GOOD EVENING INDIA

October 17, 2018, Wednesday


Your Evening News Updates From Across The Media Space 

Bajaj Electricals wins Rs 2,389-cr order from Purvanchal Vidyut Vitran Nigam

Bajaj Electricals wins Rs 2,389-cr order from Purvanchal Vidyut Vitran Nigam

Bajaj Electricals today said it has bagged orders aggregating to Rs 2,389.03 crore from Purvanchal Vidyut Vitran Nigam Ltd (PuWNL) for rural electrification projects in Uttar Pradesh.

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Visibility over resolution of the stressed thermal capacity remains weak: ICRA

Visibility over resolution of the stressed thermal capacity remains weak: ICRA

The possibility of resolution of issues of 60 giga watt of stressed thermal power capacity is expected to remain weak due to concerns including absence of fresh-long term power purchase agreements, unviable tariffs amidst rising fuel costs, escalation in capital costs and uncertainty on domestic gas availability feels

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Government gives approval for India-ISA Headquarters Agreement

Government gives approval for India-ISA Headquarters Agreement

The government today gave an ex-post facto approval to a proposal for entering into Headquarters Agreement between India and International Solar Alliance (ISA).

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India Will Become a Key Driver in Energy Sector in Next 25 Years: PM Modi

India Will Become a Key Driver in Energy Sector in Next 25 Years: PM Modi

Prime Minister Narendra Modi on Wednesday asserted that India will be a key driver in the energy sector in the next 25 years. The PM was addressing 16th International Energy Forum Ministerial Meeting in New Delhi.

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We are being 'befooled' by executive, says 'frustrated' Supreme Court

We are being 'befooled' by executive, says 'frustrated' Supreme Court

"We are being befooled by the executive", was what a "frustrated" Supreme Court said today while ruing the fact that around Rs one lakh crore worth of funds meant to protect the environment and benefit the people, was being diverted for other purposes.

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China utilities plan new coal import price index to curb volatility

China utilities plan new coal import price index to curb volatility

Huaneng is working on the plan with China Datang Corp, Guangdong Yuedean Group and Zhejiang Energy, said Xu Zanfei, director of planning for Huaneng's fuel department.
...

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BP teams up with Tesla to venture into battery storage for windfarm

BP teams up with Tesla to venture into battery storage for windfarm

BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday.

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Mumbai discoms gear up for scorching summer, expect 10% rise in peak power demand

Mumbai discoms gear up for scorching summer, expect 10% rise in peak power demand

With the city experiencing a heat wave-like situation last month as maximum temperatures touched 41 degrees Celsius, power utility firms expect peak demand for electricity to shoot up by 10% this summer.

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Saudi Aramco to take 50% stake in India's Rs 3-trn West Coast refinery

Saudi Aramco to take 50% stake in India's Rs 3-trn West Coast refinery

The world's largest oil producer Saudi Aramco on Wednesday signed a deal with India to take up 50 per cent stake in the Rs 3 trillion West Coast refinery. The company also offered an interest in foraying into petroleum retail business in India.

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Government asks oil companies not to raise diesel price, absorb Re 1/litre hike

Government asks oil companies not to raise diesel price, absorb Re 1/litre hike

India’s state-run oil retailers have been asked not to increase retail diesel and gasoline prices and absorb a part of the losses due to the recent recovery in global crude oil, people with knowledge of the matter said.

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ONGC will produce gas from KG Basin by end 2019 and oil by 2021: Shashi Shanker

ONGC will produce gas from KG Basin by end 2019 and oil by 2021: Shashi Shanker

The market has been expecting a merger of MRPL and HPCL, a share swap of sorts. How important or bigger priority is that for you or could it happen in this financial year?

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Need Gas Price Regulation That Benefits Consumers, Says PM Modi

Need Gas Price Regulation That Benefits Consumers, Says PM Modi

Noting that India will be a key driver of global energy demand in the next quarter century, Prime Minister Narendra Modi on Wednesday called for “responsible” pricing in the hydrocarbons market so as to balance the interests of oil and gas producers and consumers.

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PM Modi says India’s rapid economic growth will drive global energy demand

PM Modi says India’s rapid economic growth will drive global energy demand

Prime Minister Narendra Modi today said India’s rapid economic growth will emerge as a key driver of the rise in global energy demand over the next quarter century amid fundamental transformations in the global energy landscape.

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Oil companies shares tank 8% on reports government to ask to absorb Re 1/litre hike; HPCL, IOC, BPCL crash

Oil companies shares tank 8% on reports government to ask to absorb Re 1/litre hike; HPCL, IOC, BPCL crash

Shares of almost all the oil marketing companies cracked in the late morning trades on the news reports that the government may ask the firms to absorb Re 1 per litre hike and pass on the maximum possible benefit to the customers

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India's Petronet LNG aims to partner with ONGC Videsh in Qatar project

India's Petronet LNG aims to partner with ONGC Videsh in Qatar project

India's Petronet LNG Ltd wants to partner with ONGC Videsh Ltd (OVL), the overseas arm of India's biggest explorer Oil and Natural Gas Corp Ltd, to pick up a stake in an upcoming exploration and liquefied natural gas (LNG) project in Qatar, a company official said.

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Saudi Oil Goal of $80 a Barrel Will Hurt Fastest Growing Buyer

Saudi Oil Goal of $80 a Barrel Will Hurt Fastest Growing Buyer

Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.

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PM calls for responsible pricing for affordable energy to all

PM calls for responsible pricing for affordable energy to all

Prime Minster Narendra Modi today called for reasonable and responsible pricing to provide easy access of affordable energy to all.

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India prepared to grant 50% stake to Aramco in west coast refinery: Sources

India prepared to grant 50% stake to Aramco in west coast refinery: Sources

India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery, said an industry source privy to the deal, in a move that would give the kingdom a new stable outlet for its oil.

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Devon Energy will lay off 9 percent of staff to boost returns, streamline operations

Devon Energy will lay off 9 percent of staff to boost returns, streamline operations

Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer's sagging returns and stock price.

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Oil demand estimates converging but better data still needed: OPEC

Oil demand estimates converging but better data still needed: OPEC

Oil demand estimates by major government forecasters are converging, an OPEC official said on Tuesday, although more effort is needed to improve the quality of data about the global market.

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India's MRPL trims oil purchase deal with Saudi Aramco: sources

India's MRPL trims oil purchase deal with Saudi Aramco: sources

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has cut its annual oil import deal with Saudi Aramco by about 22 percent to 70,000 barrels per day (bpd), two company sources said.

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Soon, you may have to pay highway toll based on distance actually travelled

Soon, you may have to pay highway toll based on distance actually travelled

Each time a vehicle pays a toll on a national highway, its movement could now be mapped for the distance it actually travels on that road. This would be done to charge toll in proportion to the road facility used by that vehicle. Pilot run for such "geo-fencing" on the Delhi-Mumbai highway is expected to begin in the next couple of weeks as the Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) is finalising the proposal of charging a toll based on the distance travelled.

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Modi Rejects Plan To Turn CST Into Museum

Modi Rejects Plan To Turn CST Into Museum

Prime Minister Narendra Modi has turned down Railway Minister Piyush Goyal’s ambitious plan to convert Mumbai’s Chhatrapati Shivaji Terminus into one of the first museum-cum-railway stations in India, ministry sources said.
The terminal was built over 10 years, starting in 1878. It was designed on the late medieval Italian models and it was elevated to the status of a Unesco World Heritage Site in 2004.

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Indian infrastructure: Wish list for new fiscal

Indian infrastructure: Wish list for new fiscal

The start of the new financial year provides us with an opportunity to look at developments that could herald the next big step for Indian infrastructure. These would help push the country further on to the global stage and propel economic growth. Here is our wish list for the Indian infrastructure sector in financial year 2018-19.

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Adani Group may now look at projects under toll-operate-transfer model

Adani Group may now look at projects under toll-operate-transfer model

Having entered the road construction business with its first hybrid annuity model project, the Adani Group may now look at the toll-operate-transfer (TOT) model, according to a spokesperson for the group.

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Sevoke–Rangpo Railway line finally gets GTA Nod

Sevoke–Rangpo Railway line finally gets GTA Nod

A most awaited moment for the cornered tiny Himalayan state Sikkim was graced today after assurance from GTA Chairman Binay Tamang last month to bring good coordination between Hill and Sikkim. The Gorkhaland Territorial Administration (GTA) has finally issued a no-objection certificate (NOC) to Sikkim’s first railway line, the Sevoke- Rangpo railway project. In a press statement, Chairman of the GTA Board of Administrators, Binoy Tamang said they have fulfilled their promise and have given the NOC for the rail line.

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How Railways Releases Berths Under Emergency Quota

How Railways Releases Berths Under Emergency Quota

Indian Railways has earmarked limited number of berths under emergency quota in different trains and in different classes for those holding high official positions, Rajya Sabha was informed on Tuesday.

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No Tech can detect Objects on Tracks: says Central Railway during hearing of a PIL

No Tech can detect Objects on Tracks: says Central Railway during hearing of a PIL

A year after there were several instances of miscreants putting rods on tracks, including the one at Diva where an incoming train stopped in the nick of time to avoid collision with a 7-metre rail rod, the Railways says it found no technology to detect foreign objects on tracks, which could forewarn any danger.

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SCR grabs “Pandit Govind Ballabh Pant ” Shield for overall Best Performance among Zonal Railways

SCR grabs “Pandit Govind Ballabh Pant ” Shield for overall Best Performance among Zonal Railways

Ministry of Railways has awarded most prominent “Pandit Govind Ballabh Pant” Shield to South Central Railway for registering overall best performance among all Zones of Indian Railways. This shield was instituted in the year 1988 in the memory of Late Pandit Govind Ballabh Pant on the occasion of his birth centenary.

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