NEW DELHI : The All India Power Engineers Federation (AIPEF) has demanded that the draft Electricity (Amendment) Bill, 2021 must be put in the public domain before starting a discussion on the same. The AIPEF shot off a letter to the Prime Minister on Friday last week and pushed for placing the bill in public […]
Day: February 15, 2021
7-hour daily load-shedding begins in Meghalaya due to power purchase dues
Amid burgeoning dues to a state-run electric utility, the ailing power supplier company in Meghalaya is going for a seven-hour daily load-shedding across the state from Sunday, an official said. The outages are being carried out in three shifts on rotational basis, a senior Meghalaya Electric Corporation Ltd (MeECL) official told PTI. The MeECL owes […]
LPG price hike: Cooking gas rates up ₹50, here’s how much you’ll pay per cylinder
The price of Liquefied Petroleum Gas(LPG) domestic gas cylinder (14.2 kg) hiked by ₹50 per cylinder; to be at ₹769 per cylinder in Delhi from 12 am tomorrow, news agency ANI reported. This is the second price hike in the month of February. The oil marketing companies had increased the price of non-subsidised LPG cylinders […]
Petrol with additives cross ₹100 mark in Maharashtra’s Parbhani district
The rate of petrol with additives has crossed the ₹100 mark for a litre in Maharashtra’s Parbhani district on Sunday morning, an office bearer of a petrol dealers’ association said. After a 28 paise rise on Sunday morning, the per-litre rate of petrol with additives for retail sale crossed ₹100. Parbhani District Petrol Dealers’ Association […]
ReNew Power eyes US listing via SPAC at $4 bn valuation
MUMBAI : ReNew Power Pvt. Ltd is planning to list its shares in the US through the fast-emerging SPAC (special purpose acquisition company) route at a valuation of almost $4 billion, two people aware of the development said. The company, one of India’s largest renewable energy firms, is in talks to merge with RMG Acquisition […]
Brookfield, two others bid for Fortum’s assets
Canada’s Brookfield Asset Management Inc., private equity firm Actis Llp and Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd have offered to buy a majority stake in Finnish state-run power utility Fortum Oyj’s 500 megawatts (MW) solar projects in India in a deal estimated at about half a billion euros, said two people aware of […]
SK Innovation witnesses biggest decline in a year after US ban of EV batteries
SK Innovation Co. had the biggest decline in almost a year in Seoul trading after the International Trade Commission ruled its electric-vehicle batteries will be banned from the U.S. for 10 years, giving bigger rival LG Energy Solution Co. a win. Shares of SK Innovation, which supplies Ford Motor Co. and Volkswagen AG, dropped as […]
Oil rallies as Texas’ wintry weather seen curbing shale supplies
Oil hit a fresh 13-month high as cold weather in Texas may see supply curbed from America’s largest shale patch. U.S. West Texas Intermediate futures surged as much as 2.2% in early Asian trade, rising above $60 a barrel for the first time in more than a year. Brent crude in London rallied past $63. […]
OPEC+ cuts and covid has India eying spot crude to feed lighter diet
India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry consultant Facts […]
Petrol, diesel price hiked for the 7th day in a row. Check today’s prices
Fuel prices continue to surge across the nation for the 7th consecutive day with petrol prices increasing by 20 to 26 paisa and diesel by around 30 paisa. In Delhi, petrol is priced at ₹88.99/litre today, i.e. an increase of 26 paisa, and diesel at ₹79.35/litre, which increased by 29 paisa. Revised petrol prices in […]
Street awaits Coal India’s volume recovery after Q3 miss
Volume disappointment and profit concerns remain for Coal India even though the company continues to see regular improvement in performance post easing of lockdown. Sales volume though increased 9.1% year-on-year to 154 million tonnes (MT) in the December quarter, it came on a low base of last year. The company’s sales volumes for 10 months […]
Odisha: Congress workers observe 6-hr bandh against fuel price hike
Congress workers in Odisha today have called for a 6-hr statewide bandh protesting against the surge in fuel prices. They have also decided to stage ‘rail roko’ agitation at the different parts of the state. Fuel prices across the nation have hit an all-time high as they were hiked for the seventh consecutive day today. […]