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June 22, 2018, Friday

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

STORY OF THE DAY

Maharashtra, Gujarat, Himachal Cut VAT, Fuel To Get Cheaper

Maharashtra, Gujarat, Himachal Cut VAT, Fuel To Get Cheaper

Maharashtra, Gujarat and Himachal Pradesh today announced cuts in Value Added Tax (VAT) on petrol and diesel, effective from midnight, to bring down fuel prices in the three states.

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Diwali Bonanza: Petrol, Diesel To Cost Less In Gujarat, Maharashtra

Diwali Bonanza: Petrol, Diesel To Cost Less In Gujarat, Maharashtra

A week after Petroleum Minister Dharmendra Pradhan urged the state governments to cut the value added tax or VAT on petrol and diesel, two BJP-ruled states Gujarat and Maharashtra have today slashed the VAT on fuel.

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Gas Trading Exchange Coming Up: Dharmendra Pradhan

Gas Trading Exchange Coming Up: Dharmendra Pradhan

India will soon have its first gas trading exchange on the lines of existing online platforms that trade in power, Petroleum Minister Dharmendra Pradhan said on Tuesday.

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India Offers $300 Billion Investment Chance In Oil Sector: Dharmendra Pradhan

India Offers $300 Billion Investment Chance In Oil Sector: Dharmendra Pradhan

Oil Minister Dharmendra Pradhan today said India will offer investment opportunities worth USD 300 billion in the hydrocarbon sector over next 10 years so as to keep pace with the country's energy demand.

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Ensure 100% Electrification In J&K By December 2017: Power Minister R K Singh

Ensure 100% Electrification In J&K By December 2017: Power Minister R K Singh

Union Minister of State (IC) for Power and New & Renewable Energy, R.K. Singh reviewed power sector development in the State of Jammu & Kashmir on October 10 and reiterated the commitment of Government of India to provide uninterrupted reliable power supply to all the citizens of the country including Jammu & Kashmir.

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India’s Power Sector ‘Held Hostage’ By Weak Electricity Providers, Vinayak Chatterjee Says

India’s Power Sector ‘Held Hostage’ By Weak Electricity Providers, Vinayak Chatterjee Says

Government-run power distributors in India continue to hold the sector "hostage" as there has been little improvement in their operations despite multiple attempts over the years, Vinayak Chatterjee, chairman of Feedback Infra told BloombergQuint in an interview.

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Borosil Opens World’s First 2 Mm Tempered Solar Glass Facility

Borosil Opens World’s First 2 Mm Tempered Solar Glass Facility

Gujarat Borosil Ltd. on Tuesday inaugurated world’s first 2mm tempered glass production process at its Bharuch facility. The 2 mm solar glass is not only lighter than the current world standard of 3.2 mm.

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Coal India Workers Get 20% Wage Hike, Medical Trust

Coal India Workers Get 20% Wage Hike, Medical Trust

The 10th Wage Agreement of Coal Workers, which was pending from last year, was finalised by Coal India Limited and all the labour unions, with a 20 per cent increase in wages, new pension fund norms and a medical trust.

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Deep-Sea Wind Farm The Size Of India Could Generate Enough Sustainable Energy To Power The Entire Planet

Deep-Sea Wind Farm The Size Of India Could Generate Enough Sustainable Energy To Power The Entire Planet

A massive deep-sea wind farm in the North Atlantic covering an area the size of India could potentially power the entire world, research has shown.

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Adani Strikes Solar Energy Retail Deal

Adani Strikes Solar Energy Retail Deal

Indian energy giant Adani says it has found a retailer to sell energy generated by its new central Queensland solar plant.

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IIT Bombay Students Design Solar Energy Based House That Runs On Zero Electricity

IIT Bombay Students Design Solar Energy Based House That Runs On Zero Electricity

A sustainable house designed and built by IITians runs on energy collected by rooftop solar panels and even generates excess energy on bright sunny days to be stored for future purposes.

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Wartsila Set To Tap India’s Solar Power Potential

Wartsila Set To Tap India’s Solar Power Potential

The 5-billion euro Finnish energy systems provider, Wartsila, is looking to develop India as its biggest Asian market for battery storage solutions, given the huge potential from the country's solar power play, a top global executive told ET. 

 

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Mahbubnagar Gets 20 Units Of Subsidised Solar Power Packs

The Telangana State Renewable Energy Development Corporation (TSREDCO) has allocated 20 subsidised units of solar power packs to Mahbubnagar district.

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Load-Shedding: MSEDCL Buys 1,450-MW Power

Load-Shedding: MSEDCL Buys 1,450-MW Power

Faced with a power shortage that led to load-shedding across the state, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has now bought 1,450 MW power through short-term power purchase agreements with generators.

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Bhopal: MP Govt Signs Guarantee For Rewa Ultra Mega Solar Project

Bhopal: MP Govt Signs Guarantee For Rewa Ultra Mega Solar Project

The state government on Monday signed documents to give guarantee for procurement of solar power from Rewa Ultra Mega Solar project for the state discoms.

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Hydrogen Is Right Choice As Fuel For Automobiles: Scientist

Hydrogen Is Right Choice As Fuel For Automobiles: Scientist

As India plans to give a robust push to promote use of electric vehicles, a top scientist says hydrogen-based system would be the right choice in the long run given its potential to become fuel of the next generation.

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Himachal Pradesh Cuts VAT On Petrol, Diesel By 1 Per Cent

Himachal Pradesh Cuts VAT On Petrol, Diesel By 1 Per Cent

The Himachal government today decided to reduce VAT on petrol and diesel by 1 per cent to provide relief to people.

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Maharashtra Cuts VAT By Rs2 On Petrol, Rs1 On Diesel Per Litre; Calls It ‘Diwali Gift’

Maharashtra Cuts VAT By Rs2 On Petrol, Rs1 On Diesel Per Litre; Calls It ‘Diwali Gift’

Petrol will be cheaper by Rs2 and diesel by Re1 per litre across Maharashtra from Tuesday midnight after the state government reduced the value-added tax (VAT) on the fuels.

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Gujarat Slashes VAT On Fuel Prices By 4%

Gujarat Slashes VAT On Fuel Prices By 4%

The Bharatiya Janata Party (BJP)-ruled Gujarat has decided to slash the Value-Added Tax (VAT) on fuel prices in the state.

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Trishna Gas Project To Be Operational By Mar'19: ONGC

Trishna Gas Project To Be Operational By Mar'19: ONGC

An ONGC project for extraction of natural gas at Trishna in South Tripura would be operational by March, 2019, a top official of the company said here today.

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Call Off Strike On October 13, OMCs Tell Fuel Dealers

Call Off Strike On October 13, OMCs Tell Fuel Dealers

State-run oil-marketing companies (OMCs) have asked petrol pump dealers to cancel the 24-hour strike planned on October 13, saying there was no scope for further negotiations on their demands.

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Global Crude Oil Price Of Indian Basket Was US$ 55.24 Per Bbl On 9.10.2017

Global Crude Oil Price Of Indian Basket Was US$ 55.24 Per Bbl On 9.10.2017

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$ 54.24 per barrel (bbl) on 9.10.2017.

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Bold Reforms Have Put India Firmly On Growth Path: OPEC

Bold Reforms Have Put India Firmly On Growth Path: OPEC

India is experiencing some of the greatest structural changes as bold new reforms like note ban and GST have put the country firmly on a sustainable growth path, oil cartel OPEC's Secretary General Mohammed Barkindo said on Tuesday.

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Expect 40 Percent Capacity Utilisation Of Kochi Terminal By CY18: Petronet LNG

Expect 40 Percent Capacity Utilisation Of Kochi Terminal By CY18: Petronet LNG

The CERAWeek India Energy Forum is underway in New Delhi; CNBC-TV18's Nithya Balakrishnan caught up with Prabhat Singh of Petronet LNG and asked him about the status of the Kochi terminal project and other developments.

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World's Biggest Oil Company Plans Mega Investment In India

World's Biggest Oil Company Plans Mega Investment In India

Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer.

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Execution Of $6 Billion Investment Announced In June Underway: BP India

Execution Of $6 Billion Investment Announced In June Underway: BP India

Watch CNBC-TV18's Nitya Balakrishnan in an exclusive conversation with Sashi Mukundan, Head-India at BP

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OPEC Secretary General Urges US Shale Oil Producers To Help Cap Global Supply

OPEC Secretary General Urges US Shale Oil Producers To Help Cap Global Supply

Opec's Secretary General Mohammed Barkindo on Tuesday called on US shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term. 

 

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India On Firm Growth Path With Bold Moves Like Note Ban, GST: Opec

India On Firm Growth Path With Bold Moves Like Note Ban, GST: Opec

India is experiencing some of the greatest structural changes as bold new reforms like note ban and GST have put the country firmly on a sustainable growth path, oil cartel Opec's Secretary General Mohammed Barkindo said on Tuesday.

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Tripura Toughest For Gas Exploration With Best Success Ratio: Top ONGC Official

Tripura Toughest For Gas Exploration With Best Success Ratio: Top ONGC Official

Despite Tripura being the toughest zone for gas exploration in the world, the success ratio here is the best, a top ONGC official said.

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Crude Causing Pain To Modi Govt, But Giving A Smile To These Firms

Crude Causing Pain To Modi Govt, But Giving A Smile To These Firms

The spike in crude oil prices may have changed the fiscal equation for the Modi government and causing some headache to the Reserve Bank of India (RBI).

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Revival Of Gas Power Plants To Boost Consumption: Dharmendra Pradhan

Revival Of Gas Power Plants To Boost Consumption: Dharmendra Pradhan

Oil minister Dharmendra Pradhan on Monday said revival of 25 GW stranded gas-based capacity can push consumption of the fuel and transform the nation into a gas-based economy.

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Satisfied With Level Of Conformity Of Supply Adjustments By Countries: OPEC's Secretary General

Watch CNBC-TV18's Manisha Gupta in conversation with OPEC's Secretary General, Mohammed Barkindo, where he spoke about the output cut and his views on crude.

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Truckers Go Off Roads To Protest GST, Daily Diesel Price Revision

Truckers Go Off Roads To Protest GST, Daily Diesel Price Revision

Hundreds and thousands of trucks kept off the roads across the country on Monday beginning a two-day strike to protest against the GST and calling for an end to daily revision of fuel prices.

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Minister Of Petroleum And Natural Gas Shri Dharmendra Pradhan Addressed Global INDIA ENERGY FORUM - CERAWeeK

Minister Of Petroleum And Natural Gas Shri Dharmendra Pradhan Addressed Global INDIA ENERGY FORUM - CERAWeeK

Addressing the forum, Shri Pradhan said India will remain one of the fastest growing energy markets in the World in the coming two decades.

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Saudi Aramco Plans 'Mega Investment' In India, Eyes Refinery Business

Saudi Aramco Plans 'Mega Investment' In India, Eyes Refinery Business

Saudi Arabia's state-owned oil giant has "mega investment" plans for the world's fastest growing oil market, according to Saudi Arabian Oil Co.'s chief executive officer.

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Railways Looks To Woo Developers For Station Redevelopment Plan

Railways Looks To Woo Developers For Station Redevelopment Plan

Indian Railways is out to woo developers to ensure that its plan to develop railway stations is a success.

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Germany To Help Indian Railways To Increase Speed Of Trains On Existing Corridors

Germany To Help Indian Railways To Increase Speed Of Trains On Existing Corridors

German Railways will assist Indian Railways to make country's existing rail corridors semi high speed. The semi high speed trains will run at 200 km per hour.

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India Water Week 2017 Inaugurated 285 New Irrigation Projects to be Taken up by Next Year Says Gadkari

President Shri Ram Nath Kovind inaugurated India Water Week 2017 in New Delhi today. Speaking on the occasion Union Minister of Water Resources, River Development and Ganga Rejuvenation, Road Transport & Highways and Shipping Shri Nitin Gadkari said that 27 PMKSY projects will be completed by this year. 

 

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Here’s How Much People Pay For Metro Rides In Kolkata, Mumbai, Lucknow, Bengaluru

Here’s How Much People Pay For Metro Rides In Kolkata, Mumbai, Lucknow, Bengaluru

Starting today, Metro travellers in the Delhi-NCR region are paying more fare for their daily rides. The fare hike, which is between 20 and 50 per cent, is being vehemently opposed by the Arvind Kejriwal-led AAP government in Delhi.

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Domestic Banks Help Britain's FTSE Edge Ahead

Domestic Banks Help Britain's FTSE Edge Ahead

Britain's top share index inched up on Tuesday after finding support in gains among domestic banks Royal Bank of Scotland and Lloyds following a broker upgrade on hopes of a softer exit from the European Union.

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Central Railway Audit Points Out Infra Problems At Mumbai's Stations

Central Railway Audit Points Out Infra Problems At Mumbai's Stations

An audit report by Central Railway has found infrastructure at Mumbai’s railway stations to be in a sorry state, news daily DNA reported on Tuesday.

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Train Services Affected In Ne Due To 'Rail Roko' Agitation

Train Services Affected In Ne Due To 'Rail Roko' Agitation

A "Rail Roko" agitation by the All Bodo Students' Union (ABSU) on Tuesday affected train services in Assam and adjoining states, forcing the Northeast Frontier Railway (NFR) to cancel at least 20 inbound and outbound trains inconveniencing thousands of travellers.

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Reliance Infra In Exclusivity Talks With Adani Transmission

Reliance Infra In Exclusivity Talks With Adani Transmission

Reliance Infrastructure has entered into a period of exclusivity with Adani Transmission for proposed sale of its integrated business of generation, transmission and distribution of power for Mumbai.

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Delhi Metro Fares Increased, Rides Get Costlier From Today

Delhi Metro Fares Increased, Rides Get Costlier From Today

Starting Tuesday, Delhi Metro rides will become costlier by a maximum of Rs 10 for those travelling over two kilometres in the city.

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