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September 26, 2018, Wednesday

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

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Fire On Merchant Navy Oil Tanker Carrying 30,000 Tonnes Of Diesel Off Gujarat Coast

Fire On Merchant Navy Oil Tanker Carrying 30,000 Tonnes Of Diesel Off Gujarat Coast

A fire was reported on a merchant navy oil tanker carrying 30,000 tonnes of high-speed diesel off the Gujarat coast but there were no casualties, a defence spokesperson said.

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MUST READ

India To Be $5 Trillion Economy In 8-9 Years: Suresh Prabhu

India To Be $5 Trillion Economy In 8-9 Years: Suresh Prabhu

Commerce and Industries Minister Suresh Prabhu today said India is expected to become a USD 5 trillion economy in the next 8–9 years with the manufacturing sector contributing 20 per cent to that.

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GST Council May Review Sliding Revenue, Compliance

GST Council May Review Sliding Revenue, Compliance

The Goods and Services Tax Council’s meeting today is expected to focus on key fiscal issues such as declining revenue collections and waning compliance, according to tax analysts, who said the Council’s 25th meeting assumes significance, coming less than two weeks before the presentation of the Union Budget on February 1.

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Adani To Double Investment In Bengal, May Enter Agri-logistics

Adani To Double Investment In Bengal, May Enter Agri-logistics

The Adani Group said that it would double its investment in West Bengal, even as the State closed its fourth global business summit by signing MoUs worth ₹2.19 lakh crore.

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Budget 2018: Large Hydro Projects May Get Infra Benefits

Budget 2018: Large Hydro Projects May Get Infra Benefits

Tepid PLF growth and stressed financials to result in halving of investments in the convectional power generation; renewables, T&D to be the drivers hereon

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Renewable Power Companies Compete With Thermal Plants In Spot Market

Renewable Power Companies Compete With Thermal Plants In Spot Market

Renewable energy has quietly crossed a major landmark as it has started competing directly with thermally generated electricity in the spot market, intensifying competition in the sector.

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BHEL Bags Mega Rs 2,800 Crore Contract From MAHAGENCO

BHEL Bags Mega Rs 2,800 Crore Contract From MAHAGENCO

Bharat Heavy Electricals Ltd (BHEL), the country's largest power equipment manufacturer, today announced it has bagged a major Rs 2,800 crore contract for setting up a 660 Megawatt (Mw) supercritical thermal power plant in Maharashtra.

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Fitch Downgrades Outlook On Adani Transmission To Negative

Fitch Downgrades Outlook On Adani Transmission To Negative

International rating agency Fitch has downgraded the outlook on Adani Transmission from stable to negative, following the Gautam Adani-run company’s decision to acquire the power business of Reliance Infrastructure in Mumbai.

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How Minister Pradhan Can Leverage A Crude Oil Rally

How Minister Pradhan Can Leverage A Crude Oil Rally

A spike in crude oil prices, which could put Finance Minister Arun Jaitley at a disadvantage as he prepares for his Union Budget, but may prove to be an advantage for Dhamendra Pradhan, Minister for Petroleum and Natural Gas.

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PNGRB Changes Bid Norms For CNG, PNG Retail Licence

PNGRB Changes Bid Norms For CNG, PNG Retail Licence

After "one paisa" bids spoilt the initial auction rounds, oil regulator PNGRB has proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.

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India To Auction 55 Oil And Gas Exploration Blocks

India To Auction 55 Oil And Gas Exploration Blocks

India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country's first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.

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Shell To Focus On Doubling Returns, Safety Performance Of Facilities In 2018: CEO

Shell To Focus On Doubling Returns, Safety Performance Of Facilities In 2018: CEO

Netherland-based Royal Dutch Shell plc, the world’s second-largest oil company, is working on a plan to invest around $1-2 billion every year on the company’s new Energies Business, buying back at least $25 billion in shares, ramp up focus on improving safety performance of its facilities and doubling its returns, Chief Executive Officer (CEO) Ben van Beurden said.

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ONGC Videsh

ONGC Top Brass Visits Mumbai Offshore, Boosts Confidence Of Employees

As part of confidence building measure, a senior management team of the Oil and Natural Gas Corporationn (ONGC) on Wednesday visited Mumbai offshore following the recent helicopter crash that killed all seven on board including two pilots and five ONGC employees.

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Bring Petroleum Products, Realty Under GST: Cong

Bring Petroleum Products, Realty Under GST: Cong

A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.

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Haan Simran Haan, We Are Loving These Witty Railway Posters!

Haan Simran Haan, We Are Loving These Witty Railway Posters!

Nothing like a film poster to drive a message home! Railway Minister Piyush Goyal has been sharing Bollywood-themed posters on Twitter, with the hashtag Railway Ke Zharokhe Se and they have been quite a hit.

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Piyush Goyal Aims To Make Mumbai India’s Best Transport Hub By August 2022

Piyush Goyal Aims To Make Mumbai India’s Best Transport Hub By August 2022

Union railway minister Piyush Goyal wants Mumbai to be the best transport hub in India by August 2022.

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Central Railway Suburban Trains To Get Talkback Systems, CCTVs

Central Railway Suburban Trains To Get Talkback Systems, CCTVs

Central Railway today said that it would be installing “talkback” systems in all ladies coaches to increase the safety of its women commuters.

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Union Minister Nitin Gadkari Asks States To Cooperate With Each Other, Centre On River Interlinking Projects

Union Minister Nitin Gadkari Asks States To Cooperate With Each Other, Centre On River Interlinking Projects

Union minister Nitin Gadkari today urged states to cooperate with each other and also with the Centre to expedite projects for interlinking of rivers, according to an official statement.

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RITES Files Papers With Sebi To Raise Rs600 Crore Via IPO

RITES Files Papers With Sebi To Raise Rs600 Crore Via IPO

State-owned RITES has filed draft papers with markets regulator Sebi to raise an estimated Rs600 crore through an initial share sale.

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Elphinstone & Currey Rd Station FOBs To Miss Jan 31 Deadline

Elphinstone & Currey Rd Station FOBs To Miss Jan 31 Deadline

The foot over-bridges (FOB) being constructed by the Army at the Elphinstone Road and Currey Road railway stations will miss the January 31 deadline due to some technical issues, railway officials said today.

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Railway Budget 2018: Odisha Places Rs 6,500 Crore Proposal For Rail Infrastructure Development

Railway Budget 2018: Odisha Places Rs 6,500 Crore Proposal For Rail Infrastructure Development

Railway Budget 2018: Odisha government today placed a demand of Rs 6,500 crore before the Centre for railway infrastructure development in the Railway Budget 2018.

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Work Begins On India’s First Undersea Rail Tunnel

Work Begins On India’s First Undersea Rail Tunnel

The bullet train, the big-ticket headline-grabbing project now firmly under way, includes an engineering marvel: the country’s first undersea rail tunnel.

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