​GOOD MORNING INDIA!

November 20, 2018, Tuesday

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

UDAY Makes A Difference In Discoms' Finances

The Ujjwal Discom Assurance Yojana (UDAY) introduced by the Narendra Modi government to reduce interest burden on debt-laden power distribution companies (discoms) seems to be finally yielding results, bolstering hope that 24x7 power supply would become a reality.

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India, Russia Sign 3 Contracts On Kudankulam

India, Russia Sign 3 Contracts On Kudankulam

India and Russia have signed three contracts for constructing Units 5 and 6 for the Kudankulam Nuclear Power Plant (NPP).

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Power Grid Corporation Of India Q1FY18 Standalone Net Profit Rises 13.9% Yoy : In-line With Estimates

Power Grid Corporation Of India Q1FY18 Standalone Net Profit Rises 13.9% Yoy : In-line With Estimates

Power Grid Corporation's Q1FY18 standalone results for the quarter were largely in-line with street estimates. Revenue for the quarter came in 1% higher than the estimated figure of Rs. 7108 crore.

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India Among Top Ten Green Bond Market, Says Energy Research Firm Bridge To India Report

India Among Top Ten Green Bond Market, Says Energy Research Firm Bridge To India Report

Energy research firm Bridge to India noted that with the combined issuance of $4 billion, India has put itself among the top ten green bond markets in the world.

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Relief On Way For Fuel-starved Power Plants

Relief On Way For Fuel-starved Power Plants

Power plants idling away due to non-availability of coal may soon get relief, with the government planning to relax electricity procurement norms for distribution companies.

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Government Plans Major Change In Power Purchase Norms

Government Plans Major Change In Power Purchase Norms

The government is planning a major change in the power purchase norms to help stressed plants get coal supplies and start generation as the revised sales pact will make it more attractive for distribution companies to buy electricity from them.

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Inox Wind Freed From Bankruptcy Proceedings

Inox Wind Freed From Bankruptcy Proceedings

In a major relief to Inox Wind, the National Company Law Appellate Tribunal (NCLAT) has quashed insolvency proceedings against the integrated wind turbine manufacturer, allowing its board of directors to take charge again

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Tech Breakthrough: Thermax To Produce Methanol From Coal

Tech Breakthrough: Thermax To Produce Methanol From Coal

Thermax is in the process of manufacturing methanol from coal, a technological breakthrough that would help India step up domestic production of the green fuel and cut dependence on imports.

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Siemens Net Jumps By 50 Per Cent

Siemens Net Jumps By 50 Per Cent

Power equipment major Siemens Ltd has delivered yet another quarter of impressive revenue and profit growth, thanks to strong performance of all its key businesses.

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Parijat Industries First Solar Plant Helping India To Achieve Its Solar Energy Target

Parijat Industries First Solar Plant Helping India To Achieve Its Solar Energy Target

The continuous use of fossil fuels is set to face multiple challenges. From global warming and other environmental concerns, to geopolitical and military conflicts, and of late, continued and significant fuel price rise; renewable energy is the solution to the growing energy challenges as they are abundant, inexhaustible and environmentally friendly.

 

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Subsidised Cooking Gas LPG Price Hiked By Rs 2 Per Cylinder

Subsidised Cooking Gas LPG Price Hiked By Rs 2 Per Cylinder

Subsidised cooking gas (LPG) price was today hiked by over Rs 2 per cylinder in line with the government decision to raise rates every month to eliminate all subsidies by fiscal end.

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Petrol Pump Dealers' Commissions Hiked By Up To 55%

Petrol Pump Dealers' Commissions Hiked By Up To 55%

State oil companies have increased the commission for petrol pump dealers by up to 55% under a revised formula that accounts for higher staff wages and, for the first time, the return on investment in land used for the filling station.

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Global Crude Oil Price Of Indian Basket Was Us$ 50.80 Per Bbl On 31.07.2017

Global Crude Oil Price Of Indian Basket Was Us$ 50.80 Per Bbl On 31.07.2017

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$ 50.80 per barrel (bbl) on 31.07.2017.

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Strong US Fuel Demand Propels Oil Above $50

Strong US Fuel Demand Propels Oil Above $50

US crude oil prices have shown signs of hardening this week on strong fuel demand but upward price movement is facing resistance from global oversupply.

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India Refiners Outshine Asia Peers With New Output, Rising Local Demand

India Refiners Outshine Asia Peers With New Output, Rising Local Demand

Indian refiners are outperforming their competitors in South Korea and Thailand as they have ramped up output from new fuel and chemical capacities to meet rising domestic demand that could further lift their earnings over the next two years.

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BP Sees Earnings Slip As Spill Costs Continue To Weigh

BP Sees Earnings Slip As Spill Costs Continue To Weigh

Oil producer BP's second-quarter earnings slipped 5 percent as the Deepwater Horizon disaster continued to weigh on the company.

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India's LPG Imports Likely To Rise 10% In Fiscal 2017-18: Traders

India's LPG Imports Likely To Rise 10% In Fiscal 2017-18: Traders

India's LPG imports are expected to rebound from July onwards and is on track for a 10% annual increase in the current fiscal 2017-2018 (April-March), after plunging to the lowest in two years in June, trade sources from four oil and gas companies in India said recently.

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ONGC Waits 12 Years For Tripura Gas Exploration Nod, Causes Revenue Loss

ONGC Waits 12 Years For Tripura Gas Exploration Nod, Causes Revenue Loss

State-owned ONGC has, for the last 12 years, not been able to proceed with its gas exploration work in a vital reserve in Tripura due to lack of environmental clearance, causing a huge revenue loss.

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ONGC Gives Rs 6.78 Crore For Clean Tirumala Initiative To TTD

ONGC Gives Rs 6.78 Crore For Clean Tirumala Initiative To TTD

ONGC today handed over Rs 6.78 crore for "clean Tirumala" initiative under Swachh Bharat Mission to Tirumala Tirupati Devasthanams, which governs the famous temple of Lord Venkateswara at Tirumala near here.

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Mukesh Ambani's Wealth Tops Li Ka-shing As Debt Fuels Reliance Growth

Mukesh Ambani's Wealth Tops Li Ka-shing As Debt Fuels Reliance Growth

Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones.

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Major Push To Highways Sector In The Country Under Bharatmala : Govt

Major Push To Highways Sector In The Country Under Bharatmala : Govt

The Ministry of Road Transport and Highways is all set to construct a total of 24,800 km of National Highways under the proposed Phase-I of Bharatmala Pariyojana.

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China Building High-Speed Rail Tunnel Below Great Wall

China Building High-Speed Rail Tunnel Below Great Wall

China is constructing a 12-km-long high-speed train tunnel through one of the portions of its iconic Great Wall to connect Zhangjiakou city which is due to co-host 2022 winter Olympics along with Beijing.

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Our Wi-Fi At Indian Railway Stations Is Better Than San Francisco, London Wi-Fi: Google

Our Wi-Fi At Indian Railway Stations Is Better Than San Francisco, London Wi-Fi: Google

As a part of Prime Minister Modi's Digital India initiative, the Indian Railways have partnered with Google to provide Wi-Fi broadband facility to passengers at major railway stations across the country.

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Decline In Coach Production At RCF Kapurthala

Decline In Coach Production At RCF Kapurthala

The Rail Coach Factory (RCF) here, one of the country's largest coach manufacturing units, is facing a crisis due to a shortage of supply of components from suppliers.

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