GOOD MORNING INDIA

October 18, 2018, Thursday

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

Goyal instructs officials to closely monitor power situation

Goyal instructs officials to closely monitor power situation

Union Minister Piyush Goyal on Friday instructed officials from the coal, power and railway ministries to “keep a close vigil on the power production and supply situation” in the country.

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World Bank approves Rs 2,040 crore assistance for India’s energy efficiency program

World Bank approves Rs 2,040 crore assistance for India’s energy efficiency program

The World Bank today announced it has approved a Rs 2,040 crore (US $300 million) assistance to help scale up India’s energy efficiency program. This includes Rs 1,496 crore of loan and additional Rs 544 crore to be provided as guarantee for projects.

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Renaissance Steel asks NCLAT to declare Tata Steel’s bid for Electrosteel ‘ineligible’

Renaissance Steel asks NCLAT to declare Tata Steel’s bid for Electrosteel ‘ineligible’

Renaissance Steel Pvt Ltd, one of the unsuccessful resolution applicant for Electrosteel Steel Ltd, moved the National Company Law Appellate Tribunal (NCLAT) on Friday seeking a declaration that Tata Steel Ltd, another unsuccessful resolution applicant,

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KEC International sees rise in SAARC orders despite Afghan setback

KEC International sees rise in SAARC orders despite Afghan setback

Infrastructure company KEC International sees Saarc as one of the drivers of growth, despite the setback in Afghanistan where some of its employees have been abducted, according to its managing director, Vimal Kejriwal.

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Tamil Nadu staring at power crisis as Tangedco has coal only for 4 days

Tamil Nadu staring at power crisis as Tangedco has coal only for 4 days

Tamil Nadu is staring at a major power crisis as Tangedco — the state power utility — is running short of coal. As on date, it has stock for just four days.

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Tata Steel buys Bhushan Steel, to settle dues of Rs35,200 crore

Tata Steel buys Bhushan Steel, to settle dues of Rs35,200 crore

Tata Steel has announced its acquisition of Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), completing the resolution of the first case under the Insolvency and Bankruptcy Code (IBC), 2016.

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Power producers see no relief from rationalisation of coal linkages

Power producers see no relief from rationalisation of coal linkages

Private power producers (IPPs) believe the methodology for rationalisation of coal linkages approved by the government earlier this week is unlikely so solve the fuel-related issues they face.

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SB Energy wins SECI’s 200 MW auction in Karnataka

SB Energy wins SECI’s 200 MW auction in Karnataka

SB Energy, the joint renewable energy venture of Japan’s SoftBank, Taiwan’s Foxconn and Bharti Airtel has won the entire 200 MW of solar projects auctioned by Solar Energy Corporation of India (SECI) on Friday, at a tariff of Rs 2.82 per unit.

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NMDC Limited bags awards for corporate social responsibility

NMDC Limited bags awards for corporate social responsibility

India's largest iron ore mining company NMDC Limited has bagged a prestigious award given by a leading global energy information provider in corporate social responsibility category.

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Mahanadi Coalfields CMD Anil Kumar Jha to take over as Coal India Chairman

Mahanadi Coalfields CMD Anil Kumar Jha to take over as Coal India Chairman

Coal India is all set to get a new full time chairman. However, he is slated to retire in less than two years. The development comes eight months after its last full time chairman retired in August and two acting chairmen were appointed in the interim.

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India needs more solar-based cold storage units Loss of horticultural output due to lack of facilities

India needs more solar-based cold storage units Loss of horticultural output due to lack of facilities

Low cost manufacturing and negligible operating costs of solar powered cold storage facilities will increase the shelf life of the fruits and vegetables and make it affordable for many farmers in India.

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African cities pledge to cut climate emissions to zero by 2050

African cities pledge to cut climate emissions to zero by 2050

Africa is sometimes better known for its vulnerability to climate change than its action on the problem - but a set of African cities intend to change that.

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Govt non-committal on cutting excise; oil price rise to inflate import bill by up to $50 bn

Govt non-committal on cutting excise; oil price rise to inflate import bill by up to $50 bn

Economic Affairs Secretary Subhash Chandra Garg said however that economic growth will not be impacted by the rise in oil prices, which have touched USD 80 per barrel -- highest since November 2014.
...

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BP chief Bob Dudley sees shale, OPEC cooling crude oil markets

BP chief Bob Dudley sees shale, OPEC cooling crude oil markets

BP Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this week.

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Inflation to edge higher; May CPI likely around 4.6-4.7%: Report

Inflation to edge higher; May CPI likely around 4.6-4.7%: Report

Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices, and inflation is likely to edge further, says a report.

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Oil prices set for sixth week of gains, India sounds alarm

Oil prices set for sixth week of gains, India sounds alarm

Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.

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PM Narendra Modi to lay foundation of Asia’s longest two lane tunnel

PM Narendra Modi to lay foundation of Asia’s longest two lane tunnel

Prime Minister Narendra Modi will be laying the foundation stone to mark the commencement of the work on India's longest road tunnel and Asia's longest bidirectional tunnel on Saturday.

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Magenta Line to get 1st smart card vends

Magenta Line to get 1st smart card vends

Delhi Metro Rail Corporation (DMRC) is going to launch smart card vending machines that will first become operational at three stations of the line—Botanical Garden, Janakpuri West and Terminal 1-IGI Airport station—as part of a pilot project.

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NHAI to remove 1,615 trees along Bengaluru-Mysuru highway

NHAI to remove 1,615 trees along Bengaluru-Mysuru highway

The National Highway Authority of India (NHAI) has planned to remove as many as 1,615 trees along a stretch of the Bengaluru-Mysuru highway, which is being upgraded as the Bengaluru-Bantwal National Highway 275, for the ongoing upgrading project.

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Chennai-Salem expressway hits 'green' block

Chennai-Salem expressway hits 'green' block

The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change, has recommended to the National Highways Authority of India to study the possibility of realigning the Chennai-Salem Express Highway between Chengam and Salem as it would affect the Kalvarayan hill forest.

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With NCLT, NCLAT closing for vacations, insolvency resolutions face delays

With NCLT, NCLAT closing for vacations, insolvency resolutions face delays

With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution process for firms undergoing bankruptcy proceedings are staring at further delays.

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Parcel Cargo Train Connecting NE To The West Coast Begins Operations

Parcel Cargo Train Connecting NE To The West Coast Begins Operations

The Northeast Frontier Railway has started operating one lease Parcel Cargo Express Train (PCET) on fortnightly basis, connecting Northeastern part of the country to the West Coast, a statement from the ministry said today.

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