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June 22, 2018, Friday

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YOUR MORNING NEWSLETTER IN ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

ABB Sees Brighter Outlook For 2018 After Fourth Quarter Net Profit Drops

ABB Sees Brighter Outlook For 2018 After Fourth Quarter Net Profit Drops

ABB gave a brighter outlook for 2018, saying on Thursday it saw improving markets around the world after its overhaul hit the engineering group's fourth-quarter earnings.

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JSW Offer Rs 300 Bn For Bhushan Steel, Rs 50 Bn More Than Tata's Bid

JSW Offer Rs 300 Bn For Bhushan Steel, Rs 50 Bn More Than Tata's Bid

JSW Steel, one of India’s leading integrated steel manufacturers with a capacity of 18 million tonnes per annum (mtpa), has offered Rs 300 billion to take over debt-laden Bhushan Steel, Rs 50 billion more than rival bidder Tata Steel’s offer, according to a source close to the development.

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Siemens Gamesa Bags 160MW Of Solar EPC Orders

Siemens Gamesa Bags 160MW Of Solar EPC Orders

Renewable energy firm Siemens Gamesa today said it has bagged 160MW of solar EPC orders from two customers from Tamil Nadu and Karnataka, respectively.

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JSW Energy Seeking Partners For Electric Vehicle Project

JSW Energy Seeking Partners For Electric Vehicle Project

JSW Energy Ltd. plans to launch its electric vehicle in the next three-four years and is looking at potential partners for it, company’s Managing Director and Chief Executive Officer Prashant Jain told BloombergQuint in an interaction.

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India's Renewable Energy Project Tendering To Be At All-time High In FY18

India's Renewable Energy Project Tendering To Be At All-time High In FY18

Renewable energy projects of close to 6,650 megawatt (Mw) will be tendered in February, taking the total for 2017-18 past 10,000 Mw — a record in a financial year.

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EU, China Request Consultation With US Over Solar Tariffs, WTO Filing Shows

EU, China Request Consultation With US Over Solar Tariffs, WTO Filing Shows

The European Union (EU) and China have this week lodged separate filings with the World Trade Organization (WTO) that seek consultation with the U.S. over the imposition in January of tariffs on imported crystalline silicon solar cells and modules.

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CG Bags Rs 107 Crore Order From EESL For Low Voltage Motors

CG Bags Rs 107 Crore Order From EESL For Low Voltage Motors

Avantha Group company CG Power and Industrial Solutions (CG) has bagged a Rs 107-crore order from state-run Energy Efficiency Services Limited (EESL) for the supply of low-voltage motors.

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BHEL’s Q3 Profit Surges 64%

BHEL’s Q3 Profit Surges 64%

Accelerating its growth momentum, Bharat Heavy Electricals Limited (BHEL) has reported a surge in profitability in the third quarter of FY1017-18.

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Think Energy, Everstream Capital Commissions 104 Mw In Telangana

Think Energy, Everstream Capital Commissions 104 Mw In Telangana

Think Energy, a New Jersey-based solar development company, and EverStream Capital, a renewable energy focused private equity fund manager, have announced a new partnership that will capitalise on the continued growth opportunities in the Indian solar PV sector with an investment outlay of $300 million in equity capital.

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EESL Wins South Asia Procurement Innovation Award 2017

EESL Wins South Asia Procurement Innovation Award 2017

Energy Efficiency Services Limited (EESL) has won the prestigious South Asia Procurement Innovation Award (SAPIA) ,2017

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India Plans To Raise Refining Capacity By 77 Pct By 2030 -govt Report

India Plans To Raise Refining Capacity By 77 Pct By 2030 -govt Report

Refiners in India, the world's third-biggest oil consumer and importer, have drawn up plans to raise their capacity by 77 percent to about 8.8 million barrels per day (bpd) by 2030 to meet the country's rising fuel demand.

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Iraq Signs Agreement To Build 70,000 Bpd Oil Refinery Near Kirkuk

Iraq Signs Agreement To Build 70,000 Bpd Oil Refinery Near Kirkuk

Iraq has signed an agreement to build a 70,000-barrels-per-day oil refinery near the northern city of Kirkuk, the oil ministry said on Thursday.

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India To Seek Lower Oil Rates From Saudi Arabia, US

India To Seek Lower Oil Rates From Saudi Arabia, US

India will press Saudi Arabia and the US, the world's biggest oil producers, this month for a reduction in oil prices to provide relief to fuel consumers, Oil Minister Dharmendra Pradhan said on Thursday.

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Additional 3 Crore Free LPG Connections To Cost Rs 4,800 Cr

Additional 3 Crore Free LPG Connections To Cost Rs 4,800 Cr

As many as 3 crore additional free cooking gas (LPG) connections will be given to poor households by March 2020 at an extra expense of Rs 4,800 crore, Oil Minister Dharmendra Pradhan said today.

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Petrol, Diesel Price On 8th February 2018: Check Out The Rates Here City-Wise

Petrol, Diesel Price On 8th February 2018: Check Out The Rates Here City-Wise

Petrol prices were reduced by 1 paisa and diesel prices were reduced by 7 paise , applicable from 6:00 a.m. on 8th February 2018.

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India Plans Massive Natural Gas Expansion

India Plans Massive Natural Gas Expansion

India has four terminals to receive LNG and imports around 20 million tpy. But over the next seven year the government plans to build another 11 terminals.

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Japan Still Uncertain Over Long-Term LNG Demand

Japan Still Uncertain Over Long-Term LNG Demand

Japanese utilities are struggling to predict future LNG demand, because of uncertainty over nuclear power restarts and the growing use of renewable energy, according to speakers at an industry conference in Tokyo.

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India Plans 77 Per Cent Rise In Refining Capacity By 2030: Government

India Plans 77 Per Cent Rise In Refining Capacity By 2030: Government

India plans to raise its oil refining capacity by 77 per cent to 438.65 million tonnes by 2030 with Reliance Industries and Rosneft-controlled Essar Oil adding the biggest chunk, a government report said today.

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The Indian Railway’s Amazing UDAY Express All Set To Make Its Debut!

The Indian Railway’s Amazing UDAY Express All Set To Make Its Debut!

The UDAY will be an improvement over a regular AC coach, and will offer the following amenities

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Goods Train Engine Derails

Goods Train Engine Derails

The engine of a 13-wagon goods train derailed near Chidambaram today, police said. The wagons were laden with coal from Karaikal Port and the goods train was proceeding to Kaikuppam private thermal power station when the engine derailed at the Puduchatram station in the early hours, they said.

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Railways To Launch Drive To Identify Heritage Items Lying Unnoticed

Railways To Launch Drive To Identify Heritage Items Lying Unnoticed

On lines of reviving the Fairy Queen Steam Locomotive and setting up of Rewari Steam Centre, the Railways is gearing up to launch a special drive to identify various heritage items that are currently lying unnoticed at different locations.

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Railways To Take Measures To Promote Heritage Preservation

Railways To Take Measures To Promote Heritage Preservation

In order to promote heritage preservation, the Ministry of Railways have identified several reformative measures. The Railway Board has decided to launch a special drive to identify various heritage items/artefacts that are currently lying unnoticed at different locations.

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Indian Railways: Bullet Trains On Delhi-Amritsar, Mumbai-Pune Routes Soon

Indian Railways: Bullet Trains On Delhi-Amritsar, Mumbai-Pune Routes Soon

While work is in progress to bring on track India’s first bullet train – the Mumbai-Ahmedabad line – the Indian Railways is highly convinced with the idea that it would be more logical to introduce the highly-awaited bullet trains for shorter routes, rather than long distances.

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