India’s Coal Production Crosses 391 MT With An Growth of 1.6%During Apr-Nov 2016. After helping the exchequer save about Rs 20,000 crore in 2015-16, the coal ministry saved Rs 4,844 crore in the first four months of the current year.
Coal Ministry Goes Fully Digital, Several IT Initiatives Taken Round the Year to Enhance Transparency and Ease of Doing Business.
The DHBVN or Dakshin Haryana Bijli Vitran Nigam--- one of the two state power distribution companies of Haryana that joined the UDAY scheme on March 11, 2016 has not just been able to completely wipe out its losses for the first time but has also posted a profit of Rs 201.35 crore in the first half of the current financial year (2016-17) as against a loss of Rs 479 crore last financial year (2015-16).
In what comes as a big success for the Union minister for power, RE, coal and mines, Piyush Goyal (who spent days and months in convincing states to join the Centre’s flagship scheme —- UDAY or Ujwal DISCOM Assurance Yojana for the financial and operational turnaround of state power distribution companies), India has got its first state power distribution company that has been able to eliminate its losses after joining within 10 months of joining UDAY.
EnergyInfraPost.com brings to you the Highlights of the inaugural session of Petrotech 2016
This edition of PETROTECH is the largest ever in terms of participation of above 6,500 delegates including 20 Minister level representatives, Heads of International Oil Organizations, CEOs and Experts. I welcome the Ministers from Afghanistan, Bangladesh, Bhutan, Brazil, Cyprus, Chad, Colombia, Cameroon, Qatar, Iraq, Mauritius, Nepal, Nigeria, Sri Lanka, Sudan, South Sudan, Uganda along with the Secretary General of OPEC, Secretary General of International Energy Forum and President of the International Gas Union.
PM Modi said his government’s constant efforts have improved India’s ranking in Ease of Doing Business and that India has always been an inspiration for others in terms of intellectual capability and enterprise.
With India committed to replace ‘Red Tape’ with ‘Red Carpet’, Prime Minister Narendra Modi on Monday called upon global hydrocarbon companies to come and Make in India.
As India marches ahead towards becoming a gas based economy, the role of GAIL (India) Ltd— India’s largest gas transportation company assumes a lot of significance. Out of India’s 15000 kms pipelines network, GAIL owns natural
India holds a strong potential to emerge as a petroleum hub for manufacturing and services. ONGC CMD D K Sarraf is quiet optimistic that leading services players like Schlumberger, Halliburton, Baker Hughes and the likes may soon look at setting up manufacturing bases in India to cater to both the domestic and export markets. Sarraf also dwelled upon the company’s plans and strategies going forward and on promoting local content in the oil and gas sector.
Despite the fall in energy prices, ONGC has been maintaining a capex of around Rs 30,000 crore a year for the past several years. Some of the results will show this year itself and there is expected to be a significant jump in production during 2017-18. Gas production will show an increase even this year after ONGC connects the completed offshore wells to the lines.
According to a report on Energy and Air Pollution by International Energy Agency (IEA) published on 31st October, 2016 air pollution in Delhi reached a level of 30 times the World Health Organization’s recommended levels post Diwali, heightening serious respiratory problems for its inhabitants.
Delhi Government Needs to Answer: Why Is The Green Fuel Based Pragati Power at Bawana (Set Up Specifically For Delhi During Commonwealth Games) Sitting Idle?
"A large part of our Rs 1,80,000 crore investment has already factored this brownfield expansion investment plans. But going further forward, there is also scope for green field refineries to be set up in India as well. We are playing the lead role in setting up a very large refinery in the west coast of India and likely in Maharashtra. We are looking at a 60 million tonnes per annum or the largest refinery in the world."
“At Indian Oil, we have committed investments worth Rs 1,80,000 crores in the next 5-6 years. This in itself is going to drive a lot of growth in the whole economy. This will also create opportunities for many other companies who will be involved in building this infrastructure thereby offering direct and indirect investment and job opportunities within and to companies across the globe. From that perspective, a number of public and private sector industries are going to be involved in the growth story of Indian Oil. Here the Make in India concept has got a lot of linkage.”
The Transaction is the single largest tranche of foreign direct investment in India, and re-establishes the image of India as an attractive destination for foreign investments. Earlier in 2007, Essar Group, together with Hutchison Whampoa, brought Vodafone into India through an $11.1-billion transaction. With the current Transaction, this is the second instance that Essar has brought in world leaders in the sector to participate in the India growth story.
In the single largest tranche of foreign direct investment in India, a $12.9 billion deal (Rs 86,100 crore) was inked on October 12 for sale of 98% in Essar Oil to Rosneft and investment consortium led by Trafigura. The transaction, that was announced in the presence Prime Minister, Narendra Modi and Vladimir Putin, President of the Russian Federation, at the BRICS Summit in Goa (India), includes Rs 72,800 crore ($10.9 bn) for Essar Oil’s refining and retail assets and Rs 13,300 crore ($2 bn) for Vadinar port and related infrastructure.