GOOD MORNING INDIA

October 17, 2018, Wednesday

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

India Energises Diplomacy In Neigbourhood

India Energises Diplomacy In Neigbourhood

Pushing a regional integration strategy as part of its foreign policy in the neighbourhood, India is building energy infrastructure in several south Asian countries.

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Solar Manufacturing Schemes Face Hurdles Over Subsidy, WTO Rules

Solar Manufacturing Schemes Face Hurdles Over Subsidy, WTO Rules

A subsidy scheme for promoting solar power equipment manufacturing is awaiting approval of the finance ministry while another one that offers assured power offtake to manufacturers is embroiled in World Trade Organisation (WTO) regulations.

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JSW Energy

JSW Energy Reports Rs 483 Cr Net Loss On Jaiprakash Power Deal

The Sajjan Jindal-led JSW Energy today reported a consolidated net loss of Rs 483.07 crore for the quarter to March, mainly due to provisioning of Rs 418 crore related to a loan.

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Adani Power's Q4 Net Loss Narrows To Rs 667 Cr, To Raise Rs 5k Cr Via Share/bonds

Adani Power's Q4 Net Loss Narrows To Rs 667 Cr, To Raise Rs 5k Cr Via Share/bonds

Adani Power today reported narrowing of its consolidated net loss to Rs 667.48 crore in the quarter ended March 2018 on account of lower expenses.

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PSPCL Reduces Losses To Rs 1,250 Cr On Lower T&D Losses, Fixed Costs

PSPCL Reduces Losses To Rs 1,250 Cr On Lower T&D Losses, Fixed Costs

Power utility Punjab State Power Corporation Limited (PSPCL) today said it has achieved significant reduction in losses through a series of strategic initiatives taken during 2017-18.

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JSW Energy Almost Doubles Capex Plan For EV Arm To Rs 6,500 Cr

JSW Energy Almost Doubles Capex Plan For EV Arm To Rs 6,500 Cr

Buoyed by the rising demand for electric vehicles on the back of government push, JSW Energy today announced an increased capex plan of Rs 6,500 crore for the new venture, as it plans to launch electric buses and light pick-up trucks apart from cars.

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AP Govt Proposes Generation Of 2560 MW Power By 2022: Min

AP Govt Proposes Generation Of 2560 MW Power By 2022: Min

The Andhra Pradesh government today said it planned to generate an additional 2,560 MW of power by the financial year 2022 to meet the anticipated load growth, though it has a surplus as of now.

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NTPC Aims To Generate 268 BUs Electricity This Fiscal

NTPC Aims To Generate 268 BUs Electricity This Fiscal

State-run power giant NTPC targets a revenue of Rs 85,500 crore from operations and generation of 268 billion units of electricity in the current fiscal, according to an MoU signed by the PSU with the Power Ministry.

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PowerGrid to electrify

UP To Electrify All Hamlets By Year-end

With an eye on the Lok Sabha polls scheduled for next year, the Uttar Pradesh government has set a deadline of December 31 this year to connect 62,000 hamlets, which still don’t have electricity, with power.

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Tesla Faces Angry Wall Street As CEO Musk Snubs Analysts On Call

Tesla Faces Angry Wall Street As CEO Musk Snubs Analysts On Call

Tesla Inc Chief Executive Elon Musk's refusal to take questions from analysts about the electric car maker's financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent.

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Egyptian Electricity Holding To Raise $700 Mln Loan With HSBC And Credit Suisse - Sources

Egyptian Electricity Holding To Raise $700 Mln Loan With HSBC And Credit Suisse - Sources

State-owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $700 million with Credit Suisse and HSBC leading the deal, banking sources said.

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When Will Electric Cars Take Over The Roads?

When Will Electric Cars Take Over The Roads?

The age of the electric vehicle (EV) will be here sooner than you think.

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ONGC Drills 503 Wells In FY ’18, Highest In 27 Years

ONGC Drills 503 Wells In FY ’18, Highest In 27 Years

Oil and Natural Gas Corporation Ltd (ONGC) on Thursday announced that it has drilled 503 wells in 2017-18, which is the highest number of wells drilled in last 27 years.

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Eight Geopolitical Risks That Could Send Oil Prices Surging

Eight Geopolitical Risks That Could Send Oil Prices Surging

The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from.

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Vedanta PAT Surges 40% To Rs 3,956 Crore

Vedanta PAT Surges 40% To Rs 3,956 Crore

Diversified natural resources company Vedanta Ltd’s attributable profit after tax before exceptional items at a consolidated basis surged 40% year-on-year basis to Rs 3,956 crore for the three months ended March 31, 2018, largely helped by an exceptional gain of Rs 2,869 crore.

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Petrol-diesel Price Differential Narrows Down To Rs 12 A Litre

Petrol-diesel Price Differential Narrows Down To Rs 12 A Litre

All is not well on the global crude oil market front, what with crude oil prices scaling upwards of $70 a barrel as a result of geopolitical issues, and OPEC and Russia reducing supplies.

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Vedanta, ONGC Top Bidders In Oil Block Auction

Vedanta, ONGC Top Bidders In Oil Block Auction

Mining moghul Anil Agarwal’s Vedanta Ltd and state-owned ONGC were top bidders on Wednesday for 55 oil and gas blocks offered in India’s maiden open acreage auction that was shunned by domestic private and international energy majors.

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LPG Cylinders Get Cheaper For 5th Month In A Row. Here's What You Have To Pay Now

LPG Cylinders Get Cheaper For 5th Month In A Row. Here's What You Have To Pay Now

LPG cylinder prices were lowered this month. While the reduction in subsidised LPG cylinder prices was negligible, non-subsidised cylinder prices were reduced by 0.5 per cent, data from Indian Oil Corporation showed. Indian Oil supplies LPG or cooking gas under brand Indane.

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Indian Oil Corporation To Provide Green Fuel For Amaravati

Indian Oil Corporation To Provide Green Fuel For Amaravati

A national-level delegation from Indian Oil Corporation (IOC) informed Chief Minister N Chandrababu Naidu of their ‘total energy services plan’ for Amaravati which included bio fuel and waste management studies for sustainable development.

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Indian Railways gets ready for Accrual Accounting

Indian Railways gets ready for Accrual Accounting

The 165-year-old Indian Railways will usher in its most profound accounting reform since Independence as it prepares its financial statements for the current fiscal under the accrual-based accounting system, the process widely followed by the corporate sector.

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With 30% Trains Running Late In 2017-18, Railways Registers Worst Punctuality In 3 Years

With 30% Trains Running Late In 2017-18, Railways Registers Worst Punctuality In 3 Years

The punctuality performance of Railways in 2017-18 was worse in comparison to the two financial years before that, with almost 30 per cent of its trains running late, according to official data.

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What Railways Hope To Learn From German Rail

What Railways Hope To Learn From German Rail

In June, Indian Railways probationers will head to Berlin to study Deutsche Bahn (DB), one of the best-performing and advanced railway systems in the world, and Europe’s largest.

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India's Second Oldest Metro Rail Is Allowing Companies To Brand Stations Amid Declining Ridership

India's Second Oldest Metro Rail Is Allowing Companies To Brand Stations Amid Declining Ridership

In late 2015, I noticed that the subway stop that I took everyday to work had been renamed.

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CR Plans To Take IMD Help To Make Monsoon Train Timetable

CR Plans To Take IMD Help To Make Monsoon Train Timetable

The Central Railway (CR) plans to ask the India Meteorological Department (IMD) to help with rain forecast so that train services can be planned accordingly.

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Lenders To Get 7.6% Stake In Electrosteel Steels After Vedanta Takeover

Lenders To Get 7.6% Stake In Electrosteel Steels After Vedanta Takeover

Lenders will get 7.6 per cent stake in Jharkhand-based steel mill Electrosteel if Vedanta’s bid to take over the company goes through.

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Bullet Train Land Row: Rlys Says Farmers To Get Higher Compensation

Bullet Train Land Row: Rlys Says Farmers To Get Higher Compensation

Farmers giving away land for the Mumbai-Ahmedabad bullet train will get an additional 25 per cent of the market value of the land over and above the compensation they were entitled to, the Railways said today

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National Rail Museum To Keep Doors Open Till 9 PM From Tomorrow

National Rail Museum To Keep Doors Open Till 9 PM From Tomorrow

The National Rail Museum will keep its doors open till 9 PM from tomorrow in a bid to increase footfalls at the countrys premier custodian of railway heritage, a senior official of the railways said today.

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IRB Infra Declares Financial Results For Q4 And FY18

IRB Infra Declares Financial Results For Q4 And FY18

IRB Infrastructure Developers Ltd. (IRB); India’s leading and one of the largest highways infrastructure developers, today announced its audited financial results for the Q4 and FY18.

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Special Rajdhani Train To Get Engines At Both Ends

Special Rajdhani Train To Get Engines At Both Ends

In order save the travel time, the Indian Railways for the first time has decided to get two engines fitted, one each in front and back, of a passenger train.

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'Divided By States, United By Railways'

'Divided By States, United By Railways'

Navapur, a nagar panchayat in Maharashtra, has a railway station that doesn't just belong to one state - half of the station is also located in Gujarat.

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