GOOD MORNING INDIA

June 19, 2018, Tuesday

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

Sterlite Power Eyes India’s First Offshore Wind Farm Project

Sterlite Power Eyes India’s First Offshore Wind Farm Project

Sterlite Power, which is keen on building the undersea cables that will transmit electricity from India’s first offshore wind farm, off the Gujarat coast, to the national grid, is looking to partner with foreign wind developers to jointly bid for the 1GW project, according to two people close to the development.

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5 Out Of 42 Coal Scam Cases Decided By Special Court

5 Out Of 42 Coal Scam Cases Decided By Special Court

Five out of a total of 42 cases of coal block allocation scam have so far been decided by a special court here, with the conviction of Gondwana Ispat Ltd and its director today.

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Reliance Industries Posts 17.26% Profit Growth For Q4; Jio Profit At Rs 510 Crore

Reliance Industries Posts 17.26% Profit Growth For Q4; Jio Profit At Rs 510 Crore

Reliance Industries (RIL) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its highest quarterly profit.

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Sanjay Banga Is New CEO Of Tata Power-DDL

Sanjay Banga Is New CEO Of Tata Power-DDL

Tata Power Delhi Distribution Ltd (TPDDL), the Tata-owned private power distributor in the national capital, today announced the appointment of Sanjay Banga as the new Chief Executive Officer (CEO) of the company.

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SECI invites bids for 2000 MW hybrid solar and wind projects

SECI invites bids for 2000 MW hybrid solar and wind projects

Solar Corporation of India (SECI) is set to launch its second hybrid tender – for projects combining wind and solar energy – in May.

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Coal Scam: Gondwana Ispat Ltd Director Convicted, Punishment On May 1

Coal Scam: Gondwana Ispat Ltd Director Convicted, Punishment On May 1

CBI Special Judge Bharat Parashar on Friday held guilty Gondwana Ispat Ltd and its Director for cheating and criminal conspiracy under the provisions of Indian Penal Code but reserved the order on quantum of punishment till May 1.

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Essar Steel Bids Case Hearing On 17 May

Essar Steel Bids Case Hearing On 17 May

The National Company Law Appellate Tribunal (NCLAT) on Friday agreed to hear on 17 May cross petitions filed by disqualified Essar Steel Ltd bidders Numetal Ltd and ArcelorMittal India Ltd.

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Liberty House Offers Over Rs26,000 Crore For Bhushan Power And Steel

Liberty House Offers Over Rs26,000 Crore For Bhushan Power And Steel

UK-based Liberty House has offered over Rs26,000 crore for acquiring the stressed assets of Bhushan Power & Steel Ltd (BPSL), leading Tata Steel and JSW in the race.

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Reliance Industries Posts 17.26% Profit Growth For Q4; Jio Profit At Rs 510 Crore

Reliance Industries Posts 17.26% Profit Growth For Q4; Jio Profit At Rs 510 Crore

Reliance Industries (RIL) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its highest quarterly profit.

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Indian Oil Board Approves ₹4,221 Cr Ethylene Glycol Project

Indian Oil Board Approves ₹4,221 Cr Ethylene Glycol Project

The Board of Indian Oil Corporation at its meeting held on April 26 has accorded approval for implementation of the 357-KTA ethylene glycol project, along with associated facilities at Paradip based on off-gas of the fluid catalytic cracking unit.

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Exxon First-quarter Profit Misses Estimates On Refining, Chemical Woes

Exxon First-quarter Profit Misses Estimates On Refining, Chemical Woes

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as weakness in its chemical and refining operations offset a boost from higher crude prices.

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Petrol, diesel prices hurting both common-man and government: What really can be done

Petrol, diesel prices hurting both common-man and government: What really can be done

Petrol and diesel prices have not been hiked in the last four days but they are still at a multi-year high. The fuel prices in India has risen due to the international oil price rally since October last year.

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Crude oil futures fall 0.29%, hurt by weak global cues

Crude oil futures fall 0.29%, hurt by weak global cues

Crude oil futures fell 0.29 per cent to Rs 4,545 per barrel today in line with a weak overseas trend. Crude oil for delivery in May was trading lower by Rs 13, or 0.29 per cent, at Rs 4,545 per barrel with a business volume of 1,889 lots at Multi Commodity Exchange (MCX).

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Petrol, Diesel Prices Unchanged For Day 3. How Much Rates Are Up So Far This Month

Petrol, Diesel Prices Unchanged For Day 3. How Much Rates Are Up So Far This Month

There was no change in petrol and diesel prices today, a third day of steady rates. Currently, oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - review the rates on a daily basis.

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We Are Targeting 40% Freight Traffic Market Share By 2022, Says Mohammad Jamshed, Member-traffic, Railway Board

We Are Targeting 40% Freight Traffic Market Share By 2022, Says Mohammad Jamshed, Member-traffic, Railway Board

What were the key factors that helped you achieve freight loading growth in in 2017-18?

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BEML Optimistic About Mumbai-ahmedabad Bullet Train Project

BEML Optimistic About Mumbai-ahmedabad Bullet Train Project

State-run BEML Ltd, the leading manufacturer of Rail and Metro coaches, remains focused on the Mumbai-Ahmedabad bullet train project as "some indigenisation" is expected, an official said on Friday.

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Defence Ministry PSU In Talks With Hitachi To Give Bullet Trains A Desi Makeover

Defence Ministry PSU In Talks With Hitachi To Give Bullet Trains A Desi Makeover

BEML, a PSU under the defence ministry, is keen to enter the business of part indigenisation of bullet train components for which it has entered into an agreement with Japanese company Hitachi, a company official said.

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3,479 Unmanned Level Crossings On Indian Railways Broad Gauge Network

3,479 Unmanned Level Crossings On Indian Railways Broad Gauge Network

A day after the horrific accident which left 13 students dead an unmanned level crossing in Uttar Pradesh's Kushihnagar, the Indian Railways on Friday revealed that a staggering 3,479 such unmanned crossings still exist on the entire broad gauge network.

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‘Railways Has Emerged As Most Preferred Carrier Of Automobiles’

‘Railways Has Emerged As Most Preferred Carrier Of Automobiles’

Railways has emerged as the most preferred carrier of automobiles in the country during the 2017-18 fiscal with a 16 per cent jump in vehicles being transported by trains, the ministry said today.

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Metro Fare Hike

Parking Fee Hike Justified: DMRC

In the wake of Delhi chief minister Arvind Kejriwal criticising Delhi Metro Rail Corporation's (DMRC) move to increase parking charges from May 1, DMRC has written to the Delhi government, justifying the decision.

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77.45 Hectares Of Forest Land For Bullet Train: Maharashtra Govt Seeks Additional Details Before Giving Approval

77.45 Hectares Of Forest Land For Bullet Train: Maharashtra Govt Seeks Additional Details Before Giving Approval

The Maharashtra forest department has raised queries regarding a proposal submitted by the National High-Speed Railway Corporation Limited (NHSRCL) seeking to divert 77.45 hectares of forest land in the state for the proposed Mumbai-Ahmedabad bullet train project.

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