State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents. ONGC, India’s top oil and gas producer, last month sought bids for sale of […]
Day: May 13, 2021
NHPC gets nod to acquire 2 per cent equity stake of PTC India in Chenab Valley Power Projects
State-run hydro power giant NHPC on Wednesday said that it has got approval of the concerned authority to acquire the entire 2 per cent equity stake of PTC India in Chenab Valley Power Projects Private Ltd. After the acquisition of the stake, the NHPC’s share will increase to 51 per cent to become a majority […]
IndiGo announces initiatives to support employees amid COVID pandemic
No-frills carrier IndiGo on Thursday said it is setting up a 13-bedded dedicated COVID care centre in collaboration with Columbia Asia Hospital in Gurugram, for those coronavirus positive employees who may need access to an oxygen bed with related medical facilities. The facility, which is part of slew of measures being taken by IndiGo to […]
India likely to get third power exchange owned by PTC, BSE by year end
Power regulator Central Electricity Regulatory Commission (CERC) has approved registration to PTC, BSE and ICICI Bank-led Pranurja Solution Ltd to start the country’s third power exchange. Senior officials in the company said the exchange is likely to be operationalised by this year-end. The other two power exchanges are Indian Energy Exchange and Power Exchange of […]
Global oil price drops as India coronavirus crisis tempers rally
Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world’s third-biggest importer of crude, tempered a rally driven by IEA and OPEC predictions that demand is coming back strong. Brent crude was down 32 cents, or 0.5%, at $69.00 a barrel by 0145 GMT, […]
Coal India carbon emissions less than 1pc of India’s in FY20
State-owned Coal India Ltd on Wednesday said that the PSU accounted for only 0.65 per cent of the country’s total carbon dioxide (CO2) emissions of 2,616 million tonnes (MT) during FY2019-20. Coal India (CIL) said that this is according to the data sourced from Global Carbon Project: Carbon Di-Oxide Information Analysis Centre, of the US. […]
Cabinet approves production-linked incentives for battery storage
The Union Cabinet has approved the production-linked incentives for advanced chemistry cell or battery storage, Union Minister Prakash Javadekar informed on Wednesday. “To make the country Aatmanirbhar, the cabinet has approved a production-linked incentive for advanced chemistry cell or battery storage in the cabinet meeting which took place today,” Javadekar told reporters here. “Currently, we […]
Boeing wins approval for 737 Max electrical fix, notifies airlines: Report
Boeing Co on Wednesday won approval from U.S. regulators for a fix of an electrical grounding issue that had halted flights for about 100 737 MAX airplanes, clearing the way for their quick return to service after flights were halted in early April, sources told Reuters. The largest U.S. planemaker confirmed to Reuters the Federal […]
Adani coal contractor asks Australian government for insurance help
A rail contractor to Adani Enterprises Ltd’s giant Australian coal project has asked the government for help to obtain insurance that it has not been able to secure from markets, a submission to a parliamentary inquiry showed. BMD Constructions Pty Ltd is building a section of a 210 km (130 mile) rail line that will […]
CCL inks MoU with local admin to fight against Covid
Central Coalfields Ltd (CCL) has stepped up its fight against ongoing Covid-19 Pandemic, besides ensuring increased quantity of coal to power plants in various parts of the country including Delhi. Under the leadership of CMD CCL P M Prasad and guidance of Directors, CD & CSR Department of CCL has signed MoUs with local administration […]
Corona fight: MCL releases Rs 32 cr in Q1
The Mahanadi Coalfields Limited (MCL) has taken a series of steps at an estimated cost of over Rs 32 crore in the first quarter of current financial year to strengthen the fight against Covid 9 surge,besides ensuring increased quantity of coal supply to power plants. The MCL had spent Rs 135 crore in different Covid19 […]
NTPC Coal Mining Projects honours Nurses
May 12, 2021 is celebrated every year as the birth anniversary of Florence Nightigale’s birthday as International Nursing Day.Florence Nightigale is considered to be the world’s first nurse. The day is a tribute to commemorate and show respect to the indomitable courage and commendable work of the nurses and their contribution during the tough times […]