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November,21,2018,Wednesday

DAILY NEWSLETTER FROM ENERGYINFRAPOST.COM

LATEST NEWS UPDATES ON ​ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA

EDITORS PICK

Cabinet approves new NPA policy to deal with stressed assets

Cabinet approves new NPA policy to deal with stressed assets

The Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday, has approved a new framework to deal with Rs 6 lakh crore worth of non-performing assets in the banking system, a formal announcement of which is expected to be made after President's ascent to few Ordinances.

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“Remaining 4141 Villages To Be Electrified By 2018”: Shri Piyush Goyal

Remaining 4141 Villages To Be Electrified By 2018 : Piyush Goyal

Power is the fulcrum around which an ecosystem can be created to give better quality of life to every citizen of india, Piyush Goyal said at the state power minister's conference in New Delhi on Wednesday

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Cabinet clears new steel policy, envisages investments of Rs 10 lakh cr

Cabinet clears new steel policy, envisages investments of Rs 10 lakh cr

The Cabinet on Wednesday approved a new policy that envisages Rs 10 lakh crore investment to create more capacity in the steel sector.

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Niti

Time To Spin Off Coal India Subsidiaries As Separate Entities Recommends Niti Aayog

Around three quarters of our power comes from coal powered plants today and this scenario will not change significantly over the coming decades

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Work begins on 5 expressway projects, 7 more on anvil: Nitin Gadkari

Work begins on 5 expressway projects, 7 more on anvil: Nitin Gadkari

The government has started work on five expressways including Delhi-Meerut while other seven projects will be launched soon, Union Minister Nitin Gadkari said today.

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POWER/COAL/MINES/RE

How India's most expensive limestone block in Chhattisgarh was auctioned

How India's most expensive limestone block in Chhattisgarh was auctioned

After nearly 24 hours of record bidding, with 600 bids coming in, the country’s most expensive limestone block in Chhattisgarh finally went to Dalmia (Bharat) Cement.

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Government asks states to accept power tariff in digital transactions only

Government asks states to accept power tariff in digital transactions only

The government has asked states to stop accepting electricity bill payments in cash and move to digital mode, a move that can be a giant leap towards a cashless economy as power worth lakhs of crore is consumed every year.

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Vedanta steps up India plans despite setbacks

Vedanta steps up India plans despite setbacks

Arguably in a flight of fancy, Vedanta Chairman Anil Agarwal said some time ago that India “will continue to have everything going in its favour to multiply its present primary aluminium capacity of 4.1 million tonnes (mt) several fold in the coming years.”

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AIIB grants $ 160 million for Andhra Pradesh power project

AIIB grants $ 160 million for Andhra Pradesh power project

China-sponsored Asian Infrastructure Investment Bank today approved USD 160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project.

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Coal India devices strategy to stave off impact due to mine grade revision

Coal India devices strategy to stave off impact due to mine grade revision

Coal India may consider revising coal prices this year in case sales volume doesn't pick up to compensate for the revenue loss arising out of grade revision of its 177 mines.

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OIL AND GAS

global-crude-oil-price

Global Crude oil price of Indian Basket was US$ 50.36 per bbl on 02.05.2017

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$ 50.36 per barrel (bbl) on 02.05.2017.

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SAT adjourns RIL plea against Sebi ban to August 8

SAT adjourns RIL plea against Sebi ban to August 8

The Securities Appellate Tribunal today admitted Reliance Industries' plea against a Sebi order banning it from equity derivatives markets and will hear the matter next on August 8, with the firm saying it should be allowed to invest its surplus funds, including through mutual funds.

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Petrol, Diesel Rates In 5 Cities Changing Daily. What Are People Paying?

Petrol, Diesel Rates In 5 Cities Changing Daily. What Are People Paying?

Petrol and diesel prices in five cities are currently being revised daily on a pilot basis which started from May 1.

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INFRASTRUCTURE

Suresh Prabhu for co-development of new technology with railways

Suresh Prabhu for co-development of new technology with railways

Railway Minister Suresh Prabhu today asked global players to co-develop new technology in partnership with the Indian Railways to meet emerging needs of the rail sector worldwide.

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J&K to get world's highest railway bridge across Chenab river

J&K to get world's highest railway bridge across Chenab river

In around two years from now, the Chenab river in Jammu and Kashmir will be spanned by the world's highest railway bridge that is expected to be 35 metres taller than the Eiffel Tower.

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With 12 new features, Indian Railways aims to make AC-3 tiers your true "Humsafar"

With 12 new features, Indian Railways aims to make AC-3 tiers your true "Humsafar"

Travelling in the AC 3-tier coach soon will be a luxury as the Indian Railways are going for a major "makeover", a media report said

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railway stations

25 railway stations to be redeveloped; PM Modi reviews GST roll-out preparedness & more

Railway Minister Suresh Prabhu has said that bidding for the redevelopment of 25 railways stations will begin soon.

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Southwest

12 Dead In Tunnel Blast In Southwest China

Twelve workers died following an explosion in a high-speed rail tunnel in southwestern China, state media said Wednesday, after rescuers spent over 14 hours searching the rubble for survivors

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India to make local steel mandatory in government infrastructure projects: Sources

India to make local steel mandatory in government infrastructure projects: Sources

The cabinet may clear a proposal on Wednesday to make usage of local steel mandatory for government's infrastructure projects

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luxurious

Railways set to unveil luxurious AC 3-tier coach; here are 10 major features you need to know

Soon, travelling in the AC 3-tier coach will become luxurious. Indian Railways has gone for a ‘major makeover’ of the AC 3-tier coach to make it more passenger friendly, according to The Indian Express report.

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