Last month on December 1, prices of 19 Kg LPG cylinders were increased by Rs 100 bringing the prices of 19 kg commercial cylinders to Rs 2,101 in Delhi which was the second-highest price of 19 kg commercial cylinder after 2012-13 when it cost around Rs 2,200 per cylinder.
The spike has been fuelled by geopolitical tensions surrounding Russia, which supplies one third of Europe's gas.
According to the statement, the orders include those from India, Africa, CIS and South America in the power transmission business.
All but one major Asian country registered a rise in mobility on-month, according to data compiled by Bloomberg using Apple Inc. mobility statistics until Dec. 27.
The Maharatna company, according to the official cited earlier, told the government its investors are worried that the company is investing ₹11,500 crore in these companies without getting management control.
The project involves setting up of around 300 ckt km (Circuit km) of transmission lines network and greenfield substation with 320 MVA transformation capacity across North-Eastern terrain of Assam and Meghalaya. The project will transmit over 1,000 MW of power from Assam to western parts of Meghalaya.
Notably, fuel prices have been steady for the past 50 days now. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre on Tuesday, respectively.
Petrol and diesel prices have been steady for the past one-and-a-half months since early November when the Centre and States cut excise duty. Accordingly, diesel prices in the national capital were at Rs 86.67 per litre, while for petrol at Rs 95.41 per litre.
Adani group had originally ventured into city gas business in a joint venture with IOC but it later tied up with Total. Adani and IOC did not put any combined bid in the latest bidding round.
There is no existential threat to India's coal sector in the short term, notwithstanding COP26 commitments, says Agarwal.
EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
Oil marketing companies have kept the prices of diesel and petrol unchanged across major Indian cities on Friday.
According to the revised categorisation of thermal power plants by the Central Pollution Control Board (CPCB), these 79 coal-fired power plants near populated and already polluted cities. Delhi, Chennai, Kota, Greater Mumbai, Nagpur, Visakhapatnam and Vijayawada have been marked in the Category-A of the new norms.
At the UN climate change summit COP26 in Glasgow last month, Prime Minister Narendra Modi announced India's aim to achieve net-zero emissions by 2070 and also pledged to attain 500 GW of installed electricity capacity from non-fossil fuel sources by 2030.
“Indian Oil Corporation Limited (IOCL) has already initiated action for expansion of its Digboi Refinery from 0.65 Million Metric Tonne Per Annum (MMTPA) to 1.0 MMTPA. The configuration study is expected to be completed by January, 2022 followed by first stage investment approval by March, 2022,"
"Apraava Energy, a leading investor in the Indian power sector, today (on Monday) announced that it has acquired a 49 per cent shareholding in Kohima Mariani Transmission Ltd (KMTL) after receiving requisite regulatory approvals," the company said in a statement.
DSF-III offers 32 contract areas, comprising 75 fields/discoveries, with a combined total area of more than 13,000 square kilometers, in nine sedimentary basins. The fields on offer include a few of the nomination fields of National Oil Company, Oil and Natural Gas Corporation Limited, and some of the relinquished/unmonetized discoveries.
Adani Transmission has completed the construction of one of the India's longest intra-state transmission lines of 897 circuit km. The transmission line, set up by ATL subsidiary Ghatampur Transmission Ltd (GTL) will connect Ghatampur thermal power station in Kanpur district to Hapur substation in western Uttar Pradesh
Mounting outstanding dues of distribution companies (discoms) to electricity generation companies (gencos) have been a perennial issue affecting the entire value chain in the power sector and are also a hindrance for the ambitious goal of 24x7 power supply across the country even when the payment for coal is made in advance.
There has been no change in prices for the past 45 days. The Centre had cut the excise duty on petrol and diesel on the eve of Diwali and that was followed up by various states cutting local taxes to provide some relief for consumers who had been reeling under high fuel prices.
This year, Kuwait had shortened an annual oil supply deal with Indian refiners to 9 months ending in December. Kuwait Petroleum Corp has told buyers in India that their contracts would be extended to March 2022, sources said.
Discovered in 2019, Block 114 is the largest hydrocarbon find in South East Asia in two decades and is estimated to hold about 2 billion barrels of oil and gas resource, according to Essar. Eni is the operator with 50% participating interest in the block. EEPL holds the balance stake.
The progress of the schemes and projects is being monitored on a weekly basis by Secretary, Ministry of Power. Through regular monitoring and coordination with other ministries and state governments, the power ministry is making rapid strides in infrastructure development, it stated.
OTPC, in which ONGC holds 50% stake, set up a 726.6 MW gas-based power plant in Tripura. The plant started operation in March 2014.
While the capital markets regulator Sebi had initially asked listed companies to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards, it decided to give additional two years for compliance based on industry representations.
"The country has become power surplus; we have connected the whole country into one grid, and strengthened the distribution system. These steps have increased the power availability to 22 hours in rural areas and 23.5 hours in urban areas. The next step is to take it to 24X7 guaranteed power supply at affordable price," a power ministry statement quoted him as saying.
Bids for the 65 GAs offered in the 11th city gas licensing round came in on December 15, Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement. The 65 GAs spread over 215 districts in 19 states and one Union territory covering 26 per cent of India's population and 33 per cent of its area.EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
The refiner purchased 2 million barrels of Upper Zakum crude, 1 million barrels each of Basra Heavy and Nemba crude, they said.
In India, orders have been won to create power distribution infrastructure in two circle areas of Bengaluru. Additional orders have also been received in ongoing substation and transmission line projects.
Billionaire Mukesh Ambani-backed Reliance group in October announced plans to set up Reliance International Ltd (RINL) to trade in crude oil, petroleum, petrochemical products and agricultural commodities.
This is the first time ever that India, which stores 5.33 million tonnes or about 38 million barrels of crude oil in underground caverns at three locations on the east and west coast, is releasing stocks for such purposes. While the US will release 50 million barrels of oil from its strategic petroleum reserves, the stocks to be released by India are almost equal to its daily oil consumption of 4.8 million barrels.
Oil marketing companies on Monday kept the prices of diesel and petrol unchanged across major Indian cities.
In 2020, power consumption was 33.78 BU during December 1 to 10. In the entire month of December 2020, consumption was 105.62 BU, up from 101.08 BU in December 2019. Experts are of the view that power consumption as well as demand would grow at a steady pace in December with improvement in economic activities across the country.
ONGC is seeking a minimum price of USD 3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. For the CBM gas, it asked buyers to quote a percentage equal to or higher than 8 per cent of Dated Brent Price, according to the tender document.
Accordingly, petrol and diesel prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre on Friday, respectively. While in the financial capital Mumbai, the prices were unchanged at Rs 94.14 and Rs 109.98, respectively.
"At a thumb rule specific coal consumption of 0.67 Kg, that is the quantity of coal required to generate one unit of power, CIL's coal helped generate 507.46 Billion Units (BU) of power during the referred period spurring 22.5 per cent growth compared to 414.08 BU same period last year," CIL said.
Fuel prices have largely remained steady since November 3 when the Centre and some states reduced duties. Diesel and petrol prices in Delhi stand at Rs 86.67 per litre and Rs 95.41 per litre, respectively. In Mumbai, prices were unchanged with diesel at Rs 94.14 and petrol at Rs 109.98.
The new transmission projects would facilitate evacuation systems for 14 Gw of renewable projects in Rajasthan, 4.5 Gw of RE projects in Gujarat, 1 Gw Neemuch solar park, Madhya Pradesh and feeding areas near Akhnoor and Jammu region by establishing Siot Substation in Jammu.
The new transmission projects would inter-alia facilitate evacuation system for 14 GW of renewable projects in Rajasthan, 4.5 GW of RE projects in Gujarat, 1 GW Neemuch Solar Park, Madhya Pradesh and feeding areas near Akhnoor and Jammu region by establishing Siot Substation in Jammu.
"The reduction of excise duty and VAT on petrol and diesel will bring about a durable reduction in inflation by way of direct effects as well as indirect effects operating through fuel and transportation costs," said Reserve Bank of India Governor Shaktikanta Das on Wednesday in his policy statement speech post Monetary Policy Committee's December meet.
"For higher supply of coking coal in the country and to ensure it is provided at a cheaper rate, the decision to yet reduce ash percentage with upgraded technology and the price of coking coal to be linked to imported coal are the measures under consideration," the coal ministry said in a statement.
India has tied up supplies from Russia to the US in a bid to diversify its oil import basket, cutting reliance on the Middle East to meet its oil needs. "Rosneft and IOC signed a contract for the supply of up to 2 million tonnes of oil to India through the port of Novorossiysk by the end of 2022," the Russian firm said on its website.
Fuel rates have remained largely steady since Diwali (November 4) when the Centre and some states reduced duties. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.
The ministry released the Request for Proposal (RFP) document in October inviting bidders for setting up a total manufacturing capacity of 50 GWh with an outlay of Rs 18,100 crore.
The RP has received two binding bids --- from Petro Rio SA of Brazil and Geneva SA of Brazil --- and these bids will be opened along with the new offers, the people said.
India's top refiner is also seeking collaboration with Russian petrochmicals company SIBUR to explore the feasibility of setting up a dual-feed cracker along with downstream units at IOC's 300,000 barrel per day Paradip refinery in eastern Odisha state, an Indian foreign ministry statement said.
In the last few months, the supplies meant for CPPs and industries have been either stopped or significantly curtailed for diversion of these to the power sector, which has led to a perilous situation for other coal-based power generators, adversely impacting their industrial operations.
OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had a 25 per cent stake in Block 2A&4 in Sudan. Sudan had since 2011 not paid OVL and partners for oil it bought from the block.