20-May-2024
Power
NHPC Net Profit Declines To Rs 611 Crore In Q4
New Delhi : State-owned NHPC Ltd on Friday reported an 18 per cent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues. : NDTV Profit
Naveen Srivastava set to be next Director (Operations) of Power Grid
New Delhi : Naveen Srivastava is set be next Director (Operations) of Power Grid Corporation of India (PGCIL), a Maharatna PSU under the Ministry of Power. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Friday. : psuwatch.com
NHPC net profit declines to Rs 611 crore in Q4
New Delhi : State-owned NHPC Limited on Friday reported an 18 percent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues. : psuwatch.com
Delhi’s power demand crosses 6,800 MW as mercury rises: Discoms
New Delhi : The rising temperature in the national capital pushed the power demand to 6,800 MW, highest this summer, discom officials said. : Economic Times
Brookfield Plans To Invest $500 Million In Leap Green
New Delhi : Brookfield Asset Management Ltd. is planning to invest about $500 million for a majority stake in Indian renewable power firm Leap Green Energy Ltd., according to people familiar with the matter. : NDTV Profit
BDA introduces solar grids in housing projects
Bhubaneswar : The Bhubaneswar Development Authority (BDA) has planned to introduce solar grid power generation system in three of its housing projects that are in different stages of completion in the city. : Times of India
Power supply disrupted in various parts of Chennai due to technical snag at Manali substation
New Delhi : Power supply in several parts of the city was disrupted on Friday morning due to a technical snag in the substation in Manali. The power failure was slowly restored in phases by the officials of Tangedco after more than a hour. : Hindu
NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer
New Delhi : The National Company Law Appellate Tribunal (NCLAT) has allowed Sarda Energy & Minerals (SEML) to seek a final clearance from the bankruptcy court for its offer for SKS Power Generation, setting aside the lower court’s order in October that had asked the committee of creditors (CoC) to reconsider its decision to award the 600 MW power producer to SEML. : Economic Times
Delhi’s peak power demand clocks 6987 MW, highest-ever in the first 18 days of May
New Delhi : Delhi’s peak power demand has clocked this season’s highest. According to the State Load Despatch Center (SLDC) data, it clocked 6987 MW on May 17; the highest ever in the first 18 days of May. : Economic Times
Orient Green Power plans to raise up to Rs 250 crore via rights issue
New Delhi : Orient Green Power Company plans to raise up to Rs 250 crore through issue of equity rights to its existing shareholders. : Business Standard
Module Supply: ReNew, Emmvee, Vikram Solar Win NTPC’s Khavda Tender
New Delhi : Module Supply: ReNew, Emmvee, Vikram Solar Win NTPC’s Khavda Tender. : saurenergy.com
TNERC tells Tangedco to reduce purchase of power at high cost
Chennai : The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved Tangedco’s plan for procurement of power through short-term agreements at a cost ?2,754.93 crore from March-May 2024, to meet the summer demand. : Hindu
Tangedco to send UPI links on WhatsApp to enable easier payments
Chennai : In a move to facilitate easier online bill payment for consumers, the Tamil Nadu Generation and Distribution Corporation (Tangedco) will commence sending UPI payment links through WhatsApp for consumers who use more than 500 units of electricity bimonthly. : New Indian Express
Oil and Gas
GAIL hires LNG ship from CoolCo
New Delhi : State-owned gas utility GAIL (India) Ltd has hired a liquefied natural gas (LNG) carrier from NYSE-listed Cool Company for a 14-year period to augment its transportation capability to meet India’s rising gas needs. : Economic Times
Reliance seeks access to ATF pipelines, storages of PSU oil firms
New Delhi : Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia’s busiest airports. : Business Standard
IOCL exports premium fuel to Sri Lanka
New Delhi : Indian Oil Corporation Ltd. (IOCL) on Saturday exported its first-ever consignment of 100 octane premium fuel, XP100 to Sri Lanka. The product is tailored for premium high-end vehicles. : Hindu
As Russian Discounts fall, Indian Refiners Join Hands to Negotiate Better Terms
New Delhi : As Russian Discounts fall, Indian Refiners Join Hands to Negotiate Better Terms. : Mint
Nayara Energy reports 48% jump in petrol sales in Q1, exports drop
New Delhi : Nayara Energy, India’s largest private fuel retailer, posted a 48 per cent jump in petrol sales in the first quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. : Business Standard
GAIL Hires LNG Ship From CoolCo
New Delhi : Sate-owned gas utility GAIL (India) Ltd has hired a liquefied natural gas carrier from NYSE-listed Cool Company for a 14-year period to augment its transportation capability to meet India’s rising gas needs. : NDTV Profit
IOC exports premium fuel XP100 to Sri Lanka
New Delhi : India’s energy major, Indian Oil Corporation (IOC), exported its first-ever parcel of the superior 100 octane premium fuel, XP100 from Jawaharlal Nehru Port Trust (JNPT), Nava Sheva, Navi Mumbai. : millenniumpost.in
Indian Oil Signs Second Long-term LNG Deal With France’s TotalEnergies
New Delhi : Indian Oil Signs Second Long-term LNG Deal With France’s TotalEnergies. : Mint
Oil firms blamed for ethanol stock pile-up
New Delhi : Ethanol distilleries in the country are faced with high and rising stock of the biofuel amid a demand-supply imbalance that, they allege, is because state-run oil marketing companies (OMCs) are not buying sufficient quantities. : Economic Times
Oil Tanker Hit By Missile Off Coast Of Yemen, AFP Reports
New Delhi : An oil tanker was hit by a missile off the coast of Yemen, Agence France-Presse reported. The vessel was near the Bab el-Mandeb strait about 10 nautical miles (19 kilometers) southwest of the city of Mokha, the report said Saturday, citing maritime security firm Ambrey. : NDTV Profit
Petrol and diesel prices remain stable for 64 days in Chennai
Chennai : In Chennai,the price of petrol and diesel remain unchanged for the past 63 days. Accordingly, one litre of petrol cost Rs 100.75 and diesel costs for Rs 92.34 in the city. : dtnext.in
