GOOD MORNING INDIA

October 17, 2018, Wednesday

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

As Heat Wave Spreads, Spot Power Prices Shoot Through Roof

As Heat Wave Spreads, Spot Power Prices Shoot Through Roof

With the summer heat peaking up, electricity spot prices too have been on an ascend in the current month because of rising power demand and lesser coal supply to thermal power plants.

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Russian Gas Giants Look To Expand In India As New Delhi, Moscow Ramp Up Efforts To Strengthen Energy Ties

Russian Gas Giants Look To Expand In India As New Delhi, Moscow Ramp Up Efforts To Strengthen Energy Ties

Russian gas giant Gazprom and oil major Rosneft were looking to expand their presence in India as the two countries step up efforts to strengthen energy cooperation, officials familiar with the developments said on Tuesday.

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TN Asks Centre To Increase Supply Of Coal

TN Asks Centre To Increase Supply Of Coal

Tamil Nadu today asked the Centre to increase the supply of coal to make thermal power stations in the state attain full capacity.

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CESC wins the franchise for power distribution in Kota and Bharatpur

BSES Offer: Exchange Old AC, Get 47% Discount On New One

Power distribution company BSES has started a scheme where consumers can exchange their old AC with a new one at a discount of 47% on its market price.

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GE Power India Q4 Net Profit Up 32 Per Cent At Rs 51.55 Crore

GE Power India Q4 Net Profit Up 32 Per Cent At Rs 51.55 Crore

GE Power India posted a 32 per cent jump in its standalone net profit of Rs 51.55 crore for the quarter ended March 2018.

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Azure Power wins 200 Megawatt solar projects in Maharashtra

Azure Power wins 200 Megawatt solar projects in Maharashtra

Azure Power today announced it has bagged four 50 MW solar projects for a cumulative capacity of 200 MW in Maharashtra.

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Mumbai Society Uses the Sun to Power 81% of Its Needs, Will Save Rs 1.34 Lakh/Year!

Mumbai Society Uses the Sun to Power 81% of Its Needs, Will Save Rs 1.34 Lakh/Year!

Did you know Mumbai has the potential to generate 1.72 Giga Watt Peak (GWp) solar energy through solar panels atop buildings?

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Does hybrid energy policy make sense for India? Find out.

Does hybrid energy policy make sense for India? Find out.

The government has given the country’s booming renewable energy industry a serious boost. The Ministry of New and Renewable Energy announced a new wind-solar hybrid policy last week that will see the installation of wind-solar-hybrid plants—where both windmills and solar panels are on the same piece of land.

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Beijing Orders Utilities, Miners To Help Cool Red-hot Coal Market -sources

Beijing Orders Utilities, Miners To Help Cool Red-hot Coal Market -sources

China's state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with the matter said, the government's first direct intervention to cool coal prices since mid-2016.

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Oil Price Hike: We Are Looking At All Alternatives, Says Dharmendra Pradhan

Oil Price Hike: We Are Looking At All Alternatives, Says Dharmendra Pradhan

As Brent crude hovered around $80/barrel, causing domestic auto fuel prices to scale new highs, Petroleum Minister Dharmendra Pradhan on Tuesday reiterated that the government was looking at ways to keep rising petrol and diesel prices in check.

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Steps To Deal With Rising Petrol, Diesel Prices Likely This Week

Steps To Deal With Rising Petrol, Diesel Prices Likely This Week

Facing "crisis situation" created by rising fuel prices, the government is likely to come out with "some steps" this week to deal with record high petrol and diesel rates, a senior official said today.

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India Does Not Agree With US On Iran Deal: CRS Report

India Does Not Agree With US On Iran Deal: CRS Report

The degree to which India and the Indian firms will cooperate with the Trump administration's reimposed sanctions on Iran is not certain, a Congressional report has said, asserting that New Delhi does not agree with the US that the Tehran has violated the nuclear deal.

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Fuel Price Hike: Indian Oil Responds To Tough Questions

Fuel Price Hike: Indian Oil Responds To Tough Questions

With petrol and diesel prices across the country having skyrocketed to historic highs, Sanjiv Singh, Chairman of the largest fuel retailer Indian Oil Corp (IOC) today faced a barrage of tough questions from the media during a press conference on the company’s fourth quarter results.

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We Are Trying To Work Out A Formula To Reduce Prices: Amit Shah On Fuel Hike

We Are Trying To Work Out A Formula To Reduce Prices: Amit Shah On Fuel Hike

Bharatiya Janata Party (BJP) president Amit Shah on Tuesday said that the government officials are taking the issue of fuel price hike seriously and a solution to the problem would be reached in the next couple of days.

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Rising Crude Oil Not Responsible For High Petrol And Diesel Prices. It Is High Taxes

Rising Crude Oil Not Responsible For High Petrol And Diesel Prices. It Is High Taxes

Crude oil was trading at $ 112 when petrol prices touched an all-time high of Rs 76.06 in September 2013.

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Indian Oil Clears Air, Says Had No Govt Directive To Cap Prices Before K'taka Polls

Indian Oil Clears Air, Says Had No Govt Directive To Cap Prices Before K'taka Polls

There was no directive from the government to cap oil prices in the run-up to the Karnataka Assembly elections, state-run oil company, Indian Oil Corporation said today, addressing the issue on spurt in fuel prices in the last nine days, right after the elections in the southern state on May 12.

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ONGC, OIL Face Increasing Risk Of Subsidy Sharing: Moody’s

ONGC, OIL Face Increasing Risk Of Subsidy Sharing: Moody’s

State-owned Oil and Natural Gas Corporation (ONGC, Baa1 stable) and Oil India (OIL, Baa2stable) face increasing risk of subsidy sharing due to the rise in oil prices, Moody’s Investors Service has said.

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ONGC Chairman Inaugurates Commercial Production From Nagayalanka-EPS

ONGC Chairman Inaugurates Commercial Production From Nagayalanka-EPS

Oil and Natural Gas Corporation Ltd chairman and managing director Shashi Sankar inaugurated commercial production of oil and gas from Nagayalanka EPS, Krishna district of Andhra Pradesh here on Tuesday.

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IOC fourth quarter net profit up 40 per cent at Rs 5,218 crore

IOC fourth quarter net profit up 40 per cent at Rs 5,218 crore

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today announced a 40 per cent jump in net profit for the quarter ended March 2018 at Rs 5,218 crore on a standalone basis as compared to Rs 3,720 crore reported for the same quarter previous fiscal.

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Here’s why petrol price relief is possible and could be painless

Here’s why petrol price relief is possible and could be painless

For diesel and petrol, it's a record a day every day now. On Saturday, petrol touched the all-time high price since 2013. On Sunday, it beat its previous day’s record. On Monday, it created a new all time high record in Delhi and Mumbai by touching Rs 76.57 and Rs 84.40, respectively.

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Fuel price hike burns hole in public's pocket

Fuel price hike burns hole in public's pocket

As the prices of petrol and diesel continued to soar high on Tuesday, the public requested the government to reduce the price as it's affecting their budget.

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Serica says awaiting U.S. licence for Rhum field

Serica says awaiting U.S. licence for Rhum field

Serica Energy is still awaiting clarity on the impact of the renewal of U.S. sanctions on fields in the North Sea half-owned by a UK subsidiary of the National Iranian Oil Company and has put off the recompletion of one well as it waits for the result of U.S. approval applications, it said on Tuesday.

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Deutsche Bank downgrades European energy to "underweight" after strong gains

Deutsche Bank downgrades European energy to "underweight" after strong gains

Deutsche Bank strategists downgraded European energy to "underweight" from "benchmark" on Tuesday, recommending investors sell the sector they see as over-valued, arguing it is likely to fall back after strong year-to-date gains in crude prices sent it surging.

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Four Years Of Modi Government — Railways: Reforms On Track, Revenue A Worry

Four Years Of Modi Government — Railways: Reforms On Track, Revenue A Worry

Considering its size, scale of operations and importance in the country’s transport infrastructure, the Railway Ministry got a political lightweight at the helm when the Narendra Modi government came to power in 2014.

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IRB Infrastructure’s Q4 Net Profit Goes Up By 16 Per Cent

IRB Infrastructure’s Q4 Net Profit Goes Up By 16 Per Cent

IRB Infrastructure, India’s largest road developing giant, has declared the audited financial results for the Q4 and FY18.

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JNPT Looks To Buy Out Smaller Cash-strapped Ports To Ramp Up Capacity

JNPT Looks To Buy Out Smaller Cash-strapped Ports To Ramp Up Capacity

Jawaharlal Nehru Port Trust (JNPT), the largest container port in India, wants to use its sizeable cash reserves to buy out smaller cash-strapped ports to quickly ramp up capacity.

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Konkan Railway Recruitment 2018: Apply for Engineering Posts before 11th June 2018

Konkan Railway Recruitment 2018: Apply for Engineering Posts before 11th June 2018

Konkan Railway Corporation Limited (KRCL) is inviting applications for the posts of Deputy Chief Electrical Engineer and Assistant Electrical Engineer on Re- Employment basis. The application form can be downloaded from the official website of KRCL - konkanrailway.com.

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Bhushan Steel Gets New Management After Tata Steel Takeover

Bhushan Steel Gets New Management After Tata Steel Takeover

A new management team has been put into place at Bhushan Steel Ltd. after it was acquired by Tata Steel Ltd. through India’s new insolvency and bankruptcy process.

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Indian Railways spending Rs 9,000 cr on 43 northeast projects: Minister

Indian Railways spending Rs 9,000 cr on 43 northeast projects: Minister

The Railways is executing 43 projects at a cost of Rs 9,000 crore to extend rail connectivity in the border areas of northeast India and with other parts of the country, Minister of State for Railways Rajen Gohain said here on Tuesday.

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YESTERDAY'S HEADLINES

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