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September 24, 2018, Monday

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

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Reliance To Invest Rs 25 Bn In Assam, Create 80,000 Jobs Over Next 3 Years

Reliance To Invest Rs 25 Bn In Assam, Create 80,000 Jobs Over Next 3 Years

Reliance Industries chairman Mukesh Ambani on Saturday announced an investment of Rs 25 billion in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.

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Global Investors’ Summit: Assam Gets Rs 65,186 Cr Investment Commitments On Day 1

Global Investors’ Summit: Assam Gets Rs 65,186 Cr Investment Commitments On Day 1

The inaugural day of the first-ever Global Investors’ Summit in Assam saw signing of as many as 176 initial pacts in a range of sectors with investment commitments worth Rs 65,186 crore, an official said.

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Coal India Ltd Apr-Jan Production At 440 Million Tonne, Trails Target

Coal India Ltd Apr-Jan Production At 440 Million Tonne, Trails Target

State-owned Coal India produced 440 million tonnes of coal in the April-January period of the ongoing fiscal, missing the target by 29.2 million tonnes.

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Bangladesh Planning To Build Solar Or Coal-Based Power Plant In India

Bangladesh Planning To Build Solar Or Coal-Based Power Plant In India

Through the Bangladesh-India Friendship Company (BIFCL), Bangladesh is planning to build a solar or coal-based power electricity general plant in the Indian soil.

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Farmers To Pay Only 10% Cost Of Solar Pumps Under Budget Scheme: Minister

Farmers To Pay Only 10% Cost Of Solar Pumps Under Budget Scheme: Minister

The Indian farmer will effectively bear only 10 per cent of cost for solarising his agricultural pump under a scheme unveiled in the Budget 2018-19, Power Minister R.K. Singh said.

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Solar Tariffs Perk Up In Latest Karnataka Auction

Solar Tariffs Perk Up In Latest Karnataka Auction

Solar tariffs rose sharply from their lowest level in the latest solar auction of 860 MW conducted by Karnataka's Renewable Energy Development Ltd (KREDL).

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Jaiprakash Power Offers To Sell Nigrie Project To NTPC

Jaiprakash Power Offers To Sell Nigrie Project To NTPC

Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.

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Power Firms To Spend Less

Power Firms To Spend Less

PSU power producers will invest less in 2018-19 on the back of a slow growth in generation from conventional sources and a fall in peak deficit.

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NIT To Use Solar Energy, Save Rs 60 Lakh Annually

NIT To Use Solar Energy, Save Rs 60 Lakh Annually

The Government of India recently announced Zero Investment Solar Policy/ RESCO Policy, where the entire system will be owned by M/s Azure Power Rooftop One Private Limited and Dr BR Ambedkar NIT Jalandhar will consume the electricity generated.

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IOC To Invest Rs 3,400 Crore In Assam To Augment Operations

IOC To Invest Rs 3,400 Crore In Assam To Augment Operations

Indian Oil Corporation will invest Rs 3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones, a senior IOC official said today.

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1500 Km Pipeline In Assam To Supply Gas To NE States

1500 Km Pipeline In Assam To Supply Gas To NE States

Five major oil and natural gas PSUs would set up a joint company for a 1500 km gas pipeline at an estimated cost of Rs 6000 crore stretching from Guwahati to Tinsukia via Numaligarh to supply gas to the NE states, Petroleum Minister Dharmendra Pradhan said today.

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Union Budget Plays The Waiting Game With Crude Oil

Union Budget Plays The Waiting Game With Crude Oil

The weeks leading up to the tabling of the Union Budget were rife with speculation as to how the government would deal with the prospect of rising global crude oil prices.

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Analysis: India Adopts ‘Bigger Is Better’ Model — Creates Oil Major Via ONGC-HPCL Deal

Analysis: India Adopts ‘Bigger Is Better’ Model — Creates Oil Major Via ONGC-HPCL Deal

India’s ambitious move to allow state-owned Oil and Natural Gas Corp to take a majority stake in state-owned Hindustan Petroleum Corp Ltd will create the country’s first integrated state-owned oil major, giving the combined entity an edge when competing in international markets.

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Clean Fuel Focus In India May Open Door For U.S. LPG Imports

Clean Fuel Focus In India May Open Door For U.S. LPG Imports

India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the U.S., according to Facts Global Energy.

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Rail Fracture Delays Suburban Train Services On Western Line

Rail Fracture Delays Suburban Train Services On Western Line

Suburan train services on the Western line were affected this morning following detection of a rail fracture, police said.

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Bharat Darshan Tour From Feb 12

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) came out with another tourism package under Bharat Darshan train tour. This special tour will include places of religious importance along with Goa covering 12 major temples in Karnataka and Goa.

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Work On Bengaluru-Chennai E-Way To Begin Soon As NHAI Floats Tenders

Work On Bengaluru-Chennai E-Way To Begin Soon As NHAI Floats Tenders

As promised last year, the Centre has set the ball rolling for the 265-km six-lane expressway between Bengaluru and Chennai, with the National Highways Authority of India(NHAI) having invited tenders for construction of the project's first phase covering about 10% of the total distance at an estimated cost of Rs 1,119crore.

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