(OD) Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has asked the Steel industry in the country to work towards the mission of Green Steel. In his inaugural address in the ISA Steel Conclave 2019 organised by Indian Steel Association in New Delhi today, he said “As a responsible nation, we are contributing towards mitigating climate change. We have set an ambitious plan of achieving 450GW capacity of renewable energy. I appeal to the industry to work towards achieving the mission of “Green Steel”. Industry must deploy technology, innovation to develop environment friendly processes.” The minister said…
Author: Aruna Sharma
(ET) Only two bidders have evinced interest in a wind energy tender floated by state-owned Solar Energy Corporation of India, alluding to the tepid response wind tenders have been receiving lately from developers. The 1,200 MW tender was issued by SECI for the second time this week at a ceiling tariff of Rs 2.93 per unit. It had been revised from Rs 2.85 per unit in an effort to stimulate participation. Adani Green Energy and Italian energy company Enel submitted bids for 200 MW and 66 MW respectively, industry insiders said. It has been postponed to December 5. “We have extended…
(PTI) Raking up the Ayodhya issue, BJP president Amit Shah on Thursday accused the Congress of stalling the case in the Supreme Court.He also alleged that the Congress party kept the Kashmir problem hanging fire for 70 years in its “greed” to protect its vote bank. “For so many years this judgement was not happening. We also wanted a resolution to this dispute within the framework of the Constitution. Now see how with the blessings of Lord Ram the Supreme Court has cleared the way for the construction of a grand Ram temple. “Everyone wanted a Ram temple in Ayodhya but…
(ET) Union Road and Highways Minister Nitin Gadkari on Thursday directed the National Highways Authority of India (NHAI) to issue FASTags free until December 1, ostensibly to encourage people to move towards cashless and seamless travel. “Free FASTags will be available at all points of sale of the NHAI and they will also be made available at other places having a high potential of sales,” Gadkari told reporters at a press conference here. The Ministry of Road Transport and Highways is putting in deposit money of Rs 150 on behalf of each user for now. Almost 90 per cent toll plazas are ready with FASTag infrastructure as of now and…
(BS) Country’s largest power producer NTPC may make an aggressive bid of about Rs 10,000 crore to buy out the Centre’s stake in two hydro power producing companies – NEEPCO and THDC, two persons having knowledge of the development said. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared strategic disinvestment in the two hydroelectric power generating PSUs in favour of NTPC that is looking to expand its operations and boost the renewable portfolio. One of the persons quoted above said that the thermal power generator may offer close to Rs 10,000 crore though the transaction advisor will come to valuations about the entities later. The…
(ET) The NITI Aayog has asked the Indian Agriculture Research Institute to expeditiously conduct field trials of a technology that allows paddy straw to decompose in fields as concerns mount over growing air pollution in the capital due to stubble burning in neighbouring states. The Aayog will work out a fiscal package for quick adoption of the technology from next year after the field trials, said a senior government official. “Technology of decomposing straw in situ is available at the lab level. We have to standardise it and test it on the fields,” said NITI Aayog member Ramesh Chand. The idea…
(IE) The depleting cash and other bank balances of ONGC Ltd, India’s main state-owned oil explorer that accounts for over 60 per cent of the country’s crude oil production, finds a reflection in the overall capex spends of the upstream petroleum major. ONGC’s cash and balances dipped to touch a record low of Rs 504 crore in March 2019, down from Rs 1,013 crore in March 2018 and Rs 9,511 crore in March 2017 and Rs 9,957 in March 2016. While this slide in balances is precipitated by two deals involving ONGC’s stake buys in downstream oil marketing company Hindustan…
(PTI) Prime Minister Narendra Modi is learnt to have expressed displeasure over the absence of Cabinet ministers during Question Hour, sources in the government said on Thursday. The prime minister flagged the absence of ministers during Question Hour in both Houses of Parliament after the meeting of the Union Cabinet on Wednesday evening.
(LiveMint) Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs.90,000 crore. The Cabinet Committee on Economic Affairs had on Wednesday decided to sell the government’s entire stake in the country’s second-largest state refiner BPCL and India’s largest shipping company Shipping Corporation of India (SCI). It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51 per cent in…
(ET) NCP and Congress on Wednesday night formally announced their decision to join hands with the Shiv Sena to form a stable government in India’s financial capital. The trio will parade around 170 MLAs before governor Bhagat Singh Koshyari by the weekend to stake claim. Sena chief Uddhav Thackeray is the party’s chief ministerial choice. Sena is keen on a full term for him, with NCP still insisting on 2.5-year rotational CM. Soon after NCP-Congress announcement,Sena spokesman Sanjay Raut said ‘Maharashtra wants Uddhav Thackeray as CM’. The newly elected MLAs belonging to the three parties have been asked to assemble…