​GOOD MORNING INDIA!

November 20, 2018, Tuesday

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

EESL To Instal Energy Efficient Appliances In 10,000 Large Central Government Offices; Finance Ministry Issues Guidelines

EESL To Instal Energy Efficient Appliances In 10,000 Large Central Government Offices; Finance Ministry Issues Guidelines

Finance Ministry issues guidelines For All Central Government offices to retrofit energy Efficient Appliances; Department of Expenditure decides Energy Efficiency Services Limited (EESL)to execute work on nomination basis

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REC's Loan Sanctions More Than Double In Q1

REC's Loan Sanctions More Than Double In Q1

REC on Friday said its loan sanctions more than doubled in the quarter ended June from the same period last year.

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Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.

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Tangendco's Udangudi, DVC's Bokaro Walk Away With A Third Of REC Loan Sanctions In Q1

Tangendco's Udangudi, DVC's Bokaro Walk Away With A Third Of REC Loan Sanctions In Q1

Tangedco’s 1,320 MW Udangudi and DVC’s 500 MW Bokaro are among major beneficiaries of Rs 33,868 crore loans sanctioned by REC during the quarter ended June.

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Suzlon Posts Rs 47.84 Cr Profit In April-june Quarter

Suzlon Posts Rs 47.84 Cr Profit In April-june Quarter

Aug 11 Renewable energy solution provider Suzlon Energy posted consolidated net profit of Rs 47.84 crore in the quarter ended June 30, 2017 on the back of higher income.

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Rural Electrification Corporation (REC) Appoints Consultant To Review Business Procedures

Rural Electrification Corporation (REC) Appoints Consultant To Review Business Procedures

State-owned Rural Electrification Corporation (REC) has appointed a consultant to review its business procedures and flag inadequacies and weaknesses therein, company chairman PV Ramesh said on Friday.

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Japan Keen To Increase Cooperation In Energy Sector:Ambassador

Japan Keen To Increase Cooperation In Energy Sector:Ambassador

Japan today said its technologies can provide solutions for challenges being faced by India in the energy sector which offers huge opportunity for cooperation.

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JSW

JSW Energy To Make Electric Vehicles, To Invest Rs 3500 Cr To Rs 4000 Cr

Finding synergy in its group businesses which make steel and produce electricity with electric vehicles, Sajjan Jindal’s JSW Energy on Friday committed an investment of up to Rs 4000 crore for setting up an electric vehicle project and a supporting ecosystem to manufacture electric batteries and charging stations from the ground up.

 

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JSW

JSW Energy Q1FY18 Consolidated Net Profit Declines 40.5% Yoy : Misses Estimates

JSW Energy's Q1FY18 consolidated results for the quarter registered a miss versus consensus estimates. Revenue for the quarter came in 7.3% lower than the estimated figure of Rs. 2407 crore. EBITDA for the quarter came in 14.2% lower than the estimated figure of Rs. 1013 crore.

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PTC India

PTC India Q1 Net Profit Up 15.77% At Rs 65.35 Cr

PTC India reported 15.77 per cent jump in standalone net profit at Rs 65.35 crore in the first quarter ended June, on back of higher revenues.

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Solar Roofs

India: France’s Engie In Talks To Partner Everest Industries For Solar Roofs

Attracted by India’s solar energy potential, French energy company Engie is in talks with the country’s largest roof manufacturer Everest Industries Ltd for a partnership for solar-ready roofs, said several people aware of the development.

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Declare Village

Declare Village Electrified Only When All Families Get Power: Panel

A parliamentary panel has recommended that a village should be declared electrified only after providing power connections to all households there.

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solar panel

Ranchi University Harnesses The Sun At Mohrabadi

The Ranchi University (RU) is the lone varsity among the five state varsities to adopt 'Green India Mission' scheme and install solar panels on the rooftops of five academic buildings at its Mohrabadi campus.

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CAG

Flouting Norms Led To Higher Bad Loans Of REC, PFC: CAG Report

New Delhi: Government auditor CAG today slammed state-owned REC and PFC for not following internal guidelines and RBI rules in sanctioning loans to independent power producers that led to surge in bad loans.

 

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GE

General Electric's New CEO Places $2.7 Mln Bet On Company'S Future

General ElectricCo's new Chief Executive Officer John Flannery made a big bet that the industrial company's flagging fortunes will improve, buying nearly $2.7 million in GE stock, according to a regulatory filing.

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BHEL

BHEL Net Profit Up 3.92 Per Cent At Rs 80.82 Crore In First Quarter

State-run power equipment maker BHEL has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017.

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DONG

DONG Energy Beats Forecasts, Says Project Start-Ups To Rise

Denmark's DONG Energy beat second-quarter profit forecasts on Thursday and said the start-up of more projects and a fall in construction costs would generate more cash, possibly making way for higher shareholder returns in coming years.

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IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the first quarter of FY’18, while continuing the growth momentum.

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Oil Demand Might Surprise On Upside: IEA

Oil Demand Might Surprise On Upside: IEA

In what should cheer crude producers, the International Energy Agency has forecast that oil demand growth will be stronger than expected this year.

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Global Crude Oil Price Of Indian Basket Was US$ 51.82 Per Bbl On 10.08.2017

Global Crude Oil Price Of Indian Basket Was US$ 51.82 Per Bbl On 10.08.2017

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$ 51.82 per barrel (bbl) on 10.08.2017.

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Indian Refiners Plan $35 Bn Investment in Petchem Projects

Indian Refiners Plan $35 Bn Investment in Petchem Projects

Mindful of threat posed by electric vehicles and renewable to the oil demand in future, India’s state-owned refiners are investing big time into petrochemical projects.

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PDVSA

Cooking Gas Shortages Force Venezuelans To Turn To Firewood

Venezuelan homemaker Carmen Rondon lives in the country with the world’s largest oil reserves, but has spent weeks cooking with firewood due to a chronic shortage of home cooking gas – leaving her hoarse from breathing smoke.

 

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OPEC

OPEC Sees Higher Crude Oil Demand In 2018, Points To Easing Glut

OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC-led production cut is getting rid of price-sapping excess supply.

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Railways Should Explore Non-fare Revenue Sources For Growth: Economic Survey

Railways Should Explore Non-fare Revenue Sources For Growth: Economic Survey

The economic survey-volume two tabled in Parliament on Friday has suggested that Indian Railways should explore the non-fare revenue sources for growth.

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Display Screens At Railway Stations In Next 4 Yrs: Govt

Display Screens At Railway Stations In Next 4 Yrs: Govt

Display screens will come up at at various stations in a phased manner in the next four years under Railway Display Network (RDN) project to communicate with passengers and also provide infotainment, the Rajya Sabha was informed today.

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Two Wagons Of Goods Train Derail Near Surgaon-banjari Station

Two Wagons Of Goods Train Derail Near Surgaon-banjari Station

Two wagons of a goods train jumped off the track near Surgaon-Banjari station on Itarsi- Khandwa section of Bhopal railway division today, disrupting rail traffic.

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Ivanka Trump

Ivanka Trump To Lead Us Delegation At Global Entrepreneurship Summit To Be Held In Hyderabad In November

Ivanka Trump, Advisor to President Donald Trump will lead the delegation at Global Entrepreneurship Summit (GES) which will be will be held November 28-30 in Hyderabad.

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India Projects BIMSTEC As Natural Choice For Neighbourhood First’ Policy

India Projects BIMSTEC As Natural Choice For Neighbourhood First’ Policy

Asserting that regional grouping under BIMSTEC enjoys the unique strengths of connecting South and South-East Asia, External Affairs Minister Sushma Swaraj today called upon its leaders to focus on priority areas of Counter-Terrorism and Transnational Crime; Transport & Communication;Tourism; and Environment & Disaster Management.

 

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railway

'Railways Should Commercially Exploit Land For Revenue'

The mid-year Economic Survey has recommended a slew of reforms in various sectors, including monetising land for revenue generation in Railways and privatisation of Air India.

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Transformative

India At 70: Why Indian Railways May Be Going Through Its Most Transformative Period

Railways in India were built by the British and the maharajas. Interesting snippets on railways in India, and their history, can be seen here and here. Indian Railways with its organisation and structure as we know it today was sculpted 1950 onwards. 

 

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Road Sector Alone Saved Rs 3 Trillion Worth Of Loans, Says Nitin Gadkari

Road Sector Alone Saved Rs 3 Trillion Worth Of Loans, Says Nitin Gadkari

As banks work overtime to resolve dud loans worth over Rs 8 trillion, Union minister Nitin Gadkari today claimed proactive steps taken by the government in the road sector have helped save Rs 3 trillion of loans from slipping into bad assets.

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Infra

Govt Committed To Infra; Multi-Pronged Strategy In Place

The government is committed to invest more in the infrastructure sector through schematic interventions like Bharatmala and has adopted a multi-pronged strategy to address infra issues, the Economic Survey said today.

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BIMSTEC

India To Host First BIMSTEC Disaster Management Exercise In October

External Affairs Minister Sushma Swaraj on Friday said that India will be hosting the first BIMSTEC Disaster Management Exercise in October this year.

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hahtoot Dam

India, World Bank Willing To Invest In Kabul's Shahtoot Dam

This willingness comes amid the country’s dire need for foreign investments in energy production from domestic resources.

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Venkaiah Naidu

Venkaiah Naidu Takes Oath As 13th Vice President Of India

M Venkaiah Naidu on Friday took oath as the 13th Vice President of India. A glittering ceremony was held at Rashtrapati Bhawan this morning. Prime Minister Narendra Modi and former PM Manmohan Singh were among the other dignitaries to attend the event.

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