01-May-2024
Power
” New Delhi : The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the quarter & year ended 31st March 2024. ” : Sarkaritel.com
REC logs highest annual profit of Rs 14K crore on lower stressed assets
New Delhi : REC Ltd, which is one of the leading non-banking financial companies (NBFC) in the energy sector, has registered its highest ever annual profit during the financial year 2023-24, owing to a reduction in stressed assets and diversification into newer business areas. : Business Standard
REC Q4 results: Net profit climbs 33% to Rs 4,079 crore
New Delhi : State-owned REC Ltd on April 30 reported a net profit of Rs 4,079.09 crore for the quarter ending March 31, 2024, which is about 33 percent higher as compared to the year-ago period. : Moneycontrol.com
” New Delhi : Public sector hydropower giant NHPC Ltd has signed a Memorandum of Understanding with Ocean Sun, a Norwegian company operating as a technology provider to the floating solar industry.” : Sarkaritel.com
Sterlite Power bags projects worth Rs 2,500 crore in Q4
New Delhi : Sterlite Power bags projects worth Rs 2,500 crore in Q4. : Economic Times
NHPC signs MoU with Ocean Sun to advance floating solar technology in India
New Delhi : NHPC signs MoU with Ocean Sun to advance floating solar technology in India. : Economic Times
KEC International secures new orders worth Rs. 1,036 crores across multiple business segments
New Delhi : KEC International secures new orders worth Rs. 1,036 crores across multiple business segments. : Economic Times
REC fourth quarter net profit up 33 per cent at Rs 4,079 cr
New Delhi : REC fourth quarter net pr.ofit up 33 per cent at Rs 4,079 cr : Economic Times
Kundan Green Energy to build 42 MW Hydropower plant in Uttarakhand
New Delhi : Kundan Green Energy to build 42 MW Hydropower plant in Uttarakhand. : Economic Times
IOC to invest Rs 5,215 cr to build 1GW renewable energy capacity
New Delhi : Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, plans to invest Rs 5,215 crore to build 1 gigawatt (GW) of renewable energy capacity in the country. : Economic Times
NTPC tenders EPC package for 260 MW solar in Rajasthan
New Delhi : NTPC Renewable Energy Ltd has invited domestic bids to develop a 260 MW grid-connected solar PV project in the Bikaner district of Rajasthan on a turnkey basis. : pv-magazine.com
REC ANNOUNCES FINANCIAL RESULTS FOR Q4 & 12M FY24: HIGHEST EVER ANNUAL NET PROFIT AT ? 14,019 CR
Mumbai : The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the quarter & year ended 31st March 2024. : globalgreenews.com
REC Limited Declares Financial Results, Records Highest Ever Annual Net Profit
New Delhi : The Board of Directors of REC Limited, a Maharatna Central Public Sector Undertaking and leading NBFC under the Ministry of Power, today approved the audited standalone and consolidated financial results for the quarter and year ended 31st March, 2024. : indianpsu.com
REC Limited declares financial results, records highest ever annual net profit
New Delhi : The Board of Directors of REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, today approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2024. : psuconnect.in
NTPC Group installed capacity crosses 76GW solar power mark
New Delhi : According to exchange filing made by the company, State-owned power giant NTPC Group’s installed power generation capacity has crossed the 76 GW-mark with commissioning of a 57-MW solar power energy capacity in Rajasthan. : psuconnect.in
NTPC-REL Releases Tender For 260 MW Solar Project At Bikaner
New Delhi : NTPC-REL Releases Tender For 260 MW Solar Project At Bikaner. : saurenergy.com
NTPC Plans To Use Solar For Crematorium On A Pilot Basis
New Delhi : NTPC Plans To Use Solar For Crematorium On A Pilot Basis. : saurenergy.com
REC Q4 Results: Net profit jumps 33% to to Rs 4,079 cr on core income, provision write-back
New Delhi : Infrastructure financier REC on Tuesday reported a 33 per cent rise in its consolidated net profit to Rs 4,079 crore in the March quarter, helped by a healthy growth in core income and a provision write-back. : Economic Times
REC Q4 Results: Net profit grows 33% to Rs 4,079 crore
New Delhi : REC Q4 Results: State-owned REC Ltd on Tuesday posted a 33 per cent rise in its consolidated net profit to Rs 4,079.09 crore during the March quarter on account of higher income. : Zeebiz
KPI Green Energy secures 74.3 MW solar projects
New Delhi : KPI Green Energy secures 74.3 MW solar projects. : Economic Times
NTPC Group installed capacity crosses 76GW mark; begins operation of 57-MW Rajasthan Solar Project
New Delhi : NTPC Group installed capacity crosses 76GW mark; begins operation of 57-MW Rajasthan Solar Project. : Economic Times
Kerala govt urges residents to conserve electricity amid rising power consumption
THIRUVANANTHAPURAM : Kerala govt urges residents to conserve electricity amid rising power consumption. : Economic Times
NHPC, Norwegian entity Ocean Sun to explore opportunities in domestic solar sector
New Delhi : NHPC, Norwegian entity Ocean Sun to explore opportunities in domestic solar sector. : Economic Times
Sterlite Power bags Rs 2500 cr worth orders in Q4; FY24 wins surge 35% YoY
New Delhi : Sterlite Power on Tuesday announced securing new orders worth Rs 2,500 crore during the quarter ended March 31. : Business Standard
NHPC Limited To Collaborate With Norwegian Company For Implementation Of Floating Solar Energy Technology In India
New Delhi : NHPC Limited, the largest organization for hydropower development in India, has signed a Memorandum of Understanding with M/s Ocean Sun, a Norwegian company operating as a technology provider to the floating solar industry. : indianpsu.com
REC net profit grows 33% to Rs 4,079 crore in Q4 FY’24
New Delhi : REC Limited on Tuesday posted a 33 percent rise in its consolidated net profit to Rs 4,079.09 crore during the March quarter on account of higher income. : psuwatch.com
SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
New Delhi : SJVN Limited bid a warm farewell to Smt. Geeta Kapur, Chairman & Managing Director and Director (Personnel), SJVN at a function held at Corporate Headquarters in Shimla. : psuconnect.in
CERC Orders Compensation To NTPC Over ‘Change Of Law’ Event
New Delhi : CERC Orders Compensation To NTPC Over ‘Change Of Law’ Event. : saurenergy.com
KPI Green Energy Receives New Order For 74.30 MW Solar Project
New Delhi : KPI Green Energy Receives New Order For 74.30 MW Solar Project. : saurenergy.com
FY24: REC Ltd Reports 125% Jump In Sanctions For Solar Projects
New Delhi : FY24: REC Ltd Reports 125% Jump In Sanctions For Solar Projects. : saurenergy.com
26 companies queue up for KSK Mahanadi power project
New Delhi : JSW Energy, Jindal Power, Adani Power, Swan Energy, Vedanta, Coal India and NTPC are among 26 companies that have shown interest in acquiring debt-ridden 1,800 MW KSK Mahanadi power project. : Economic Times
BHEL partners HIMA West Asia FZE, Dubai for railway signalling business
New Delhi : State-owned engineering firm Bharat Heavy Electricals (BHEL) on Tuesday announced that it has entered into a strategic partnership agreement with HIMA West Asia FZE, Dubai for railway signalling business. : Business Standard
Oil and Gas
IOC Q4 results: Indian Oil Corporation net profit halves, declares ?7 dividend
New Delhi : Indian Oil Corporation (IOC) on Tuesday reported halving of its March quarter net profit on fuel price cut and loss in the petrochemical segment. : Hindustan Times
IOC dividend 2024: Indian Oil announces Rs 7/share payout—check out record date, payment date
New Delhi : IOC dividend 2024 record date, IOC dividend payment date: Indian Oil Corporation (IOCL), the state-owned oil marketing company (OMC) on Tuesday, April 30 announced a Rs 7 per equity share dividend along with its fourth quarter (Q4 FY24) numbers. : Zeebiz
Hydrogen markets soar towards transparent future amid global growth
New Delhi : Hydrogen markets soar towards transparent future amid global growth. : Economic Times
Canada’s first new oil pipeline in decades starts operating
New Delhi : Canada’s first new oil pipeline in decades starts operating. : Economic Times
India’s Chennai Petroleum sees two year delay in building new 180,000 bpd refinery
New Delhi : India’s Chennai Petroleum sees two year delay in building new 180,000 bpd refinery. : Economic Times
India cuts windfall tax on petroleum crude
New Delhi : India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with effect from May 1, the government said on Tuesday. : Economic Times
Adani Total Gas Q4 Results: Net profit rises 71% to ?168 crore; EBITDA up 47% YoY
New Delhi : Adani Total Gas Q4 Results: Adani Total Gas announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, April 30. : Mint
IOC Q4 Results: Net profit drops 40% QoQ to ?4,838 crore; declares dividend of ?7
New Delhi : Indian Oil Corporation (IOC) on Tuesday reported a 40% drop in its standalone net profit at ?4,837.69 crore for the fourth quarter of FY24. : Mint
Govt cuts windfall tax on petroleum crude to Rs 8,400 per MT from May 1
New Delhi : India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with effect from May 1, the government said on Tuesday. : Business Standard
India buys more oil from Russia, less from Iraq, Saudi Arabia in April
New Delhi : India in April imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, preliminary data from trade flow tracking agencies Kpler and LSEG shows. : Business Standard
Indian Oil net profit halves in Q4 on fuel price cut, petrochemical woes
New Delhi : Indian Oil Corporation Limited (IOCL) on Tuesday reported halving of its March quarter net profit largely because of losses in the petrochemical business and shrinking margin after it announced a pre-election fuel price cut despite rising input costs. : psuwatch.com
Indian Oil posts 52 pc dip in Q4 net profit amid sharp rise in crude oil cost
New Delhi : Indian Oil Corporation Limited (IOCL) on Tuesday reported a 52 per cent decline in consolidated net profit at Rs 4,837 crore for the January-March quarter. : Sarkaritel.com
Indian Oil quarterly profit falls 52% on inventory losses, lower fuel prices
New Delhi : Indian Oil Corporation (IOC) reported a 52 per cent fall in fourth-quarter profit on Tuesday, on inventory losses and as the company sold fuel below market prices. : Indian Express
Indian Oil Q4 Results: Profit Falls 40%, Margin Contracts 250 Basis Points
New Delhi : Indian Oil Corp.’s standalone net profit fell 40% sequentially in the fourth quarter of financial year 2024, missing analysts’ estimates. : NDTV Profit
Indian Oil Q4FY24 results: Net profit falls 49% to Rs 5,148 crore
New Delhi : Indian Oil Corporation Limited on Tuesday reported a 49.96 per cent year-on-year fall in consolidated net profit at Rs 5,148.87 crore for the quarter that ended on March 31 in financial year 2023-24 (Q4FY24). : Business Standard
India buys more Russian, less Saudi oil in April, data shows
New Delhi : India buys more Russian, less Saudi oil in April, data shows. : Economic Times
BP appoints Kartikeya Dube as India head
New Delhi : BP appoints Kartikeya Dube as India head. : Economic Times
India’s oil import bill could swell to USD 101-104 bn in FY25: ICRA
New Delhi : India’s oil import bill could swell to USD 101-104 bn in FY25: ICRA. : Economic Times
IOC to invest Rs 5,215 cr to build 1GW renewable energy capacity
New Delhi : Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, plans to invest Rs 5,215 crore to build 1 gigawatt (GW) of renewable energy capacity in the country. : Economic Times
India buys more Russian, less Saudi oil in April
New Delhi : India in April imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, preliminary data from trade flow tracking agencies Kpler and LSEG shows. : Economic Times
India revises windfall tax to Rs 8,400 per tonne, effective May 1
New Delhi : The centre Tuesday revised Windfall tax on domestically produced crude oil to Rs 8,400 per tonne, down from Rs 9,600 per tonne. The export duty on petrol diesel and aviation turbine fuel (ATF) will continue to be nil. : Economic Times
India’s oil import bill could rise to $101-104 billion in FY25, says ICRA report
New Delhi : India’s net oil import bill could touch $101-104 billion in FY25 if the current low discounts on purchases of Russian crude persist, ICRA said in its report on India’s oil imports. : Mint
BackBack Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl
New Delhi : Oil prices extended losses and fell one per cent on Tuesday, April 30, on the back of rising US crude production, as well as discussions of an Israel-Hamas ceasefire. : Mint
Adani Total Gas Q4 results: Profit rises 59% to Rs 165 cr, revenue up at 5%
New Delhi : Adani Total Gas Ltd, the city gas retailing joint venture of Adani group and TotalEnergies of France, on Tuesday reported a 59 per cent rise in March quarter net profit on the back of a surge in CNG sales volumes. : Business Standard
India’s oil import bill could swell to $101-104 billion in FY25: ICRA
New Delhi : India’s net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said on Tuesday. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 30
New Delhi : Petrol and Diesel Prices On April 30, 2024: Indian oil marketing companies update petrol and diesel prices every day at 6 am. New fuel prices have also been released for 30 April 2024 (Tuesday). : news18.com
Scientist hails commercial feasibility of Saudi Arabian hydrogen city plan
New Delhi : Benefiting from abundant reserves of natural gas, Saudi Arabia can readily produce hydrogen through processes like steam methane reforming (SMR), paving the way for immediate hydrogen city development while building up green hydrogen production capabilities, said Alberto Boretti, a New Zealand-based independent scientist. : pv-magazine.com
IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
New Delhi : State-owned Indian Oil Corporation has released its quarter-end financial results, reporting a 52% fall in its standalone net profit at Rs 4,838 crore for the March quarter. It reported a profit of Rs 10,059 crore in the corresponding period of last year. : psuconnect.in
