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Govt mulls merger of small power firms with NTPC, NHPC

The Economic Times 13-09-2019

Finance and power ministries are in advanced talks to merge smaller power companies with NTPC and NHPC, according to a report by ET NOW.

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Reliance commits to pay for any gas supply shortfall

The Economic Times 13-09-2019

With gas output from its fields not matching commitments in past, Reliance Industries is offering supply-or-pay contracts for natural gas it plans to produce from newer fields beginning mid-2020, with an obligation to pay if it is unable to supply.

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Adani Transmission to raise up to $1 billion through bond sale

Mint 13-09-2019

Power transmission and distribution company Adani Transmission Ltd is looking to raise $750 million to $1 billion by selling overseas dollar-denominated bonds, said two people aware of the development, requesting anonymity.

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RBI increases banks' loan exposure limit to single NBFC

Mint 13-09-2019

The RBI on Thursday increased loan exposure limit of banks to a single NBFC (excluding gold loan companies) from 15% to 20% of its capital base, a move that will help increase credit supply to the crisis-ridden shadow banking sector.

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Inter-terminal transfer of boxes at JNPT boosts rail volumes in August

The Hindu Businessline 13-09-2019

The Jawaharlal Nehru Port Trust, the country?s busiest container gateway, handled a record volume of rail containers in August after the port authority brokered a new deal on inter-terminal rail handling operations among all the five container terminals at the port which took effect from August 1.

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ToT highway project: ICICI Bank takes over ?2,000 cr debt financing from Yes Bank

The Hindu Businessline 13-09-2019

ICICI Bank has taken a bite of the debt funding for India?s first Toll-Operate and Transfer (ToT) highway project by taking over about ?2,000 crore from the original lender YES Bank Ltd in a move that will likely give a much-needed push and confidence among lenders to fund such deals amidst a general slackness in funding core projects.

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RIL's e-auction mechanism for new KG-D6 gas; bidding likely on Oct 11

Business Standard 13-09-2019

Thirteen years after it first undertook a price discovery exercise for natural gas, Reliance Industries, along with UK partner BP, will be selling 5 mscmd (million standard cubic metres a day) from its R-cluster field in the Krishna-Godavari (KG) basin through an e-auction mechanism.

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Railways defers 15% freight surcharge, ups number of rakes for auto sector

Business Standard 13-09-2019

The railways has deferred its busy season surcharge of 15 per cent on freight and hiked the number of rakes to be provided for the auto sector in a bid to increase freight loading, which is likely to take a hit due to the economic slowdown.

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Power demand declines by 1.6 pct in August

The Financial Express 13-09-2019

Demand for power fell 1.6% in August, accentuating concerns over the economic slowdown. While power demand was erratic and mostly listless in FY19, the situation improved in the first quarter of the current fiscal because of general elections.

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India grabs US crude set to arrive in China after tariffs

The Economic Times 06-09-2019

State-owned refiner, Bharat Petroleum (BPCL), has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.

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ReNew Power raises $300 mn via offshore bond sales

The Economic Times 06-09-2019

Clean energy firm ReNew Power raised $300 million by selling bonds overseas, seeking to use the proceeds for capacity expansion.

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Rs 35kcr NBFC bond repayment, due this month, tests sector?s resilience

The Economic Times 06-09-2019

About Rs 35,000 crore of NBFC bond repayments are due in September, the most in a month since last October, testing the resilience of a sector that has struggled to raise funds since leading infrastructure financier IL&FS defaulted last autumn.

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NHAI to raise over Rs 85k crore via asset recycling: Nitin Gadkari

The Economic Times 06-09-2019

The National Highways Authority of India (NHAI) will rely largely on asset monetisation to fund its road construction work and plans to raise more than Rs 85,000 crore through asset recycling, minister of road transport and highways, Nitin Gadkari, said.

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Reliance Industries and BP scouts for natural gas buyers

The Economic Times 06-09-2019

Reliance Industries and BP are seeking buyers for natural gas from their $5-billion deep sea project in the KG D6 block at a time when rates have crashed due to global supply glut.

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Macquarie, Ashoka Buildcon seek buyers for?$2 billion roads business

Mint 06-09-2019

Infrastructure developer Ashoka Buildcon and Macquarie Infrastructure and Real Assets (MIRA), one of the biggest foreign infrastructure investors in India, are seeking buyers for their $2 billion roads portfolio, Ashoka Concessions Ltd, said two people aware of the development, requesting anonymity.

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