NORTH EAST GAS GRID
Budget: Centre may back states in north-east hydropower play
Union Budget: The Centre could support equity participation by state governments in hydropower projects in the northeast at 24% of the total project equity, subject to a cap of Rs 750 crore per project initially, people familiar with the matter said.
More than meets the eye in Russian President Vladimir Putin’s Asia trip
Russian President Vladimir Putin’s recent visits to North Korea and Vietnam carry a dual message: reinforcing Moscow’s presence in East and Southeast Asia and signaling to Beijing that Russia is not a subordinate partner. Putin aims to show that Russia has strategic options, countering China's influence. Prof. James Curran notes that Putin's engagement with nations having complex relations with China, like North Korea and Vietnam, highlights his intent. In Hanoi, Russia proposed joint energy projects and nuclear power development, reaffirming its longstanding ties and countering Beijing’s dominance.
India sees record peak demand for power in north as heatwave persists
The India Meteorological Department (IMD) has predicted above-normal temperatures for June in the northwest and central parts of the country, making it one of the longest heatwave spells.
Powering ahead: How India made big electricity blackouts a thing of the past
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.
Power stocks: Both PSUs and pvt ones got re-rated. Ready for another round in Modi 3.0? 6 stocks with upside potential of up to 37%
The summer heat leads to high power consumption is a well known fact. What has been the difference in the headlines this year and last two or three years? The news about massive power cuts and the possibility of power plants running out of coal is missing. The news which is dominating is that power demand is high and is being met. This change is the result of many things, right from optimism at one point of time to absolute despair at another. Finally policy push and discipline and integrated approach toward solving the issue of the sector, whether it for thermal, solar, wind or hydro. This led to a certain level of re-rating in Modi 2.0 which is likely to get pace in Modi 3.0. One thing which goes unnoticed is the fact that the power sector moving out of the trouble not only means good news for power companies but also the banks, because after metal, power companies topped the list of NPA of the banks.
IGGL updates Mizoram CM on the progress of NEGG project
IGGL, a joint venture of five major petroleum PSUs, has met with Mizoram's Chief Minister, Lalduhoma, to discuss the construction status of the Panisagar - Aizawl natural gas pipeline. The project, part of the North East Gas Grid Project, aims to connect state capitals, major cities, and demand centers in eight North Eastern states at an estimated cost of Rs 9265 crore.
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Power stocks: Stay with the re-rated ones in Modi 2.0 for next round in 3.0, just hedge a bit, 5 stocks with upside potential of upto 23%
In the last ten years there have been many sectors which have come out of their troubled past, but the power sector probably stands out for multiple reasons. First, moving out of trouble not only meant that power companies were able to stand on their own feet, but also a big amount of NPA which the banks were saddled with was due to power companies being in the red. So, the health of the power sector, especially the private companies, has seen an improvement. Because there are a large number of PSUs in the power sector, due to policy push and changes in the policy a number of them have seen better performance. Now because any sector where the government and its policies have played an important role in terms of revival, the continuation of the policy framework becomes critical for the sector. So in such a sector, shareholders should hedge before the election results so that their decisions are not impacted by the narrative that FPI are selling due to polls.
Numaligarh Refinery, Oil India setting up several compressed bio-gas plants in north east
Collaboration with Urban Local bodies for municipal solid waste collection has been initiated, said C&MD, OIL and Chairman NRL Dr. Ranjit Rath while speaking as at the Technical Symposium on ‘Creating Wealth from Waste: Role of Startup and New Enterprises’ organized by Pollution Control Board of Assam in Guwahati.
America is joining its frenemies back in the fossil fuel club
US President Joe Biden imposed tariffs on Chinese clean technology imports to support the US clean technology industry against China's dominance.
Sensex ends 260 points higher led by gains in ITC, RIL; Nifty tops 22,050
The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.
Rs 5 lakh crore wiped off! Poll jitters, banking & auto woes weigh on indices
The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.
Sensex opens marginally higher tracking postive global cues; Nifty above 22,450
Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.
Intense heat sweeps east, south India; Nandyal in Andhra sizzles at 46.2 degrees
Intense heat wave affects East India and southern peninsular region, with record high temperatures. Kerala shuts schools. IMD warns of severe conditions. Western Disturbances prevent some heat waves. Pinarayi Vijayan orders closure. Ongoing heat wave to abate after May 3.
Four-day market rally makes investors richer by Rs 8.48 lakh cr
Investors' wealth surged Rs 8.48 lakh crore in four days of market rally where the BSE benchmark has climbed nearly 2 per cent amid firm global trends.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The NSE Nifty 50 settled 0.14% higher at 22,368, while the S&P BSE Sensex rose 0.12% to 73,738. They have gained about 1.7% each over the past three sessions.
Sensex rises for 3rd straight day, up 300 pts tracking global cues; Nifty above 22,400
Indian benchmark indices rose with financial, IT stocks, and Reliance Industries leading the gains. Markets rose with various stocks contributing positively. External factors and market concerns are being closely monitored.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Nifty on Monday ended 189 points higher to form a long-legged Doji candle pattern on the daily chart as it managed to move above the initial hurdle at 22,300 levels.
War and trade: As Iran-Israel conflict intensifies, India’s trade vulnerability rises
The Israel-Hamas conflict had already inflated freight cost from $1,000 to $6,000. Now with Iran directly entering the conflict, India’s MSME sector is staring at an economic bloodbath as freight costs are likely to rise to $9,000-12,000, say small traders.
RIL, banks drive Sensex 300 points higher, Nifty above 22,250; Infy in focus
Indian indices rose on Thursday with key players like Reliance Industries, HDFC Bank, and ICICI Bank leading. BSE Sensex and Nifty50 showed significant gains. Market focused on companies' March quarter results and Middle East tensions.
Equity investors become poorer by Rs 7.93 lakh cr in three days
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran's retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.
Locals complain of 'gas leak', eye irritation in parts of north and east Delhi
Delhi Police said anti-riots mock drill exercise was conducted at Yamuna Khadar, which falls between some parts of east and north Delhi. An officer said it appeared that the smoke due to tear gas shell might have been behind the incident, but added that it was not yet verified.
Explainer: How could Red Sea attacks affect oil and gas shipping?
QatarEnergy, the second-largest exporter of liquefied natural gas (LNG), has halted sending tankers via the Red Sea due to attacks by Yemen's Iran-backed Houthi group. Several tankers carrying Qatari LNG were held up over the weekend following air and sea strikes on Houthi targets by U.S. and British forces.
Sensex ekes out marginal gains ahead of TCS, Infosys results; US inflation data
The BSE benchmark Sensex rose 63 points or 0.09% to settle at 71,721. The NSE Nifty gained 28 points or 0.13% to end at 21,647. From the Sensex stocks, index heavyweight Reliance Industries surged 2.5%. UltraTech Cement, Axis Bank, IndusInd Bank and Power Grid also closed higher, while Infosys, HUL, Wipro, and L&T settled with cuts.
Barauni-Guwahati pipeline to provide gas in Guwahati by end of the year
GAIL India Limited representative announced that the Barauni-Guwahati Pipeline shall be able to provide gas in Guwahati by the end of the year, thereby marking a major milestone in the linkage of the State with the National Gas Grid. This in due course shall enable the connect between producers, importers and the end-users of natural gas in a seamless manner.
Pact inked to connect ONGC's natural gas fields with North East Gas Grid
It will make domestic gas available to the customers and will contribute to the country's economy as a whole, he said. By leveraging the NEGG infrastructure, the hydrocarbon potential of the northeastern region can be fully utilised for development of a gas-based economy in line with the Centre's Hydrocarbon Vision 2030, Kumar said. IGGL is also in touch with other natural gas producing companies to hook up their gas fields with NEGG.
IGGL, ONGC signs three agreements to connect ONGC’s Natural Gas fields with North East Gas Grid
Indradhanush Gas Grid Ltd is laying a 1656 km long Natural Gas pipeline connecting the capital cities and the demand centres of all the eight north eastern states. These hook up agreements will facilitate connection of the natural gas fields of ONGC with the IGGL’s pipeline for evacuation of natural gas.
City gas auction in works for J&K, Ladakh, North East
It has drawn up a tentative list of areas for which licenses will be auctioned and has sought views from the stakeholders, according to a notification on the website of the regulator. The proposed list of areas includes Arunachal, Meghalaya, Manipur, Mizoram, Nagaland, Sikkim, J&K and Ladakh.
IGGL completes Asia's largest underwater hydrocarbon pipeline across Brahmaputra: CEO
The total length of the pipeline is 4,080 metre. It connects Jorhat and Majuli and will form a part of the 1,656 km long North East Gas Grid connecting the major cities and demand centres of North East India with the National Gas Grid. The 1656 km long natural gas pipeline is constructed at a project cost of Rs 9,265 crore.
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