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November,16,2018,Friday

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

Three Years Of Modi Government; A Big Turnaround In India’s Power Sector

Three Years Of Modi Government; A big turn-around in India’s Power Sector.

India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years. Today the country boasts of a situation where surplus power to the tune of 3000-4000 mw is available on real time basis at any time of the day to states and distribution companies and at affordable rates on the power exchange. 

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Three Years of Modi Government, Attaining Freedom from Coal Shortages With Transparent Mineral Auctions

Three Years of Modi Government: Attaining Freedom from Coal Shortages With Transparent Mineral Auctions

From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.

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Vedanta eyes higher aluminium output on strong LME, low alumina prices

Vedanta eyes higher aluminium output on strong LME, low alumina prices

Buoyed by resilient LME (London Metal Exchange) prices and the declining cost of alumina, Anil Agarwal-led mining giant Vedanta aims to ramp up its aluminium output to 1.6 million tonnes in the current financial year.

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BHEL commissions 270 MW Thermal Unit in Maharashtra

BHEL commissions 270 MW Thermal Unit in Maharashtra

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 270 MW thermal unit at Rattan India Nasik Power Limited’s 5×270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra. 

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UJALA appliances scheme launched in Punjab

UJALA appliances scheme launched in Punjab

In yet another milestone, the government’s flagship scheme–Unnat Jeevan by Affordable LEDs and Appliances for all (UJALA) programme was launched in Punjab.

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Coal India wins tax-cut boost as environmentalists fret

Coal India wins tax-cut boost as environmentalists fret

State-run Coal India Lt , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies.

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CleanMax Solar signs MoU with Hitachi High-Tech

CleanMax Solar signs MoU with Hitachi High-Tech

Energy solutions provider CleanMax Solar today said it has signed a memorandum of understanding (MoU) with Hitachi High-Technologies Corporation (Hitachi High-Tech) to jointly offer high-end rooftop solar solutions to Japanese companies across India.

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India to expand renewable energy for development, says VK Singh

India to expand renewable energy for development, says VK Singh

India on Thursday reaffirmed its commitment to renewable energy with the promise to expand into all forms of energy that can reduce carbon footprint.

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Govt pushes on with power plant

Govt pushes on with power plant

The government has decided to go ahead with its 11-megawatt waste-to energy plant project at Bhuasuni on the city outskirts. A public hearing on the project will be held on June 6.

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V Swaminathan to spearhead IT for Schneider Electric India

V Swaminathan to spearhead IT for Schneider Electric India

Schneider Electric announced that it has appointed Venkatraman Swaminathan as the vice-president, IT Division – India Zone.

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Coal scam case: How the CBI court established the criminal culpability of three senior bureaucrats

Coal scam case: How the CBI court established the criminal culpability of three senior bureaucrats

India’s bureaucracy appears to be in a state of shock following the conviction of former coal secretary HC Gupta in a coal block allocation case.

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Cabinet approves raising Rs. 2,360 cr for clean energy projects

Cabinet approves raising Rs. 2,360 cr for clean energy projects

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for raising Rs. 2,360 crore through bond sale, to fund renewable energy developments projects in the current fiscal year.

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DDA to decide on using Badarpur thermal plant premises

DDA to decide on using Badarpur thermal plant premises

The Delhi Development Authority (DDA) was today tasked with preparing a roadmap on using the premises of the Badarpur coal-fired plant, which is set to shut operations by July next year. At a meeting chaired by Delhi Lt Governor Anil Baijal, options on managing the flyash of the plant, run by the NTPC, was also explored, a government official said.

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Global Crude oil price of Indian Basket was US$ 53.28 per bbl on 24.05.2017

Global Crude oil price of Indian Basket was US$ 53.28 per bbl on 24.05.2017

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$ 53.28 per barrel (bbl) on 24.05.2017.

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IndianOil reports highest ever profit of Rs 19,106 crores in FY 17

IndianOil reports highest ever profit of Rs 19,106 crores in FY 17

India's largest oil refining and marketing company-Indian Oil Corporation (IndianOil) on Thursday announced an 85% increase in its net profit to rs 3721 crore.

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IOC awaits Centre nod on dynamic fuel pricing across India

IOC awaits Centre nod on dynamic fuel pricing across India

The ongoing dynamic fuel pricing pilot project in five cities by state-run oil marketers, whereby transport fuel prices are changed daily, would only be extended elsewhere in India on receiving the government’s green signal, a senior oil executive said on Thursday.

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RIL leads 58 Indian firms in Forbes Global 2000 latest list

RIL leads 58 Indian firms in Forbes Global 2000 latest list

Mukesh Ambani-led Reliance Industries (RIL) is the highest ranked Indian firm in Forbes magazine's 'Global 2000' list this year which sees the number of Indian companies in 2017 rising to 58 from last year's 56.

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ONGC to invest Rs 30,000 crore in FY18: Report

ONGC to invest Rs 30,000 crore in FY18: Report

Oil and Natural Gas Corporation (ONGC) is reportedly planning to invest around Rs 30,000 crore in 2017-18 to develop oil and gas fields, expand refining capacity, and build pipelines.

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India’s top energy research bodies come together to develop next-gen fuel resources

India’s top energy research bodies come together to develop next-gen fuel resources

In a first of its kind move, India has brought forward its top energy research agencies which are working together to develop the next generation of fuel resources for cutting edge commercial applications.

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Crude below $50 as OPEC disappoints with ‘safe bet’ extension

Crude below $50 as OPEC disappoints with ‘safe bet’ extension

Oil weakened after OPEC and its allies agreed to extend output cuts for another nine months, disappointing investors who had hoped for more.

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Goldman Sachs

Opec extends crude oil output cuts by nine months to fight glut

Opec decided on Thursday to extend cuts in oil output by nine months to March 2018, Opec delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

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IOC says OPEC output cut won’t hit imports

IOC says OPEC output cut won’t hit imports

Indian Oil Corp expects no impact of the extension of OPEC’s output cuts till March 2018 on its imports, chairman B Ashok said on Thursday.

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opec-kmaF--621x414@LiveMint

A Saudi blunder will haunt Opec for years to come

It's all but decided that the Organization of Petroleum Exporting Countries and Russia will extend their so-called "production cuts" at Thursday's meeting in Vienna.

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Railways’ post growth in passenger traffic, revenue

Railways’ post growth in passenger traffic, revenue

The Railway Ministry on Thursday reported a rise in passenger traffic and revenue generation during 2016-17.

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Railways to export 18 diesel locomotives to Myanmar

Railways to export 18 diesel locomotives to Myanmar

The engines worth about Rs 200 crore are manufactured at the Diesel Locomotive Works (DLW) in Varanasi. The first lot of six locomotives are ready to be shipped next month, while the rest will be delivered by December this year.

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GMR Infra revive losses after a dip of nearly 14%

GMR Infra revive losses after a dip of nearly 14%

GMR Infrastructure Limited has rebound from its low in past few trading session. The stock is seen to be revived from its selling pressure.

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Government may reduce export target, says apex exporters' body

Government may reduce export target, says apex exporters' body

The government may have to revise downwards its export target of $900 billion by 2020 keeping the global situation into account, apex body of exporters Federation of Indian Export Organisations (FIEO) has said.

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Tejas Express’ first trip: Passengers steal headphones, scratch LCD monitors

Tejas Express’ first trip: Passengers steal headphones, scratch LCD monitors

The Mumbai-Goa Tejas Superfast Express' maiden run on Monday has left Railway Minister Suresh Prabhu understandably chuffed.

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Leading Aust railway research institute to work with Indian Railways

Leading Aust railway research institute to work with Indian Railways

Monash University’s Institute of Railway Technology joins hands with a state-owned corporation in India to offer assistance on the establishment of a new state-of-the-art railway research and development institute.

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All aboard India's new luxury affordable train

All aboard India's new luxury affordable train

India's passenger trains are notorious for being rickety and spartan, but the government is hoping to change all that with a new "luxury" service.

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Boost to Metro Rail Connectivity Cabinet approves Noida - Greater Noida Metro Rail Project

Boost to Metro Rail Connectivity Cabinet approves Noida – Greater Noida Metro Rail Project

‘The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Noida – Greater Noida Metro Rail Project covering a length of 29.707 k.m. Total completion cost of the project is Rs.5,503 crore. 

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Dhola Sadia bridge: 10 facts about India’s longest bridge on the Brahmaputra

Dhola Sadia bridge: 10 facts about India’s longest bridge on the Brahmaputra

Prime Minister Narendra Modi will dedicate to the nation Friday India’s longest bridge, located on the Brahmaputra river in Assam.

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Indian Railways flexi fare system for premium trains including Rajdhani, Shatabdi under review, says Suresh Prabhu

Indian Railways flexi fare system for premium trains including Rajdhani, Shatabdi under review, says Suresh Prabhu

Several questions have been raised by passengers over the flexi- fare system of the Indian Railways. Passengers have complained that the flexi fare system is only helping the Railways make more money while no improvement has been seen on the premium trains.

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