The railway ministry will cancel bids called for procuring 9,500 wagons and for setting up eight Rail Neer plants as it has found a lack of transparency in the tendering process.
Coal India’s board last week approved the winning bids of a bunch of power producers including Adani Power, GMR Energy and KSK Energy that quoted the highest discount in electricity tariffs to receive coal from the state-run miner.
Indian Railways will soon offer incentives to passengers who use cashless mediums to pay for their tickets. The national transporter already offers a 0.5% discount on purchase of monthly travel pass if the payment is made through debit and credit cards.
ET Intelligence Group: The likelihood of including natural gas under the Goods and Services Tax (GST) gamut augurs well for the gas producing and distributing companies since it will result in lower prices of the fuel thereby making it more competitive with respect to other fuels. Dharmendra Pradhan, Minister of Petroleum and Natural Gas (MoPNG), recently made a strong case for the inclusion of natural gas in the GST regime stating that it is a cleaner fuel than coal, which is already under GST.
Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.
Low per capita car ownership in India will be advantageous for the country for mass adoption of EVs (electric vehicles), a senior government official said on Thursday.
In an interview with ET, GE Renewable Energy CEO Jerome Pecresse said reciprocity was a fair idea. He also spoke about GE’s renewable energy business in India and said the worldwide trend of auctioning projects. Excerpts:
As the prospects for coal-generated electricity recede globally, India is one of the last bastions of the world’s oldest, dirtiest energy source
With the cheapest power from Bhakra Nangal and Beas projects all set to fall in the first quarter due to depleted level of water at reservoirs, the power utilities in Punjab and Haryana will have to spend extra buck to maintain adequate supply.
Prime Minister Narendra Modi called on central ministers and the Bharatiya Janata Party national executive to take a big leap forward in delivering on the promises of the government and party as the pace of achievements in the last three years needed to pick up although his administration had performed better than previous regimes