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November,16,2018,Friday

DAILY NEWSLETTER FROM ENERGYINFRAPOST.COM

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

EDITOR's PICK

All Petrol Stations in Uttar Pradesh to be re- assessed, Strict action will be taken against those found guilty, says Petroleum Minister Dharmendra Pradhan

All Petrol Stations in Uttar Pradesh to be re- assessed, Strict action will be taken against those found guilty, says Petroleum Minister Dharmendra Pradhan

Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan while addressing media today, congratulated the Uttar Pradesh Special Task Force for unearthing the racket involved in short delivery of fuel at petrol stations in Lucknow.

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Source: Team EnergyInfraPost

Petrol-diesel

Petrol and diesel prices to be revised daily now

In most of the advanced markets globally, petrol and diesel prices are revised on a daily basis. India too is following the path, implementing the procedure of daily changes in fuel prices in select towns, in sync with international rates

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Source: Business Insider

POWER/COAL/MINES/RE

State ministers’ meet to discuss power for all

State ministers’ meet to discuss power for all

24X7 power for all, action plan for 100 per cent household electrification, smart metering, and simplification of tariff, among others, will be thrashed out at the two-day conference of power ministers of states and Union territories here on May 3-4

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Source: The New Indian Express

NMDC gets green nod for Rs 1,095 cr iron ore project in Chattisgarh

NMDC gets green nod for Rs 1,095 cr iron ore project in Chattisgarh

State-run iron ore producer NMDC Ltd has received the green nod for setting up of Rs 1,095 crore iron ore beneficiation plant at Dantewada district, Chhattisgarh.

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Source: Financial Express

Govt asks CIL to expedite coal export to neighbouring nations

Govt asks CIL to expedite coal export to neighbouring nations

The government is nudging the world's largest coal miner CIL to expedite export of coal to neighbouring countries, including Bhutan, as India has surplus coal

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Source: Dna India

illuminated

110 Maoist hit cut-off villages in Odisha to be illuminated soon

Report by Kishore Dash; Bhubaneswar: As many as 110 remote villages in Naxal-affected cut-off area, on the other side of the vast Chitrakonda reservoir in the district which have no electricity supply since long will soon be illuminated thereby opening a new window for the development of the region to where right now there is no on road connectivity

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Source: Orissa Diary

Power- Modi

Business Wrap – PM Modi’s solar power push; Indian IT companies to change hiring ‘model’ & more

Some of the world’s biggest pension funds are exploring for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion investment in the next 5 years.

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Source: Newsx

Bihar

Unable to stop illegal stone mining, Bihar officials unveil ‘explosive’ solution

Taking an “extra-ordinary” decision to crackdown on illegal stone mining, the Rohtas administration in Bihar has decided to blast approach roads to Kaimur hills in the district.

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Source: Financial Express

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 50.43 per bbl on 28.04.2017

Global Crude oil price of Indian Basket was US$ 50.43 per bbl on 28.04.2017

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$ 50.43 per barrel (bbl) on 28.04.2017

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Source: Team EnergyInfraPost

GAIL awards Pipeline Laying Work Contracts for another 131 Km in Kerala

GAIL awards Pipeline Laying Work Contracts for another 131 Km in Kerala

Carrying forward the momentum for Natural Gas pipeline works in Kerala, GAIL (India) Limited has awarded Contracts for Pipeline Laying works of the Kochi

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Source: Team EnergyInfraPost

Govt raises LPG price by Rs 2, kerosene rate up by 26 paisa

Govt raises LPG price by Rs 2, kerosene rate up by 26 paisa

Subsidised cooking gas (LPG) price was on Monday hiked by about Rs 2 per cylinder and kerosene rate by 26 paisa a litre as the government looks to eliminate subsidy on the fuel through small hikes.

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Source: Business Standard

Oil prices rise on potential OPEC cut extension, but face 2nd weekly loss

Oil prices rise on potential OPEC cut extension, but face 2nd weekly loss

Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.

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Source: Financial Express

Dharmendra Pradhan orders inspection, surprise checks after oil raids

Dharmendra Pradhan orders inspection, surprise checks after oil raids

Oil Minister Dharmendra Pradhan on Monday ordered inspection of all petrol pumps in Uttar Pradesh and random checks elsewhere to detect short-selling of petrol and diesel by tampering with the system in dispensing units.

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Source: Business Standard

IGL Takes Over Two Major Steel Pipelines From Gail In Delhi

IGL Takes Over Two Major Steel Pipelines From Gail In Delhi

With an objective of streamlining operation and maintenance of natural gas pipeline infrastructure in the national capital, Indraprastha Gas Limited (IGL)

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Source: Team EnergyInfraPost

Bharat Petroleum

Indian Oil, HP, Bharat Petroleum to spend Rs20,000 crore on LPG business

State-run oil refiners plan to invest Rs20,000 crore by 2020 to meet rising demand for cooking gas, two officials from the companies said.

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Source: Live Mint

It looks like oil's big American glut is resting elsewhere

It looks like oil's big American glut is resting elsewhere

Excess crude oil inventories in the US are finally and clearly in retreat as Opec's output agreement nears the end of its fourth month

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Source: The Economic Times

FinMin official advised subsidiary to not pay dividends, accuses Cairn

FinMin official advised subsidiary to not pay dividends, accuses Cairn

British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.

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Source: Business Standard

China economy

Oil prices inch down on China economy worries, but OPEC cuts support

Oil prices edged down on Monday as a disappointing Chinese economic survey clouded the outlook for demand, although talk that OPEC-led crude output cuts could be extended continued to offer support

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Source: The Hans India

Saudi Aramco to boost oil loading capacity with reopened terminal

Saudi Aramco to boost oil loading capacity with reopened terminal

State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 million barrels per day, Saudi officials said.

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Source: The Times Of India

INFRASTRUCTURE

Deccan Odyssey prepares for upcoming season

Deccan Odyssey prepares for upcoming season

Luxury train Deccan Odyssey will undergo refurbishment before the beginning of the new season in October. It will also undergo an overhaul wherein pneumatic suspension system will be installed in order to make the ride more comfortable.

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Source: Financial Express

To help pilgrims, local passengers, Yogi Adityanath writes to Railway Minister Suresh Prabhu, wants Mumbai Bandra-Ghazipur City express to stop at Bateshwar

To help pilgrims, local passengers, Yogi Adityanath writes to Railway Minister Suresh Prabhu, wants Mumbai Bandra-Ghazipur City express to stop at Bateshwar

Uttar Pradesh Chief Minister Yogi Adityanath on Monday wrote a letter to Union Railway Minister Suresh Prabhu. In the letter, the Uttar Pradesh Chief Minister asked Suresh Prabhu to ensure a stoppage for the Mumbai Bandra Terminus-Ghazipur City express train at Bateshwar in Agra.

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Source: Financial Express

Expressway work hampered due to lack of security: NHAI to SC

Expressway work hampered due to lack of security: NHAI to SC

No construction is being carried out in a 25 km stretch of the Eastern Peripheral Expressway in Ghaziabad due to protests by farmers and lack of police protection to the workers, the NHAI told the Supreme Court today.

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Source: Financial Express

Overcharging rail passengers won't be tolerated: Railways official

Overcharging rail passengers won't be tolerated: Railways official

A zero-tolerance policy will be adopted towards overcharging passengers at railway stations and in trains, Northern Railways Chief Divisional Commercial Manager (Ferozepur division) Monu Luthra said today.

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Source: The Economic Times

Indian Railways to launch the hi-tech Tejas Express on Mumbai-Goa route in June

Indian Railways to launch the hi-tech Tejas Express on Mumbai-Goa route in June

Soon, train passengers travelling between Mumbai and Goa may be spoilt for choice: cuisine curated by celebrity chefs, tea and coffee vending machines and individual LCD screens.

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Source: The Economic Times

Core sector growth rebounds in March to 5% from 1% in Feb

Core sector growth rebounds in March to 5% from 1% in Feb

Core sector output rose by 5 per cent in March, recovering from the one year low growth rate of 1 per cent in the previous month of February.

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Source: Business Standard

Gadkari promises amphibious vehicles for Haryana in 3 months

Gadkari promises amphibious vehicles for Haryana in 3 months

“After Punjab and Maharashtra, Haryana too will get amphibious vehicles that will sail on the Yamuna waters as well as drive on the state roads,” said Union transport and highway minister Nitin Gadkari after laying the foundation stone of the140-crore Pinjore-Baddi bypass, which will be completed in two years, here on Monday.

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Source: The Hindustan Times

Rail regulator to de-stress Indian railways: Siemens India executive V-P

Rail regulator to de-stress Indian railways: Siemens India executive V-P

At a time when Indian railways is in a transformational phase through the introduction of high-speed trains, rapid electrification, doubling and the introduction of metro in multiple cities, Tilak Raj Seth, Executive Vice-President of Siemens Ltd in India speaks to Shine Jacob about the future of the sector in India

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Source: Business Standard

Bharatmala

Bharatmala road project to be launched soon; 20,000 km roads in 1st phase: Nitin Gadkari

The Ministry of Road Transport & Highways will soon be launching a comprehensive programme to improve road connectivity across the nation under proposed Bharatmala Pariyojana

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Source: business Today

Cars

Govt Will Ban Petrol/Diesel Cars By 2030, Only Electric Cars To Be Sold; Niti Aayog Suggests Outsourcing of Govt. Jobs

Govt of India has reconfirmed their plans to go full ballistic for electric cars. An announcement which will make Elon Musk and patrons of electric vehicles super happy, India plans to allow the sale of only electric cars by 2030, which is just 13 years away.

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Source: Trak

Aayog

NITI Aayog vision document: Setting targets for a "New India"

NITI Aayog Chairperson Arvind Panagariya released its 15 years vision document at the third meeting of the Governing Council

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Source: menafn

Turkey

Modi hard sells India as investment destination to Turkey

Prime Minister Narendra Modi today invited Turkish businesses to invest in sectors like energy, rail, road, ports and housing, saying India was never a better investment destination than it is now.

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Source: The Hindu Business Line

coaches

Railways to use radio-frequency tags to track wagons, coaches

The Indian Railways will use radio-frequency identification tags (RFID) for tracking of wagons, coaches and locomotives to ensure effective and transparent functioning.

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Source: India

Maharashtra

Maharashtra Day: Eight Big Infrastructure Ideas That Can Smarten Up The State

The state of Maharashtra completes 57 years in its present form today (1 May). At an estimated nominal Gross State Domestic Product (GSDP) this year of $380 billion, roughly 14.5 per cent of country’s estimated Gross Domestic Product (GDP), Maharashtra continues to be the putative economic powerhouse of India

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Source: Swarajyamag

railway station

Maha: 5 wagons of a goods train derailed in Dudhani railway station

According to the sources, the goods train got derailed at 12.30 am near Gulbarha in Wadi solar section, which affected movement of 12 trains on the affected Solapur Wadi division.

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Source: One India

India-Sri Lanka

To counter China quickly, India draws up tight schedule for projects in Sri Lanka

According to informed sources in New Delhi, the need for a tight timetable arose from a feeling that much could have been done in the field of India-Sri Lanka economic cooperation in the last two years

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Source: BD News24

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