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September 24, 2018, Monday

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

Century LED Targets Rs 100 Crore Topline

Century LED Targets Rs 100 Crore Topline

Floated a year and a half ago by the promoters of Century Plyboards’, Century LED is targeting a Rs 100 crore turnover in 2017-18 and hopes to double its manufacturing capacity from 10 million units to 20 million units next year.

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Ultra Electronics Warns On UK Defence Orders, CEO Quits

Ultra Electronics Warns On UK Defence Orders, CEO Quits

The boss of Ultra Electronics Holdings quit on Monday after Britain's government scaled back its business with the defence contractor, sending its shares tumbling 19 percent.

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KPTL Revenue Growth Of 7.0% Yoy (+9.6% Yoy Adjusted For The Impact Of Excise Duty)

KPTL Revenue Growth Of 7.0% Yoy (+9.6% Yoy Adjusted For The Impact Of Excise Duty)

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player and its subsidiaries JMC Projects (India) Limited (JMC) and Shree Shubham Logistics Ltd. (SSL) have announced their results for the quarter ended September 30, 2017

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Good News! Madhya Pradesh Breaks This Massive Power Record It Had Set Earlier

Good News! Madhya Pradesh Breaks This Massive Power Record It Had Set Earlier

The energy sector in India has been challenging for the government as the demand for energy in the country has been rising rapidly.

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Nepal Scraps $2.5 Billion Hydropower Plant Deal With Chinese Company

Nepal Scraps $2.5 Billion Hydropower Plant Deal With Chinese Company

Nepal has scrapped a $2.5 billion deal with China Gezhouba Group Corporation to build the country’s biggest hydropower plant, citing lapses in the award process, the energy minister said.

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China To Resolve Renewable Energy Waste Problem By 2020 -NEA

China To Resolve Renewable Energy Waste Problem By 2020 -NEA

China aims to resolve the problem of wasted power in its renewable energy sector by 2020, the country's National Energy Administration (NEA) said in a statement on Monday.

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Coal India's Average Loading Of Rakes Rises 7 Per Cent In Second Quarter

Coal India's Average Loading Of Rakes Rises 7 Per Cent In Second Quarter

Coal India Ltd (CIL) on Monday said its average loading of rakes per day went up to 208.8 in the second quarter of the current fiscal - up by 7 per cent from 195.2 rakes per day on a same quarter comparison of last year.

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Govt Awards 250 Mw Power Capacity Under Second Wind Auction To Sembcorp Green Infra

Govt Awards 250 Mw Power Capacity Under Second Wind Auction To Sembcorp Green Infra

The government has awarded a 250 megawatt (MW) wind power project to Singapore-based Sembcorp’s renewable energy arm Sembcorp Green Infra under India’s second nationwide wind power tender.

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Over 600 Per Cent Jump In Railways’ Earnings From Imported Coal Transport For Power Plants

Over 600 Per Cent Jump In Railways’ Earnings From Imported Coal Transport For Power Plants

The shortage of coal supply witnessed by thermal power plants last month has turned out to be a blessing in disguise for Indian Railways that alone hauls a bulk of India’s coal.

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Karnataka Government, Regulator Spar Over Wind Power Tariffs

Karnataka Government, Regulator Spar Over Wind Power Tariffs

In an embarrassing development, the Karnataka government and its power regulator exchanged letters sticking to their positions in a dispute over whether power from wind projects commissioned before March 31 this year should be paid Rs 4.50 per unit or Rs 3.74.

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Eighteen Firms Bid To Supply Wind Power In GUVNL Auction

Eighteen Firms Bid To Supply Wind Power In GUVNL Auction

Gujarat Urja Vikas Nigam Limited (GUVNL) has received bids from 18 companies for the supply of 500 MW wind power to the state-run power utility.

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GE To Focus On Three Key Units, Exit Most Other Operations - WSJ

GE To Focus On Three Key Units, Exit Most Other Operations - WSJ

General Electric Co's Chief Executive John Flannery plans to disclose a road map for the company on Monday that will focus on three of its biggest business lines - aviation, power and healthcare, the Wall Street Journal reported, citing a person familiar with the matter.

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NTPC Q2 Profit Down 2.3% At Rs2,438 Crore In Q2

NTPC Q2 Profit Down 2.3% At Rs2,438 Crore In Q2

State-owned power giant NTPC Ltd on Monday reported a decline of 2.3% in its standalone net profit at Rs2,438.60 crore for quarter ended September due to higher borrowing and depreciation cost.

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With Macron Visiting Next Year, India Wants To Revive Jaitapur Nuclear Plant. Here's Why It Is A Bad Idea

With Macron Visiting Next Year, India Wants To Revive Jaitapur Nuclear Plant. Here's Why It Is A Bad Idea

French President Emmanuel Macron’s India visit is now scheduled for early 2018. There is a high chance that whenever he visits India, the issue of reviving the Jaitapur nuclear power plant will be on the agenda.

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Azure Power Wins Mini And Micro Grid Projects In Jharkhand, India

Azure Power Wins Mini And Micro Grid Projects In Jharkhand, India

India-based solar firm Azure Power is expanding into rural electrification via mini and micro grid development in the East Indian state of Jharkhand.

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Sembcorp Wins Second Indian Wind Power Project

Sembcorp Wins Second Indian Wind Power Project

Its renewable energy business Sembcorp Green Infra was awarded a 250-megawatt project in the country’s second nationwide wind power tender, a press statement said on Monday (Nov 13).

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Coal Stock Situation To Improve As Power Sector Gets Weather Breather

Coal Stock Situation To Improve As Power Sector Gets Weather Breather

The panic over the coal stock situation at the country's power utilities is likely to abate as the demand would reduce due to season change.

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Wind Power Projects India Market 2017- By Develop Strategies Based On The Latest Regulatory Events

Wind Power Projects India Market 2017- By Develop Strategies Based On The Latest Regulatory Events

Allotment of priority to wind power in terms of inter-state transmission shall see the stranded assets in the sector a silver lining and the sale through OA mechanism may also gain pace especially in the state’s where demand outshines supply in the country.

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Karnataka Wind Tariffs: Regulator, Energy Department Engaged In Big Tiff

Karnataka Wind Tariffs: Regulator, Energy Department Engaged In Big Tiff

Wind power developers in Karnataka with commissioned capacity of 270 MW are hit as the state’s energy department and electricity regulator engaged in a tiff over tariff rates.

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Russia Eyes Over 50% Localisation For New Kudankulam Reactors

Russia Eyes Over 50% Localisation For New Kudankulam Reactors

Russia, which is building the 6,000-mw Kudankulam nuclear plant, plans to raise localisation to more than 50 per cent for the upcoming units at the Tamil Nadu plant from the present 20 per cent levels.

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Coal Import Graph Turns Flat At 16.65 Mt For October

Coal Import Graph Turns Flat At 16.65 Mt For October

Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.

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Despite Higher Demand And Sale Price, CIL Shocks With Drop In Profit

Despite Higher Demand And Sale Price, CIL Shocks With Drop In Profit

A sudden surge in demand has helped Coal India Ltd (CIL) get higher realisation from its sale of coal in the open market through auctions in the first half of the year.

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‘Solar Mamas’ Power Up Women’s Development

‘Solar Mamas’ Power Up Women’s Development

“It is time we focus on women.” These are the words of Sanjit “Bunker” Roy, the founder of Barefoot College. 

 

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1.5 MW Small Hydro Power Plant In Biaras Drass, Kargil (J&k) Becomes First Project To Be Commissioned Under PM's Ladakh Renewable Energy Initiative

1.5 MW Small Hydro Power Plant In Biaras Drass, Kargil (J&k) Becomes First Project To Be Commissioned Under PM's Ladakh Renewable Energy Initiative

The Biaras Small Hydro Power Project (SHP) of 1.5 MW capacity, in Biaras Drass, Kargil Jammu & Kashmir, was commissioned on 4th November 2017.

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Aluminium Industry Turns To PMO To Help Fix Coal Shortage

Aluminium Industry Turns To PMO To Help Fix Coal Shortage

Seeking PMO's intervention for adequate coal supply to the aluminium industry, key players have said the shortages have put 7.5 lakh jobs in the sector at risk and investments are bogged down by a heavy debt load of Rs 70,000 crore.

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Pakistan Expects No More Big Firms To Exit LNG Projects -Minister

Pakistan Expects No More Big Firms To Exit LNG Projects -Minister

Pakistan does not anticipate any more major companies will pull out of the liquefied natural gas (LNG) projects after the exit of Exxon Mobil, a state minister said on the sidelines of an Abu Dhabi energy conference.

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Aramco Plans To Spend $300 Bln Over 10 Years In Upstream Oil And Gas -CEO

Aramco Plans To Spend $300 Bln Over 10 Years In Upstream Oil And Gas -CEO

Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.

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GAIL Pipeline: Kerala Govt To Double Compensation For Land Owners

GAIL Pipeline: Kerala Govt To Double Compensation For Land Owners

After violent protests erupted over the laying of GAIL pipelines through thickly- populated areas in Malappuram and Kozhikode districts, the Kerala government has decided to double the compensation for land owners.

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Abu Dhabi National Oil Company To Put Fuel Stations On Stock Market

Abu Dhabi National Oil Company To Put Fuel Stations On Stock Market

United Arab Emirates: The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market.

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IOCL's Paradip PPU To Be Ready By June 2018

IOCL's Paradip PPU To Be Ready By June 2018

The polypropylene unit being set up by Indian Oil Corporation Ltd (IOCL) will be commissioned in Odisha's Paradip by June 2018, said an official on Monday.

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Global Crude Oil Price Of Indian Basket Was US$ 62.66 Per Bbl On 10.11.2017

Global Crude Oil Price Of Indian Basket Was US$ 62.66 Per Bbl On 10.11.2017

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$ 62.66 per barrel (bbl) on 10.11.2017.

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IOCL To Organise Petrochemical Investors Conclave In Odisha

IOCL To Organise Petrochemical Investors Conclave In Odisha

Indian Oil Corporation Ltd will organise a conclave here on Thursday, with an aim to provide a platform for young investors to interact with business leaders of the petrochemical industry, government functionaries and financial institutions.

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L&T Hydrocarbon Arm Wins Rs 1,267 Crore Contract From ONGC

L&T Hydrocarbon Arm Wins Rs 1,267 Crore Contract From ONGC

L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Mumbai-based engineering giant Larsen and Tubro(L&T), announced it has bagged an offshore contract from Oil and Natural Gas Corporation (ONGC) valued at Rs 1,276 crore.

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ONGC Yet To Arrive At Valuation For HPCL

ONGC Yet To Arrive At Valuation For HPCL

Oil and Natural Gas Corporation Ltd (ONGC) is not yet clear about the valuation of Hindustan Petroleum Corporation Ltd (HPCL), the oil marketing company it expects to acquire by around March next year.

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Quora User Asks If India Needs Bullet Train, Gets Reply From Railway Minister Piyush Goyal

Quora User Asks If India Needs Bullet Train, Gets Reply From Railway Minister Piyush Goyal

A person on Quora, a website where users ask question and invite answers from the online community, asked a simple, one-line question

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JP Associates-JSW Keen On Resolution Of Jaypee Infra

JP Associates-JSW Keen On Resolution Of Jaypee Infra

Debt-riden Jaiprakash Associates said today that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan.

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AG&P

Paradip Port Trust ‘Can Hold Rates Till 2019’

Paradip Port Trust, located in Odisha, has received the regulator’s nod to hold rates till March 2019, as India’s fastest-growing state-owned port pulls out all stops to retain existing customers and lure new cargo to reach the goal of 100 million tonnes (mt) by March 2018.

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Railways To Use GPS-Enabled Fog Safety Devices In Trains

Railways To Use GPS-Enabled Fog Safety Devices In Trains

In a bid to ensure timely running of trains during winter, the Railways has planned to use GPS-enabled fog safety devices in the trains to alert the loco pilot about approaching signals.

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Eight Trains Cancelled, 69 Delayed Due To Fog

Eight Trains Cancelled, 69 Delayed Due To Fog

At least eight trains were cancelled and over 69 delayed due to fog in northern India on Monday, officials said.

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Dedicated Freight Corridors Project To Have Multiplier Effect On The Logistics Industry: ICRA

Dedicated Freight Corridors Project To Have Multiplier Effect On The Logistics Industry: ICRA

The commissioning of dedicated freight corridors (DFCs) is expected to benefit the Indian Railways (IR) in the medium to long term and will be a game-changer in the Indian logistics industry.

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Indian Railways & Amul Work Together To Bring The Taste Of India To Every Indian

Indian Railways & Amul Work Together To Bring The Taste Of India To Every Indian

A tweet sent out by Amul to the Indian Railways culminated in a unique business deal between the two. There have been numerous instances of Twitter exchanges between organisations but rarely has online banter materialised into an actual business.

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Railways To Increase Efficiency Via Skill-Based Training

Railways To Increase Efficiency Via Skill-Based Training

Indian Railways has decided to send its staff members for “skill-based training” to enhance their productivity and efficiency levels.

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10 Railway Stations To Have Airport-Like Facilities By 2020

10 Railway Stations To Have Airport-Like Facilities By 2020

The Indian government is planning to spend Rs 5,000 crore in a bid to revamp ten railway stations with airport-like facilities by 2020.

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Railway Orders Enquiry In Rivalry Leading To Train Delays

Railway Orders Enquiry In Rivalry Leading To Train Delays

The Railway Board has asked senior officials of the two zones, Northern Railway (NR) and North Central Railway (NCR), to investigate and find out officers responsible for halting more than half a dozen trains on November 8 at the outer circle of Palwal Railway Station.

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After 11-Yr Struggle, Sunam Railway Station Named After Udham Singh

After 11-Yr Struggle, Sunam Railway Station Named After Udham Singh

After a struggle of 11 years, Sunam residents have succeeded in getting their railway station renamed to Sunam Udham Singh Wala. Railway authorities issued a notification in this regard two days back.

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GST Impact On Infrastructure: New Tax Takes Toll On Award Of Road, Railways, Power Projects

GST Impact On Infrastructure: New Tax Takes Toll On Award Of Road, Railways, Power Projects

The value of projects awarded to build roads, railways, mining infrastructure, irrigation systems, water supply systems and power transmission lines fell 20.5% year-on-year to Rs 1.38 lakh crore in April-October 2017.

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CCTV Cameras In Locomotives To Track Drivers

CCTV Cameras In Locomotives To Track Drivers

For the first time ever, Southern Railway has installed CCTV cameras in a WAP 7 locomotive to monitor loco pilots during train operation.

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No Runway On Mumbai-Nagpur E-Way

No Runway On Mumbai-Nagpur E-Way

The Maharashtra State Road Development Corporation (MSRDC) has said that it has scrapped the plan to have emergency runways on the proposed 701-km-long Mumbai Nagpur Super Communication Expressway.

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Chenab Railway Bridge Can Withstand Earthquakes, Blasts: Railway Official

Chenab Railway Bridge Can Withstand Earthquakes, Blasts: Railway Official

The world's tallest bridge over the Chenab River in Jammu and Kashmir's Reasi district, currently under-construction, will be able to withstand up to 8 magnitude earthquakes and high-intensity blasts, according to railway officials.

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