Vikas Srivastava

ONGC to start drilling at Cluster 2 of Krishna Godavari block in November

ONGC plans to start the development work at cluster 2 of its Krishna Godavari KG-DWN 98/2 block by November.

ONGC, ONGC news, ONGC latest news, ONGC plans, Oil and Natural Gas Corporation, ongc cluster 2, krishna godavari block News

REC receives Rs 42,000 cr as repayments from discoms under UDAY

Rural Electrification Corporation (REC) has received Rs 42,700 crore as repayment from state distribution companies under Ujjawal Discom Assurance Yojana (UDAY) after discoms raised Rs 2.3 lakh crore through bonds.

Rural Electrification Corporation, Ujjawal Discom Assurance Yojana, UDAY, discoms, UDAY scheme, PV Ramesh, dollar denominated bonds, Masala bonds, 54 EC bonds News

JSW Steel’s Rs 26,899 cr expansion plan to hit repayments: Analysts

Analysts believe JSW Steel has the financials to take growth investments as they are also supported by favourable supply dynamics and a track record of timely execution.

Industry News

India’s Sterlite Power does a first in Brazil, secures 2 projects; total investment seen at $200 mn

In what could be billed as a first major foray by any Indian power company in Brazil, Sterlite Power has secured two power transmission projects auctioned by Agência Nacional de Energia Elétrica, Brazil’s national power r

Industry News

Green Energy Corridors hit power producers hurdle; of 6 sub-stations planned, not even one has come up

Out of the total six substations that were planned in phase-1 by PowerGrid, not even a single substation has come up as of now.

Economy News

Centre’s extension of tax benefits to mega power projects unlikely to effect revival; here’s why

The government's decision to extend the tax benefits for 25 mega power projects by five years is unlikely to help them take off before 2022 unless major concerns of getting fuel linkages and power purchase agreements remain u

Economy News

Tata Motors plans test trials for electric vehicles across India

Tata Motors believes that electric buses are imminently suitable for city transportation although it is still not sure if the users would be ready to pay higher prices for tickets.

Tata Motors, electric vehicle policy, Ravindra Pisharody, city transportation, CNG vehicles, CNG hybrid, MMRDA News

Indian refiners set to slip as Chinese petro product exports soar

The increase in exports of Chinese petroleum products by 53% in January-March is likely to topple the profitability cart of Indian private refiners if the trend continues over the next couple of quarters.

Chinese petroleum, Indian private refiners, global markets, China National Petroleum Corporation, Essar News

After Centre turns off subsidy tap on March 31, most gas power plants to turn idle

A majority of 28,000 MW gas-based power plants are likely to turn idle, especially on the eastern cost of the country, after the Union government decided to terminate the subsidies provided under the gas price pooling mechani

Industry News

Progress made on UDAY has lustre

While states have done well on bond issuances and a few other parameters, a lot more is needed for the scheme to meet its goals

Economy News

Essar Oil’s monthly throughput at 50 per cent of OMCs’ average in FY17

Despite a strong performance by Essar Oil’s retail division in 2016-17, the company’s average throughput from retail outlets stood at just 50% compared to that of public sector OMCs such as Indian Oil, BPCL and HPCL.

Commodities News

How Narendra Modi government got it right on wind power; prices set to tumble

Solar power tariffs came down to roughly a third in the last five years thanks to price discovery through the competitive bidding route.

India News

India marks dramatic change, renewable energy capacity addition beats conventional in FY17

In a dramatic change, India added 15.3 giga watt (GW) in the burgeoning renewable energy segment in FY17, while the country’s conventional power capacity rose just 6.2 GW in the first 11 months of the year.

India marks dramatic change, renewable energy capacity addition beats conventional in FY17

H-Energy to sell up to 49% stake in 2 projects

H-Energy, the oil and gas arm of Hiranandani Group, plans to sell a stake of anywhere between 26-49% in two projects — Jaigarh LNG import terminal and the West Coast LNG pipeline project.

H-Energy, Hiranandani Group, Jaigarh LNG import terminal, West Coast LNG pipeline project, MoU, Korea Gas Corporation, L&T Infrastructure Engineering, FSRU News

Infrastructure: As far as private power producers are concerned, no light at the end of the tunnel

With around 45,000 MW of power capacity running at sub-60% Plant Load Factor (PLF), servicing their staggering debt of `1.9 trn has become a challenge for India's thermal power producers.

power capacity running, Plant Load Factor, India's thermal power producers, discoms, Central Electricity Authority, PPAs, GMR Infrastructure, power, Energy News
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