NEW DELHI: Retail fuel prices remained unchanged for the second consecutive day on Sunday, with petrol selling at Rs 86.95 per litre in the national capital. In Mumbai, Kolkata and Chennai, petrol was sold at Rs 93.49, Rs 89.39 and Rs 88.30 per litre respectively. Diesel prices also remained unchanged on Sunday. Prices of the […]
Day: February 8, 2021
China’s Hydropower Strategy: Threats, challenges and responses
NEW DELHI: The recent project of China to construct a dam in a region located in the Tibet Autonomous Region known as Medog County, as a part of generating renewable energy initiatives, has drawn heightened tensions to the states on India’s border. This has been another addition to the construction of dams along the mainstream […]
Around 200MW power supply to national grid cut from major plants due to Avalanche
NEW DELHI: Around 200 MW of power supply to the national grid was affected due to avalanche in Uttarakhand as local administration shut down two plants, Tehri and Koteshwar, as a precautionary measure. The hydro power plants in the affected area are mostly under-construction or fall in small hydro project category which are of up […]
Buy Gujarat Gas, target price Rs 490: Motilal Oswal
Motilal Oswal has buy call on Gujarat Gas with a target price of Rs 490. The current market price of Gujarat Gas Ltd. is Rs 427.85. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 29383.93 Crore) operating in Gas & Petroleum sector. Financials For […]
Pact signed to establish India’s first geothermal field development project in Leh
LEH: A historic tripartite agreement for establishing India’s first-ever geothermal field development project here has been signed, with Ladakh Lieutenant Governor R K Mathur terming it a step towards achieving the goal of carbon-neutral Ladakh. The pact was signed between Union Territory Administration Ladakh, Ladakh Autonomous Hill Development Council (LAHDC)-Leh and Oil and Natural Gas […]
Asian shares near all-time peak, oil heads to $60/barrel on economic revival hopes
SYDNEY: Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI’s broadest index of Asia-Pacific shares outside Japan was last […]
Dholera solar bid cancellation: Energy firms send SOS to PMO on Gujarat’s U-turn
Mumbai: Developers have approached the Prime Minister’s Office (PMO) to protest against Gujarat’s recent decision to cancel 700 MW of solar power tenders after giving letters of award (LoA) to ReNew Power, Tata Power and O2 Power, among others. State power procurement agency Gujarat Urja Vikas Nigam (GUVNL) cancelled the awards citing lower tariffs in […]
GAIL (India) Ltd. shares up 3.59% as Nifty gains
Shares of GAIL (India) Ltd. rose 3.59 per cent to Rs 132.75 in Monday’s trade. It hit an intraday high of Rs 134.35 and low of Rs 129.1, respectively, during the day. The stock quoted a 52-week high price of Rs 146.2 and low of Rs 65.7. As of 10:10AM (IST), the counter saw total […]
BHEL plummets 8% on Q3 loss; analysts see up to 43% downside
NEW DELHI: Shares of BHEL plunged over 8 per cent in Monday’s trade after the state-run engineering firm reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues. The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a […]
NTPC tanks 4% as Chamoli avalanche damages hydropower project
NEW DELHI: Shares of NTPC fell nearly 4 per cent in Monday’s trade after a part of the company’s under-construction hydropower project got damaged by the avalanche in Uttarakhand’s Chamoli district. The company has said that it is monitoring the situation continuously along with the district administration and police. Following the development, the stock fell […]
Govt trying to cut fuel prices, but onus also on state govts: Smriti Irani
Union Minister Smriti Irani on Sunday said the Centre is trying its best to reduce fuel prices and the Rajasthan government should also do its part. “While the Centre is trying its best to reduce the fuel prices, the Ashok Gehlot government in the state has enough allocation to reduce fuel prices. Now, it is […]
Govt eyeing 1,000 routes under UDAN from 100 underserved airports: Puri
Union Civil Aviation Minister Hardeep Singh Puri on Sunday said his ministry has set a target of operationalising 100 unserved and underserved airports and starting at least 1,000 air routes under the UDAN scheme. He also said that privatisation is required in the field of aviation as it is not the government’s specialisation to run […]