Addressing the Momentum Jharkhand Global Investors’ Summit in Ranchi, Union Road Transport, Highways and Shipping Minister Nitin Gadkari on Thursday
Manish Vaid Analyses if PSUs oil merger offer synergy in energy? Says that ‘few business marriages are made in heaven’ and compatibility of merging companies should always be the driving force of any mergers. It is only then one can imagine synergy in energy in any M&A propositions
CCEA approves award of contract to 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL
CCEA approves award of contract to 31 contract areas (44 fields) of
Discovered Small Fields of ONGC and OIL
NTPC to replace polluting units with new ones which are highly efficient.
State-owned NTPC Ltd has decided to close down roughly 11,000 MW of old thermal plants which are polluting and causing distress in the local areas also and not good for the country, union minister of state for power, RE, coal and mines, Piyush Goyal said on Monday.
Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017
In what can rival the likes of Russia’s Rosneft ($55 billion in market cap) and UK’s BP Plc ($112 billion) in market value and financial power, finance minister Arun Jaitley while presenting the Union Budget 2017 announced creation of an integrated public sector ‘oil major’ by integrating the oil sector PSUs across the value chain and to enhance capacity of Oil PSUs to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders.
Arun Jaitley’s Budget 2017-18 Endorses Piyush Goyal’s Focus On Renewable Energy and Rural Electrification
Maintaining its focus on India’s Renewable Energy plans, Finance Minister Arun Jaitley while presently Union Budget 2017-18 said the government would now take up the second phase of solar park development in the country to add 20,000 MW.
The Chemicals industry in India is an important contributor to the Indian economy sustaining a variety of downstream industries such as textiles and pharmaceuticals. The Indian chemicals industry with a market size of USD 145 billion is the seventh largest producer of chemicals worldwide and the third largest producer in Asia after China and Japan.
Concerned over poor investment by private sector in big-ticket infrastructure projects, the Niti Aayog has recommended to the government to hike private investment in sectors like roads, railways and shipping,
The volatility in oil prices can be witnessed from the fact that from levels of $26 a bbl in February, crude oil prices touched the highs of $55 in December, up 15% since OPEC decision on production cut.
After being insulated from an increase in the domestic fuel prices, the ongoing upsurge in global crude oil prices could spoil the party for Indian consumers of petrol and diesel. India imports 80% of its crude oil requirements and any upward movement in oil prices casts an impact on domestic prices of petrol and diesel.
Union Minister Piyush Goyal is holding charge of four important economic ministries including Power, RE, Coal and Mines. After de-monetisation move, Goyal has also been helping the government on this front but his performance in the four sectors has clearly given him an edge over many others in the Modi government. Goyal already knows his priorities for the year ahead.
At EnergyInfraPost.com, while we have done an in-depth analysis of all the four sectors including power, RE, coal and mines, we in this article give you a quick sneak peek into the priority areas set by the minister for his four ministries during 2017.