Daily Archives: April 11, 2018

PM Modi pitches for reasonable, responsible pricing of affordable energy

Prime Minster Narendra Modi today called for reasonable and responsible pricing to provide easy access of affordable energy to all. In the presence of oil cartel OPEC kingpin Saudi Arabian Oil Minister, Khalid A. Al-Falih, Modi said efforts at artificially distorting prices were self-destructing. It is in the interest of oil producers that consuming markets

Cabinet simplifies CBM exploration from CIL blocks

The Union cabinet on Wednesday approved simplifying exploration of coal bed methane from coal blocks allotted to Coal India Ltd. The Cabinet Committee on Economic Affairs granted relaxation to Coal India and its subsidiaries from applying for grant of license under the PNG Rules, 1959 for extraction of Coal Bed Methane (CBM) under their coal

Bajaj Electricals wins Rs 2,389-cr order from Purvanchal VidyutVitran Nigam

Bajaj Electricals today said it has bagged orders aggregating to Rs 2,389.03 crore from Purvanchal Vidyut Vitran Nigam Ltd (PuWNL) for rural electrification projects in Uttar Pradesh. “The EPC business unit of the company has bagged orders for six rural electrification projects aggregating to Rs 2,389.03 crore from PuWNL under the Saubhagya Yojna of Government

Shell reduces stake in Mahangar Gas to 24% from 32.5%; stock drops 3%

BG Asia Pacific Holdings (BGAPH), a wholly owned subsidiary of Shell, reduced its shareholding in Mahanagar Gas from 32.5% to 24%, the oil company said in its statement on Wednesday. “This is part of Shell’s ongoing portfolio optimisation to transform Shell into a simpler company, delivering stronger returns,” Shell said in its media statement. In

Visibility over resolution of the stressed thermal capacity remains weak: ICRA

The possibility of resolution of issues of 60 giga watt of stressed thermal power capacity is expected to remain weak due to concerns including absence of fresh-long term power purchase agreements, unviable tariffs amidst rising fuel costs, escalation in capital costs and uncertainty on domestic gas availability feels ICRA. Sabyasachi Majumdar, group head & senior