GOOD MORNING INDIA

March 21, 2019, Thursday

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

Captive coal miners surpass yearly target in 11 months

Captive coal miners surpass yearly target in 11 months

Captive coal miners have already produced 4.41 million tonnes more than their yearly target in the first eleven months of the current fiscal. They were asked to produce 40 million tonnes during the whole of 2018-19.

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Ray of hope for Ruias in Essar Steel bankruptcy; NCLAT says will make room if they pay dues

Ray of hope for Ruias in Essar Steel bankruptcy; NCLAT says will make room if they pay dues

The National Company Law Appellate Tribunal (NCLAT) on Thursday directed promoters of Essar Steel to pay their dues, as per the orders of the Supreme Court, saying it would then “make room for” them.

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PWC invites resolution plans for Essar Power MP on behalf of ICICI Bank

PWC invites resolution plans for Essar Power MP on behalf of ICICI Bank

PwC on Thursday invited resolution plans from prospective bidders for Essar Power MP on behalf of its lead lender, ICICI Bank. The power asset owes its consortium of lenders around Rs 5,300 crore.

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ArcelorMittal’s Rs 42,000 cr for Essar Steel: Distribute equitably among creditors, others, advises NCLAT

ArcelorMittal’s Rs 42,000 cr for Essar Steel: Distribute equitably among creditors, others, advises NCLAT

The National Company Law Tribunal (NCLT) has advised Essar Steel’s committee of creditors (CoC) and resolution professional (RP) to consider a judicious distribution of Rs 42,000 crore among financial creditors (FC) and other stakeholders as part of its ruling on the various petitions related to Essar Steel

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CIL lines up 3rd auction for supply contract

CIL lines up 3rd auction for supply contract

Coal India will hold a third round of auctions for giving out longterm fuel supply contracts under Shakti B(ii) where participants of the first round would be eligible to bid. They are, however, barred from the second round which will be held soon, a government official clarified.

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Modi government's Power Tariff Policy faces delays in India

Modi government's Power Tariff Policy faces delays in India

The Modi government vision to being 24*7 electricity in all parts of India through Power Tariff Policy has now been delayed. Watch full video to know more.

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Govt may receive Rs 2600 cr more from Coal India as second interim dividend

Govt may receive Rs 2600 cr more from Coal India as second interim dividend

After receiving more than Rs 11,500 crore from Coal India, the centre is further expected to receive around Rs. 2,600 crore more from this Maharatna company after the mining mammoth has decided to offer its second round of interim dividend at Rs. 5.85 per share.

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Coal India declares second interim dividend for FY19; all you need to know

Coal India declares second interim dividend for FY19; all you need to know

Coal India on Thursday declared second interim dividend for FY19 at Rs 5.85 per share. The date of payment of dividend is on and from March 29 this year, the state-run company said in a regulatory filing.

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Oil prices stable, supported by signs of emerging supply deficit

Oil prices stable, supported by signs of emerging supply deficit

Oil prices were steady on Friday, supported as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019.

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Reliance Industries to sell East-West Pipeline to Brookfield for Rs 13,000 crore

Reliance Industries to sell East-West Pipeline to Brookfield for Rs 13,000 crore

Reliance Industries Ltd (RIL) on Thursday said Brookfield-sponsored India Infrastructure Trust (InvIT) would acquire East-West Pipeline for Rs 13,000 crore. As part of the transaction, InvIT will acquire 100 per cent equity interest in Pipeline Infrastructure Private Limited (PIPL), which owns and operates the pipeline.

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India's Petronet expects to boost LNG imports up to 15 percent in fiscal year 2019

India's Petronet expects to boost LNG imports up to 15 percent in fiscal year 2019

India’s leading gas importer Petronet LNG expects its liquefied natural gas (LNG) imports to rise by up to 15 percent this fiscal year from a year ago once an expansion at its largest terminal is completed, the company’s top official said on Thursday.

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Govt panel wanted to ‘transfer’ ONGC’s Mumbai High, 8 other big fields to pvt sector

Govt panel wanted to ‘transfer’ ONGC’s Mumbai High, 8 other big fields to pvt sector

For the second time in its history, India’s flagship oil and gas field, Mumbai High faced the prospect of being hived off to private entities but were spared from being put under the hammer after basic premise of the proposal was questioned by a section of the government.

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Cooking gas, CNG prices may increase in April; here's why

Cooking gas, CNG prices may increase in April; here's why

The price of natural gas price may go up by as much as 18% from April 2019, according to CARE Ratings' report. This could lead to a definitive rise in prices for domestic cooking gas bill and auto CNG prices.

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India's Oil Imports From Iran Slump 60% In February: Report

India's Oil Imports From Iran Slump 60% In February: Report

India's oil imports from Iran in February plunged by over 60 per cent from a year ago to about 260,000 barrels per day (bpd) as New Delhi cuts imports under a sanctions waiver deal with Washington, data compiled by Reuters showed.

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6 killed in Mumbai bridge collapse, cops book BMC and railway officials for negligence

6 killed in Mumbai bridge collapse, cops book BMC and railway officials for negligence

In yet another bridge collapse near the city’s suburban railway stations, the nodal foot over-bridge at the northern end of Chhatrapati Shivaji Maharaj Terminus (CSMT) came crashing down on Thursday evening. Six commuters were killed and at least 34 injured. The number of casualties is expected to rise.

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At 180 kmph Vande Bharat is India's fastest train. Here's top 10 fastest trains in India

Railways to run 52 summer special trains on Mumbai-Goa route

The Central Railway (CR) on Thursday announced it will run 52 special trains between Mumbai and Karmali in Goa and Sawantwadi in Maharashtra to clear the extra rush of passengers during the summer season.

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Western Railways raises red flag for second Mumbai AC local

Western Railways raises red flag for second Mumbai AC local

Trials have begun of the second air-conditioned (AC) local train between Churchgate and Virar railway stations on Western Railway (WR). The trials began last week and are likely to be conducted till the end of May.

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Indian Railways takes comprehensive steps to curb river pollution in Manipur

Indian Railways takes comprehensive steps to curb river pollution in Manipur

In a major step towards preventing the Ijei River from pollution during the construction of a railway line, the Indian Railway has come up with a unique initiative to produce bricks from the waste soil that is usually being dumped in the river during construction.

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Reliance Infrastructure to sell entire stake in Delhi-Agra Toll Road to Cube Highways for Rs 3,600 crore

Reliance Infrastructure to sell entire stake in Delhi-Agra Toll Road to Cube Highways for Rs 3,600 crore

Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore.

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At 180 kmph Vande Bharat is India's fastest train. Here's top 10 fastest trains in India

Indian Railways is one of the oldest and biggest train networks in the world. It is the bloodline that connects the country across vast geographic spread, cultural lines, language borders and political boundaries.

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