Piyush Goyal is new Railways minister, replaces Suresh Prabhu

Piyush Goyal is new Railways minister, replaces Suresh Prabhu

NEW DELHI: Power minister Piyush Goyal, newly elevated to cabinet rank, was on Sunday given charge of the railway ministry.
Goyal replaces Suresh Prabhu who had offered to resign after a spate of train accidents in the last month.
Analysts said the BJP leadership felt Goyal has done a competent job in implementing reforms in the power and coal sectors.

Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

NTPC is the fourth-largest public sector undertaking (PSU) in terms of market capitalisation, after Oil and Natural Gas Corporation, State Bank of India, and Coal India. The market capitalisation of the company is nearly Rs 1.43 lakh crore.

Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

In a move that could fetch the government anywhere from Rs 7,000 Crore going upto Rs 14,000 crore, the government said it will sell a 5% stake in NTPC Ltd through a two day offer for sale (OFS) beginning Tuesday and with a greenshoe option to sell another 5% in case of over subscription.

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Given the company’s credit metrics -- it has 130 billion rupees ($2 billion) of cash on its books and a long-term rating that’s a notch above the government -- the issuance will be bought by investors drawn to one of the world’s fastest growth rates and Prime Minister Narendra Modi’s economic policies.

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.

Trend Of Fall In Coal Imports In India Continues Unabated In 2017-18 : Piyush Goyal

coal imports has been declining over the last three years. During 2014-15 India imported 217.78 million tonnes of coal which declined to 203.95 million tonnes in 2015-16 and further to 190.95 million tonnes in 2016-17.

Trend Of Fall In Coal Imports In India Continues Unabated In 2017-18 : Piyush Goyal

The trend of fall in import of coal continued unabated in 2017-18 and during April-June 2017-18, 52.74 million tonnes of coal was imported against 57.38 million tonnes in the corresponding previous period registering a 8.1% fall, Union Minister Piyush Goyal said citing figures of the Directorate General of Commercial Intelligence & Statistics.

Govt Initiates Steps To Ease Stress In Stalled Thermal Power Projects

As per DFS data, the total advances towards electricity generation sector reported by Scheduled Commercial Banks (SCBs) is about Rs. 4.71 lakh crore and most of them are standard assets.

Govt Initiates Steps To Ease Stress In Stalled Thermal Power Projects

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Mr Piyush Goyal informed the Upper House of the Parliament (Rajya Sabha) that Government has reviewed the status of 34 stressed Thermal Power Projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of about
Rs. 1.77 lakh crore.

Pace Of Village Electrification, 13,872 Out of 18,452 Villages Electrified Till 30th June 2017

As many as 3,285 inaccessible villages have been electrified in various States across the country under Decentralized Distributed Generation Scheme, minister Piyush Goyal said.

Pace Of Village Electrification, 13,872 Out of 18,452 Villages Electrified Till 30th June 2017

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to a question in Rajya Sabha on Monday informed that as per information provided by the States, 13,872 un-electrified census villages have been reported to be electrified up to 30th June, 2017, out of 18,452 un-electrified villages in the country as on 1st April, 2015.

Full Text Of President Pranab Mukherjee’s Farewell Speech

Full Text Of President Pranab Mukherjee’s Farewell Speech

Honourable Members, I would like to acknowledge my deep gratitude and appreciation to Honourable Speaker and the Honourable Chairman, Rajya Sabha and Honourable Members of Parliament for organizing this farewell ceremony on the eve of my demitting office as the 13th President of the Republic of India.

After Solar It’s Wind Energy Powering India’s Power Sector

PPAs signed for first Wind Auction totalling 1050 MW

After Solar It’s Wind Energy Powering India’s Power Sector

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal presided over the signing of Power Purchase Agreements (PPAs) for purchase of 1050 MW of wind power under Ministry of New and Renewable Energy (MNRE)’s first Wind Auction Scheme on Friday.

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