10-Jan-2024
Power
REC signs pacts to finance Rs 16,000 crore worth highway projects
New Delhi : REC Limited has signed four MoUs worth Rs. 16,000 crore with Dilip Buildcon Limited, GMR Power & Urban Infra, CDS Infra Projects Limited & DP Jain & Co. Infrastructure Pvt. Ltd for financing road and highway projects, according to an official statement issued on Tuesday. : Sarkaritel.com
India’s Largest NBFC Power Finance Corporation Ltd. to set up a finance company in IFSC, GIFT City, Gujarat
New Delhi : Power Finance Corporation Ltd., India’s largest Non-Banking Financial Company (NBFC) and a Maharatna Central Public Sector Enterprise (CPSE),announced its plans to establish a wholly-owned subsidiary, a Finance company, in International Financial Services Center (IFSC) in GIFT City, Gujarat. This strategic decision aligns with PFC’s vision to diversify its business and maintain its long-term growth trajectory. : Sarkaritel.com
PFC gets Reserve Bank nod to set up finance company in GIFT City
New Delhi : Power Finance Corporation (PFC) on Tuesday received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat. : theprint.in
PFC gets RBI nod to set up wholly-owned finance company in GIFT City
New Delhi : Power Finance Corporation (PFC) on Tuesday received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company. : Business Standard
PFC gets Reserve Bank nod to set up finance company in GIFT City
New Delhi : Power Finance Corporation (PFC) on Tuesday received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat. : Economic Times
RBI allows PFC to set up finance company in GIFT city
New Delhi : The Reserve Bank of India (RBI) on January 9 issued a No Objection letter to Power Finance Company for setting up a finance company in the International Financial Services Centre (IFSC) situated in GIFT City, Gujarat, the company said in an exchange filing. : Moneycontrol.com
India’s Largest NBFC Company PFC To Set Up A Finance Subsidiary In IFSC, GIFT City, Gujarat
New Delhi : Power FiPFC1nance Corporation Ltd., (PFC), India’s largest Non-Banking Financial Company (NBFC) and a Maharatna Central Public Sector Enterprise (CPSE), announced its plans to establish a wholly-owned subsidiary, a Finance company, in International Financial Services Center (IFSC) in GIFT City, Gujarat. : newsonair.com
REC sets Rs.1 lakh crore sanction target for infrastructure space including roads and highways in FY24
New Delhi : REC sets ?1 lakh crore sanction target for infrastructure space including roads and highways in FY24. : Economic Times
Inox Wind receives LoI for 50-MW wind project from NLC India
New Delhi : Inox Wind receives LoI for 50-MW wind project from NLC India. : Economic Times
Premier Energies bags Rs 1,700-cr solar module supply order from NTPC
New Delhi : Premier Energies bags Rs 1,700-cr solar module supply order from NTPC. : Economic Times
Inox Wind bags 50-MW project from NLC India
New Delhi : Wind energy solutions provider Inox Wind on Tuesday said it bagged a 50-MW wind energy project from state-owned NLC India. The project will be executed at the mega Dayapar site in Kutch district of Gujarat, a company statement said. : psuwatch.com
PFC gets RBI nod to set up wholly-owned finance company in Gujarat
New Delhi : Power Finance Corporation (PFC) on Tuesday received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in Gujarat. : psuwatch.com
Coal India begins tranche VII coal auction for NRS, extends FSA tenure to 10 years
New Delhi : Coal India Limited (CIL) has begun tranche-VII of the linkage auction to the non-regulated sector (NRS) within days of completion of tranche-VI. : psuwatch.com
GE Power India gets Rs 10 crore order from NTPC
New Delhi : GE Power India Limited on Tuesday said it received an order worth Rs 10.3 crore from state-owned NTPC. : psuwatch.com
REC organises a conference on financing for roads & highways
New Delhi : REC Limited hosted a conference on ‘Financing for Roads and Highways.’ The objective of the conference was to bring all key stakeholders under one roof and to discuss the financial aspects of the sector. : psuwatch.com
PFC gets NoC to set up finance Company in IFSC GIFT City Gujarat
New Delhi : The Power Finance Corporation of India (PFC) today informed that the company gets the receipt of No Objection letter dated 09th January 2024 from Reserve Bank of India (RBI) for setting up of a Finance Company (as a wholly owned subsidiary) in International Financial Services Centre (IFSC) situated in GIFT City, Gujarat. : psuconnect.in
REC signs 4 MoUs worth Rs 16000 cr
New Delhi : A Navratna company under the Ministry of Power on January 8 signed four memorandum of understanding (MoUs) with the leading road developers of the company as part of the conference on “Financing for Roads & Highways”. : psuconnect.in
REC’s Entry Into Infrastructure Sector
New Delhi : Sh. Vivek Kumar Dewangan, CMD, REC Ltd. delivered the welcome address at the conference on “Financing for Roads & Highways,” organised by REC in New Delhi yesterday. : psuconnect.in
Jakson Infra Commissions 500MVA Project At PGCIL Bikaner-II Substation
New Delhi : Jakson Infra Commissions 500MVA Project At PGCIL Bikaner-II Substation. : saurenergy.com
Global Investors Meet: Adani Group to invest Rs 42,768 crore in Tamil Nadu
New Delhi : Global Investors Meet: Adani Group to invest Rs 42,768 crore in Tamil Nadu. : Economic Times
ReNew inks deal to sell 300 MW solar project to IndiGrid for $199 million
New Delhi : ReNew inks deal to sell 300 MW solar project to IndiGrid for $199 million. : Economic Times
Gujarat’s GIFT City to be one of the top global financial centres in coming years: CM Patel
New Delhi : Gujarat’s GIFT City to be one of the top global financial centres in coming years: CM Patel. : Economic Times
Coal India extends fuel supply agreement tenure for non-regulated sector
New Delhi : Coal India extends fuel supply agreement tenure for non-regulated sector. : Economic Times
Power Mech Projects bags Rs 825 cr order from Mahan Energen
New Delhi : Power Mech Projects bags Rs 825 cr order from Mahan Energen. : Economic Times
Opinion: Wind overtakes coal for electricity generation in Europe: Maguire
New Delhi : Opinion: Wind overtakes coal for electricity generation in Europe: Maguire. : Economic Times
Understanding the True Value of Electricity – Beyond Megawatts
New Delhi : Understanding the True Value of Electricity – Beyond Megawatts. : Economic Times
Raj CM flags power companies’ debt burden, says large portion of budget being spent in repayment
New Delhi : Raj CM flags power companies’ debt burden, says large portion of budget being spent in repayment. : Economic Times
Tuticorin Coal Terminal: NCLAT dismisses plea by Jindal Power
New Delhi : National Company Law Appellate Tribunal (NCLAT) Monday dismissed an appeal by Jindal Power Limited against Mumbai National Company Law Tribunal (NCLT) ruling that disallowed the company from submitting a resolution plan in Tuticorin Coal Terminal’s insolvency process. : Economic Times
Tata Power, Adani lead Rs 6.64 trn funding plans at TN Investor Meet
New Delhi : Driven by mega investment proposals from Tata Power, Adani group, Singapore’s Sembcorp Industries and Leap Green Energy, among others, the two-day Global Investors Meet 2024 in Tamil Nadu is expecting an infusion of around Rs 6.64 trillion. : Business Standard
Centre revises rooftop solar subsidies to amplify clean energy reach
New Delhi : Centre revises rooftop solar subsidies to amplify clean energy reach. : Economic Times
Indian Railways hits 93.83% electrification of broad gauge tracks
New Delhi : Indian Railways hits 93.83% electrification of broad gauge tracks. : Economic Times
Indowind Energy board proposes to issue 2.25 cr convertible warrants
New Delhi : Indowind Energy board proposes to issue 2.25 cr convertible warrants. : Economic Times
Proposed tariff regulations support new power-sector investments: S&P
New Delhi : The proposed power-tariff review regulations for the five-year tariff period starting FY25 support new power-sector investments and credit profiles of entities in the sector, S&P Global Ratings said on Tuesday. : Economic Times
IREDA’s Financial Performance in Spotlight at Jan 20 Board Meeting
New Delhi : INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED has informed BSE today about the Board Meeting to be held on 20 Jan 2024 to consider financial statements for the period ended December 2023. : psuconnect.in
Airtel Business to power 20 million smart meters for Adani Energy Solutions
Gurgoan, Haryana : Airtel Business – the B2B arm of Bharti Airtel, one of India’s leading telecommunications service providers announced that it will power over 20 million smart meters for Adani Energy Solutions Limited (AESL). : psuconnect.in
Govt increases subsidy for residential rooftop solar project
New Delhi : According to a report by the Council on Energy, Environment and Water [CEEW] in November, over 25 crore households across India have the potential to deploy 637 GW of solar energy capacity on rooftops. : psuconnect.in
Airtel Business to power 20 mn smart meters for Adani Energy Solutions
New Delhi : Airtel Business, the B2B arm of Bharti Airtel, on Tuesday announced that it will power over 20 million smart meters for Adani Energy Solutions Ltd (AESL). : Economic Times
Thermal power is back in business as govt makes commitment clear
New Delhi : Punjab bought in January a private coal-fired plant for Rs 1,080 crore and before that Odisha public sector BHEL won a bid to build three such units for some Rs 20,000 crore, showing that withdrawing from thermal power was “premature”. : Business Standard
Gokul Dairy To Build Solar Power Project In Solapur, Maharashtra
New Delhi : Gokul Dairy To Build Solar Power Project In Solapur, Maharashtra. : saurenergy.com
Premier Energies Bags Rs 1700cr Solar Module Order From NTPC
New Delhi : Premier Energies Bags Rs 1700cr Solar Module Order From NTPC. : saurenergy.com
Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India
New Delhi : Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India. : saurenergy.com
Oil and Gas
” New Delhi : Good seating facilities and pure and hygienic drinking water are necessities when you are waiting for your carrier at the bus stand on a long journey.” : Sarkaritel.com
Minister Dharmendra Pradhan commends ONGC’s oil-gas production milestone; lauds India’s energy security, self-reliance
New Delhi : Minister Dharmendra Pradhan commends ONGC’s oil-gas production milestone; lauds India’s energy security, self-reliance. : Economic Times
GAIL and TruAlt Bioenergy Limited officially signed term sheet
New Delhi : Towards a sustainable future, GAIL (India) Limited and TruAlt Bioenergy Limited have officially signed a term sheet. The term sheet outlines GAIL’s equity participation in TruAlt’s joint venture company, Leafinti Bioenergy Limited. : psuconnect.in
Oil India targets 2.5 times rise in revenue by ’30: CMD
New Delhi : Oil India Ltd is targeting to raise its annual revenues two-and-a-half times to Rs 1 lakh crore by 2030, aided by its planned tripling of refining capacity and expansion of exploration activity across the country, its chairman Ranjit Rath has said. : Economic Times
Esha Srivastava (IFS) appointed as JS in Petroleum Ministry
New Delhi : The Appointments Committee of the Cabinet (ACC) has approved the appointment of Esha Srivastava (IFS) as Joint Secretary in the Ministry of Petroleum & Natural Gas (MoPNG). : psuwatch.com
Essar selects final technology partner for Essar Oil UK’s Industrial Carbon Capture facility
New Delhi : Essar Oil UK announces the selection of the final key licensor technology provider, Elessent Clean Technologies’ BELCO gas cleaning technology for the planned EET Industrial Carbon Capture facility based at Stanlow, UK. : Sarkaritel.com
Shell signs 20-yr LNG deal with Ksi Lisims LNG in Canada
New Delhi : Shell signs 20-yr LNG deal with Ksi Lisims LNG in Canada. : Economic Times
Hardeep S. Puri dedicates 17 new CNG stations in Hassan, Karnataka
New Delhi : Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri dedicated the 17 new CNG stations to the people of Hassan. Minister said that, As a result of the firm, decisive & visionary leadership of PM Narendra Modi, including decisions such as gas pricing formula reform, unified tariff regulations and the creation of a national gas grid, India is attracting FDI in the natural gas sector. : psuconnect.in
Essar selects final technology partner for Essar Oil UK’s Industrial Carbon Capture facility
New Delhi : Essar selects final technology partner for Essar Oil UK’s Industrial Carbon Capture facility. : Economic Times
Indian exports may take a $30 billion hit on Red Sea threats
New Delhi : Indian exports may take a $30 billion hit on Red Sea threats. : Economic Times
Analysis: Oil tankers continue Red Sea movements despite Houthi attacks
New Delhi : Analysis: Oil tankers continue Red Sea movements despite Houthi attacks. : Economic Times
Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen
New Delhi : Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen. : Economic Times
Energy firms to test CO2 capture in Brazil undersea oil field
New Delhi : Energy firms to test. CO2 capture in Brazil undersea oil field : Economic Times
Indian refiners set to ask for extra Saudi oil after sharp price cut
New Delhi : Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. : Economic Times
“Almost every household in Hassan will have access to PNG connection”, says Union Minister Hardeep Singh Puri
New Delhi : “Almost every household in Hassan will have access to PNG connection”, says Union Minister Hardeep Singh Puri. : Economic Times
Oil traders are flocking to sanctions-free Venezuela
New Delhi : The cocktail bar in one of the most expensive hotels in Caracas, the capital of Venezuela, is abuzz. A huddle of businessmen, speaking English, are in animated conversation at one table. : Mint
Petrol, Diesel Fresh Prices Announced For January 9: Check Fuel Rates In Your City
New Delhi : Petrol, and Diesel Prices on January 9: There is a decline in the prices of crude oil in the international market today. At around 6 am on Tuesday morning, WTI crude remained almost flat and was being sold at $ 70.94 per barrel. : news18.com
Petrol and diesel prices today stable in Hyderabad, Delhi, Chennai and Mumbai on 09 January, 2024
New Delhi : Petrol and diesel prices today, 09 January, 2024: Petrol and diesel prices today remained stable. Going by the fuel prices at major cities in the country today, the petrol price in Delhi is at Rs. 96.72 per litre and the diesel price at Rs. 89.62. : thehansindia.com
Karnataka petrol pumps to display fuel prices in Kannada from today
Bengaluru : Union Petroleum Minister Hardeep Singh Puri said that from January 10 fuel prices at the petrol outlets in Karnataka will also be displayed in Kannada language. He said this statement while addressing a press conference as part of the ongoing Viksit Bharat Sankalp Yatra. : indiatvnews.com
