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MAR 21 2017

Larsen & Toubro arm wins Rs 1,656 cr contract from ONGC

  • PTI, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Engineering major Larsen & Toubro (L&T) today said its wholly-owned subsidiary L&T Hydrocarbon Engineering has won a Rs 1,656 crore contract from ONGC. “L&T ...

MAR 21 2017

Oil India to buy back shares worth Rs 1,527 crore

  • PTI, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Oil India Ltd, the nation’s second largest state explorer, today said it will buy back 4.49 crore shares for Rs 1,527 crore, joining the list of PSUs that are using their idle cash to help ...

MAR 21 2017

Oil companies mergers: Indian Oil Corporation chairman B Ashok says Worthwhile to look at the possibilities

  • Saurabh Kumar, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Supporting the government’s decision to create integrated domestic oil companies, Indian Oil Corporation (IOC) chairman B Ashok on Monday said the company would look at all possibilities of ...

MAR 21 2017

Coal controller to study energy content of coal at Coal India Ltd's mines

  • ET Bureau, ETEnergyWorld / Kolkata, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

The Coal Controller of India will conduct a fresh study of the energy content of coal extracted from Coal India’s (CIL) mines. Based on this study, gradations will be declared for ...

MAR 21 2017

In diversification bid, Coal India plans to produce petroleum oil in Jharkhand

  • ET Bureau, ETEnergyWorld / Kolkata, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Coal India is considering producing petroleum oil at its Chatra coal mine in Jharkhand. Petroleum oil from coal is part of the state-run coal behemoth’s diversification plan and it will soon ...

MAR 21 2017

Coal e-auction realisation dips

  • PTI, The Hindu Business Line / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

The average realisation from electronic auction of coal has registered a decline in the ongoing fiscal. “During the current financial year, average realisation from e-auction of coal has ...

MAR 21 2017

Solar power bids unsustainable: Bridge to India

  • Mayank Aggarwal, Live Mint / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Consulting firm Bridge to India has termed the recent low winning bids for solar power projects in India “unsustainable” and warned that “inadequate risk pricing poses a severe ...

MAR 21 2017

Coal-based power generation rises 6 per cent to 674 billion units in April-December

  • PTI, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

The coal-based power generation increased by six per cent to 674.4 billion units (BU) during the April-December period of the ongoing fiscal, Parliament was informed today. “During the ...

MAR 21 2017

No FDI in defence, ports, coal in April-December period: Government

  • PTI, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

As many as five sectors including defence, ports and coal have failed to attract any foreign direct investments during the April-December period of the current fiscal, Parliament was informed ...

MAR 21 2017

Uttar Pradesh power corporation asked to come up with new tariff plan

  • TNN, ETEnergyWorld / Lucknow, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

The UP electricity regulatory commission (UPERC) on Monday initiated the power tariff determination exercise for the new financial year. The electricity regulator asked the UP Power Corporation ...

MAR 21 2017

Punjab electricity utility proposes 20 per cent hike in power tariff

  • ETEnergyWorld, ETEnergyWorld / Patiala, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Electricity consumers in the state are likely to feel the pinch as the Punjab State Power Corporation Limited (PSPCL) has proposed a steep hike in tariff to shore up its revenues and improve its ...

MAR 21 2017

Electrification drive: REC averages 30,000 new connections per week

  • Sarita Singh, ETEnergyWorld / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

India is in electrification overdrive, with about 30,000 new electricity connections being granted every week. The Union power ministry is mapping the progress live on a website and is also ...

MAR 21 2017

Hartek Group appoints power industry veteran as additional Director

  • PTI, ETEnergyWorld / Chandigarh, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Hartek Group, an engineering, procurement and construction (EPC) firm, has announced the appointment of power industry veteran Jeet Chhatwal as a director on its board. A power sector ...

MAR 21 2017

18 foreign lenders of Jindal Steel and Power agree to $550 million debt restructuring

  • Deborshi Chaki, Live Mint / Mumbai, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Eighteen foreign banks, including Standard Chartered Plc., Barclays Plc. and Deutsche Bank AG, have agreed to restructure loans to the tune of $550 million given to Jindal Steel and Power Ltd ...

MAR 21 2017

BHELs Raichur Power project turns costlier by Rs. 3,760 crore

  • M Ramesh, The Hindu Business Line / Chennai, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

In its first step as a developer-owner of a thermal power station, public sector power plant equipment manufacturer BHEL has suffered a huge cost over-run. BHEL owns 27.34 per cent of ...

MAR 21 2017

Zynergy to set up solar module at Nellore

  • V Rishi Kumar, The Hindu Business Line / Hyderabad, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Zynergy Solar Products & Services has outlined its move to set up a 520 crore solar module and solar cell manufacturing unit in Nellore district of Andhra Pradesh. The Industries and ...

MAR 21 2017

India pushes for power projects on rivers flowing into Pakistan

  • Nayanima Basu, The Hindu Business Line / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

India on Monday pushed for building new hydropower plants even as it discussed exercising its rights under the Indus Water Treaty during the two-day Indus Water Commission meeting that began in ...

MAR 21 2017

Renewable energy companies in Tamil Nadu in a spot

  • M Ramesh, The Hindu Business Line / Chennai, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

Power projects set up in the State cannot begin to operate unless the CEIG gives the Safety Certificate. After V Jayavel superannuated from service on February 28, the post fell ...

MAR 21 2017

Damodar Valley Corporation records show Jharkhand still owes money for power supplied

  • Pratim Ranjan Bose, The Hindu Business Line / Kolkata, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

It’s a case of free lunches and mysterious payments. The BJP-ruled Jharkhand government claims to has paid all dues to generation utility Damodar Valley Corporation (DVC) post-financial ...

MAR 21 2017

Power Finance Corporation commits Rs 9K cr to power units in Tamil Nadu

  • PTI, The Financial Express / New Delhi, 21st March 2017 Published on : 21st March 2017
  • Created:Tue 21st MAR 2017

State-owned Power Finance Corp today said it has sanctioned Rs 9,128 crore in financial assistance to power units in Tamil Nadu. PFC said in a statement that it has sanctioned “a term Loan ...