Some 188 persons have been rescued and search is on for the remaining 73 onboard accommodation barge Papaa 305, contracted by state-run Oil and Natural Gas Corporation, that sunk off the Mumbai coast in the intervening hours of Monday and Tuesday. All 137 personnel on board another barge, GAL Constructor, were rescued on Tuesday after […]
Day: May 19, 2021
Adani Green spurts on acquiring SB Energy’s 5 GW India renewable power portfolio
Adani Green Energy (AGEL) rose 3.17% to Rs 1,236.90 after the company signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SoftBank Group (SBG) (80% stake) and Bharti Group (20% stake). SB Energy India has a total renewable portfolio of 4,954 MW (mega-watt) spread across four states in India. […]
Chandigarh seeks police protection for installation of smart power meters in villages
The UT administration has written to the police department for providing security to the electricity department staff while installing smart electricity meters in Raipur Khurd and Makhan Majra villages. Recently, some residents of these villages had opposed installation of smart meters. Apprehending threat to the lives of their staff, the electricity department through the administration […]
GE T&D resumes operations at Tamil Nadu units
GE T&D India on Wednesday said it has resumed operations at manufacturing facilities in Padappai, Pallavaram and Hosur in Tamil Nadu. The company had temporarily closed its operations at these locations from May 10, 2021. To contain the spread of coronavirus, Tamil Nadu government on May 8 decided to impose a two-week complete lockdown from […]
India grapples with LNG oversupply after deadly virus dashes demand
India’s liquefied natural gas importers are asking suppliers to defer deliveries as measures to curb the spread of the deadly Covid-19 virus have cut demand for the fuel. At least three companies, including Indian Oil Corp., have asked to delay shipments slated for May and June delivery, according to traders with knowledge of the matter, […]
Oil prices fall on rising Covid-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth. Brent crude futures fell 73 cents, or 1.1%, to $67.98 a barrel at 0452 GMT. […]
Siemens Energy says it has no plans for full Siemens Gamesa takeover
Siemens Energy said on Tuesday it has no current plans to buy the one third of wind turbine maker Siemens Gamesa it does not already own, denying a Spanish newspaper report it had engaged banks to help it make such a move. Spain’s stock market regulator suspended trading in Siemens Gamesa’s shares after Expansion newspaper […]
Tremendous response to second tranche of commercial coal mines auction: Govt
The Central government on Tuesday said the second tranche of commercial coal mines’ auction has received tremendous response which is reflected in around 50 mine specific tender documents being purchased by bidders till date. Many other prospective bidders are in the process of registration and purchase of tender documents from the auction portal, the Coal […]
Oil hits $70 as Europe, US reopen economies
Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and US economies offset concern over spreading coronavirus cases in Asia. The British economy reopened on Monday, and Europe is starting to reopen cities and beaches. — Reuters
Petrol crosses Rs 99 in Mumbai after rates hiked again
Petrol price on Tuesday crossed Rs 99 a litre mark in Mumbai after oil companies raised petrol and diesel rates on surge in international oil prices. Petrol price was increased by 27 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers. The hike – the tenth this […]
Reconstruction of road from Phase 11 to Balongi begins
Residents of Phase 11 and its surrounding area in Mohali will soon get reprieve from travelling extra to reach their home as the Mohali Municipal Corporation has started work on reconstructing a road from Phase 11 to Balongi. While inaugurating the Rs10-crore project today, Health and Family Welfare Minister Balbir Singh Sidhu said the estimated […]
Power board staff to wear black badges
Himachal State Electricity Board Ltd. (HPSEBL) employees have decided to wear black badges on May 20 in protest against the state government for not declaring them Corona warriors and also not giving them preference in vaccination. Kuldeep Kharwara, state president of the HPSEBL Employees Association, in a statement issued here today, said that the Punjab […]