GUVNL and other procurers uncertain on Mundra offer
Two weeks after Tata Power made the offer to sell 51% stake in its loss making Mundra Ultra Mega Power Project to Gujarat Urja Vikas Nigam for Rs 1, the state discom is uncertain of its position to conclude the deal.
Piyush Goyal: India to lose Rs 25 lakh cr over 25 years on imported coal
Power minister Piyush Goyal on Monday said the country is set to lose Rs 25 lakh crore over the next 25 years as imported coal mandated for power plants could have been easily substituted with domestic coal.
ONGC aims to start production from Gulf of Kutch basin by 2020
The total in-place oil and gas reserve in the Kutch basin is around 110 million metric tonne out of which the company expects to recover 29.87 million metric tonne.
To salvage debt hit Mundra project, Tata Power offers 51% stake for nominal Re 1 to Gujarat PSU GUVNL
To salvage its debt-laden Mundra power project, pushed to a corner after the Supreme Court in April ruled out compensatory tariff of 40 paise per unit, Tata Power has offered a 51% stake in the project for a nominal Rs1 to Gu
Tata Power COO, ED Ashok Sethi: Makes sense to give poor same tariff irrespective of where they stay
Tata Power feels its strategy to bring renewable portfolio to 40% of total capacity will keep the company in good stead in the changing landscape of power sector.
Gulf Petrochem’s GP Petroleum to acquire lubricant plants in South India, says GST set to have positive impact on personal mobility
GP Petroleums, part of $3 billion UAE-based conglomerate Gulf Petrochem, is looking at inorganic growth opportunities in the short term as the company plans to increase its automotive lubricant volumes to 30% from the current
Narendra Modi government makes big e-vehicle push, to start test trials by December
To promote electric vehicles, the government plans to start test trials and set up accompanying infrastructure across the states of Maharashtra, Madhya Pradesh, Delhi and Himachal Pradesh, by December, industry officials fami
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.
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.
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.
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
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.
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
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.
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.
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
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
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.
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 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.
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.
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.
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