16-May-2024
Power
Power Finance Corporation posts 18 pc rise in Q4
New Delhi : Government-owned Power Finance Corporation (PFC) on Wednesday reported an 18.4 per cent increase in net profit at Rs 4,135 crore for the Jan-March quarter of 2023-24 compared to the same period of the previous financial year. : Sarkaritel.com
” New Delhi : NTPC Talcher Thermal inaugurates its flagship Corporate Social Responsibility (CSR) initiative, the “Girl Empowerment Mission 2024” on 14th May, 2024. This one-month long initiative aims to support 40 young girls from 8 government schools covering 4 gram panchayats by providing them with access to quality education, Health, life skills training, and mentorship opportunities. ” : Sarkaritel.com
Power Finance Corporation Q4 result: Net profit up 23% at Rs 7,556 cr
New Delhi : Power Finance Corporation (PFC) on Wednesday reported a consolidated net profit of Rs 7,556 crore for the March quarter of the financial year 2023-24 (FY24), marking an over 23 per cent year-on-year (Y-o-Y) jump, mainly on the back of expansion of loan portfolio. : Business Standard
PFC Q4 results: Net profit up 18% at Rs 4,135 crore; dividend declared
New Delhi : Power Finance Corporation (PFC) on has reported an 18.4 percent year-on-year jump in net profit at Rs 4,135 crore in the March quarter. : Moneycontrol.com
SAIL’s Bhilai Steel Plant to install solar energy systems in plant premises, township, reservoir
New Delhi : SAIL’s Bhilai Steel Plant to install solar energy systems in plant premises, township, reservoir. : Economic Times
Coal’s share in India’s power generation capacity drops below 50% for 1st time since 1960s
New Delhi : Coal’s share in India’s power generation capacity drops below 50% for 1st time since 1960s. : Economic Times
Siemens’ India arm to list energy business into separate entity
New Delhi : Siemens’ India arm to list energy business into separate entity. : Economic Times
KPI Green Energy board okays plan to raise up to Rs 1,000 cr
New Delhi : KPI Green Energy board okays plan to raise up to Rs 1,000 cr. : Economic Times
Shift to Green: 71.5% of India’s Q1 13,669 MW from renewables, coal below 50% for 1st time in decades
New Delhi : Shift to Green: 71.5% of India’s Q1 13,669 MW from renewables, coal below 50% for 1st time in decades. : Economic Times
Siemens March qtr net profit up 74 pc at Rs 896 cr
New Delhi : Siemens March qtr net profit up 74 pc at Rs 896 cr. : Economic Times
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
New Delhi : India Ratings and Research on Wednesday maintained a neutral outlook for the power sector, noting that thermal PLFs (plant load factor or capacity utilisation) will remain healthy amid demand-supply mismatch in FY25. : Economic Times
PFC examining RBI’s draft norms on project financing, sees no impact on profitability
New Delhi : State-run Power Finance Corporation (PFC), the country’s largest lender to the power sector, said the Reserve Bank’s recent draft guidelines on infrastructure project financing will not impact its profitability. : Economic Times
Coal share in India’s installed power capacity drops below 50%
New Delhi : India added ‘record’ 13,669 MW of power generation capacity in the Jan-Mar period of this year (2024), with renewable energy contributing 71.5%. : pv-magazine.com
India to add more than 15 GW of renewable energy capacity annually in FY 2025 and FY 2026: India Ratings
New Delhi : India Ratings and Research (Ind-Ra) expects India’s annual renewable capacity addition to remain at 15-18 GW in FY 2025 and FY 2026. : pv-magazine.com
ReNew secures $1 billion from European bank Societe Generale
New Delhi : ReNew, a NASDAQ-listed renewable energy company in India, has secured debt financing from European bank Societe Generale to support the development of its various strategic energy transition projects both in India and globally. : pv-magazine.com
NTPC Talcher Thermal Launches Flagship CSR Initiative ‘Girl Empowerment Mission’ To Support Girls’ Education And Development
New Delhi : NTPC Talcher Thermal inaugurates its flagship Corporate Social Responsibility (CSR) initiative, the ‘Girl Empowerment Mission 2024’ on 14th May, 2024. : indianpsu.com
NTPC Talcher launches ‘Girl Empowerment Mission’ to support girls’ education & development
New Delhi : NTPC Talcher Thermal inaugurates its flagship corporate social responsibility (CSR) initiative, the “Girl Empowerment Mission 2024” on May, 14. : psuwatch.com
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
New Delhi : India Ratings and Research (Ind-Ra) on Wednesday maintained a neutral outlook for the power sector, noting that thermal PLFs (plant load factor or capacity utilisation) will remain healthy amid demand-supply mismatch in FY’25. : psuwatch.com
KPI Green Energy Approves Fundraising Proposal Worth Rs 1,000 crore
New Delhi : KPI Green Energy Approves Fundraising Proposal Worth Rs 1,000 crore. : saurenergy.com
MNRE Issues Order To Simplify Solar Park Documentation
New Delhi : MNRE Issues Order To Simplify Solar Park Documentation. : saurenergy.com
PFC Q4 Results: Cons PAT jumps 20% YoY to Rs 5,624 crore; revenue up 20%
New Delhi : State-run Power Finance Corporation (PFC) on Wednesday reported a consolidated net profit of Rs 5,624 crore for the quarter ended March 31, 2024, up 20% against Rs 4,677 crore reported in the corresponding quarter of the last financial year. : Economic Times
NLC INDIA’s Net Profit for the Financial Year 2023-24 Jumps 31%
New Delhi : The key highlights of the Year ended 31.03.2024 are as follows: All time Highest ever Coal & Lignite Production of 36.32 MT : Sarkaritel.com
Repsol in talks to sell a slice of its renewable business, sources say
New Delhi : Repsol in talks to sell a slice of its renewable business, sources say. : Economic Times
Thermal plant load factors to approach 70% in FY25 amid high demand: Ind-Ra
New Delhi : Thermal plant load factors to approach 70% in FY25 amid high demand: Ind-Ra. : Economic Times
Amplus commissions 73.4 MWp solar project in UP
New Delhi : Amplus commissions 73.4 MWp solar project in UP. : Economic Times
Nepal to ensure electricity export to India and Bangladesh: President Paudel
New Delhi : Nepal to ensure electricity export to India and Bangladesh: President Paudel. : Economic Times
NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income
New Delhi : State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. : Business Standard
Thermal PLFs to remain healthy amid power demand-supply mismatch: Ind-Ra
New Delhi : India Ratings and Research on Wednesday maintained a neutral outlook for the power sector, noting that thermal PLFs (plant load factor or capacity utilisation) will remain healthy amid demand-supply mismatch in FY25. : Business Standard
Indian scientists design lead-free perovskite solar cell with 23.61% efficiency
New Delhi : Researchers from Chiktara University in India claim to have succeeded in improving the stability and performance of organic-inorganic perovskite solar cells by applying a strategy called bandgap grading. : pv-magazine.com
POWER FINANCE CORPORATION REGISTERS HIGHEST ANNUAL PROFIT IN FY 2023-24: CMD HAILS FINANCIAL RESULTS
New Delhi : The Power Finance Corporation announced its financial results for the financial year 2023-24, at an event held in Mumbai today, May 15, 2024. : globalgreenews.com
Power Finance Corporation Announces Financial Results For 2023-24, Registers Highest Annual Profit
New Delhi : Power Finance Corporation (PFC) announced its financial results for the financial year 2023-24, at an event held in Mumbai today, May 15, 2024. : indianpsu.com
NLC India net profit declines 86% to Rs 114 crore in Q4
New Delhi : State-owned NLC India Ltd on Wednesday reported 86.2 percent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. : psuwatch.com
PFC PAT zooms 25 percent in FY24; net NPA at its lowest
New Delhi : State-run non-banking financial company PFC Limited has posted a rise of 18.41 percent in standalone Profit after Tax (PAT) year-on-year in Q4 of FY2023-24 at Rs 4,135.45 crore. : psuwatch.com
PFC Q4 results, PAT jumps 20% YoY to Rs 5,624 cr
New Delhi : Power-sector PSU Power Finance Corporation (PFC) has announced its quarterly results FY 2024 and reported loan growth of 14 per cent year-on-year to Rs 4.81 lakh crore. : psuconnect.in
GIB Row: CERC Grants Compensation To PFC In Case Involving Adani Green
New Delhi : GIB Row: CERC Grants Compensation To PFC In Case Involving Adani Green. : saurenergy.com
SJVN, Hero Future Energies Sign PPA For 120 MW AP Solar Project
New Delhi : SJVN, Hero Future Energies Sign PPA For 120 MW AP Solar Project. : saurenergy.com
SAIL’s Bhilai steel plant to install solar energy systems in premises
New Delhi : Bhilai Steel Plant (BSP) has decided to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai. : Business Standard
NTPC Talcher Thermal Launches Flagship CSR Initiative ‘Girl Empowerment Mission’
New Delhi : Talcher Thermal: NTPC Talcher Thermal inaugurates its flagship Corporate Social Responsibility (CSR) initiative, the “Girl Empowerment Mission 2024” on 14th May 2024. : psuconnect.in
Oil and Gas
Govt cuts windfall tax on petroleum crude to Rs 5,700 per MT from May 16
New Delhi : India has cut the windfall tax on petroleum crude to Rs 5,700 ($68.34) per metric tonne from Rs 8,400 with effect from May 16, according to a notification issued on Wednesday. : Business Standard
Qatar eyes more long-term gas supply deals this year
New Delhi : Qatar eyes more long-term gas supply deals this year. : Economic Times
Opinion: India oil demand driven by consumers rather than industry
New Delhi : Opinion: India oil demand driven by consumers rather than industry. : Economic Times
Thermax sees green hydrogen, chemicals as key investment areas
Mumbai : With a strong push for green hydrogen production, electrolyzer manufacturers have come under increased focus. Industrial machines maker Thermax sees green hydrogen, produced by splitting water molecules in an electrolyzer using green energy. : Mint
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 15
New Delhi : Petrol, Diesel Prices Today On May 15, 2024: Oil marketing companies (OMCs) update petrol and diesel prices every morning at 6 am. These adjustments reflect changes in global crude oil prices and foreign exchange rates, keeping you informed about daily fuel cost variations. : news18.com
Two sanctioned tankers with Russian fuel oil discharge in China, data shows
New Delhi : Two sanctioned tankers with Russian fuel oil discharge in China, data shows. : Economic Times
From barren to bountiful: India’s plan for green hydrogen from biomass
New Delhi : From barren to bountiful: India’s plan for green hydrogen from biomass. : Economic Times
Refinery capacity in India set for 24 mtpa increase by FY26, driven by stable demand: Ind-Ra
New Delhi : Refinery capacity in India set for 24 mtpa increase by FY26, driven by stable demand: Ind-Ra. : Economic Times
OPEC sees 5.8% increase in April crude prices; steady global oil demand expected in 2024
New Delhi : OPEC sees 5.8% increase in April crude prices; steady global oil demand expected in 2024. : Economic Times
India slashes windfall tax to Rs 5,700 per tonne, effective May 16
New Delhi : The centre on Wednesday slashed windfall gains tax on domestically produced crude to Rs 5,700 per tonne from earlier Rs 8,400 per tonne. : Economic Times
India’s diesel shipments to Europe slip 20% as US, Gulf supplies rise
New Delhi : India’s diesel exports to Europe fell by a fifth sequentially in April as rising competition from US and Gulf suppliers amid softening demand in the continent weakened margins on the fuel. : Economic Times
Oil prices rebound from 2-month low on bullish US macro data against weak IEA forecast; Brent nears $83/bbl
New Delhi : International crude oil prices rebounded on Wednesday, May 15 from a two-month low level earlier in the session as the market balanced somewhat bullish US economic and storage data against a 2024 forecast for weaker global oil demand growth from the Paris-based International Energy Agency (IEA). : Mint
The Hydrogen Stream: India extends bidding for second round of electrolyzer incentives
New Delhi : Solar Energy Corp. of India (SECI) has extended bidding for setting up 1.5 GW of electrolyzer manufacturing capacity in India under the second round of the government’s Strategic Interventions for Green Hydrogen Transition (SIGHT) program. : pv-magazine.com
