Daily Archives: January 4, 2019

No shortage of coal in country; CIL output grew by 104MT in 4

The country faces no shortage of coal and its imports have declined to 208 million tonnes (MT) from 217 MT in 2014, Coal Minister Piyush Goyal said Friday. Replying to a query in the Question Hour, the Minister said coal production has witnessed an increase of 7.4 per cent in April-December (nine months) period of

Ecuador president demands probe into predecessor’s oil projects

Ecuador’s President Lenin Moreno on Thursday asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor. Moreno said there were massive cost overruns, operational failings and non-transparent bidding processes at the five projects built during Rafael Correa’s

Global oil, gas industry heads into 2019 on steady footing: Moody’s

A newly released report by Moody’s on global oil and gas has outlined credit analysts’ themes for the industry heading into 2019, even as it faces risks from oversupply. As per Moody’s, the market expectations for continued strong oil demand growth have remained in place, despite concerns about weaker global economic growth, tariffs, and a

Oakridge raises India’s first residential solar rooftop LC from impact lender Maanaveeya

Oakridge Energy, one of North India’s leading residential rooftop solar companies, has raised a first line of credit from the Indian arm of Dutch social impact investor Oikocredit for financing a pilot of residential solar rooftop installations Oakridge intends to install. Oikocredit is among the world’s leading social impact investors with total assets of about

Power Grid Corp rises after board OKs investment proposals

Power Grid Corporation of India rose 0.96% to Rs 195.15 at 11:01 IST on BSE after the company said its board approved investment proposals worth Rs 379.45 crore. The announcement was made after market hours yesterday, 3 January 2019. Meanwhile, the S&P BSE Sensex was down 3.88 points, or 0.01% to 35,509.83. On the BSE,