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November,14,2018,Wednesday

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

Barring 6 states and Chandigarh, India to turn power surplus this fiscal

Barring 6 states and Chandigarh, India to turn power surplus this fiscal

Most parts of the country will have surplus power availability in the current financial year thanks to higher electricity generation, the Central Electricity Authority said.

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Group captive power plants may have to rejig equity structure

Group captive power plants may have to rejig equity structure

Captive power plants held by a group of consumers may be forced to undergo major restructuring as the government proposes to ask them to correct their equity and shareholding structure.

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BHEL regains growth & profitability, Surpasses 12th Plan Capacity Addition Target

BHEL regains growth & profitability, Surpasses 12th Plan Capacity Addition Target

State-owned Bharat Heavy Electricals Limited (BHEL) said on Monday that it has has achieved double digit growth in its topline and bounced back into profit in fiscal 2016-17, ending the year with significant traction in growth drivers.

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Dabhol impairment pulls down NTPC Q4 net by 25% to Rs 2,079 crore

Dabhol impairment pulls down NTPC Q4 net by 25% to Rs 2,079 crore

State-run power giant NTPC's standalone net profit declined by 25.54 per cent to Rs 2079.40 crore in the fourth quarter (Q) ending March 31, 2017, on impairment of investment in Ratnagiri Power plant known as Dabhol project.

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Hybrid power helps Idea cut emissions

Hybrid power helps Idea cut emissions

Idea Cellular has about 19 per cent of its total telecom towers run by hybrid power, a move that reduced carbon dioxide (CO2) emissions by 52,000 tonnes in 2016.

 

 

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Tata Power turns around solar business to become India's largest integrated solar company

Tata Power turns around solar business to become India's largest integrated solar company

Tata Power Solar, India's largest integrated ​private sector ​solar company, ​on Monday​ announced that the company has ramped up the scale of business substantially by focusing on building state of art technology, engineering and strengthening on customer & employee satisfaction.

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India Power eyeing acquisitions in thermal power projects

India Power eyeing acquisitions in thermal power projects

India Power Ltd will explore acquisitions preferably for thermal power projects, Chairman, Hemant Kanoria said. The company is also open for acquisitions in the renewable sector.

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States may auction under-construction wind power projects, further lowering tariffs

States may auction under-construction wind power projects, further lowering tariffs

The disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase.

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​POWERGRID seeks co-operation for completion of its Rajarhat 400/220kv Sub-Station

PowerGrid net up 22% at Rs 1,916 cr in Q4

State-run Power Grid Corp’s standalone net profit jumped 22 per cent year-on-year to Rs 1,916.36 crore in the quarter ended on March 31, 2017.

 

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India clarifies tax on solar power equipment, parts at 5 percent GST

India clarifies tax on solar power equipment, parts at 5 percent GST

India will levy a 5 percent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about the new taxation policy for the industry after its landmark tax reform.

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For the first time in history, Uttar Pradesh may become a power surplus state

For the first time in history, Uttar Pradesh may become a power surplus state

Uttar Pradesh may become a power surplus state for the first time in its history, a report by the country’s apex government body dealing with the power sector indicates.

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Bhadla project powers India's solar energy march

Bhadla project powers India's solar energy march

Bhadla village is on the fringes of the Thar Desert in Rajasthan. It's about 200km from Jodhpur city. Its population is 6,148.

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World Bank to extend $240 mn credit for AP’s Power for All project

World Bank to extend $240 mn credit for AP’s Power for All project

The World Bank has announced $ 240 million credit line to support Andhra Pradesh Government's effort to provide 24x7 quality and affordable power to its citizens.

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Coal India Q4 net falls 38% to Rs 2,716 crore

Coal India Q4 net falls 38% to Rs 2,716 crore

State-run Coal India Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

 

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L&T Q4 net rises 28% to Rs 3,180 cr

L&T Q4 net rises 28% to Rs 3,180 cr

Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

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India cancels plans for huge coal power station - because solar energy is getting so cheap

India cancels plans for huge coal power station - because solar energy is getting so cheap

India is the world’s second most populous country, and one of the fastest growing economies. Several projections put future India as the world’s most populous country and the world’s third largest economy by 2050.

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Won't oppose infrastructure funds for Adani's Carmichael coal mine project: Queensland govt

Won't oppose infrastructure funds for Adani's Carmichael coal mine project: Queensland govt

The Queensland government said on Monday it will not oppose any direct infrastructure fund transfer from the Australian federal government for Adani group's controversy-hit Carmichael coal mine project, which is in limbo.

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Mukesh Ambani invests Rs 12,725 cr in gas pipeline firm RGTIL

Mukesh Ambani invests Rs 12,725 cr in gas pipeline firm RGTIL

Billionaire Mukesh Ambani has invested Rs 12,725 crore more in his unlisted gas pipeline company, Reliance Gas and Transportation Infrastructure (RGTIL), by way of share capital and unsecured loans, helping the loss-making firm’s net worth turn positive at Rs 877 crore in 2016-17 from a negative net worth of Rs 2,519 crore in the previous financial year.

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Dharmendra Pradhan meets Shigeru Aoyagi, Country Head of UNESCO

Dharmendra Pradhan meets Shigeru Aoyagi, Country Head of UNESCO

Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan met Shigeru Aoyagi, Country Head of UNESCO on Monday.

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Pradhan to move FinMin to include petroleum products under GST ambit

Pradhan to move FinMin to include petroleum products under GST ambit

Major oil and gas players in the country have sought intervention from the ministry of petroleum to include crude oil, petrol, diesel, aviation turbine fuel and natural gas under the goods and service tax (GST) ambit.

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The Mahanagar Gas stock gets a bit gassy

The Mahanagar Gas stock gets a bit gassy

It’s not even a year since Mahanagar Gas Ltd (MGL) listed on the bourses and investors have already hit the jackpot.

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ONGC looking to aggressively expand acreage under exploration

ONGC looking to aggressively expand acreage under exploration

With a steady rise in domestic fossil fuel consumption making the country’s target of cutting import dependence on oil more challenging, state-run Oil and Natural Gas Corp.

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Oil India profit dips 96 per cent on royalty payments, lower gas price

State-owned Oil India Ltd today reported 96 per cent drop in its March quarter net profit after it brought on books the additional royalties paid to Assam and Arunachal Pradesh.

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IOC seeks 2,700 acres to expand Paradip petrochem project

IOC seeks 2,700 acres to expand Paradip petrochem project

Undeterred by its stand-off with the Odisha government over the award of fiscal incentives to its oil refinery project at Paradip, the Indian Oil Corporation (IOC) has asked for an additional 2,700 acres.

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Global Crude oil price of Indian Basket was US$ 50.63 per bbl on 26.05.2017

Global Crude oil price of Indian Basket was US$ 50.63 per bbl on 26.05.2017

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$ 50.63 per barrel (bbl) on 26.05.2017.

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OPEC ponders how to co-exist with US shale oil

OPEC ponders how to co-exist with US shale oil

First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

 

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PM Narendra Modi’s Ujjwala Yojana makes rapid progress; here’s what you really must know

PM Narendra Modi’s Ujjwala Yojana makes rapid progress; here’s what you really must know

Prime Minister Narendra Modi launched the Pradhan Mantri Ujjwala Yojana (PMUY) under the ministry of petroleum & natural gas on May 1, 2016, from Uttar Pradesh’s Ballia district.

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Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister emphasis on clean fuels burnishes the outlook for the industry.

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Modi’s emphasis on clean fuels pays off: Fidelity, Aberdeen bet on natural gas retailers IGL, Gujarat Gas & Mahanagar Gas

Modi’s emphasis on clean fuels pays off: Fidelity, Aberdeen bet on natural gas retailers IGL, Gujarat Gas & Mahanagar Gas

Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister Narendra Modi’s emphasis on clean fuels burnishes the outlook for the industry.

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Railway PSU RITES’ 2016-17 total income up 18%

Railway PSU RITES’ 2016-17 total income up 18%

The government on Monday reported that its specialised railways' engineering consultancy firm RITES has recorded a 18 per cent increase in its total income for 2016-17.

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OBOR problems

China may hit funds roadblock over OBOR, says think tank

China's 'One Belt One Road' mega initiative could hit a roadblock, a Hyderabad-based think tank has claimed, arguing that the country may increasingly find it difficult to fund several infrastructure projects across continents owing to financial constraints at home arising from debts, shadow banking, Ponzi schemes and zombie companies.

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Order book of 50 road companies may touch Rs 1 lakh crore this fiscal: Crisil

Order book of 50 road companies may touch Rs 1 lakh crore this fiscal: Crisil

Driven by government spending, the order book of 50 companies constructing highways in EPC mode may touch Rs 1 lakh crore and their topline is set for 15 per cent growth this fiscal, rating agency Crisil has said.

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India on right path to becoming global steel player: Steel Association

India on right path to becoming global steel player: Steel Association

India turned net exporter of steel this year and the trend is expected to continue as the metal’s quality has become globally competitive, according to Indian Steel Association.

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10 waterways to be made operational next year: Nitin Gadkari

10 waterways to be made operational next year: Nitin Gadkari

Having secured Rs 2,000 crore from a central fund for development of water transport, operationalising at least 10 of the 111 National Waterways next year is on the top of government's agenda, Union Minister Nitin Gadkari has said.

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Road EPC companies set for 15% topline growth in FY18: Crisil

Road EPC companies set for 15% topline growth in FY18: Crisil

The road ministry's efforts to improve the financial health of road companies in the country have paid off. According to ratings agency Crisil, credit profile of road engineering, procurement and construction (EPC) companies have shown a sharp turnaround.

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