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Andhra Pradesh regulator approves solar power tariffs

The Economic Times 16-10-2019

Andhra Pradesh?s power regulator has approved solar power tariffs arrived at in the auctions, allaying the fears of successful bidders who had started construction of solar projects without waiting for the regulator?s formal approval.

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Adani, Reliance group in race for Mumbai-Pune Expressway

The Economic Times 16-10-2019

Adani Group and Anil Ambani?s Reliance Group are competing with a consortium of IRB Infrastructure and Government of Singapore Investment Corp (GIC) for toll operation rights on Mumbai-Pune Expressway, arguably the country?s busiest stretch.

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Tellurian to sell LNG at a lower rate of $6 to India

The Economic Times 16-10-2019

US-based Tellurian Inc, which signed an initial agreement to sell gas to Petronet LNG in the presence of Prime Minister Narendra Modi, will deliver liquefied natural gas (LNG) to India at a price of $6 per unit, a top executive and member of its founding family said, signalling a much lower price than the ceiling for output from difficult fields in India.

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Banks plan to recast Rs 4,000 crore CG Power loans

The Economic Times 16-10-2019

Banks plan to restructure Rs 4,000 crore of loans given to fraud-hit CG Power and Industrial Solutions, including an easier moratorium on repayments and standstill arrangements to pay past loans, in a bid to keep the company?s operations going, three people familiar with the development said.

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IOC plans to raise Rs 6000 crore through bond sale this fiscal

The Economic Times 16-10-2019

Indian Oil Corp, the nation's largest refiner and fossil fuel retailer, plans to raise up to Rs 6,000 crore via bonds this fiscal year with about half of that planned for this week.

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HPCL-Mittal raises $300 million via offshore bond sale

The Economic Times 16-10-2019

HPCL-Mittal Energy (HMEL), a joint venture between Hindustan Petroleum Corporation and Mittal Energy Investment, Singapore, raised $300 million on Tuesday by selling bonds to offshore investors.

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RBI reviews liquidity issues of non-bank lenders, bad loans

The Economic Times 16-10-2019

The Reserve Bank of India on Tuesday took stock of the liquidity squeeze that has gripped the non-bank lenders and sought to understand whether the stress has eased.

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BPCL strategic sale could take place at Rs 510-Rs 1100 a share

The Economic Times 16-10-2019

The stock of Bharat Petroleum Corporation (BPCL) has gained 28 per cent over the past one month following the government?s plan to sell its stake in the oil marketing firm to a strategic buyer.

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Cabinet to consider splitting GAIL, pipeline business not to be sold before 2022

The Economic Times 16-10-2019

The Union Cabinet may by next month consider a proposal to hive off state-run gas utility GAIL (India) Ltd's pipeline business into a separate entity but its sale to a strategic investor may not happen before 2022, sources privy to the development said.

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Battling slowdown, India requests Opec to not exercise deeper production cut

Mint 16-10-2019

Battling a severe slowdown, India on Tuesday implored Organization of the Petroleum Exporting Countries (Opec) to not affect deeper crude oil production cuts.

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India confident of adding 450 GW of renewables by 2030: Raj Kumar Singh

Mint 16-10-2019

Power and new and renewable energy minister Raj Kumar Singh on Tuesday said state electricity distribution companies (discoms) remain a challenge even as the National Democratic Alliance (NDA) government is working on a new scheme to further reduce losses.

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Focus on fares, facilities as railways moves to invite firms to run trains

Mint 16-10-2019

Indian Railways is planning to rope in private players to run trains that would provide world-class facilities. How effective that would be is anybody?s guess but the start is definitely commendable.

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Building blocks will need to be?put in place under PPP initiative

Mint 16-10-2019

Faced with a staggering investment ask of over ?50 trillion for expanding and upgrading India?s railway infrastructure during 2018-30, the government has continued with its focus on public private partnerships (PPPs) in various areas like station redevelopment, freight movement infrastructure etc.

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Indian Railways to become 'net zero' carbon emitter by 2030

Mint 16-10-2019

As part of India?s strategy to combat climate change, Indian Railways will become "net zero" carbon emitter by 2030, said railways and commerce minister Piyush Goyal on Tuesday.

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Essel in talks to sell six road assets to NIIF

The Hindu Businessline 16-10-2019

The Essel Group-owned Essel Infraprojects is in advanced talks to sell six road projects to the National Infrastructure and Investment Fund (NIIF), two people aware of the development told BusinessLine.

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