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September 26, 2018, Wednesday

LATEST NEWS ON POWER/COAL/MINES/RE/OIL AND GAS/INFRASTRUCTURE AND TRANSPORTATION

A MUST READ

Finance Ministry, Asian Development Bank Review 55 Projects Worth $13.5 Billion

Finance Ministry, Asian Development Bank Review 55 Projects Worth $13.5 Billion

The Finance Ministry and Asian Development Bank (ADB) jointly reviewed 55 projects worth USD 13.5 billion financed by the multilateral lender.

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US Government Report Warns Climate Change Is Real

US Government Report Warns Climate Change Is Real

The US government released today a major scientific report that says climate change is real, “extremely likely” to be caused by human activity, and affecting the daily lives of Americans.

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NHBF Flays NHAI’s Move To Make ‘Debarred’ Companies’ Names Public

NHBF Flays NHAI’s Move To Make ‘Debarred’ Companies’ Names Public

Highways builders body NHBF took a strong exception to NHAI’s move to put in public domain the names of companies which had been barred from bidding for road projects, saying it has no authority to do so.

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We Will Take Corrective Actions Across Our Units: NTPC CMD Gurdeep Singh

We Will Take Corrective Actions Across Our Units: NTPC CMD Gurdeep Singh

NTPC Ltd will take corrective actions - in design, construction, and operations - - related not only to the unit in Uttar Pradesh where an accident led to 32 deaths but in future units also, its chairman and managing director Gurdeep Singh said on Friday.

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Power Grid Plans To Raise Rs 3,000 Crore Through Masala Bonds

Power Grid Plans To Raise Rs 3,000 Crore Through Masala Bonds

State-run Power Grid Corporation (PGCIL), which reported 14.37 per cent increase in its net profit for the quarter ended September 30 at Rs 2,141.04 crore, plans to raise around Rs 3,000 crore through masala bonds.

 

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Coal Ministry Launches App For Transparency In Coal Despatches Through Road

Coal Ministry Launches App For Transparency In Coal Despatches Through Road

The coal ministry has launched a mobile application to facilitate Coal India customers to lift coal through road.

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34 Power Projects Defaulted On Loans

34 Power Projects Defaulted On Loans

The Finance Ministry refused to list out 34 power projects that defaulted on bank loans worth crores of rupees to a Parliamentary panel on Energy on Thursday.

 

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Delhi Power Discoms To Purchase 1,000 Mw Clean Energy By 2019

Delhi Power Discoms To Purchase 1,000 Mw Clean Energy By 2019

The power discoms in Delhi will be able to purchase 1,000 MW clean electricity by 2019, a major step towards implementing the AAP government's solar policy.

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Tata Power Q2 Profit Misses Estimate, One-Off Items Hurt

Tata Power Q2 Profit Misses Estimate, One-Off Items Hurt

India's Tata Power Co Ltd reported a nearly 44 percent slump in quarterly profit, hurt by one-off charges related to its stake in Tata Teleservices Ltd and its Rithala plant.

 

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India Capable To Meet Paris Agreement Climate Targets: IFC

India Capable To Meet Paris Agreement Climate Targets: IFC

Developing countries like India can meet the climate targets under the Paris Agreement by catalysing trillions of dollars in private investment through policy reforms and innovative business practices, World Bank arm IFC said in a report today.

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Tax Dispute Stalls Solar Panel Cargoes, Delaying Projects

Tax Dispute Stalls Solar Panel Cargoes, Delaying Projects

Several solar projects in India are facing delays and inflated costs as customs officials have blocked more than 900 containers of panel shipments for more than a month by demanding higher import duties.

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Global Crude Oil Price Of Indian Basket Was Us$ 59.07 Per Bbl On 02.11.2017

Global Crude Oil Price Of Indian Basket Was Us$ 59.07 Per Bbl On 02.11.2017

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$ 59.07 per barrel (bbl) on 02.11.2017.

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Need To Promote Flexible Gas Markets: Dharmendra Pradhan

Need To Promote Flexible Gas Markets: Dharmendra Pradhan

India today called on natural gas producers and consumers to join hands to promote flexible and transparent global markets for gas.

 

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India's Crude Oil Production Flat In September, Import Bill Rises 21 Per Cent

India's Crude Oil Production Flat In September, Import Bill Rises 21 Per Cent

India’s crude oil production in September remained flat at 2,920 Thousand Metric Tonne (TMT) as compared to the corresponding month a year ago while natural gas output grew 4.74 per cent to 2,723 Million Standard Cubic Meter (MMSCM) in the same month.

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India Expands Outreach With Arab World; Several Engagements In Pipeline

India Expands Outreach With Arab World; Several Engagements In Pipeline

India is set to strengthen its relations with the Arab world with a slew of measures aimed at expanding security, economic and socio-cultural partnerships.

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Cairn India To Start Drilling In Kg Basin By May 2018

Cairn India To Start Drilling In Kg Basin By May 2018

Cairn India, a subsidiary of Vedanta Ltd, plans to start drilling works at 64 exploratory and appraisal wells in the KG Basin by May 2018, said acting CEO Sudhir Mathur at a conference call on Thursday after announcing the second quarter results of Vedanta.

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Oil Major Total Sees Risks To Saudi Reform Drive

Oil Major Total Sees Risks To Saudi Reform Drive

Saudi Arabia's push for reforms could face a backlash from within and there is no guarantee the drive by Crown Prince Mohammed bin Salman will succeed, one of the biggest oil investors in the Middle East, France's Total , said on Thursday.

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PESB Recommends Subhash Kumar As New Director Finance For ONGC

PESB Recommends Subhash Kumar As New Director Finance For ONGC

Public Enterprise Selection Board (PESB) recommended the name of Subhash Kumar, former Director (Finance) at Petronet LNG Ltd, for the post of Director (Finance) at Oil and Natural Gas Corporation (ONGC).

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In Big Crackdown Against Infrastructure Companies, NHAI Cancels PPP, EPC Projects

In Big Crackdown Against Infrastructure Companies, NHAI Cancels PPP, EPC Projects

The National Highways Authority of India (NHAI) has terminated the work contracts of several companies, including Larsen and Toubro and Essel Infra, due to faulty bidding for Public Private Partnership projects and EPC projects.

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Western Railways Launches 'Eyewatch Railways' App For Women's Safety

Western Railways Launches 'Eyewatch Railways' App For Women's Safety

The Railway Protection Force or RPF of Western Railway has developed and introduced a mobile application for the security of women commuters travelling between Churchgate and Virar suburban railway stations.

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CVC May Roll Out Integrity Index By January Next Year

CVC May Roll Out Integrity Index By January Next Year

The Central Vigilance Commission (CVC) expects to roll out the "integrity index" that is being worked out with IIM-Ahmedabad, by January next year, on a pilot basis, CVC K V Chowdary said here today.

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Asian Infra Bank To Have $1 Billion Portfolios This Year

Asian Infra Bank To Have $1 Billion Portfolios This Year

The Asian Infrastructure Investment Bank is expected to invest around $1 billion in Indian projects this year. The Beijing-based multilateral development bank is looking at a pipeline of projects worth $5 billion next year.

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French Business Delegation Meets DIPP To Discuss Ease Of Doing Business

French Business Delegation Meets DIPP To Discuss Ease Of Doing Business

On Thursday, the Indo-French Chamber of Commerce and Industry(IFCCI) and the French Embassy led a business delegation to meet with Invest India and the Department of Industrial Policy and Promotion (DIPP) to discuss the Ease of Doing Business in India.

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New Railways Model To Predict Chances Of Ticket Confirmation

New Railways Model To Predict Chances Of Ticket Confirmation

The Indian Railways may not be able to provide confirmed berths to all those who book tickets, but it will soon start predicting on its website if waitlisted tickets have any chance of getting confirmed at all.

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Come Feb, Kolkata To Get A Taste Of Travelling In The Most Advanced Metro Coaches

Come Feb, Kolkata To Get A Taste Of Travelling In The Most Advanced Metro Coaches

Come February, the commuters of Kolkata Metro would finally get a taste of travelling in the most advanced coaches they have seen, with China-made rakes making their way into the 'City of Joy', a senior railways official said.

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Three-tier Monitoring For Bullet Train Project

Three-tier Monitoring For Bullet Train Project

A three-tier system will monitor the Ahmedabad-Mumbai bullet train project, the deadline for which has been pushed forward by a year to 2022.

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Sagarmala Project To Save Rs 40k Cr A Year In Logistics Cost: Chaudhary Birender Singh

Union steel minister Chaudhary Birender Singh on Thursday said that the Sagarmala Project would lead to logistics cost saving of Rs 40,000 crore per annum by 2025

Union steel minister Chaudhary Birender Singh on Thursday said that the Sagarmala Project would lead to logistics cost saving of Rs 40,000 crore per annum by 2025. Singh Flagged off Rashtriya Ispat Nigam Ltd’s (RINL) maiden coastal shipment from Visakhapatnam Port.

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