GOOD MORNING INDIA

October 23, 2018, Tuesday

Your Morning Newsletter In Energy And Infrastructure From Across The Media Space  

This Is Where India Could Become A Global Superpower Soon, And World Bank Is Vouching For It

This Is Where India Could Become A Global Superpower Soon, And World Bank Is Vouching For It

This January, India achieved the 20 GW solar capacity target, meant for 2022 — four years ahead of the deadline, and it did not go unnoticed.

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HSBCPulls The Plug On Coal

HSBC Pulls The Plug On Coal

HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling.

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Coal Famine In Chhattisgarh, Madhya Pradesh Plunges Kerala Into Blackouts

Coal Famine In Chhattisgarh, Madhya Pradesh Plunges Kerala Into Blackouts

Shortage of coal at Jindal Tamnar Thermal Station, Chhattisgarh, and Jhabua Thermal Station, Madhya Pradesh, has hit power supply in Kerala.

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Solar Energy Co: Friends Find Light At The End Of Tunnel

Solar Energy Co: Friends Find Light At The End Of Tunnel

Inspired by the Norse god of sun, wealth and prosperity – Freyr, this Hyderabad-based startup literally harnesses the power of the sun to electrify business establishments as well as homes in urban and rural areas in a sustainable manner.

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Belgium To Double Offshore Wind Energy Capacity As It Exits Nuclear Power

Belgium To Double Offshore Wind Energy Capacity As It Exits Nuclear Power

Belgium will double the area of its North Sea waters made available to offshore wind parks after 2020, the government announced on Friday, as part of its exit strategy from nuclear power.

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Sebi Slaps Over Rs 1 Cr Fine On Suzlon Energy

Sebi Slaps Over Rs 1 Cr Fine On Suzlon Energy

Sebi today slapped a fine of more than Rs 1 crore on wind turbine maker Suzlon Energy for violating listing agreement norms.

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METALS AND MINES

Vedanta’s Electrosteel Acquisition Credit Neutral: Report

Vedanta’s Electrosteel Acquisition Credit Neutral: Report

Vedanta’s acquisition of the crippled Electrosteel Steels is credit neutral on the resources major as it will have only a marginal impact on its overstretched balance sheet, says a report.

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Steel Production In India Seen Increasing To A Record In FY18

Steel Production In India Seen Increasing To A Record In FY18

India’s steel production rose to 86.7 million tonnes in the nine months to December 2017 from 73.96 million tonnes in the year-ago period, steel ministry data shows.

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3.60 Cr LPG Connections Given Under Ujjwala Scheme In 2 Years: Dharmendra Pradhan

3.60 Cr LPG Connections Given Under Ujjwala Scheme In 2 Years: Dharmendra Pradhan

Union Petroleum and Naural Gas Minister Dharmendra Pradhan and Chief Minister Nitish Kumar today launched the "extended Pradhan Mantri Ujjwala Yojana" in Bihar under which 8 crore LPG connections would be given to beneficiaries across the country.

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GAIL To Bring Gazprom LNG To India Next Month At Reduced Prices

GAIL To Bring Gazprom LNG To India Next Month At Reduced Prices

The first liquefied natural gas (LNG) cargo from Russian energy major Gazprom will land in India in May, following an agreement in January with India’s state-owned gas supplier and developer GAIL India to bring down prices based on a new formula.

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Petrol Price In National Capital Touches Rs74.08/ltr, Highest Since 2013

Petrol Price In National Capital Touches Rs74.08/ltr, Highest Since 2013

Petrol price in the national capital touched a fresh high of Rs 74.08 per litre on Friday — the highest in nearly five years. In September 2013, the price was Rs 74.10 a litre.

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Punjab Releases 60,000 Gas Connections On Ujjwala Diwas

Punjab Releases 60,000 Gas Connections On Ujjwala Diwas

In order to promote safe and sustainable use of LPG in rural kitchens, Punjab government on Friday while observing Ujjwala Diwas released nearly 60,000 Pradhan Mantri Ujjwala Yojana connections at 705 locations across the state.

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Talk Of Oil At $100 Exaggeration As Of Now: A Prasanna, ICICI Securities

Talk Of Oil At $100 Exaggeration As Of Now: A Prasanna, ICICI Securities

In an interaction with ETNow, A Prasanna, Chief Economist, ICICI Securities, says oil price rise will affects current account deficit, and then the balance of payment.

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Oil Falls After Trump Slams OPEC, Says Will Not Accept Inflated Prices

Oil Falls After Trump Slams OPEC, Says Will Not Accept Inflated Prices

Crude oil benchmark prices, Brent and West Texas Intermediate (WTI), fell around one per cent in international market on Friday after US President Donald Trump said OPEC is keeping oil prices artificially high and he would not accept that.

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Oil Demand

India-Nepal Oil Pipeline Project To Be Completed Soon

Work is at full swing to complete Nepal-India cross border petroleum pipeline project from Motihari to Amlekhgunj.

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Petro Products Need To Be Brought Under GST: Pradhan

Petro Products Need To Be Brought Under GST: Pradhan

Petroleum and Naural Gas Minister Dharmendra Pradhan today stressed on bringing petroleum products under the GST to provide relief to common people from spurt in fuel prices following surging global crude oil rates.

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Indonesia's Pertamina To Take Over 8 Expiring Oil Blocks -energy Ministry

Indonesia's Pertamina To Take Over 8 Expiring Oil Blocks -energy Ministry

Indonesia's Pertamina has signed agreements to take over the rights to eight expiring oil field blocks previously held by Chevron , CNOOC and Inpex, among others, an energy ministry official said on Friday.

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Yorktown Selling Egypt Oil Business Merlon

Yorktown Selling Egypt Oil Business Merlon

Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, two banking sources told Reuters.

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India’s Fuel Demand Grows 5.30% In FY18

India’s Fuel Demand Grows 5.30% In FY18

India’s overall fuel demand grew at a robust 5.30 per cent to approximately 205 Million Tonne (MT) for the full financial year 2017-2018, as compared to 195 MT recorded in the previous financial year of 2016-2017, according to the latest data published by Oil ministry’s statistical arm.

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Dharmendra Pradhan Announces Free LPG For Backward Classes In Bihar

Dharmendra Pradhan Announces Free LPG For Backward Classes In Bihar

In a bid to promote Pradhan Mantri Ujwala Yojana (PMUY) scheme, Union Petroleum Minister Dharmendra Pradhan on Friday announced free gas connections for Dalits and every other backward class in Bihar.

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Railways’ Report Card: Indian Railways Chugging Along Air India Path?

Railways’ Report Card: Indian Railways Chugging Along Air India Path?

Our railways’ commercial and financial health looks worrisome.

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Wow! Indian Railways First Underground Station For High Speed Rail Link In Mumbai Looks Like This

Wow! Indian Railways First Underground Station For High Speed Rail Link In Mumbai Looks Like This

The National High Speed Rail Corporation Limited (NHSRCL) has prepared the design of Bandra Kurla Complex (BKC) station giving a preview of how Mumbai’s first underground station for high speed rail between Mumbai and Ahmedabad shall look.

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Design For Chhayapuri Satellite Station Finalised

Design For Chhayapuri Satellite Station Finalised

The Vadodara railway division of Western Railways has approved the design of the Chhayapuri satellite railway station.

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IRCTC Warns Travellers About Travelkhana, Railyatri, Omitra, Yatrachef; Here Is What It Said

IRCTC Warns Travellers About Travelkhana, Railyatri, Omitra, Yatrachef; Here Is What It Said

IRCTC menu On Rail app: Indian Railway Catering and Tourism Corporation (IRCTC) is all set to launch 'Menu On Rail' app that will help its customers to order the food of their choice.

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Central Railway Registers 19.58 Per Cent Increase In Ticket Checking Earnings In 2017-18

Central Railway Registers 19.58 Per Cent Increase In Ticket Checking Earnings In 2017-18

In the month of March 2018, the Central Railway (CR) detected a total of 199 cases of transfer of reserved journey tickets.

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