GOOD MORNING INDIA

March 25, 2019, Monday

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

Coal stocks at power plants improve; Only 1 plant left with critical stock

Coal stocks at power plants improve; Only 1 plant left with critical stock

Coal stocks at power plants have improved considerably with the number of plants holding critical stocks is down to one from 33 in October.

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NCLAT supports rejection of Ruias’ Essar Steel offer

NCLAT supports rejection of Ruias’ Essar Steel offer

The National Company Law Appellate Tribunal (NCLAT) told Essar Steel Asia Holdings (ESAH) to withdraw its appeal against the rejection of its Rs 54,389-crore offer for Essar Steel, possibly making it harder for the Ruias to regain control of the asset.

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Lok Sabha Elections 2019: States to spend more to avoid power cuts during polls

Lok Sabha Elections 2019: States to spend more to avoid power cuts during polls

In the wake of the upcoming general elections to be held in April and May, states have started making arrangements to tie up power supply agreements on a short-term basis for these two months at prices much higher than they normally pay.

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Sterlite Copper appoints Pankaj Kumar as new CEO

Sterlite Copper appoints Pankaj Kumar as new CEO

Amid challenging times and legal tangles over its copper plant in southern India, Vedanta Group on Friday announced the appointment of Pankaj Kumar as the chief executive officer of Sterlite Copper with immediate effect, replacing P Ramnath.

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Coal production up 8% so far this fiscal

Coal production up 8% so far this fiscal

The production target for Coal India (CIL) was fixed at 610 million tonnes for the current fiscal. This target is likely to be missed as coal production during April-February was 527.70 mt.

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FinMin to take review meet on NPA recovery next week

FinMin to take review meet on NPA recovery next week

With little possibility of the two big ticket IBC cases -- Essar Steel and Bhushan Power and Steel -- happening this fiscal, the Department of Financial Services (DFS) will meet the PSU banks on March 18 to review the status of their non-performing assets (NPAs).

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Bolivia to join India led International Solar Alliance

Bolivia to join India led International Solar Alliance

Close on the heels of South American nation Paraguay’s decision to join the International Solar Alliance (ISA) soon, an initiative by India and France, aimed at combating the threats of climate change and global warming, another country of the region Bolivia will be joining too.

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NCLAT refuses to stay NCLT nod to ArcelorMittal resolution plan for Essar Steel

NCLAT refuses to stay NCLT nod to ArcelorMittal resolution plan for Essar Steel

The National Company Law Appellate Tribunal Friday refused to stay a bankruptcy court order approving steel giant ArcelorMittal's Rs 42,000 crore takeover bid for Essar Steel and sought a fresh plan for the distribution of bid amount between financial and operational creditors of the debt-laden firm.

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BSES gears up to meet Delhi's summer power demand

BSES gears up to meet Delhi's summer power demand

Peak power demand in Delhi this summer is expected to breach the 7,400 MW-mark and the two BSES distribution companies (discoms) in the capital have taken measures like long-term power purchase agreements (PPAs) and banking arrangements with various states, the BSES said on Friday.

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Fortum to power India's electric vehicles, plans 700 charging points

Fortum to power India's electric vehicles, plans 700 charging points

Fortum, one of the world's leading clean energy companies, is eyeing a signal role in powering a wide fleet of electric vehicles (EVs) on Indian roads. With a dominant presence in Nordic countries and the Baltic region

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Ajeet Agarwal appointed new Chairman and Managing Director of REC

Ajeet Agarwal appointed new Chairman and Managing Director of REC

State-owned power sector financier Rural Electrification Corporation (REC) today announced the government has assigned additional charge of the post of Chairman and Managing Director (CMD) of the company to Ajeet Agarwal with effect from March 6, 2019.

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Can’t migrate to PNG at short notice, says Bhiwadi industry

Can’t migrate to PNG at short notice, says Bhiwadi industry

Rajasthan pollution control board’s public notice on March 2 to industrial units in Bhiwadi that they must shift to piped natural gas (PNG) by March 31, 2019 is unlikely to yield any result as not only the time window

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Oil Prices: Crude closes near 4-month high after second straight weekly gain

Oil Prices: Crude closes near 4-month high after second straight weekly gain

Oil gained for a second straight week as OPEC assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend.

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Oil Prices Could Range Between $60 to $80 Over the Next Year

Oil Prices Could Range Between $60 to $80 Over the Next Year

US oil exports will negatively affect the price of oil in the world market and the price will range between $60 and $80 over the next one-and-a-half years, Rice Energy and Environment Initiative at Rice University Executive Director Sergio Kapusta told Sputnik on Friday.

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Vedanta looks abroad to rope in global players for oil and gas exploration

Vedanta looks abroad to rope in global players for oil and gas exploration

In September 2018, when Anil Agarwal-led Vedanta won 41 of 55 oil and gas exploration blocks in the first round of open acreage auctions (OALP-1), it had not only grabbed headlines but also raised eyebrows.

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India bullish on strategic oil reserve plan

India bullish on strategic oil reserve plan

India has decided to fast track its plan to augment its strategic oil reserves facility with 90-100 days stock to shield itself from supply disruptions coming from perennial political risk in the prime oil supplying countries in the Middle East and Africa.

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Rs 13,000 crore Pipeline sale by Mukesh Ambani will address investor concerns: Morgan Stanley

Rs 13,000 crore Pipeline sale by Mukesh Ambani will address investor concerns: Morgan Stanley

The latest move by Brookfield to buy the loss-making East West Pipeline Ltd (EWPL) for Rs 13,000 crore from Reliance Industries Chairman Mukesh Ambani will help address investor concerns over related party transactions, Morgan Stanley has said.

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Major tragedy averted as three bogies of freight train derail

Major tragedy averted as three bogies of freight train derail

A major tragedy was averted when three bogies of a freight train derailed near Dhandari Kalan railway yards here in the morning today. When the bogies derailed, the train was moving at low speed.

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Mumbai Bridge Collapse: People lose lives, officials play blame game over funds

Mumbai Bridge Collapse: People lose lives, officials play blame game over funds

Despite people losing their lives in the Andheri's Gokhale bridge collapse; the reports on the structural audit of 445 bridges in Mumbai is pending, thanks to disagreement over the funds between the Railways and IIT, Bombay.

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Govt turns to PSBs to fast track redevelopment of railway stations

Govt turns to PSBs to fast track redevelopment of railway stations

To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster.

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Bulk booking 2019 rules on IRCTC: How to book Indian Railways train tickets for a group; step-by-step guide

Bulk booking 2019 rules on IRCTC: How to book Indian Railways train tickets for a group; step-by-step guide

Bulk booking on IRCTC for Indian Railways trains: Planning a holiday with friends and family in the upcoming summer months? Have a family wedding to attend soon? If yes, then you must note that you can make bulk booking with Indian Railways to travel in trains!

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Why let our guests judge us! Indian Railways has a hard-hitting message to check spitting menace

Why let our guests judge us! Indian Railways has a hard-hitting message to check spitting menace

Indian Railways takes a tough stance for ‘Swachh Bharat Mission’! More often than not we find people spitting betel saliva on railway platforms and railway premises. Even the strict penalties imposed by Indian Railways have failed to check such annoying practice.

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YESTERDAY'S HEADLINES

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