Petroleum Minister Dharmendra Pradhan is under intense political pressure, writes A K Bhattacharya, adding that Pradhan “is being asked to reduce retail prices of petrol and diesel, which have now risen to levels that prevailed a little more than three years ago, when the monthly average price of the Indian basket of crude oil was […]
Day: September 19, 2017
Piyush Goyal promises smooth coal supply to power plants by early October
Coal Minister Piyush Goyal today said his ministry is taking urgent steps to ensure coal supplies to power stations stabilise by month end or early October. He was speaking at the annual convention of Indo-American Chamber of Commerce (IACC) in Mumbai. Goyal’s assurance came after IACC President N Srinivasan flagged the issue of the depleting […]
Second Kudankulam 1,000 MW nuclear plant to restart on October 7
The second 1,000 MW nuclear power unit at Kudankulam is expected to restart power generation on October 7, the Power System Operation Corporation Ltd (Posoco) saod. The mega nuclear power plant was shut down on August 4, due to hydrogen concentration in the stator. The unit was earlier expected to restart generation on September 4. […]
Bharat Road Network closes below IPO price on institutional selling
Bharat Road Network (BNRL) ended 7% lower at Rs 195, closing below its initial public offer (IPO) price of Rs 205 per share on Tuesday after heavy selling by institutional investors on the first day of its listing. The stock hit an intra-day low of Rs 187 on the National Stock Exchange (NSE. A combined […]