in 2017-18.

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These states continue cheap electricity tariffs despite failing to meet UDAY targets

These states continue cheap electricity tariffs despite failing to meet UDAY targets

Despite a big slippage on meeting the operational goals set under the UDAY scheme in FY19 and the Union power ministry repeatedly flagging inadequate tariff hikes as one of the reasons behind state electricity boards’ (SEBs) weak financial health

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PFC, REC merger may leave discoms with higher-than-usual dues on books

PFC, REC merger may leave discoms with higher-than-usual dues on books

The merger of two leading government-owned financers of the power sector will have a negative effect on the borrowings of the beleaguered state-owned power distribution companies, claim power generators.

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NCLAT to hear Essar promoters' plea against ArcelorMittal plan on Thursday

NCLAT to hear Essar promoters' plea against ArcelorMittal plan on Thursday

The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition moved by promoters of Essar Steel India Limited against the National Company Law Tribunal (NCLT) Ahmedabad’s judgement approving ArcelorMittal’s resolution plan for debt-laden Essar Steel.

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Gujarat: Major fire breaks out at ONGC oil well, one dead

Gujarat: Major fire breaks out at ONGC oil well, one dead

A major fire broke out at an oil well operated by Oil and Natural Gas Corporation (ONGC) at Devdi village near Geratpur in Ahmedabad late on Wednesday evening, said officials of the Ahmedabad Fire and Emergency Services (AFES).

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India Seen Raising Domestic Natural Gas Price To Over Three-Year High: BQ Survey

India Seen Raising Domestic Natural Gas Price To Over Three-Year High: BQ Survey

India is expected to hike prices of domestic natural gas for the fourth time in a row, according to a survey conducted by BloombergQuint, in what will boost the earnings of the fuel’s producers.

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Oil edges higher, holds near 4-month top on supply cuts

Oil edges higher, holds near 4-month top on supply cuts

Oil prices nudged higher on Thursday to sit just off a four-month high reached in the previous session as investors focused on global production cuts and supply disruptions in Venezuela.

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U.S. aims to cut Iran oil exports to under 1 million bpd from May - sources

U.S. aims to cut Iran oil exports to under 1 million bpd from May - sources

The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid U.S. sanctions, two sources familiar with the matter told Reuters.

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India's Gail CEO calls for more flexibility in U.S. LNG contracts

India's Gail CEO calls for more flexibility in U.S. LNG contracts

Gail India called on U.S. liquefied natural gas (LNG) producers to offer more flexibility contract terms as the state-owned gas distribution gas company hunts for supplies from the middle of the next decade

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Iran's oil tanker fleet being squeezed as sanctions bite

Iran's oil tanker fleet being squeezed as sanctions bite

Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.

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Facing Revenue Shortfall, Government Pushes IOC, ONGC To Pay 2nd Interim Dividend

Facing Revenue Shortfall, Government Pushes IOC, ONGC To Pay 2nd Interim Dividend

Grappling a shortfall in tax revenues, the government has pressed cash-rich PSUs like Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) to pay a second interim dividend for the current fiscal after seeking regulatory nods.

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Reliance halts diluents export to Venezuela, not raised oil buying

Reliance halts diluents export to Venezuela, not raised oil buying

India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, said on Wednesday it had halted supply of diluents to Venezuela’s national oil company PDVSA and will not resume such sales until sanctions are lifted.

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RIL will have to pay more to supply KG-D6 gas to customers; regulator OKs transport price hike

RIL will have to pay more to supply KG-D6 gas to customers; regulator OKs transport price hike

Oil regulator PNGRB has approved a 37 per cent rise in tariff from April 1 for the pipeline that transports Reliance Industries’ eastern offshore KG-D6 gas to customers.

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India's oil refiners are well positioned ahead of IMO 2020

India's oil refiners are well positioned ahead of IMO 2020

The move by the International Maritime Organization (IMO) to introduce a 0.5 per cent sulfur limit on fuel oil from January 2020 poses the largest and most disruptive change that the shipping and oil refining industry have had to face.

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IRCTC e-ticket booking: THESE users won't be able to book Indian Railways train tickets

IRCTC e-ticket booking: THESE users won't be able to book Indian Railways train tickets

With the facility of IRCTC e-ticketing website, individuals can book train tickets, hotels, Indian Railways-led trips, tatkal tickets, modify/cancel the tickets without going to the ticket counters.

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Season tickets facility extended by 10 km

Season tickets facility extended by 10 km

South Central Railway (SCR) has extended the facility of issuing season tickets for a distance up to 160 km between selected pair of stations, up from 150 km, following the latest directive from the Railway Board. The following popular 12 pairs of destinations for issuing season tickets are:

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Indian Railways: Several trains cancelled on March 15, 16; new train introduced for Hazur Sahib Nanded

Indian Railways: Several trains cancelled on March 15, 16; new train introduced for Hazur Sahib Nanded

In order to strengthen the infrastructure of Indian Railways, Delhi Division of Northern Railway will be taking Mega Traffic Block of 8 hours for the provision of 12 Limited Height Subways on Delhi-Shamli-Saharanpur section on 16.03.2019

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Pune-Satara road project: Reliance Infra seeks another extension as villagers now want underpass width to be increased

Pune-Satara road project: Reliance Infra seeks another extension as villagers now want underpass width to be increased

Pune Nine years gone and the 140-km stretch of the Pune-Satara highway is still incomplete, with contractor, Reliance Infra, seeking yet another extension till June 30, with the existing deadline ending on March 31.

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Holi special trains: Indian Railways all set to cater to extra rush this festival season; see train list here

Holi special trains: Indian Railways all set to cater to extra rush this festival season; see train list here

Holi special trains: Are you planning to visit your family or friends during this Holi festival? If yes, then you would be glad to that Indian Railways is operating several Holi special trains.

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