Coal India Limited (CIL) has decided to ease payment terms for its customers, particularly those in the power sector, and be lenient in dealing with defaults. It will also accept usance letters of credit, also […]
The central government is working on a package to offer loans to state discoms to help them clear dues of gencos to prevent blackouts as the projects face a severe liquidity crisis. The MoP is […]
In line with the MoP’s directions, the Central Electricity Regulatory Commission (CERC) has reduced the rate for LPS payable by discoms to power generators from 1.5 per cent per month to 1 per cent per […]
The Ministry of Power (MoP) has clarified that discoms will continue to be obligated to pay for power within 45 days of a bill being presented. The clarification comes after misconceptions regarding the MoP’s order […]
The country’s power consumption has declined by 7.7 per cent to 100.13 BUs in March 2020 as compared to 109 BUs in March 2019, mainly on account of lower commercial and industrial demand due to […]
The Mumbai Port Trust has commenced roll-on, roll-off passenger (ro-pax) ferry operations between Mumbai (Bhaucha Dhakka/Ferry Wharf) and Mandwa through its vessel, RoPax M2M1. The vessel which combines the features of a cruise vessel and […]
The central government has inaugurated five projects at the Jawaharlal Nehru Port Trust (JNPT) – a mobile X-ray container scanner facility at the Jawaharlal Nehru Port Container Terminal (JNPCT), a 220/333 kV mobile unit substation […]
The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the introduction of the Scheme for Remission of Duties and Taxes on Exported Products. The scheme has been introduced to give a boost […]
The Deendayal Port Trust (DPT) has extended the validity of existing authorisation/renewal of port users, including the trade licence holder (that expired on March 31, 2020), from April 1, 2020 to May 15, 2020.
The Jawaharlal Nehru Custom House (JNCH) has issued a circular prescribing the procedure to be followed for the scanning of containers selected for scanning, via public notice no. 40/2020. As per public notice no. 12/2019, […]
The Directorate General of Shipping has issued instructions to all the major and minor ports for dealing with the COVID-19 pandemic. While travel advisories have been issued by many jurisdictions, shipping services are required to […]
During 2019-20, the Indian major ports handled 704.82 million tonnes (mt) of traffic, as compared to 699.1 mt during 2018-19, registering an increase of 0.82 per cent. Deendayal port handled the maximum traffic at 122.5 […]
Master Marine Services Private Limited has added another two features to its integrated digital portal, Master Marine Digitech 3. The two additional services – E-Shipping Bill and E-Forwarding Note – will allow the trade to […]
IOCL has declared force majeure on crude purchases from four of its biggest suppliers – Saudi Arabia, Iraq, the UAE and Kuwait – as refinery run rates have been cut in view of the plummeting […]
The Directorate General of Hydrocarbons has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth bid round and decided to merge the next two rounds into […]
Indian Oil Corporation Limited (IOCL) has stated plans to import about 50 per cent more LPG to ensure uninterrupted availability of bulk LPG for its bottling plants. The company is also taking steps to increase […]
Under the Pradhan Mantri Ujjwala Yojana (PMUY), over 80 million beneficiaries will be entitled to a total of three 14.2 kg liquefied petroleum gas (LPG) cylinders for free between April and June 2020, a move […]
Post the decline in the domestic natural gas price (by 26 per cent) in the six-monthly revision announced on April 1, 2020, key city gas distribution operators such as Indraprastha Gas Limited (IGL) and Adani […]
Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to the nationwide lockdown, have reduced intake. Production has fallen to 160,000 barrels of […]
Shell Energy India has signed a pact with Inox India for doorstep delivery of liquefied natural gas (LNG) from its terminal in Gujarat via road to customers who are not connected to pipelines. Shell Energy owns […]
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