Shine Jacob

All stories by Shine Jacob

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Rediff.com7 Oct 2020

The project will be in three stages and sources indicate that the funding will be for the first stage of 107 kilometre from Sarai Kale Khan to SNB Urban Complex.

Newbies dream to become oil barons in limbo

Newbies dream to become oil barons in limbo

Rediff.com3 Oct 2020

22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.

Indian Railways back on track, stems fall in freight traffic

Indian Railways back on track, stems fall in freight traffic

Rediff.com2 Oct 2020

Revenue from freight operations also increased by 14 per cent to Rs 9,903 crore in September.

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Rediff.com29 Sep 2020

Going by the current market cap of Rs 83,451.15 crore, 7.33 per cent stake in BPCL is expected to be valued around Rs 6,117 crore.

L&T, 2 mega consortia in race for India's first bullet train project

L&T, 2 mega consortia in race for India's first bullet train project

Rediff.com24 Sep 2020

The first consortium includes Afcons Infrastructure, IRCON International and JMC Projects, while the second group of companies include NCC, Tata Projects and J. Kumar Infra Projects.

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Rediff.com23 Sep 2020

The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Rediff.com19 Sep 2020

'The people, media and politicians are ready to listen to the troubles of Kangana Ranaut, but we are unwanted lives in the heart of Delhi.' Shine Jacob reports.

Railways to allow private players for bullet train projects

Railways to allow private players for bullet train projects

Rediff.com18 Sep 2020

The projects - Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah - are expected to cost around Rs 10 trillion.

Prayagraj to house Indian Railways' ambitious freight programme

Prayagraj to house Indian Railways' ambitious freight programme

Rediff.com15 Sep 2020

Built by the French railway technology company Alstom, it will host a 90-metre-long digital wall for train operation, said to be the second largest in Asia.

BPCL privatisation move make workers jittery

BPCL privatisation move make workers jittery

Rediff.com8 Sep 2020

Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.

Railway Board restructuring gets green flag

Railway Board restructuring gets green flag

Rediff.com4 Sep 2020

The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.

Railways seeks private fund to develop Mumbai's CST station

Railways seeks private fund to develop Mumbai's CST station

Rediff.com26 Aug 2020

The estimated cost of the project is around Rs 1,642 crore.

After 167 years, Railways to overhaul its signalling system

After 167 years, Railways to overhaul its signalling system

Rediff.com1 Aug 2020

The Indian Railways is replacing its outdated signalling system with the latest automated train protection technologies - European Train Control System and Train Collision Avoidance System.

Diesel at doorstep? Possible if OMCs' plan succeeds

Diesel at doorstep? Possible if OMCs' plan succeeds

Rediff.com29 Jul 2020

Oil marketing companies IOC, BPCL and HPCL have invited expressions of interest from start-ups that wish to be enrolled as fuel entrepreneurs for doorstep delivery of high-speed diesel through mobile petrol pumps.

Will private railway services be a reality by 2023?

Will private railway services be a reality by 2023?

Rediff.com16 Jul 2020

Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.

Will bullet train start running from 2023?

Will bullet train start running from 2023?

Rediff.com14 Jul 2020

Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.

How fuel prices have risen under Modi regime

How fuel prices have risen under Modi regime

Rediff.com13 Jul 2020

Despite a massive decline in crude oil prices since 2012 -- Modi has been prime minister in six of these eight years -- petrol in Delhi has become 10 per cent costlier and diesel 97 per cent, as of July 2.

Free LPG reaches only 50% beneficiaries, shows govt data

Free LPG reaches only 50% beneficiaries, shows govt data

Rediff.com10 Jul 2020

Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.

IOC beats lockdown blues, resumes works on projects

IOC beats lockdown blues, resumes works on projects

Rediff.com9 Jul 2020

These mega projects, worth about Rs 1 trillion, would boost the economy, ensure smooth supply of petroleum products across the nation and also provide the much-needed relief to people looking to get back to work after the lockdown.

IOC launches winter-grade diesel for troops in Ladakh

IOC launches winter-grade diesel for troops in Ladakh

Rediff.com4 Jul 2020

Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.

Pinarayi Vijayan: The CM as crisis manager

Pinarayi Vijayan: The CM as crisis manager

Rediff.com24 Jun 2020

The Kerala chief minister's four years in office may well be remembered for the way he handled Cyclone Ockhi, two floods, Nipah, and now COVID-19, reports Shine Jacob.

ONGC halts operations at two rigs as 54 employees test COVID positive

ONGC halts operations at two rigs as 54 employees test COVID positive

Rediff.com23 Jun 2020

A company official said work stopped temporarily only at two rigs and the remaining 34 in the offshore were operational. He added there was no impact on the company's production.

Experts from US to join efforts to control Assam oil well fire

Experts from US to join efforts to control Assam oil well fire

Rediff.com14 Jun 2020

Singapore-based Alert Disaster Control, one of the largest disaster management companies in the oil and gas sector, has already joined the team of experts from ONGC and OIL, reports Shine Jacob.

The flip side of oil companies' digital drive

The flip side of oil companies' digital drive

Rediff.com4 Jun 2020

OMCs' Digital India move is likely to have an impact on more than 80.3 million Pradhan Mantri Ujjwala Yojana consumers, majority of whom are not exposed to digital transact.

Free LPG: Another 'failed' govt scheme?

Free LPG: Another 'failed' govt scheme?

Rediff.com1 Jun 2020

The scheme for three free refills is currently valid from April to June 30, 2020, with a condition that one refill can be taken in a month. The average annual consumption by PMUY customers is approximately one cylinder in four months. That means most of them would consume only one cylinder during the validity period of the scheme. government should consider extending the validity period of the scheme up to March 2021 to make maximum use of the relief package.

Railways likely to freeze hiring, cut allowances

Railways likely to freeze hiring, cut allowances

Rediff.com26 May 2020

Railway traffic has dropped 32 per cent to 99.86 mt between April 1 and May 14, compared to the same time last year, while its revenue, too, dipped 41 per cent to Rs 9,094.38 crore.

Low demand pulls down India's April oil refinery output by 29%

Low demand pulls down India's April oil refinery output by 29%

Rediff.com24 May 2020

According to industry experts, the consumption of petroleum products in the month of April was only 30-40 per cent of what it had been prior to the lockdown. Due to this, refineries were forced to bring down their capacity too.

Mix of relief and fear as rail services start

Mix of relief and fear as rail services start

Rediff.com13 May 2020

For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries

India's first Covid-19 patient speaks up!

India's first Covid-19 patient speaks up!

Rediff.com28 Apr 2020

The survivor from Thrissur, who returned from Wuhan -- the epicentre of the pandemic -- recounts her road to recovery and her future plans. Shine Jacob reports

ONGC seeks new petroleum exploration licence

ONGC seeks new petroleum exploration licence

Rediff.com4 Mar 2020

RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.

Spike in oil prices a temporary phase

Spike in oil prices a temporary phase

Rediff.com12 Jan 2020

Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.

Will the West Coast refinery take off?

Will the West Coast refinery take off?

Rediff.com9 Jan 2020

BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.

Will Indian Railways be privatised?

Will Indian Railways be privatised?

Rediff.com31 Dec 2019

Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Rediff.com25 Dec 2019

The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.

Railways in talks with Reliance Jio on tower use

Railways in talks with Reliance Jio on tower use

Rediff.com23 Dec 2019

Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.

Subsidy on kerosene likely to go by FY21

Subsidy on kerosene likely to go by FY21

Rediff.com15 Oct 2019

A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.

How Saudi terror attack has hit Indian kitchens

How Saudi terror attack has hit Indian kitchens

Rediff.com4 Oct 2019

A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.

Is India's LNG deal with US a risky affair?

Is India's LNG deal with US a risky affair?

Rediff.com3 Oct 2019

Majority of PLL's long-term deals are linked to crude, which faces price challenge from other fuels. Spot LNG is moving away from this linkage, which puts a question mark on crude linked contracts.

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Rediff.com20 Sep 2019

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.

Robots can make Raebareli rail unit world's largest coach factory

Robots can make Raebareli rail unit world's largest coach factory

Rediff.com19 Sep 2019

Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.

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