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November 15, 2018, Thursday

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

NCLT Nod To Initiate Insolvency Against Bhushan Energy

NCLT Nod To Initiate Insolvency Against Bhushan Energy

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Bhushan Energy Ltd after admitting a plea from the country's largest lender State Bank of India (SBI).

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Retail Investors Over-Subscribe NMDC; Government To Get Rs 1,200 Crore

Retail Investors Over-Subscribe NMDC; Government To Get Rs 1,200 Crore

The government's 2.52 per cent stake sale in state-owned miner NMDC saw robust response from investors with the retail portion getting over-subscribed by 5.40 times today.

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J&K Has Hydro Power Potential Of 16,475 MW: J-K Govt

J&K Has Hydro Power Potential Of 16,475 MW: J-K Govt

Jammu and Kashmir has a potential to produce 16,475 MW of hydro power as per the assessment made by Central Electricity Authority (CEA), Deputy Chief Minister Nirmal Singh told Legislative Council here today.

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India: ReNew Power Raises $352m Debt Through NCDs To Prepay Loans

India: ReNew Power Raises $352m Debt Through NCDs To Prepay Loans

Leading Indian renewable energy firm ReNew Power Ventures Pvt. Ltd has raised Rs 2,235 crore ($352 million) through two non-convertible debt issues.

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Westinghouse Bailout Fuels Hope For India’s Nuclear Energy Sector

Westinghouse Bailout Fuels Hope For India’s Nuclear Energy Sector

The New Year has brought a fresh ray of hope in India's nuclear energy sector, with Westinghouse, the bankrupt energy company being sold to a Canadian investment major, Brookfield Business Partners this week.

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Vedanta, Tata Steel Among Bidders For Electrosteel

Vedanta, Tata Steel Among Bidders For Electrosteel

A clutch of large corporates including Vedanta, Tata Steel and Renaissance Steel India have submitted resolution plans for the debt-laden steel-maker Electrosteel Steels.

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IFC To Back Mahindra Renewables To Develop Solar Park In MP

IFC To Back Mahindra Renewables To Develop Solar Park In MP

Mahindra Renewables Private Limited (MRPL), a 100 per cent subsidiary of Mahindra Susten Private Limited plans to develop a solar park in Madhya Pradesh that will be backed by the International Finance Corporation (IFC).

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Higher Crude Oil Prices Mean Higher Product Prices: IOC Chairman Sanjiv Singh

Higher Crude Oil Prices Mean Higher Product Prices: IOC Chairman Sanjiv Singh

Rising crude oil prices would expand the need for working capital and raise energy cost for Indian Oil Corporation (IOC), the nation's largest refiner and fuel retailer, chairman Sanjiv Singh said in an interview to ET's Sanjeev Choudhary.

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K Sivakumar Resigns From BPCL

K Sivakumar Resigns From BPCL

K Sivakumar has resigned from the position of Director (Finance) at Bharat Petroleum Corp (BPCL) in just about seven months into the term.

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ONGC To Open India's 8th Sedimentary Basin With Kutch Gas Find

ONGC To Open India's 8th Sedimentary Basin With Kutch Gas Find

After a gap of over three- decades, state-owned Oil and Natural Gas Corp (ONGC) is set to open a new sedimentary basin in the country as it puts Kutch offshore on the oil and gas map of India.

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Mathura Refinery Revamps Units Ahead Of BS-VI Fuel Rollout

Mathura Refinery Revamps Units Ahead Of BS-VI Fuel Rollout

Mathura refinery has decided to go for innovation and revamp of its two units to meet the challenge of 100 per cent production of BS-VI grade fuel by 2020, a director said. 

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Oil Prices Hit Highest Since 2014, But Analysts Warn Of Overheated Market

Oil Prices Hit Highest Since 2014, But Analysts Warn Of Overheated Market

Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.

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Oil Exploration Shares Gain; Aban Offshore Up 9%

Oil Exploration Shares Gain; Aban Offshore Up 9%

Shares of oil exploration, equipment and services companies were trading higher on the bourses by up to 9% in otherwise subdued market on higher crude oil prices.

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Legacy Problems In Oil And Gas: New Licensing Policy Hurting Old Players

Legacy Problems In Oil And Gas: New Licensing Policy Hurting Old Players

As India enters the next phase of oil and gas exploration policy through the recently launched open acreage licensing policy (OPAL), the curtains have fallen on the policy regimes of the 1990s that opened up the business to the private sector.

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Govt’s Plan To Substitute Indian LPG Bullets Fails To Materialise

Govt’s Plan To Substitute Indian LPG Bullets Fails To Materialise

The government’s plan to substitute Indian liquefied petroleum gas (LPG) bullets to supply cooking gas in the country has suffered perennial delays as the issue has not received due priority from the concerned agencies.

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India's Fuel Demand Rose 7.5 Percent In December

India's Fuel Demand Rose 7.5 Percent In December

Consumption of fuel, a proxy for oil demand, totalled 17.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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Kolkata Metro Coaches

Metro Railway GM Meets Dinesh Trivedi For Expediting Projects

A top official of the Metro Railway Kolkata today met Trinamool Congress MP in Lok Sabha Dinesh Trivedi urging him to expedite all pending metro rail projects and resolve local problems through mutual discussion.

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'Win-win' Situation For India, Iran; Chabahar Port Issues Resolved: Gadkari

'Win-win' Situation For India, Iran; Chabahar Port Issues Resolved: Gadkari

Union Shipping Minister Nitin Gadkari on Wednesday said India and Iran have resolved all issues related to Chabahar port and will expedite the development works.

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Railways An Institution For Nation Building: Prez

Railways An Institution For Nation Building: Prez

Indian Railways is an institution for national service and nation building, President Ram Nath Kovind said today.

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Railways To Focus On Branding To Promote Rail Tourism

Railways To Focus On Branding To Promote Rail Tourism

To promote rail tourism in the country, the railways has asked its zonal arms and public sector undertakings to outsource their ticketing and catering works to IRCTC and concentrate on branding.

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Siemens To Electrify Metro Express Link In Gujarat, India

Siemens To Electrify Metro Express Link In Gujarat, India

Mass-transit operator Metro Link Express for Gandhinagar and Ahmedabad (MEGA) has awarded a contract worth roughly €76.04m to the consortium of Siemens India and Siemens Germany for electrification works along the 39.2km Metro Express Link in Ahmedabad in the Indian state of Gujarat.

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