With a climate change activist demanding a stay on power projects in the Himalayan region that do not have safety mechanisms in place and pose a danger to communities in the vicinity, the Uttarakhand high court has issued notices to the Centre and the state to respond to the PIL, filed in the aftermath of […]
Day: June 9, 2021
Soon, congestion-free connectivity to Mussoorie town! Consultancy appointed for Mussoorie Tunnel construction
Mussoorie Tunnel: Soon, smooth and congestion-free connectivity to Mussoorie! On Tuesday, the Union Ministry of Road Transport and Highways approved the preparation of a detailed project report (DPR) for the development of a 2.74 kilometre long two-lane tunnel in Mussoorie, Uttarakhand. According to the Union Minister for Road Transport and Highways, Nitin Gadkari, for easier […]
Power Grid Corporation acquires Sikar-II Aligarh Transmission
State-owned Power Grid Corporation of India Ltd (PGCIL) has acquired transmission project SATL, which will evacuate electricity from 8.1GW solar energy zones in Rajasthan. Sikar-II Aligarh Transmission Ltd (SATL) was incorporated on May 17, 2020 and is yet to start commercial operation. “PGCIL, pursuant to its selection as the successful bidder under Tariff based competitive […]
Petronet shelves $2.5 bn Tellurian deal, looks for supplies from Qatar
An initial non-binding agreement for Petronet LNG Ltd to invest USD 2.5 billion in US energy upstart Tellurian’s LNG project in Louisiana in return for gas supplies for 40 years has lapsed, the CEO of the Indian firm said on Wednesday. The deal, which was signed during Prime Minister Narendra Modi’s visit to Houston in […]
Petrol price reaches Rs 101.76 in Mumbai after fresh hike on Wednesday
Fuel prices rose to record highs on Wednesday after Oil Marketing Companies hiked them on Wednesday after a day’s pause. Petrol costs Rs 101.76 per litre in Mumbai while diesel is selling at Rs 93.85 per litre. Petrol is retailing at Rs 95.56 in Delhi, up by 25 paise while diesel is selling at Rs […]
NCLT clears Vedanta co’s Rs 3,000 crore offer for Videocon Group
The National Company Law Tribunal (NCLT) has approved billionaire Anil Agarwal’s Rs 3,000-crore offer for the debt-ridden Videocon Group. The offer by Twin Star Technologies, a company owned by Agarwal, is against the more than Rs 46,000-crore debt of the Videocon Group. The transaction, when completed, will be Agarwal’s third asset purchase under the Indian […]
Indian oil refiners shut for work before likely demand pickup
Indian oil refiners are taking advantage of weak demand due to the virus resurgence to carry out maintenance in anticipation of a revival in fuel consumption in the coming months. Bharat Petroleum has lined up work at its plants across India, while Hindustan Petroleum Corp. is completing pending repairs and an expansion of its Mumbai […]
Green Energy firms plan to move Supreme Court to seek revision of endangered bird order
Renewable energy companies are set to seek a revision of the Supreme Court order from April earlier this year for the undergrounding of power lines in Gujarat and Rajasthan to protect the habitat of the critically endangered Great Indian Bustard, said people aware of the matter. Power developers such as Adani Green, Tata Power Renewables, […]
Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19
Coal India Ltd., one of the nation’s biggest employers, has asked Prime Minister Narendra Modi’s government to help accelerate the vaccination of its work force after the deaths of almost 400 staff from Covid-19. The world’s top coal miner, which employs about 259,000 people, said it has written to government officials requesting about 1 million […]
CESL and Ladakh sign MoU to set up clean energy and energy efficiency projects
Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) announced it has signed a Memorandum of Understanding (MoU) with the administration of Union Territory (UT) of Ladakh, to make it a clean and green UT. Under the MoU, various clean energy and energy efficiency programmes will be implemented, the […]
CCI clears Tata Power’s acquisition of stakes in 3 Odisha power utilities
Tata Power Company’s proposed purchase of 51 per cent stake each in three power utilities in Odisha has been cleared by fair trade regulator CCI. The company is to buy the stakes in Western Electricity Supply Company of Odisha (WESCO), Southern Electricity Supply Company of Odisha Ltd (SOUTHCO) and Central Electricity Supply Company of Odisha […]
Adani Enterprises incorporates manufacturing firm for wind turbine generators
Adani Enterprises Ltd (AEL) on Tuesday said it has incorporated a wholly-owned subsidiary company for manufacturing wind turbine generators. In a filing to BSE, the company said it has incorporated a wholly-owned subsidiary namely Mundra Windtech Limited (MWL) on June 7, 2021. The subsidiary company is yet to commence its business operations. On the objects […]