​GOOD MORNING INDIA!

June 22, 2018, Friday

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

India to consider ways to lower hydropower tariffs

India to consider ways to lower hydropower tariffs

India is considering lowering tariffs for new hydro-electric power projects to help them compete against cheaper forms of electricity, according to people with knowledge of the matter.

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Capt Amarinder clears air, says no rethink on closure of Bathinda thermal plant

Capt Amarinder clears air, says no rethink on closure of Bathinda thermal plant

Quest for cheaper electricity: CM says no employee will lose his job, shutdown decision taken due to lack of power demand in state and availability of cheaper power from alternative sources.

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Gupta Coal Managing Director Piyush Marodia not allowed to go abroad

Gupta Coal Managing Director Piyush Marodia not allowed to go abroad

The Debts Recovery Tribunal (DRT) has rejected the application of Piyush Marodia, managing director of Gupta Coal, seeking permission to travel to Singapore. The company has taken a loan of Rs 58.89 crore from State Bank of India (SBI) and is unable to repay it. DRT has impounded the passport of all the directors of Gupta Coal. DRT presiding officer Chikkam Vijay Mohan stated in his order that …

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Madras HC stays safeguard duty on solar power equipment

Madras HC stays safeguard duty on solar power equipment

“Much prior to the expiry of 30 days, the impugned preliminary findings have been rendered, which is contrary to the procedure stipulated,” Justice TS Sivagnanam said in his order.

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NTPC

NTPC: helping meet India’s energy needs

With 187 generation units, the company’s operations are spread across the country, helping meet the base load for India’s power demand.

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New family homes with solar panels on the roof

Solar power industry on edge as Trump weighs tariffs on panels

Companies that install solar-power systems for homeowners and utilities are bracing for Trump's call on whether to slap tariffs on imported panels.

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Petrol price in Mumbai touches Rs 80 per litre; Here’s all you need to know about rising fuel prices

Petrol price in Mumbai touches Rs 80 per litre; Here’s all you need to know about rising fuel prices

Petrol price in Mumbai on Monday touched Rs 80 per litre on back of higher crude oil prices due to global geopolitical risks, higher demands and production cuts. Here's all you need to know about rising crude oil price.

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Biggest shock of 2019 may be crude prices at $100 a barrel

Biggest shock of 2019 may be crude prices at $100 a barrel

After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts. A slump in new production outside the U.S. shale patch in 2019 could help to send Brent crude briefly back above $100 a barrel next year, according to London-based consultancy Energy Aspects.

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PM Modi leaves for Davos to attend World Economic Forum

PM Modi leaves for Davos to attend World Economic Forum

Modi will host a dinner for global CEOs today. On Tuesday, he will interact with global business community members, besides delivering his keynote address.

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ONGC will retain Hindustan Petroleum

HPCL to retain brand identity, autonomy under ONGC post acquisition

Flagship explorer ONGC will retain Hindustan Petroleum as an independent group arm and continue with the company's brand after acquiring the government's stake in the country's third-largest state-run refiner-retailer.

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ONGC increases borrowing limit to Rs 35,000 crore to fund HPCL deal

ONGC increases borrowing limit to Rs 35,000 crore to fund HPCL deal

Public sector upstream giant Oil and Natural Gas Corp (ONGC) has decided to increase its borrowing limit from Rs 25,000 crore to Rs 35,000 crore in order to fund the acquisition of Hindustan Petroleum Corporation (HPCL) for which it has agreed to pay Rs 36,915-crore to the government.

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Shashi Shanker

ONGC-HPCL merger will help us beat cyclical nature of biz, bring stability: Shashi Shanker

In an interview with ET Now, Shashi Shanker, CMD, ONGC, points out that ONGC is an upstream company whose top line and bottom line moves in tandem with crude oil price while reverse is the case for downstream companies like MRPL and HPCL. Together, this is going to provide a stable income and also higher risk appetite.

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How bullish will be the oil and gas outlook in 2018?

How bullish will be the oil and gas outlook in 2018?

Moody's and S&P predict average oil price to be around $55 per barrel (b), whereas Goldman Sachs and Credit Suisse are predicting Brent price to be $62 and $60 per barrel in 2018.

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HPCL may acquire MRPL in cash, share-swap deal

HPCL may acquire MRPL in cash, share-swap deal

HPCL may acquire Mangalore Refinery and Petrochemicals Ltd in a cash and share- swap deal to become India's third-largest oil refiner, a top official said. Oil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, last week announced acquisition of HPCL for Rs 36,915 crore. After this takeover, ONGC has two refining subsidiaries - HPCL and MRPL. 

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Will India succeed in oil and gas sector; here is how politics is trumping energy security

Will India succeed in oil and gas sector; here is how politics is trumping energy security

Thanks to the US shale revolution, the US may finally achieve energy independence, set as a goal by every president since Richard Nixon. Will India be able to achieve even the modest goal set by PM Narendra Modi, of reducing oil dependence by 10% by 2022?

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Modi’s ambitious India infrastructure fund gets another boost; to jointly invest $3 billion with Dubai’s DP World

Modi’s ambitious India infrastructure fund gets another boost; to jointly invest $3 billion with Dubai’s DP World

In a major boost to Prime Minister Narendra Modi’s ambitious National Investment & Infrastructure Fund, DP World Ltd., a Dubai-based port operator, has entered into a joint investment plan of up to $3 billion with the former.

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India ranks 62 in Inclusive Development, much below China, Pakistan: WEF

India ranks 62 in Inclusive Development, much below China, Pakistan: WEF

India was today ranked at the 62nd place among emerging economies on an Inclusive Development Index, much below China's 26th position and Pakistan's 47th.

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At 176 Kmph, These Two Upcoming Trains May Be India’s Fastest Ever!

At 176 Kmph, These Two Upcoming Trains May Be India’s Fastest Ever!

These two new trains, ‘Train 18’ and ‘Train 20,’ currently in the process of development at the Integral Coach Factory (ICF) in Chennai, will be the fastest in India, running up to a maximum speed of 176 km per hour. Gatimaan Express, which is India’s fastest running train, has a maximum speed of 160 km per hour.

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India’s first bullet train

Union Budget 2018: Here's Why PM Modi Should Ignore The Critics and Go Big on Bullet Train

Bullet trains have failed in other countries because of poor ridership and lack of revenue. This problem is not likely to happen in massively populated India.

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railways-india

Budget 2018: Support to Indian Railways to be cut by 27%

Budgetary support to the Indian Railways may be cut by at least Rs 150 billion or 27 percent in the upcoming Union Budget 2018, indicated a report on Business Standard.

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Mumbai’s CSMT

Railway board starts work on proposal to convert Mumbai’s CSMT to rail museum

The heritage building, which serves as headquarters of the central railway, will be converted into a museum showcasing India’s railway history

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Golden Chariot

Golden Chariot to make only nine trips this season

Officially entering its 10th year of existence, South India’s only luxury train — Karnataka’s Golden Chariot, in the middle of its run time (October to March), has already had two trip cancellations.

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CBTC system to be used on Western Railways, Central Railways

CBTC system to be used on Western Railways, Central Railways

The Railway Board has given its nod to the Mumbai Rail Vikas Corporation (MRVC) to extend the communication-based train control (CBTC), an improved signalling system, to the main lines of the Central Railways (CR) and Western Railways (WR), under the Mumbai Urban Transport Project (MUTP-3A).

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