​GOOD MORNING INDIA!

November 17, 2018, Saturday

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

Mega Oil PSU: ONGC-HPCL Deal Not Done Yet, But Here’s Government’s Next Big Merger Move

Mega Oil PSU: ONGC-HPCL Deal Not Done Yet, But Here’s Government’s Next Big Merger Move

The government seems to be wasting no time in its quest to create huge energy PSUs of global scale, as, while a deal for ONGC’s proposed takeover of HPCL is yet to be finalised, the Centre has already embarked on its next ambitious project: combining the behemoth refiner and marketer Indian Oil Corp and smaller oil exploration firm Oil India Ltd, according to a TV news report.

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Greenko Raises $1 Billion Green Bond, Asia's Largest

Greenko Raises $1 Billion Green Bond, Asia's Largest

India’s leading clean energy company Greenko has raised $1 billion on Monday via an overseas bond issue, making it Asia's largest green bond till date.

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Coal India's 10% Stake Sale Deferred As Scrip Plunges

Coal India's 10% Stake Sale Deferred As Scrip Plunges

The government has decided to defer stake sale in Coal India this year after the share price fell sharply, close to a 52-week low, making it impossible to fetch the sum it hoped for, company officials said.

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Government Fears Solar Developers May Delay Projects To 'gain' From Fall In Tariffs

Government Fears Solar Developers May Delay Projects To 'gain' From Fall In Tariffs

With the steep fall in solar tariffs in the last two years, the ministry of new and renewable energy (MNRE) has written to all states to ensure that solar developers do not get “undue benefits” from the development by insisting that solar projects meet the deadlines initially set for them without any extensions.

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NHPC Board To Consider Raising Rs 5,000 Cr Via Corporate Bonds

NHPC Board To Consider Raising Rs 5,000 Cr Via Corporate Bonds

Hydro-power major NHPC on Monday said its board will consider this month a proposal to raise Rs 5,000 crore through private placement of corporate bonds.

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UPERC Cancels Ppas With Bajaj Energy

UPERC Cancels Ppas With Bajaj Energy

The UP Electricity Regulatory Commission has cancelled power purchase agreements with five power units owned by Bajaj Energy because of the higher cost. UPERC chairman, Desh Deepak Verma confirmed that notice of cancellation has been sent to the company.

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Over 25 Crore LED Bulbs Distributed Under UJALA Scheme: EESL

Over 25 Crore LED Bulbs Distributed Under UJALA Scheme: EESL

With the implementation of government's UJALA programme in Arunachal Pradesh, the world's largest non-subsidised LED bulb distribution programme is now being implemented across the country, EESL said today.

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Tata Power Solar Is The No.1 EPC Rooftop Player For Four Years In A Row, Says Bridge To India Report

Tata Power Solar Is The No.1 EPC Rooftop Player For Four Years In A Row, Says Bridge To India Report

Tata Power Solar, India’s largest integrated solar player, has said that it has been ranked #1 EPC rooftop solar player in the recently published India Solar Rooftop report 2017 by BRIDGE TO INDIA

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Inox Wind Challenges National Company Law Tribunal’s Order

Inox Wind Challenges National Company Law Tribunal’s Order

Wind energy solutions provider Inox Wind (IWL) is challenging the National Company Law Tribunal’s Chandigarh bench order on insolvency, claiming it is solvent and in "excellent" financial health.

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Post GST, You Will See Prices Falling: Piyush Goyal

Post GST, You Will See Prices Falling: Piyush Goyal

In both, I have no role to play on the face of it. There's no licensing, no power ministry approvals. At the same time, as an Indian, I do recognise these are assets where banks have lent money, investments have been made.

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Gurugram, Ambala To Have 24-Hour Power Supply From 15 August

Gurugram, Ambala To Have 24-Hour Power Supply From 15 August

From 15 August—Independence Day—onwards, the districts of Gurugram and Ambala in Haryana will have round-the-clock electricity.

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JSPL's Chhattisgarh plant buy on track: JSW Energy

JSPL's Chhattisgarh plant buy on track: JSW Energy

The deal with regard to buying JSPL's 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year, JSW Energy has said.

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GVK Energy Raises Rs500 Crore For Goindwal Sahib Power Project

GVK Energy Raises Rs500 Crore For Goindwal Sahib Power Project

GVK Energy Ltd has closed funding for its 540 MW coal-fired power project in Punjab, having raised Rs500 crore from Deutsche Bank in priority funding, according to two people directly aware of the development.

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Lanco's Effort To Keep Amarkantak Power Project Afloat Might Sink

Lanco's Effort To Keep Amarkantak Power Project Afloat Might Sink

Lanco Infratech’s effort to rescue its Amarkantak power project in Madhya Pradesh might go nowhere, with insolvency proceedings initiated by one of its lenders, IDBI Bank.

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Solar Electrification Project Inaugurated In Matruh With Indian Support

Solar Electrification Project Inaugurated In Matruh With Indian Support

The governor of Marsa Matrouh, Alaa Abu Zeid, and the Indian ambassador to Egypt, Sanjay Bhattacharyya, inaugurated on Sunday a joint solar electrification project in Agaween village in Matrouh governorate.

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10 Lakh LED Bulbs To Be Installed In Seven Districts

10 Lakh LED Bulbs To Be Installed In Seven Districts

The State government has decided to install LED bulbs in all panchayats in the State to save energy as well as power bills of gram panchayats.

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Off-Grid Solar Power And Rural Electrification

Off-Grid Solar Power And Rural Electrification

While grid extension is the main driver of rural electrification in India today and almost all Indian villages are now electrified, the reality at the habitation and household level is very different.

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Global Crude Oil Price Of Indian Basket Was US$ 47.31 per bbl on 14.07.2017

Global Crude Oil Price Of Indian Basket Was US$ 47.31 per bbl on 14.07.2017

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$ 47.31 per barrel (bbl) on 14.07.2017.

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RIL, Shell, ONGC Asked To Pay $3 Billion In Penalty

RIL, Shell, ONGC Asked To Pay $3 Billion In Penalty

The government has ordered Reliance Industries (RIL), Shell and ONGC to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter.

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IOC-Oil India Merger On The Cards

IOC-Oil India Merger On The Cards

Even as the Union Cabinet is getting all set to bless the mega ONGC-HPCL merger, ET Now exclusively learns that the Narendra Modi government has already zeroed in on another mega transaction between PSUs to create yet one more oil behemoth.

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corruption in Railways

PM Narendra Modi Likely To Go For Cabinet Expansion

Prime Minister Narendra Modi is likely to go for a Cabinet expansion as senior minister M Venkaiah Naidu's almost certain election as the next vice president will leave two heavyweight portfolios without a Cabinet minister.

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Competition Commission Orders Another Probe Against GAIL

Competition Commission Orders Another Probe Against GAIL

The Competition Commission has ordered a fresh investigation against state-owned GAIL (India) for alleged abuse of dominant position with regard to supply of natural gas.

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RIL Shares Gain 52% In 52 Weeks; Market Cap Tops Rs 5 Lakh Crore As Jio Shows Promise

RIL Shares Gain 52% In 52 Weeks; Market Cap Tops Rs 5 Lakh Crore As Jio Shows Promise

Reliance Industries Ltd’s shares have gained 52% in the last 52 weeks, giving huge bonanza to the investors in the heavyweight blue-chip company, helped by its investments in telecom, petrochemicals and retail businesses bearing fruit.

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BPCL Expects To Complete Work For Rs 2-lakh Crore Mega Refinery In 4 Years

BPCL Expects To Complete Work For Rs 2-lakh Crore Mega Refinery In 4 Years

Bharat Petroleum Corporation Chairman D Rajkumar today exuded confidence that the proposed Rs 2-lakh crore mega refinery in the ecologically sensitive Konkan belt will get green nod and hopes to complete the world's largest refinery complex in four years.

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Australia

PRESS: BP Planning Big Data Push To Lower Costs - FT

Oil giant BP PLC is planning a fivefold increase in its data capacity as part of a push to lower costs by focusing on 'big data', the Financial Times reported.

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ONGC Seeks HPCL Stake At Market Price; Not Keen To Pay Premium For ‘fairly Valued’ Firm, Report Says

ONGC Seeks HPCL Stake At Market Price; Not Keen To Pay Premium For ‘fairly Valued’ Firm, Report Says

ONGC also seems to believe there is no case for paying a control premium for buying HPCL stake as the control for both the companies rests with the government itself.

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IndianOil’s INDMAX Technology Bags Excellence Award At World Petroleum Congress

IndianOil’s INDMAX Technology Bags Excellence Award At World Petroleum Congress

IndianOil has bagged the World Petroleum Congress (WPC) Excellence Award for its innovative and ground-breaking INDMAX technology at the recently concluded 22nd edition of the WPC I n Istanbul, Turkey

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West Coast Refinery's Complex To Cost Rs 2.7 Lakh Cr: Dharmendra Pradhan

West Coast Refinery's Complex To Cost Rs 2.7 Lakh Cr: Dharmendra Pradhan

The world's biggest oil refinery -cum-petrochemical complex planned in Ratnagiri district of Maharashtra will cost Rs 2.7 lakh crore and take 60 months to build, Oil Minister Dharmendra Pradhan said today.

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ONGC May Not Be Required To Pay Premium For Government Stake In HPCL

ONGC May Not Be Required To Pay Premium For Government Stake In HPCL

Oil and Natural gas Corp (ONGC) need not pay a premium for government stake in Hindustan Petroleum (HPCL) since the latter is widely traded and fairy valued by the market and the transaction would involve no change in state control over the two companies, a senior executive at ONGCsaid.

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Intraday Reports For Oil And Natural Gas Corporation (ONGC, 500312) Stock & Share Prices - July 17, 2017

Intraday Reports For Oil And Natural Gas Corporation (ONGC, 500312) Stock & Share Prices - July 17, 2017

After managing to touch a high of Rs.160.90 and falling as low as Rs.159.35 through the day, one stock of Oil and Natural Gas Corporation was observed to be priced at Rs.160.05.

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Now, Govt Looks To Take Cooking Gas To Tiger Reserves, Naxal-hit Areas

Now, Govt Looks To Take Cooking Gas To Tiger Reserves, Naxal-hit Areas

To meet its goal of providing cooking gas to 95 per cent of the population by 2020, the government is reaching out to even the country's tiger reserves. Soon, state forest departments may get liquefied petroleum gas (LPG) dealerships on nomination basis.

 

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Transport Ministry Opposes NITI Aayog's Plan To Let Taxi Aggregators Rope In Private Cars

Transport Ministry Opposes NITI Aayog's Plan To Let Taxi Aggregators Rope In Private Cars

The transport ministry is not in favour of Niti Aayog’s suggestion that taxi aggregators should be allowed to rope in private cars to increase the availability of vehicles for passengers.

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Is Bullet Train Coming To Your City? Read This To Find Out

Is Bullet Train Coming To Your City? Read This To Find Out

The government's pet project of bullet trains is gaining momentum. The High Speed Rail Corporation (HSRC), which has been conducting feasibility studies for several bullet train projects, has submitted a final feasibility report for Delhi-Amritsar project and draft report for Delhi-Kolkata corridor to the Railways ministry.

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Growth Of Metro Rail Network In New Cities To Be A Huge Opportunity For Construction Sector: ICRA

Growth Of Metro Rail Network In New Cities To Be A Huge Opportunity For Construction Sector: ICRA

Metro Rail projects in India have picked up and are likely to provide sizeable opportunity over the next three to five years to construction industry, rating agency ICRA said in note.

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Prabhu To Inaugurate Science Express Exhibition Train Tomorrow

Prabhu To Inaugurate Science Express Exhibition Train Tomorrow

Union Railway Minister Suresh Prabhu will inaugurate the Science Express Climate Action Special -- Exhibition Train through video conferencing from New Delhi tomorrow.

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In Next 5 Years, Railways Will Take The Big Leap: Suresh Prabhu

In Next 5 Years, Railways Will Take The Big Leap: Suresh Prabhu

THE Indian Railways will be completely transformed in the next five years, Union Railway Minister Suresh Prabhu said on Sunday, adding that there’s enough budget allocation to implement the plan.

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IRCTC Tatkal Railway Booking Rules, Timings, Cancellation Charges

IRCTC Tatkal Railway Booking Rules, Timings, Cancellation Charges

IRCTC through its website offers online Tatkal reservation facility for the benefit of passengers. Tatkal facility helps passengers plan their journey at the last moment.

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Transport Ministry Opposes Bid To Let Taxi aggregates Rope In Private Cars

Transport Ministry Opposes Bid To Let Taxi aggregates Rope In Private Cars

The transport ministry is not in favour of Niti Aayog's suggestion that taxi aggregators should be allowed to rope in private cars to increase the availability of vehicles for passengers.

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Smart Or Dumb? The Real Impact Of India's Plan To Build 100 Smart Cities

Smart Or Dumb? The Real Impact Of India's Plan To Build 100 Smart Cities

In 2014, the new Indian government declared its intention to achieve 100 smart cities. In promoting this objective, it gave the example of a large development in the island city of Mumbai, Bhendi Bazaar.

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SCR To Run 12 Special Trains From Secunderabad

SCR To Run 12 Special Trains From Secunderabad

To clear extra rush of passengers on account of cancellation of regular train services 17007 / 17008 Secunderabad-Darbhanga-Secunderabad (Bi-weekly) Express and Train numbers 17005 / 17006 Hyderabad-Raxaul-Hyderabad (weekly) Express due to operational reasons.

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Siemens To Install State-Of-The-art IGBT Technology For Indian

Siemens To Install State-Of-The-art IGBT Technology For Indian

Indian Railways contributes to the enduring success of the nation?s growth story through its pivotal role in ensuring reliable, safe and secure transportation of people, goods and services.

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Gujarat HC Dismisses Essar Steel's Petition Against RBI

Gujarat HC Dismisses Essar Steel's Petition Against RBI

The Gujarat High Court on Monday dismissed Essar Steel’s petition against the Reserve Bank of India (RBI).

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Floods Force Cancellation, Diversion Of Trains

Floods Force Cancellation, Diversion Of Trains

Due to heavy rains and flash floods in Rayagada district of Odisha, the railway bridge between Singapuram Road and Therubali railway stations in Titilagarh-Rayagada railway section was washed away on Sunday.

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Relaxed Norms To Boost Waste-To-Energy Plants

Relaxed Norms To Boost Waste-To-Energy Plants

Activities such as segregation, composting, refuse-derived fuel (RFD) making and setting up of waste-to-energy plants up to 15 megawatt capacity at existing landfill sites.

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