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RK Singh for penalties on grid code deviation

The Financial Express 30-08-2018

Electricity utilities that use the transmission network should be penalised for deviations from the grid code, power minister RK Singh said on Wednesday. The minister was speaking to officials of the Power System Operation Corporation (Posoco).

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Vedanta corners 41 oil blocks in OALP Round-1

Financial Chronicle 29-08-2018

Mining major Vedanta has bagged 41 out of the 55 oil and gas exploration blocks offered in India's maiden open acreage auction, upstream regulator DGH said. State-owned Oil India won nine blocks, while another PSU, Oil and Natural Gas Corp (ONGC) managed to win just two blocks.

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PNB eyes IBC route for Rs 6,000cr power NPA recovery

Financial Chronicle 29-08-2018

Punjab National Bank, Ind­ia?s second largest lender, which has Rs 6,000 crore of power NPAs has decided to take the insolvency (IBC) ro­ute to resolve the issue, said an official.

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Piyush Goyal says Railways helping in rebuilding Kerala

Financial Chronicle 29-08-2018

Indian Railways, which is the land's greatest connector, is also doing its bit, assiduously working 24 hours to provide relief to the beleaguered people of Kerala. Railway minister Piyush Goyal talking to Financial Chronicle outlined the efforts

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Sale of 5% stake: Government readies ONGC OFS

The Financial Express 28-08-2018

The Centre will likely sell a 5% stake in the country?s largest oil explorer ONGC in what could be one of its largest disinvestment exercises in the current fiscal.

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ACME Solar to diversify into EVs, power storage

Business Standard 27-08-2018

Gurugram-based ACME Solar, which has India?s highest solar power project capacity of 2GW in the pipeline, is looking to diversify into electric vehicles (EVs) and storage power system

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Maharashtra discoms buy most RECs

The Financial Express 27-08-2018

State-owned power distribution companies (discoms) of Maharashtra have purchased 99.3 lakh renewable energy certificates (RECs) till FY18, the highest among states, followed by Gujarat at 29.7 lakh and Delhi at 25.2 lakh, the latest report by the Power System Operation Corporation said.

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Coal shortage shuts 8,580 MW generation capacity

The Financial Express 23-08-2018

As much as 8,580 MW of coal-based power generation capacity is under outage due to shortage of fuel across the country.

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Ramky may sell NAM Expressway to Cube Highways

The Financial Express 20-08-2018

I Squared Capital-backed toll roads owner and operator, Cube Highways, is in advanced discussions with Ramky Infrastructure to purchase the latter?s entire stake in its Narketpally Addanki Medarametala Expressway, also called NAM Expressway.

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Government won?t ask ONGC to share subsidy burden even if crude oil price crosses this mark

The Financial Express 20-08-2018

The government has dropped a plan to ask ONGC to resume sharing its fuel subsidy burden if the Indian basket of crude breaches $70 a barrel.

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Safeguard duty row leaves Moser Baer Solar resolution in limbo

Business Standard 16-08-2018

The resolution plan for Moser Baer Solar is in limbo as the bidders are awaiting a clarity on the safeguard duty on imported solar cells, which is pending at the Odisha High Court.

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Govt's plan to revive hydropower projects in limbo due to lack of funds

Business Standard 16-08-2018

The government?s plan to revive stalled hydropower projects through a bailout package of Rs 160 billion is lying in a limbo for a year now.

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Will HPCL be on par with ?parent? ONGC?

The Hindu Businessline 16-08-2018

A bumper profit of over 6,000 crore for the second straight year has helped State-run oil refiner Hindustan Petroleum Corporation Ltd (HPCL) stake its claim for the coveted ?maharatna? status.

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Oil prices, global developments to weigh on the rupee: FICCI survey

The Hindu Businessline 16-08-2018

The rupee is going to continue to depreciate in 2018-2019 due to the movement of oil prices and domestic as well as global economic developments, according to FICCI?s Economic Outlook Survey that was conducted in July.

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