25-Jan-2024
Power
REC Limited assigned to be nodal agency for rooftop solar installation under PMSY
New Delhi : The public sector unit is designated to be the nodal agency under the initiative scheme of PMSY to provide rooftop solar systems in 1 crore households for which the PSU would lend up to Rs 1.2 lakh crore in the sector of green energy. : psuconnect.in
REC shares jump nearly 8% after quarterly earnings announcement
New Delhi : Shares of REC jumped nearly 8 percent on Wednesday a day after the state-owned company posted a 13.5 percent rise in its profit at Rs 3,308.42 crore for the December quarter. : psuwatch.com
REC targets 10 million rooftop solar installations, to lend ?1.2 trillion under Pradhan Mantri Suryodaya Yojana
New Delhi : REC targets 10 million rooftop solar installations, to lend ?1.2 trillion under Pradhan Mantri Suryodaya Yojana. : Economic Times
Cabinet gives Coal India go-ahead for two projects worth Rs 24,835
New Delhi : The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved two major projects to be taken up by Coal India Ltd (CIL) involving a total investment of Rs 24,834.86 crore. : Sarkaritel.com
Adani Group to invest in various public sectors of Nepal: Minister
New Delhi : Nepal Finance Minister Ram Sharan Mahat has said that Adani Group will invest in various public sectors in Nepal including airports and energy sector. : Sarkaritel.com
King coal set to lose crown for electricity production: IEA
New Delhi : King coal set to lose crown for electricity production: IEA. : Economic Times
CESC seeks to acquire 50,000 acres land in Rajasthan, Gujarat for green energy push
New Delhi : CESC seeks to acquire 50,000 acres land in Rajasthan, Gujarat for green energy push. : Economic Times
Supreme Court upset over registry not listing matter related to Adani Power despite order
New Delhi : Supreme Court upset over registry not listing matter related to Adani Power despite order. : Economic Times
SAEL Secures $1 Billion For Solar, Other Renewables
New Delhi : SAEL Secures $1 Billion For Solar, Other Renewables. : saurenergy.com
Uttarakhand Chief Minister Wants All State-Buildings To Be Powered By Solar Panels
New Delhi : Uttarakhand Chief Minister Wants All State-Buildings To Be Powered By Solar Panels. : saurenergy.com
Sembcorp Awarded 450MW Wind-Solar Hybrid Project In India
New Delhi : Sembcorp Awarded 450MW Wind-Solar Hybrid Project In India. : saurenergy.com
Karnataka to Enable Peer-to-Peer Solar Energy Trading Using Blockchain
New Delhi : Karnataka to Enable Peer-to-Peer Solar Energy Trading Using Blockchain. : mercomindia.com
India’s electricity demand set to grow fastest among major economies, global demand rises: IEA
New Delhi : India’s electricity demand set to grow fastest among major economies, global demand rises: IEA. : Economic Times
Growth in low-emissions power expected to cover demand – IEA
New Delhi : Growth in low-emissions power expected to cover demand – IEA. : Economic Times
Siemens Energy posts forecast-beating Q1 results on project shifts
New Delhi : Siemens Energy posts forecast-beating Q1 results on project shifts. : Economic Times
CG Power and Industrial clocks Q3 standalone PAT at Rs 216.47 cr
New Delhi : CG Power and Industrial clocks Q3 standalone PAT at Rs 216.47 cr. : Economic Times
Hitachi Energy India posts multi-fold rise in Q3 net profit at Rs 23 cr
New Delhi : Hitachi Energy India posted a multi-fold jump in its net profit at Rs 23 crore for the quarter ended December 31, 2023 on higher revenues. : Economic Times
Public Power Corp to invest 9 bln eur in renewables, grid upgrade by 2026
New Delhi : Public Power Corp to invest 9 bln eur in renewables, grid upgrade by 2026. : Economic Times
Envision Energy and AM Green sign MOU for wind turbine manufacturing and green hydrogen projects in India
New Delhi : Envision Energy and AM Green sign MOU for wind turbine manufacturing and green hydrogen projects in India. : Economic Times
Need policy for agri-diversification into energy to bridge economic gap: Nitin gadkari
New Delhi : Need policy for agri-diversification into energy to bridge economic gap: Nitin gadkari. : Economic Times
SJVN to set up 360 MW solar project in Bhuj, Gujarat
New Delhi : SJVN Limited owned SJVN Green Energy Limited (SGEL) has signed a contract agreement for the Balance of System (BoS) of 360 MW Solar Power Project with Solar World Energy Solutions Private Limited, Noida. : psuwatch.com
Sembcorp Industries arm bags 450MW wind-solar hybrid power project
New Delhi : Sembcorp Industries arm bags 450MW wind-solar hybrid power project. : Economic Times
Q3 Results: JSW’s Renewable Generation Rose By 71%
New Delhi : Q3 Results: JSW’s Renewable Generation Rose By 71%. : saurenergy.com
SunSource Commissions 75 MW Open Access Solar project iIn Karnataka
New Delhi : SunSource Commissions 75 MW Open Access Solar project iIn Karnataka. : saurenergy.com
GUVNL’s 500 MW Wind-Solar Hybrid Auction
New Delhi : GUVNL’s 500 MW .Wind-Solar Hybrid Auction : mercomindia.com
JSW Energy’s Profit Rises 29% on Renewables Strength in Q3 FY24
New Delhi : JSW Energy’s Profit Rises 29% on Renewables Strength in Q3 FY24. : mercomindia.com
Jindal Power quits race to acquire Lanco Amarkantak
New Delhi : In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings. : Economic Times
Oil and Gas
” New Delhi : Among the Endosulfan-affected areas of the twin districts, defective limbs are noted in significant numbers among the affected. Apart from other perennial health issues, these victims suffer from deformed and undergrown limbs. District Health and Family Welfare Department recommended assistance and effective steps to reduce the suffering of those in dire situations.” : Sarkaritel.com
IndianOil records ?34,781 crore net profit in April-December 2023
New Delhi : IndianOil records ?34,781 crore net profit in April-December 2023. : Economic Times
Cabinet approves Rs 8,500 crore scheme to boost Coal Gasification projects
New Delhi : The Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the scheme for promotion of Coal Gasification projects of public sector undertakings and private sector companies with an outlay of Rs 8,500 crore for providing incentives under three categories. : Sarkaritel.com
ONGC gets govt nod for green energy, gas unit
New Delhi : ONGC gets govt nod for green energy, gas unit. : Economic Times
Indian Oil Q3 net profit jumps multi-fold at Rs 9,225 crore on healthy marketing margins
New Delhi : Indian Oil Corporation Limited (IOCL) on January 24 reported consolidated net profit of Rs 9,224.85 crore for the third quarter of financial year 2023-24, a multi-fold increase from Rs 890.28 crore reported last year. : Moneycontrol.com
IOC reports Rs 8,063 crore profit in Q3; stock rises over 4%
New Delhi : Indian Oil Corporation Ltd (IOC) reported a multifold rise in standalone profit to Rs 8,063 crore in the December 2023 quarter against Rs 448.01 crore in the December 2022 quarter. However, profit fell 38% from Rs 12,967.32 crore sequentially. : Business Today
Crude oil futures gain on spot demand
New Delhi : Crude oil futures gain on spot demand. : Economic Times
IOC Q3 results: Oil major reports massive jump in net profit at ?8,063 cr
New Delhi : The company reported a standalone net profit of ?8,063.39 crore in October-December 2023-24. This was higher than ?448.01 crore profit in the same period a year ago but lower than ?12,967.32 crore earnings in the preceding three months quarter ending in September. : Hindustan Times
Oil demand in Asia, Africa boosted by cheap Russian crude: Maguire
New Delhi : Oil demand in Asia, Africa boosted by cheap Russian crude: Maguire. : Economic Times
Indian Oil Q3 profit soars to Rs 8,063 crore; 9-month numbers top best-ever annual earning
New Delhi : Indian Oil Corporation Limited (IOCL) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. : psuwatch.com
Red Sea turmoil sends economic shockwaves far and wide
New Delhi : Red Sea turmoil sends economic shockwaves far and wide. : Economic Times
GAIL Embarks First US LNG Cargo Sails to India, Boosting Energy Security
New Delhi : Gas Authority of India Limited (GAIL India) Urja LNG vessel embarked on its first laden voyage from Cove Point, USA, to the shores of India on January 22, 2024. : psuconnect.in
ONGC to setup a new subsidiary for its gas business and clean energy projects
New Delhi : The Oil refinery public sector unit, Oil and Natural Gas Corporation (ONGC) is going to set up a new subsidiary unit to accommodate its gas business and clean energy projects such as green hydrogen. : psuconnect.in
IOC Q3 net profit soars to Rs 8,063 cr, on road to best-ever annual earning
New Delhi : Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. : Business Standard
Indian Oil Q3 net surges 18-fold to ?8,063 crore, revenue dips
New Delhi : State-owned Indian Oil Corporation reported third-quarter standalone net profit surged 18-fold to ?8,063.39 crore, from ?448.01 crore in the year-earlier period even as revenue from operations declined marginally. : Hindu
IOC Q3 Results: Net profit jumps to ?8,063 crore on healthy marketing margins
New Delhi : Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. : Mint
Russia’s Novatek resumes fuel loadings at damaged Ust-Luga terminal
New Delhi : Russia’s Novatek resumes fuel loadings at damaged Ust-Luga terminal. : Economic Times
IOC Q3 net profit rises to ?9,220.85 cr
New Delhi : State-run Indian Oil Corp. Ltd (IOC) on Wednesday reported a multifold increase in its consolidated net profit for the October-December quarter at ?9,220.85 crore. : Mint
Indian petroleum export earnings hit as Red Sea conflict intensifies
New Delhi : The intensifying conflict in the Red Sea has started taking a toll on India’s overseas sales of petroleum products, a key contributor to India’s export growth — after several ships were forced to take a much longer route to deliver fuels to western markets, according to shipping data and industry officials. : Business Standard
A petrol, diesel price cut could be coming your way soon. Here’s why
New Delhi : A fuel price cut could be coming your way soon. The marketing margins on retail sales of auto fuels for the Indian oil marketing companies (OMCs) have improved in the recent weeks with reduction in crude prices, said a report by ICRA. : Business Today
Adani Group to invest in various public sectors of Nepal: Minister
New Delhi : Nepal Finance Minister Ram Sharan Mahat has said that Adani Group will invest in various public sectors in Nepal including airports and energy sector. : Sarkaritel.com
Envision Energy and AM Green sign MOU for wind turbine manufacturing and green hydrogen projects in India
New Delhi : Envision Energy and AM Green sign MOU for wind turbine manufacturing and green hydrogen projects in India. : Economic Times
Budget 2024: Navigating India’s hydrogen challenge for Sustainable Energy Future
New Delhi : Budget 2024: Navigating India’s hydrogen challenge for Sustainable Energy Future. : Economic Times
BP set to name Thomson permanent CFO, completing top management reshuffle
New Delhi : BP set to name Thomson permanent CFO, completing top management reshuffle. : Economic Times
Oil prices dip on weak demand, strong dollar
New Delhi : Oil prices dip on weak demand, strong dollar. : Economic Times
India on course to become main driver of incremental oil use by 2030
New Delhi : India’s petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030. : Economic Times
Oil prices rise on US crude withdrawal, China economic stimulus; Brent nears $80/bbl
New Delhi : Oil prices edged up on Wednesday as a bigger-than-expected US crude storage withdrawal, Chinese economic stimulus and geopolitical tensions countered concerns over tepid demand. : Mint
RK Singh discusses pathways to accelerate use of green hydrogen in iron & steel sector
New Delhi : The Union Minister for Power and New and Renewable Energy RK Singh chaired a meeting of government and industry stakeholders of the iron and steel sector in New Delhi on Thursday. : psuwatch.com
PSU, private players to boost gas from coal with new govt scheme
New Delhi : The Cabinet chaired by Prime Minister Shri Narendra Modi approved the scheme for the promotion of Coal/Lignite Gasification Projects of Government PSUs and the Private Sector with an outlay of Rs.8,500 crore towards incentives for coal gasification projects under three categories. : psuconnect.in
Will oil giants’ Q3 profit margin fall..see what the report says
New Delhi : Seeing the market report, the Oil Marketing Companies’ diesel marketing margins sharply declines to Rs 0.5 per litre. : psuconnect.in
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On January 24
New Delhi : Petrol, Diesel Prices Today On January 24, 2024: Every morning at 6 am, the prices of petrol and diesel are revealed, regardless of whether they are undergoing fluctuations or remaining stable. This daily occurrence is driven by oil marketing companies (OMCs) adjusting prices based on international crude oil prices and foreign exchange rates. : news18.com
