(PTI) Eyeing opportunities in the wake of disruption expected from electric vehicles, oil major Bharat Petroleum Corporation Limited on Monday launched ‘e-drive initiative’ an electric three-wheeler mobility model. Partnering with electric vehicle-maker Kinetic Green Energy and Power Solutions and IIT Madras for technology support, the public sector oil marketing giant brought on stream a supply of swappable lithium-ion batteries at its retail outlets in Kochi and Lucknow in the first phase for electric three-wheelers. According to the business model touted as unique, fleets of three-wheelers, also known as ‘e-rickshaws,’ are deployed in the two cities by Kinetic Green which also…
Author: Aruna Sharma
(ET) BTL EPC Ltd, a division of the Rs 1000 crore Shrachi Group and a diversified manufacturing & engineering contracting company, announced that it has bagged a Rs 365 crore order from BHEL. The order involves setting up a coal, limestone and gypsum handling plant at Nalgonda district in the state of Telangana for TSGENCO’s (Telangana State Power Generation Corporation Ltd) proposed 5X800 MW Yadradri Thermal Power Station Thermal Power Station. This is the largest order bagged by the company so far and consists of conveyor system expanding a total length of 21.77 kilometres . In 2018, it had bagged…
(FE) Bringing natural gas under the ambit of goods and services tax (GST) will not only make transport of the fuel across the country more efficient but also facilitate setting up of the much discussed domestic gas trading hub, said industry players and analysts.Finance minister Nirmala Sitharaman on Saturday announced plans for expansion of the National Gas Grid to 27,000 km from the present 16,200 km and said that to deepen gas markets in India, more pricing reforms will be undertaken. “For free movement of natural gas, be it a gas grid or trading hub, GST is essential. Pipelines reaching…
(LiveMint) Government has set a target of next three years to completely electrify the tracks of Indian Railways. This was announced by the Union Ministry of Finance on Sunday after Finance Minister Nirmala Sitharaman presented her second budget on 1 February. The Ministry of Finance in a series of tweets has stated that Indian Railways will aim to achieve the full electrification of its tracks in the next three years. “37,500 km (58 per cent) of Railway tracks already electrified. Balance 27,000 km to be electrified by Railways by 2023. Will reduce pollution, enhance the efficiency of Railways,” it tweeted.
(Hindustan) विपक्षी दलों ने सीएए, एनपीआर और एनआरसी को लेकर सोमवार को संसद के बजट सत्र के दौरान सरकार को घेरने के लिए तैयार हैं। कांग्रेस, तृणमूल कांग्रेस, वाम दलों, राष्ट्रीय जनता दल और कुछ अन्य दल पहले ही संशोधित नागरिकता कानून (सीएए), राष्ट्रीय जनसंख्या रजिस्टर (एनपीआर) और राष्ट्रीय नागरिक पंजी (एनआरसी) पर तत्काल चर्चा की मांग लेकर राज्यसभा में स्थगन प्रस्ताव दे चुके हैं। कांग्रेस और कुछ अन्य विपक्षी दल लोकसभा में भी स्थगन प्रस्ताव दिया है। उन्होंने कहा कि विपक्षी दल दोनों सदनों में सीएए, एनपीआर और एनआरसी पर चर्चा की मांग कर रहे हैं। सीएपीएम और सीपीआई…
(ET) Solar pumps have emerged as a key tool for the government to achieve its ambition of doubling farmers’ income by 2022. Rajasthan is one of the few states to have taken a lead in popularizing solar pumps at a mass scale in rural areas and the Budget announcement is likely to add further impetus. In the Budget speech, the finance minister said the PM-Kusum scheme removed farmers’ dependence on diesel and kerosene and linked pump sets to solar energy. “Now, I propose to expand the scheme to provide 20 lakh farmers for setting up stand-alone solar pumps; further we shall also help another…
(ET) A day after the Budget, petrol and diesel prices were further cut on Sunday as international crude oil markets got hammered due to slump in demand because of coronavirus scare in China. The price of petrol was cut by 9 paise and that of diesel by 8 paise across all major cities on Sunday. The petrol now costs Rs 73.10 a litre in Delhi, Rs 78.75 a litre in Mumbai, Rs 75.77 a litre in Kolkata and Rs 72.95 a litre in Chennai after the price cut. Similarly, diesel costs Rs 66.14 a litre in Delhi, Rs 69.36 a litre…
(BS) All India Power Engineers Federation (AIPEF) warned that thermal power plants generating 2,500 megawatt (mw) in Uttar Pradesh would be closed down if the energy sector proposals of the Union Budget 2020-21 were implemented. AIPEF chairman Shailendra Dubey has urged chief minister Yogi Adityanath to urgently intervene in the matter and save UP from an “unprecedented” power crisis. He said that the Union Budget had proposed to shut down thermal power units generating flue gas beyond the environmental norms, and to utilise their land for other purposes. Flue gas is the gas exiting via a flue, a pipe to remove…
(PTI) ONGC, IOC and other oil PSUs will invest over Rs 98,521 crore in the coming fiscal starting April 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to meet needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2020-21 is almost 4 per cent higher than Rs 94,974 crore spending by the state-owned oil firms in the current fiscal year that ends on March 31, according to Budget 2020-21 documents. Oil and Natural Gas Corp (ONGC) leads the pack with a 19 per cent rise in its capital spending at Rs 32,501 crore. The company is…
(PTI) The government will come out with the expression of Interest (EoI) inviting bidders for privatization of BPCL within few days, a senior official said on February 2.The Cabinet in November had cleared strategic sale of oil marketing and refining firm Bharat Petroleum Corp Ltd (BPCL). The government currently holds 53.29 per cent stake in the company, and at prevailing market prices the share sale would fetch about Rs 60,000 crore to the government. The Investor roadshows for BPCL sale was conducted in December in the US, London and Dubai. “We have got quite a good response (BPCL roadshow). We will…