​GOOD EVENING INDIA!

October 17, 2018, Wednesday

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

Bhushan Power Lenders Ask Tatas To Revisit Conditions

Bhushan Power Lenders Ask Tatas To Revisit Conditions

The consortium of lenders to Bhushan Power & Steel has asked Tata Steel to waive certain conditions in its offer for the company and rejected a late bid by the UK’s Liberty House, people briefed on the matter said.

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Reliance Infrastructure Bags Rs 3,647 Crore Contract For Thermal Power Project In Tamil Nadu

Reliance Infrastructure Bags Rs 3,647 Crore Contract For Thermal Power Project In Tamil Nadu

Reliance Infrastructure (RInfra) today said it has won a Rs 3,647 crore contract from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for work related to Uppur Thermal power project.

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UP Investors Summit 2018: Renewable Energy Draws Maximum Investors

UP Investors Summit 2018: Renewable Energy Draws Maximum Investors

Renewable energy sector has attracted the highest amount of potential investment during the investors’ summit with entrepreneurs evincing interest in this relatively new field.

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Cash Flow Of Power Distribution Firms Likely To Improve: India Ratings

Cash Flow Of Power Distribution Firms Likely To Improve: India Ratings

The cash flow generation of India’s powerdistribution companies has increased in the current financial year (2017-18) and is likely to remain positive in the coming fiscal, according to India Ratings and Research, a Fitch Group-owned credit rating agency.

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India Expected To Procure 200 Million LED Light Bulbs In 2018

India Expected To Procure 200 Million LED Light Bulbs In 2018

India's Ministry of Power is expected to procure 200 million LED light bulbs via open bids in 2018, with Philips Lighting and Ledvance expected to remain as the largest two competitors, according to industry sources.

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Bharat Dynamics, IREDA Get Sebi’s Go-Ahead For IPO

Bharat Dynamics, IREDA Get Sebi’s Go-Ahead For IPO

Two state-run companies -Bharat Dynamics and Indian Renewable Energy Development Agency (IREDA) – have received Sebi’s go-ahead to float initial public offerings.

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Saubhagya Scheme: Govt To Miss 2019 Target To Electrify All Households At Current Rate, Could Take As Long As 2022

Saubhagya Scheme: Govt To Miss 2019 Target To Electrify All Households At Current Rate, Could Take As Long As 2022

The government has declared 2019 as the target date for every Indian household to get electricity. But a Factchecker analysis reveals that at current rates of electrification, it will take more than four years to provide power to all rural households alone.

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Tackling Energy Crisis

Tackling Energy Crisis

Last year, an acute shortage of coal had virtually paralysed private power plants and state-run units while the nation stared at an energy crisis.

 

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Train Shortage, Power Demand To Drive Resurgence In India's Coal Imports

Train Shortage, Power Demand To Drive Resurgence In India's Coal Imports

Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign supplies.

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UK’s Top Energy Supplier Centrica Says Cutting 4,000 Jobs

UK’s Top Energy Supplier Centrica Says Cutting 4,000 Jobs

Britain’s top energy supplier Centrica said today it would cut 4,000 jobs by 2020 after announcing a 17-per cent drop in profits in 2017 due to a loss of customers and poor performance in North America.

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Indian State-Owned Oil Refiners See Strong Margins For 2018

Indian State-Owned Oil Refiners See Strong Margins For 2018

India state refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said.

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India 'Strongly Committed' To TAPI Pipeline Project: Akbar

India 'Strongly Committed' To TAPI Pipeline Project: Akbar

India today said it was "strongly committed" to the USD 10 billion trans-national TAPI pipeline project that will help ease energy shortages in South Asia, but voiced concerns over the security and predictability of supply of gas and sought contractual assurances.

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India’s Oil Demand Will Not Peak Soon, Ties With Saudi Will Be Key

India’s Oil Demand Will Not Peak Soon, Ties With Saudi Will Be Key

In 1972, Sheik Ahmed Yamani, then the oil minister of Saudi Arabia, commented to the Chairman of Exxon that “the United States cannot take an oil supply shut down”, knowing well that there was no spare capacity anywhere else in the world.

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Malaysian State Energy Firm Secures Maiden Term LNG Supply Agreement To India

Malaysian State Energy Firm Secures Maiden Term LNG Supply Agreement To India

The oil and gas company said in a statement Thursday, its subsidiary, Petronas LNG Ltd. (PLL) signed a sale and purchase agreement with Indian Hiranandani Group's subsidiary H-Energy Mideast DMCC (HEMD) for the supply of LNG to India.

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India Will Overtake China As Largest Market For Energy By Late 2020s: BP Energy Outlook

India Will Overtake China As Largest Market For Energy By Late 2020s: BP Energy Outlook

India will overtake China as the largest growth market for energy by late 2020s with the country’s energy consumption growing by more than 4.2 per cent per annum, the fastest among all major economies of the world, according to BP Energy Outlook 2018.

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Railway Conducts Trial Of Glass Roof Train In Kashmir

Railway Conducts Trial Of Glass Roof Train In Kashmir

In the run-up to providing delightful travelling experience in the picturesque Kashmir valley, the Railways on Thursday conducted a trial run of glass roof coaches from Srinagar to south Kashmir.

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Indian Railways Announces Holi Special Trains: Full List

Indian Railways Announces Holi Special Trains: Full List

The Indian Railways has announced several special trains in Bihar, Jharkhand and West Bengal expecting heavy rush during Holi season.

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Indian Railways Hikes Exam Fee For The Non-Serious Candidates To Save Cost On The Exam

Indian Railways Hikes Exam Fee For The Non-Serious Candidates To Save Cost On The Exam

Indian Railways, the largest rail network in Asia does not only carry 23 million passengers on a daily basis but also offers a whopping number of jobs every year.

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GE Transportation Delivers First Two Locomotives In Indian Railways Partnership

GE Transportation Delivers First Two Locomotives In Indian Railways Partnership

GE today announced the delivery of two 4,500-horsepower diesel-electric Evolution series locomotives to Indian Railways in the presence of Shri Ashwani Lohani, Chairman of the Indian Railway Board and senior dignitaries from Indian Railways at an event in Lucknow.

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Coursera’s Andrew Ng: India Has A Window To Capture A Big Chunk Of The Ai Opportunity

Coursera’s Andrew Ng: India Has A Window To Capture A Big Chunk Of The Ai Opportunity

Andrew Ng is one of the world’s foremost experts on Artificial Intelligence (AI). He is currently co-chairman and co-founder of the online learning platform, Coursera, and an adjunct professor at Stanford University’s Computer Science Department.

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Railways’ Plan To Turn CSMT Into Museum Chugs Into Controversy

Railways’ Plan To Turn CSMT Into Museum Chugs Into Controversy

The Railway Ministry’s plan to convert the 130-year-old Chhatrapati Shivaji Maharaj Terminus (CSMT) building in south Mumbai, into a museum, has run into a controversy with architects and rail employees raising objections over the move.

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Chhatrapati Shivaji Maharaj Terminus Museum: Railways Invites Designs By March 15

Chhatrapati Shivaji Maharaj Terminus Museum: Railways Invites Designs By March 15

A day after railway employees protested the decision to convert the UNESCO-listed Chhatrapati Shivaji Maharaj Terminus (CSMT) into a rail museum, the Railways went a step ahead and invited architects and consultants to present designs for the proposed museum.

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HAL, RITES, IRFC May Be Listed In FY18 For Raising Rs 5,200 Cr

HAL, RITES, IRFC May Be Listed In FY18 For Raising Rs 5,200 Cr

The Centre may list Hindustan Aeronautics (HAL), RITES and Indian Railway Finance Corporation (IRFC) to raise about Rs 5,200 crore this fiscal, even as disinvestment via the initial public offering route has touched a record high this year.

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Railways To Pay Lease Rental For CIL-Owned Wagons

Railways To Pay Lease Rental For CIL-Owned Wagons

The revived plan of Coal India (CIL) to buy railway wagons to transport fuel is likely to see the transporter pay the miner lease rental for the rolling stock, similar to the arrangement the Indian Railways has with its arm Indian Railway Finance Corporation (IRFC).

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