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November 15, 2018, Thursday

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

Stressed Power Projects: Finance Minister Holds Review Meeting With Lenders

Stressed Power Projects: Finance Minister Holds Review Meeting With Lenders

Finance Minister Arun Jaitley today held a review meeting with lenders and senior officials on the financial stress faced by some of the power projects, including that of Tata Power and Adani Group in Gujarat.

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Fossil Fuels Blown Away By Wind In Cost Terms: Study

Fossil Fuels Blown Away By Wind In Cost Terms: Study

New onshore wind and solar energy projects are set to deliver electricity more cheaply than fossil fuels plants, with other green technologies also rapidly gaining a cost advantage over dirty fuels, a report published Saturday said.

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Proposed Safeguard Duty May Not Hit Ongoing Solar Power Projects

Proposed Safeguard Duty May Not Hit Ongoing Solar Power Projects

Amid fears of a proposed safeguard duty on imported solar cells thwarting India's solar mission, the government wants to ensure that the duty is prospective in nature, and does not impact ongoing solar projects, a top official in the renewable energy ministry said.

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Essar Group Eyes Rs 600 Crore Turnover From Coal Bed Methane In FY19

Essar Group Eyes Rs 600 Crore Turnover From Coal Bed Methane In FY19

The Essar Group expects turnover from coal bed methane (CBM) to touch Rs 600 crore in 2018-19 and double that in the subsequent two years, according to Vilas Tawde, chief executive officer of Essar Oil and Gas Exploration and Production.

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First Unit Of BTPS To Start Commercial Generation By January End

First Unit Of BTPS To Start Commercial Generation By January End

The first unit of 250 MW of Barauni Thermal Power Station, is expected to start commercial generation by the end of this month, a senior BTPS official said today.

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Chandigarh Electricity Department Seeks 20 Per Cent Hike In Power Tariff

Chandigarh Electricity Department Seeks 20 Per Cent Hike In Power Tariff

City residents should brace for higher tariff with electricity department submitting a proposal for enhancement in the existing rates.

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Mormugao Port Faces Rs 90 Crore Loss Over Coal Issues: Goa CM

Mormugao Port Faces Rs 90 Crore Loss Over Coal Issues: Goa CM

Goa Chief Minister Manohar Parrikar today said that the Mormugao Port Trust has faced a loss of Rs 90 crore for the current financial year.

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Safeguard Duty May Not Hit Ongoing Solar Projects

Safeguard Duty May Not Hit Ongoing Solar Projects

Amid fears of a proposed safeguard duty on imported solar cells thwarting India's solar mission, the government wants to ensure that the duty is prospective in nature, and does not impact ongoing solar projects, a top official in the renewable energy ministry said.

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Indian Refineries Footprint Visible Across World: Dharmendra Pradhan

Indian Refineries Footprint Visible Across World: Dharmendra Pradhan

Union Petroleum and Natural Gas Minister Dharmendra Pradhan said on Saturday that country's refineries were making their footprints visible across the world.

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Pawan Hans Helicopter Crash: Dharmendra Pradhan To Discuss Mumbai ONGC Chopper Incident With Nirmala Sitharaman

Pawan Hans Helicopter Crash: Dharmendra Pradhan To Discuss Mumbai ONGC Chopper Incident With Nirmala Sitharaman

Union Petroleum Minister Dharmendra Pradhan on Saturday said that he will discuss the Pawan Hans Dauphin”>Pawan Hans Dauphin N2 helicopter crash with Defence Minister Nirmala Sitharaman.

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Need $300 Investment To Double Refinery Capacity, Says Dharmendra Pradhan

Need $300 Investment To Double Refinery Capacity, Says Dharmendra Pradhan

India needs investment to the tune of $300 billion in the next 10 years to double its oil refining capacity, Union Petroleum Minister Dharmendra Pradhan said today.

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BP, Shell, Goldman Express Interest In Filling Indian Oil Stockpile: Government Report

BP, Shell, Goldman Express Interest In Filling Indian Oil Stockpile: Government Report

BP, Royal Dutch Shell, Goldman Sachs, Trafigura, Mangalore Refinery and Petrochemicals and Hindustan Petroleum Corp. have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state - government report

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India Needs 600 MMT Refinery Capacity By 2040: Dharmendra Pradhan

India Needs 600 MMT Refinery Capacity By 2040: Dharmendra Pradhan

India needs investment to the tune of 300 billion dollars in the next 10 years to double its oil refining capacity, Union Petroleum Minister Dharmendra Pradhan said today.

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Pawan Hans Helicopter Carrying ONGC Employees Crashes, 5 Bodies Recovered

Pawan Hans Helicopter Carrying ONGC Employees Crashes, 5 Bodies Recovered

A Pawan Hans helicopter carrying five ONGC employees and two crew members crashed off the Mumbai coast, ONGC confirmed in a statement on Saturday.

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Oil Surge May Harden RBI Outlook As Inflation Accelerates To 17-Month High

Oil Surge May Harden RBI Outlook As Inflation Accelerates To 17-Month High

India’s retail inflation accelerated more than estimated to a 17-month high and little respite is seen in the coming months amid a surge in oil prices, increasing the odds that borrowing costs will rise sooner than expected.

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Gulf OPEC Producers Plan To Keep Q1 Oil Output Below Year-earlier Level

Gulf OPEC Producers Plan To Keep Q1 Oil Output Below Year-earlier Level

Gulf OPEC producers plan to keep their oil output in the first quarter of 2018 below the year-earlier level despite strong demand growth and a decline in global inventories, a senior OPEC source familiar with Gulf oil thinking said on Friday.

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OPEC Need Not Rush Into Changing Global Supply-cutting Oil Pact - UAE

OPEC Need Not Rush Into Changing Global Supply-cutting Oil Pact - UAE

OPEC need not respond to a rise in oil prices by rushing to change a global supply-cutting pact, United Arab Emirates Energy Minister Suhail al-Mazroui said on Friday.

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W. Africa Crude-Sonangol Sells Out, IOC Opts for Some U.S. Oil

W. Africa Crude-Sonangol Sells Out, IOC Opts for Some U.S. Oil

Angola's Sonangol sold its last three February-loading cargoes, while results from Indian tenders showed IOC and BPCL opting for some non-West African oil grades.

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Passenger Traffic Grew By 0.7 % In 2017-18: Railway Official

Passenger Traffic Grew By 0.7 % In 2017-18: Railway Official

The Railways saw an increase of 0.7 per cent in the number of passengers in 2017-18 as against last year, an official said today.

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Why Fog Delays Didn’t Trigger Chaos At Railway Station

Why Fog Delays Didn’t Trigger Chaos At Railway Station

Even as several trains were delayed or affected by fog in the past few days, the New Delhi railway station was not as crowded this winter as compared to the past few years.

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Piyush Goyal: Railways Have Aggressive Plans To Monetise Assets; IRFC To Expand Footprint

Piyush Goyal: Railways Have Aggressive Plans To Monetise Assets; IRFC To Expand Footprint

Railway Minister Piyush Goyal on Saturday said financial wing of Railway’s – Indian Railway Finance Corporation (IRFC) – will soon expand its footprint into newer business lines.

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Visit Work Sites Twice in 15 Days, Rlys Tells Senior Officials

Visit Work Sites Twice in 15 Days, Rlys Tells Senior Officials

Senior officials of the Indian Railways will now have to camp for two days in a fortnight in areas where safety works are underway to ensure proper execution of such work.

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Poor Visibility: 15 Trains Cancelled

Poor Visibility: 15 Trains Cancelled

The railways cancelled at least 15 mail and express trains either originating from the Patna Junction or passing through the Danapur division of the East Central Railway (ECR) owing to poor visibility on Friday.

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Phase 1 Of Panvel Railway Terminus To Be Ready Next Year

Phase 1 Of Panvel Railway Terminus To Be Ready Next Year

The first phase of the work on Panvel railway terminus will be ready by 2019, according to sources in the Central Railway (CR).

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Northern Railway To Enhance Tourism In Himachal Pradesh

Northern Railway To Enhance Tourism In Himachal Pradesh

The Railways have always been in the forefront of Nation building by creating better Travel and Tourism opportunities in a region.

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Arriving Soon: Rail Ticket At Post Offices

Arriving Soon: Rail Ticket At Post Offices

Three city booking offices of the South Eastern Railway in Sakchi, Bistupur and Telco will soon be shifted to post offices.

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Portal Soon To Allow Railway Staff To Flag Safety Hazards

Portal Soon To Allow Railway Staff To Flag Safety Hazards

Flights are perceived to be safer than trains. To bring safety to the core in the Railway sector, Ashwani Lohani, Railway Board Chairman, is looking to introduce a safety process, that existed in Air India, an organisation that he earlier headed.

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IRCTC Website Goes Down, Passengers Unable To Book Railway E-Tickets

IRCTC Website Goes Down, Passengers Unable To Book Railway E-Tickets

The Railways e-ticket booking website IRCTC went down on Friday evening. The website has been made available for maintenance activities causing inconvenience to the passengers. The website is used to book electronic tickets.

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