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​GOOD AFTERNOON INDIA!

November,16,2018,Friday

QUICK AFTERNOON NEWS UPDATES FROM ACROSS THE MEDIA ON ENERGY AND INFRASTRUCTURE 

POWER/COAL/MINES/RE

Coal scam: CBI to submit final report before Patiala House Court

Coal scam: CBI to submit final report before Patiala House Court

The Central Bureau of Investigation (CBI) will today file a final report before the Patiala House Court in connection with the coal scam case against Congress leader and industrialist Naveen Jindal besides others.

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Source :The New indian Express

'318.74 Ha Land Acquired For NMCD's Steel Plant'

'318.74 Ha Land Acquired For NMCD's Steel Plant'

Revenue Minister Prem Prakash Pandey informed Chhattisgarh Assembly on Thursday that a total of 288.81 hectares of land was acquired in 2001 for NMDC Ltd’s upcoming steel plant at Nagarnar

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Source : The Daily Pioneer

Govt mulls advisory group for NMDC on iron ore pricing

Govt mulls advisory group for NMDC on iron ore pricing

The steel ministry is considering an advisory group for public sector miner NMDC to rein in any potential price surge in iron ore, sources said.

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Source : Business Standard

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.

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Source :Business Standard

Government planning to revamp mining licensing regime

Government planning to revamp mining licensing regime

The government is working on a new method to auction mining leases to match commodity price cycles and investor appetite.

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Source : Livemint

NTPC spares Delhi of power cuts, but set to crackdown against Jharkhand

NTPC spares Delhi of power cuts, but set to crackdown against Jharkhand

NTPC has withheld its decision to cut power to BSES Yamuna Power Limited (BYPL) in the forthcoming peak summer season after the latter committed to pay part of its dues by month-end.

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Source : The Financial Express

Telangana buys ‘costliest’ thermal power from Andhra Pradesh

Telangana buys ‘costliest’ thermal power from Andhra Pradesh

The TSTransco is losing crores due to delay in submission of a report by the high-level panel constituted by the Central government to go into the power sharing dispute between AP and TS.

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Source: Deccanchronicle

 

Hindustan Zinc: Re-rating likely on rising dividend payout

Hindustan Zinc: Re-rating likely on rising dividend payout

Hindustan Zinc's (HZL's) announcement of a dividend of Rs 27.50 a share was cheered by the Street, with its stock price up 2.7 per cent to close at Rs 320.20 on Thursday.

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Source : Business standard

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 49.64 per bbl on 23.03.2017

Global Crude oil price of Indian Basket was US$ 49.64 per bbl on 23.03.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.64 per barrel (bbl) on 23.03.2017

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Source : Energyinfrapost

After govt's pressure, state-run oil firms declare Rs 4,570 crore special dividend

After govt's pressure, state-run oil firms declare Rs 4,570 crore special dividend

State-run Indian Oil Corporation Ltd (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have declared a combined special dividend of `4,570 crore following pressure from the government,

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Source : The Economic Times 

Cairn, ONGC, Essar benefit from pre-NELP contract extension

Cairn, ONGC, Essar benefit from pre-NELP contract extension

The Union Cabinet’s decision on Wednesday to grant extension to production sharing contracts for 10 blocks will benefit Cairn India Ltd (CIL)

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Source : Business Standard

6.73 lakh LPG consumers have given up subsidy

6.73 lakh LPG consumers have given up subsidy

Ever since the Central government announced the ‘Give It Up’ scheme, under which consumers gave up subsidy on refills, a total of 6,73,347 families in the State have opted out.

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 Source :  The Hindu

Big relief: Cairn India’s Barmer oil & gas block among 10 granted extension

Big relief: Cairn India’s Barmer oil & gas block among 10 granted extension

In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field

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Source : The  Financial Express

INFRASTRUCTURE

Reliance Infra could bag Rs 800-crore Tamil Nadu road job

Reliance Infra could bag Rs 800-crore Tamil Nadu road job

Anil Ambani-led Reliance Infrastructure has emerged the lowest bidder for a Rs 800-crore highway construction job in Tamil Nadu, people close to the development told ET.

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Source: The Economic Times

Warehousing companies part of JNPT's new plan

Warehousing companies part of JNPT's new plan

In a likely breather to Container Freight Station (CFS) operators which otherwise ran the risk of losing massive amounts of business

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Source: The  Economic Times

Post controversy, cable car project tender cancelled

Post controversy, cable car project tender cancelled

After the J&K State Cable Car Corporation (JKSCCC) cancelled its controversial tender having change in the nomenclature of the Mubarak Mandi–Bahu Fort Cable Car Project to the Mubarak Mandi-Shahabad Project

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Source :  The Tribuneindia

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