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December 14, 2018, Friday

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

MUST READ

Goldman Sachs Slashes India Growth Forecast For FY19 On PNB Fraud

Goldman Sachs Slashes India Growth Forecast For FY19 On PNB Fraud

Investment bank Goldman Sachs downgraded its forecasts for India's economy on Tuesday in the wake of a more than $2 billion fraud at Punjab National Bank, warning it could spark tighter regulation of the banking sector that would constrain credit growth.

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Energy Efficiency, Green Concerns Key To India’s Development Goals: R.K. Singh

Energy Efficiency, Green Concerns Key To India’s Development Goals: R.K. Singh

Energy efficiency and protection of the environment will remain at the heart of India’s development goals even as Asia’s third largest economy tries to improve living standards and ensure access to electricity for all, power and renewable energy minister R.K. Singh said on Tuesday.

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Bihar Power Generation May Reach 1990 MW In 2018-19: Minister

Bihar Power Generation May Reach 1990 MW In 2018-19: Minister

Bihar's own power generation will reach up to 1990 MW by the end of 2018-19 from the current 720 MW of power generation, Energy Minister Bijendra Prasad Yadav said in the Assembly.

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Coking Coal Import Increases To 43.53 Million Tonne

Coking Coal Import Increases To 43.53 Million Tonne

The country's coking coal import increased to 43.53 million tonne (mt) from 38.83 mt during the period April 2017 – February 2018, a jump of 12.10% over same period last year, according to mjunction, a leading e-commerce company.

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Solar Auctions In Maharashtra & Karnataka Put Off On Lack Of Bidders

Solar Auctions In Maharashtra & Karnataka Put Off On Lack Of Bidders

In a reversal of the upbeat sentiment prevailing in solar energy last year, two recent solar auctions – one in Maharashtra and the other in Karnataka – have failed to attract enough bidders, leading to their repeated postponement.

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Vedanta Plans To Raise Rs 4,500 Cr Via NCDs

Vedanta Plans To Raise Rs 4,500 Cr Via NCDs

Metals and mining giant Vedanta Ltd on Tuesday said it is planning to raise Rs 4,500 crore by issuing non-convertible debentures.

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EESL Buys UK-based Utility Edina For ₹ 493 Cr

EESL Buys UK-based Utility Edina For ₹ 493 Cr

State-run Energy Efficiency Services (EESL) today acquired the England-based combined heat and power (CHP) utility Edina for ₹ 493 crore to further its strategy of adopting natural gas-based technologies to halve power cost, for large commercial establishments.

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Sterlite Power Acquires Rs1,500 Crore Goa-Tamnar Project

Sterlite Power Acquires Rs1,500 Crore Goa-Tamnar Project

The project will deliver an incremental 400kV feed to Goa and scale up the transmission network for power evacuation from generation projects pooled at Raigarh (Chhattisgarh), a Sterlite Power statement said.

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GE Power Bags Rs 309 Cr FGD Order From NTPC

GE Power Bags Rs 309 Cr FGD Order From NTPC

GE Power India today said it has been awarded a contract worth Rs 309 crore by NTPC to install its FGD system at Phase-I (2X800 MW) of its Super Thermal Power Project (STPP) in Telangana.

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Oil Rises To March High On Middle East Tensions, Venezuela Concerns

Oil Rises To March High On Middle East Tensions, Venezuela Concerns

Oil rose on Tuesday to its highest level so far this month, lifted by tension in the Middle East and the possibility of further falls in Venezuelan output.

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IOC, BPCL May Have To Raise Debt If They Buy Government’s Stake In GAIL

IOC, BPCL May Have To Raise Debt If They Buy Government’s Stake In GAIL

Indian Oil Corporation Ltd. and Bharat Petroleum Corporation Ltd. will have to borrow funds if the state-owned refiners and marketers acquire the government’s stake in GAIL (India) Ltd., the nation’s largest gas marketing and transportation company.

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Essar Oil Picks Trafigura, BP For $1 Billion Oil-backed Loan

Essar Oil Picks Trafigura, BP For $1 Billion Oil-backed Loan

Essar Oil has picked Trafigura and BP to lend it $1 billion to be repaid with cargoes of refined products as the Indian refiner's new owners seek to diversify the firm's financing base, sources with direct knowledge of the matter said.

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India Poised To Raise Natural Gas Prices To Highest In Two Years

India Poised To Raise Natural Gas Prices To Highest In Two Years

India is set to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants.

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Private Fuel Retailers Nibble Away At India's Booming Market

Private Fuel Retailers Nibble Away At India's Booming Market

Private refiners are chipping away at the dominance of state-run giants in the world’s fastest-growing energy user.

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Petrol Price In India Today: Marginal Rise Recorded; Check Rates In Delhi, Mumbai, Bengaluru, More

Petrol Price In India Today: Marginal Rise Recorded; Check Rates In Delhi, Mumbai, Bengaluru, More

Petrol prices saw gradual increase in their product by 1 paisa per litre in various state capital of India, if compared with previous day prices.

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What Railways Collected From Whopping 6.5 Lakh Ticketless Travellers

What Railways Collected From Whopping 6.5 Lakh Ticketless Travellers

The Northeast Frontier (NF) Railway has collected Rs 41.82 crore as penalty from 6.5 lakh ticketless travellers between April 2017 and March 15 this year, a spokesperson said on Tuesday.

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Three Shatabdis Run Late Due To Doubling Work

Three Shatabdis Run Late Due To Doubling Work

Kalka-New Delhi Shatabdi Express (12012) got delayed by more than four hours as it stopped at Chandimandir railway station

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Wow! This Is Where Indian Railways’ 12,000 Hp ‘Make in India’ Electric Locomotives Are Being Manufactured

Wow! This Is Where Indian Railways’ 12,000 Hp ‘Make in India’ Electric Locomotives Are Being Manufactured

Indian Railways gets new electric locomotives! As part of a 3.5 billion euros 'Make in India' project, Alstom in a joint venture with Indian Railways is manufacturing 800 electric locomotives in Bihar's Madhepura.

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Indian Railways Suffers Setback; This Man's Train Experience Costs Rs 1.65 Lakh

Indian Railways Suffers Setback; This Man's Train Experience Costs Rs 1.65 Lakh

Here is a big setback for Indian Railways. A Thane consumer court has ordered the Konkan Railway Corporation to pay a compensation of Rs 1.65 lakh to a passenger for theft of his belongings during a train journey.

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Rooftops Of Allahabad Junction To Harness Solar Energy

The sheds of all the 10 platforms of the Allahabad Junction , of North Central Railways (NCR), would do more than saving the passengers from sunlight and rains .

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UBI To Sell 26% Stake In GTL Infra

UBI To Sell 26% Stake In GTL Infra

Union Bank of India has invited bids to sell its 26 per cent stake in or 315 crore shares of GTL Infrastructure by Mar 27, the bank said in a tender notice on its website. GTL Infrastructure owes Rs 4,143 crore to Union Bank of India as of Dec 31, 2017.

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L&T, Reliance Bid For Yogi's Flagship Rs 190 Billion Infra Project

L&T, Reliance Bid For Yogi's Flagship Rs 190 Billion Infra Project

Top infrastructure firms, including L&T, Reliance Infrastructure and Afcons, are in fray for Yogi Adityanath government’s flagship Purvanchal Expressway project, which is estimated to cost Rs 190 billion.

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Feedback Infrastructure Raises Rs. 685 Crore From Adv Partners

Feedback Infrastructure Raises Rs. 685 Crore From Adv Partners

Asia-focused private equity fund ADV Partners has invested Rs. 685 crore in Feedback Infra, which provides advisory services to the infrastructure and also manages operations and maintenance for power projects and roads.

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Goas Mormugao Port Might Shut Down If Losses Mount: Gadkari

Goas Mormugao Port Might Shut Down If Losses Mount: Gadkari

Union Shipping Minister Nitin Gadkari today said that the continued losses at the Mormugao Port Trust (MPT) might result in its shutdown.

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20 Pc Posts Reserved For Apprentices’ Engaged In Rly Establishments : Goel

20 Pc Posts Reserved For Apprentices’ Engaged In Rly Establishments : Goel

Twenty per cent posts are reserved for course completed Act apprentices’ who were engaged in Railway establishments, Union Railway Minister Piyush Goyal said.

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After Mughalsarai, UP's Robertsganj Railway Station Renamed

After Mughalsarai, UP's Robertsganj Railway Station Renamed

The Union Home Ministry has given its approval for the renaming of the British-era railway station in the Sonbhadra district of Uttar Pradesh.

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