12-Apr-2024
Power
NLCIL celebrates 15th Public Sector Day
New Delhi : The 15th Public Sector Day was observed by NLCIL on April 10, 2024, at a function held at the lawns of its Corporate Office, Neyveli. : psuconnect.in
Chhattisgarh, Uttar Pradesh lead coal capacity expansion: Global Energy Monitor
New Delhi : Chhattisgarh, Uttar Pradesh lead coal capacity expansion: Global Energy Monitor. : Economic Times
SEMA calls for policy reform to boost domestic solar production, citing dependence on China
New Delhi : SEMA calls for policy reform to boost domestic solar production, citing dependence on China. : Economic Times
DIPAM rejects PFC-REC debt resolution proposal for KSK Mahanadi project
New Delhi : The Department of Investment and Public Asset Management (DIPAM) has turned down Power Finance Corporation (PFC) and REC Ltd’s proposal for a debt resolution plan for the beleaguered 1,800-MW KSK Mahanadi Power Company project. : Economic Times
IREDA celebrates legacy: past leaders share vision for future
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) on the occasion of “Public Sector Day” hosted a remarkable gathering April 10, bringing together its predecessors and superannuated employees in a special event aimed at celebrating the organisation’s legacy and projecting a path forward for continued success. : psuwatch.com
ReNew Crosses 10 GW of Gross Renewable Energy Assets
New Delhi : Renew, one of the largest clean energy companies in the world, announced on Wednesday that it has completed the construction of 1.94 GW of renewable energy assets in the fiscal year 2024, which brings the company’s cumulative capacity to over 10 GW. : psuconnect.in
India doubles new coal fired power capacity in 2023
New Delhi : India doubles new coal fired power capacity in 2023. : Economic Times
ReNew hits 10 GW capacity milestone, adds 1.94 GW in FY24
New Delhi : ReNew hits 10 GW capacity milestone, adds 1.94 GW in FY24. : Economic Times
Adani Electricity showcases green energy with rooftop solar and battery storage
New Delhi : Adani Electricity showcases green energy with rooftop solar and battery storage. : Economic Times
Adani Green’s Khavda power plant world’s largest, 5 times the size of Paris
New Delhi : A narrow airstrip that doesn’t even have an air traffic controller to guide incoming airplanes and whose only infrastructure is a portable toilet and a make-shift office in a container in the midst of miles of barren land bordering Pakistan is an unlikely gateway to the world’s largest renewable energy park. : Business Standard
ReNew crosses 10 GW of gross renewable energy assets
New Delhi : ReNew announced this week that it completed construction of 1.94 GW of renewable energy assets (1,174 MW of solar and 768 MW of wind energy) in FY 2023-24, taking the cumulative capacity set up by the company to over 10 GW. : pv-magazine.com
DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project
New Delhi : The Department of Investment and Public Asset Management (DIPAM) has rejected Power Finance Corporation and REC Ltd’s proposal for a debt resolution plan for the 1,800-MW KSK Mahanadi Power project. : psuconnect.in
Oil and Gas
Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta
New Delhi : Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta. : Economic Times
Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts: Vitol CEO Russell Hardy
New Delhi : Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts: Vitol CEO Russell Hardy. : Economic Times
China, India top buyers of Russian seaborne fuel oil, VGO in Feb, LSEG data shows
New Delhi : China, India top buyers of Russian seaborne fuel oil, VGO in Feb, LSEG data shows. : Economic Times
Opec Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast
New Delhi : Opec Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast : Mint
PM Modi claims sugarcane by-products reduced dependency on fossil fuels
New Delhi : Prime Minister Narendra Modi on Thursday said that India is rapidly reducing its dependence on fossil fuels, and in that mission, sugarcane by-products have been of immense help. : Mint
Mundra Petrochemicals places chlor-alkali project order with Nuberg
New Delhi : Nuberg EPC announced on Thursday that Mundra Petrochemicals has commissioned the global EPC and turnkey project management company to set up a capacity of 2,200 tonnes per day chlor-alkali project in Gujarat. : Business Standard
Crude realisation: Oil’s slick grip threatens corporate margins, profits
New Delhi : Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices. : Business Standard
Oil’s rise complicates global war on inflation
New Delhi : Oil’s on the boil, and India’s finances wouldn’t look that pretty if fuel-stoked infl ation rearers its ugly head. A Morgan Stanley study showed if global crude oil prices rise to $110-120 a barrel in the next 3-4 months due to supply or geopolitical concerns, India’s infl ation fi ght could stretch. : Economic Times
Morgan Stanley hikes Q3 outlook to $94 on geopolitical tensions as Brent hovers over $90/bbl
New Delhi : Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. : Mint
Brent crude hovers around $90 a barrel as inflation concerns persist
New Delhi : Global benchmark Brent hovered around $90 a barrel on Thursday as persistent inflation dampened rate cut optimism in the short term, but stayed near six-month highs as investors braced for a potential attack on Israeli interests by Iran. : Business Standard
India extends deadline for submission of R&D proposals under National Green Hydrogen Mission
New Delhi : The Ministry of New & Renewable Energy (MNRE), Government of India, has extended the deadline for submission of R&D proposals under the National Green Hydrogen Mission, to April 27, 2024. : pv-magazine.com
OMC stocks rally as oil slips below $90 mark, Green trend on row for PSU shares
New Delhi : In Wednesday’s trading session, three oil marketing companies (OMCs) – Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), and Indian Oil Corporation Ltd (IOC) – witnessed a surge of up to 5% in their shares. : psuconnect.in
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 11
New Delhi : Petrol and Diesel Prices On April 11, 2024: Today, on 11 April, new petrol and diesel rates have been released across the country. Every day at 6 am, government oil companies release new prices of petrol and diesel in the country. : news18.com
