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June 23, 2018, Saturday

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

BHEL Commissions 330 MW Kishanganga HEP In Jammu & Kashmir

BHEL Commissions 330 MW Kishanganga HEP In Jammu & Kashmir

With the commissioning of the third 110 MW hydro generating unit, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the prestigious 330 MW Kishanganga Hydro-Electric Project (HEP) in Jammu & Kashmir (J&K).

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Banks Stare At $38 Billion New Dud Loans From Power Sector: Report

Banks Stare At $38 Billion New Dud Loans From Power Sector: Report

The banking sector, which is already reeling under a mammoth pile of bad loans, is looking at potential dud assets of USD 38 billion from the power sector, as USD 53 billion of the USD 178 billion bank loans to the sector are already stressed, said a report.

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Amendment In Solar Bidding Norms Positive, Says Icra

Amendment In Solar Bidding Norms Positive, Says Icra

The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

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Adani-Ambani Power Deal May Spur Tariff Hike: Cong.

Adani-Ambani Power Deal May Spur Tariff Hike: Cong.

Raising questions over the ‘pricey’ deal between Reliance Infrastructure Limited and Adani Transmission Limited, the Congress on Tuesday said it may lead to an increase in power tariffs.

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Delhi HC Seeks CBI Report On Adani Case Closure

Delhi HC Seeks CBI Report On Adani Case Closure

Delhi HC has directed CBI to file an affidavit citing reasons for closing a preliminary enquiry initiated against Adani Group for overvaluation in the import of power plant equipment by Rs 6,000 crore.

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Anil Ambani's Reliance Sends Rs 1,000 Cr Defamation Notice To Cong's Nirupam

Anil Ambani's Reliance Sends Rs 1,000 Cr Defamation Notice To Cong's Nirupam

Anil Ambani-led Reliance Group today said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making "false and baseless" allegations against the company.

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Spot Power Price Surges 24% To Rs 4.02/unit In March

Spot Power Price Surges 24% To Rs 4.02/unit In March

The average price of spot power on IEX rose 24 per cent to Rs 4.02 per unit in March over the previous month on seasonal transition and early onset of summer, the energy exchange said.

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PIL On Over-invoicing By Power Firms: Delhi HC Seeks CBI Probe Status

PIL On Over-invoicing By Power Firms: Delhi HC Seeks CBI Probe Status

The Delhi High Court today sought the CBIs response on its inquiry into alleged over-invoicing of coal and equipment imported by power generating companies of Adani group for its plants.

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RINL Registered A 31% Jump In Turnover At Over Rs 16,500 Crore (Provisional) In 2017-18 Over 2016-17

RINL Registered A 31% Jump In Turnover At Over Rs 16,500 Crore (Provisional) In 2017-18 Over 2016-17

Rashtriya Ispat Nigam Ltd, (RINL), the corporate entity of Visakhapatnam Steel Plant, registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17, led by higher volumes of production and sales.

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Oil Hits Two-week Low After China Hits Us Goods With Tariffs

Oil Hits Two-week Low After China Hits Us Goods With Tariffs

Oil fell to its lowest in two weeks on Wednesday after China said it would impose tariffs on a number of U.S. goods including agricultural products, raising the prospect of a growing trade war that could impact global growth.

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Renegotiated LNG Deal With Russia's Gazprom To Kick-in From May: Dharmendra Pradhan

Renegotiated LNG Deal With Russia's Gazprom To Kick-in From May: Dharmendra Pradhan

State-run GAIL India's renegotiated LNG import deal with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to fully contracted quantity of 2.5 million tonnes (MT) in 5-6 year, Oil Minister Dharmendra Pradhan said today.

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India To Offer $3-4 Billion Development Plan For Giant Iran Gas Field: Sources

India To Offer $3-4 Billion Development Plan For Giant Iran Gas Field: Sources

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project, two sources familiar with the matter said.

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Russia's Transneft Halts Oil Intake From Rosneft Subsidiary

Russia's Transneft Halts Oil Intake From Rosneft Subsidiary

Russian oil pipeline monopoly Transneft said on Wednesday it had stopped taking oil from a subsidiary of Rosneft due to its low quality.

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Petroleum Regulator Changes Bid Norms For CNG, PNG Retail Licence

Petroleum Regulator Changes Bid Norms For CNG, PNG Retail Licence

After 'one paisa' bids spoilt the initial auction rounds, oil regulator PNGRB has radically changed the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.

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India Becomes 2nd Largest Crude Steel-maker; China On Top

India Becomes 2nd Largest Crude Steel-maker; China On Top

India has overtaken Japan to become the world’s second largest producer of crude steel in February, according to the Steel Users Federation of India (Sufi).

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Goyal Alleges Lack Of Support From Odisha Government In Increasing Coal Production

Goyal Alleges Lack Of Support From Odisha Government In Increasing Coal Production

Union coal minister Piyush Goyal said the Centre is not able to increase coal production in Odisha due to lack of support from the state government.

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Cabinet Apprised Of MoU Between India, UAE In Rail Sector

Cabinet Apprised Of MoU Between India, UAE In Rail Sector

The Indian Railways today apprised the Cabinet of an MoU signed between India and the United Arab Emirates on technical cooperation in rail sector.

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Wipro Infrastructure Engineering Looks Up, Eyes $100 Mn From Aerospace

Wipro Infrastructure Engineering Looks Up, Eyes $100 Mn From Aerospace

Wipro Infrastructure Engineering (WIN) says it expects revenue to double to over $100 million from its aerospace business on the back of growing business from customers such as Airbus and Boeing.

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Adani Forays Into Road Infrastructure, Wins Rs 1,140-crore Highway Project In Chhattisgarh

Adani Forays Into Road Infrastructure, Wins Rs 1,140-crore Highway Project In Chhattisgarh

Adani Group today announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

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Capacit'e Infra Bags Contract Worth Rs365.5cr From Oberoi Realty

Capacit'e Infra Bags Contract Worth Rs365.5cr From Oberoi Realty

Capacit’e Infraprojects Limited has received contracts worth Rs365.5cr from Oberoi Realty Group for the following projects:

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Full Magenta Line Likely To Open For Public In April

Full Magenta Line Likely To Open For Public In April

Connecting south Delhi to Noida and west Delhi in one stretch, the remaining portion of Magenta Line (Janakpuri West-Botanical Garden) is expected to be open for public within this month, a Delhi Metro Rail Corporation official said on Wednesday.

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After Complaints, Railways Plans Softer, Lighter, Cleaner Blankets In AC Coaches

After Complaints, Railways Plans Softer, Lighter, Cleaner Blankets In AC Coaches

Passengers travelling in air-conditioned coaches of trains can now wrap themselves up in soft and clean blankets of superior quality, according to revised specifications issued by the Railway Board.

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Big Relief For Indian Railways, But A Huge Setback For Passengers Over Crime In Trains

Big Relief For Indian Railways, But A Huge Setback For Passengers Over Crime In Trains

The Indian Railways cannot be blamed for a chain snatching incident if the "miscreant" is outside the train compartment, the apex consumer commission has said while quashing lower fora orders holding it responsible for the loss to a passenger.

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BEML, Railways And Dept Of S&T To Set Up Rs 300-cr Centre Of​ Excellence

BEML, Railways And Dept Of S&T To Set Up Rs 300-cr Centre Of​ Excellence

BEML, Railways And Dept Of S&T To Set Up Rs 300-cr Centre Of​ Excellence

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