20-July-2024
Power
” New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement with the Indian Red Cross Society in the presence of Vivek Kumar Dewangan, Chairman and Managing Director; VK Singh, Director (Projects); Harsh Baweja, Director (Finance) and other senior officials of REC.” : Sarkaritel.com
” New Delhi : Uttam Lal, Director (Personnel), NHPC Limited has been conferred with coveted ET HR World Future Skills L&D Leaders Gold Award 2024 in individual Awards Category.” : Sarkaritel.com
REC commits Rs 10 crore for mobile medical units under its ‘Doctor Aapke Dwaar’ initiative
New Delhi : REC Limited will extend financial support of Rs 10 crore for procuring and deploying nine mobile medical units (MMUs) for various districts in Punjab and Rajasthan under its flagship initiative “Doctor Aapke Dwaar.” : psuwatch.com
REC COMMITS RS. 10 CR FOR MOBILE MEDICAL UNITS UNDER ITS FLAGSHIP INITIATIVE – DOCTOR AAPKE DWAAR
Gurgoan, Haryana : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement with the Indian Red Cross Society in the presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director; Shri VK Singh, Director (Projects); Shri Harsh Baweja, Director (Finance) and other senior officials of REC. : globalgreenews.com
REC commits Rs. 10 Crore for Mobile Medical Units under its flagship initiative ‘Doctor Aapke Dwar’
New Delhi : REC Limited , a Maharatna CPSE and a leading NBFC under the Ministry of Power has signed a Memorandum of Understanding with the Indian Red Cross Society. : psuconnect.in
KPI Green Energy gets new 100 MW hybrid project
New Delhi : KPI Green Energy gets new 100 MW hybrid project. : Economic Times
Union Coal Minister reviews Coal India’s operations in Kolkata visit
New Delhi : The Union Minister of Coal and Mines G Kishan Reddy visited Coal India’s corporate office in Kolkata. At the outset, the Minister paid floral tributes at the Martyr’s memorial and planted saplings at the corporate office, reaffirming Coal India’s commitment to green mining. : psuwatch.com
What The Renewable Industry Expects From Union Budget?
New Delhi : What The Renewable Industry Expects From Union Budget? : saurenergy.com
Rooftop Solar: MNRE To Incentivize Discoms For Performance
New Delhi : Rooftop Solar: MNRE To Incentivize Discoms For Performance. : saurenergy.com
REC Commits Rs. 10 Cr For Mobile Medical Units Under Its Flagship Initiative – Doctor Aapke Dwaar
New Delhi : REC, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement with the Indian Red Cross Society in the presence of Vivek Kumar Dewangan, Chairman and Managing Director; VK Singh, Director (Projects); Harsh Baweja, Director (Finance) and other senior officials of REC. : Business World
India to expand rooftop solar with $240.5 million from ADB
New Delhi : India to expand rooftop solar with $240.5 million from ADB. : Economic Times
Global electricity demand to surge by 4% annually till 2025; renewables to outdo coal by 2025: IEA
New Delhi : Global electricity demand to surge by 4% annually till 2025; renewables to outdo coal by 2025: IEA. : Economic Times
Sinopec to build 10,000 solar power stations by 2027
New Delhi : Sinopec to build 10,000 solar power stations by 2027. : Economic Times
JSW Energy Q1 results: PAT jumps 80% to Rs 522 cr on higher thermal biz
New Delhi : JSW Energy on Friday posted an 80 per cent jump in its net profit at Rs 522 crore in the April-June quarter, mainly due to higher profitability in thermal business and incremental contributions from renewables. : Business Standard
Khattar chairs review meeting on power sector, urban missions
New Delhi : Union Minister Manohar Lal Khattar here on Friday chaired a review meeting on the power sector and urban missions with Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu. : psuwatch.com
KPI Green Energy gets new 100 MW hybrid project
New Delhi : KPI Green Energy on Friday said it has secured an order for 100 MW hybrid energy project from Aether Industries. : psuwatch.com
Haryana: No need to share cost of electricity transformers as govt eases norms
New Delhi : In a move, primarily aimed at providing relief to the farming community, now no fee will be charged for replacement and repair of electricity transformers. : psuwatch.com
NTPC Wins three Awards at ETHRWorld Future Skills Awards 2024
New Delhi : NTPC Ltd, the country’s largest integrated power company, has been honoured with three prestigious awards at the Economic Times (ETHRWorld) Future Skills Awards 2024. : psuconnect.in
HPPCL Issues Tender For 13 MW Solar Project In Solan
New Delhi : HPPCL Issues Tender For 13 MW Solar Project In Solan. : saurenergy.com
India’s electricity demand may surge by eight per cent this year: IEA
New Delhi : With demand for electricity in India expected to surge by a massive eight per cent this year, the world’s demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and increasing uptake of technologies that run on electricity such as EVs and heat pumps, a new report by the International Energy Agency (IEA) said on Friday. : Sarkaritel.com
Nepal, India, Bangladesh to sign tripartite power trading deal on July 28
New Delhi : Nepal, India, Bangladesh to sign tripartite power trading deal on July 28. : Economic Times
India will be ‘engine of green energy growth’: MNRE minister Joshi
New Delhi : India will be the engine of green energy growth for the world as the the country is expected to have an installed electrolyser manufacturing capacity of up to 100 GW by 2030, Union Minister Pralhad Joshi said on Friday. : Business Standard
Oil and Gas
” New Delhi : Saloma Yomdo assumed the position of Director (Exploration & Development) at Oil India Limited (OIL), the country’s oldest oil and gas company and the youngest Maharatna CPSE under the Government of Indiaon 19.07.2024.” : Sarkaritel.com
” New Delhi : In a continued endeavourto uplift the lives of prison inmates and juveniles, Shrikant Madhav Vaidya, Chairman, IndianOil launched Phase VIII of IndianOil’s ‘Parivartan – Prison to Pride’ and Phase V of ‘Nayi Disha – Smile for Juvenile’ today.” : Sarkaritel.com
BPCL Q1 Results: Net profit falls 73% to ?2,841.55 crore, revenues remain unchanged
New Delhi : State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday reported a 73 per cent drop in its net profit in the June quarter as refinery margins dropped and a fuel price reduction slashed marketing margins. : Mint
ONGC Videsh to pay Equinor $60 million for stake in Caspian Sea oil assets
New Delhi : India ONGC Videsh has signed a $60 million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG) oil field in the Caspian sea and linked pipeline, the Indian company said on Friday. : Business Standard
Indian Oil capex at Rs 8,500 crore in Q1, ONGC’s Rs 8,000 crore
New Delhi : Indian Oil Corporation spent about ?8,500 crore and ONGC ?8,000 crore in capital expenditure in the first quarter of this financial year, using up about a quarter of their annual spending budget. : Economic Times
India slashes crude oil imports by 5.1 per cent, ramps up processing amid global price surges
New Delhi : India slashes crude oil imports by 5.1 per cent, ramps up processing amid global price surges. : Economic Times
Brazil’s PPSA ups revenue expectation for upcoming oil auction
New Delhi : Brazil’s PPSA ups revenue expectation for upcoming oil auction. : Economic Times
ONGC Videsh to acquire stake in ACG oil field, Azerbaijan
New Delhi : ONGC Videsh Limited, a schedule “A” Navaratna Central Public Sector Enterprise, has announced the signing of a definitive Sale Purchase Agreement (SPA) to acquire a stake in Azerbaijan’s prestigious Offshore Azeri Chirag Gunashli (ACG) oil field from Equinor ASA. : Economic Times
Digboi refinery’s capacity to reach 1 million tonnes under PM Modi’s aatmanirbhar Assam vision: Minister Sonowal
New Delhi : The Union Minister of Ports, Shipping and Waterways and Member of Parliament for Dibrugarh Lok Sabha constituency, Sarbananda Sonowal, was sworn in as ex-officio members of Digboi and Makum municipalities. : Economic Times
Reliance Q1 Results: Net profit declines 5.4% y-o-y to ?15,138 crore: Revenues improve 12% y-o-y
New Delhi : Reliance Industries Limited (RIL) on Friday reported a dip in net profit for the April-June quarter due to a weaker performance in its key oil-to-chemicals (O2C) business, where margins narrowed despite better demand. : Mint
BPCL Q1 results: Consolidated net profit falls 73% to Rs 2,842 crore
New Delhi : State-owned oil marketing company (OMC) BPCL on Friday reported a consolidated net profit of Rs 2,841.5 crore in the April-June quarter (Q1) of FY25, recording a 73.2 per cent dip compared to Rs 10,644 crore in the corresponding quarter of FY24. : Business Standard
Upstream oil companies bat for tweaking tax regime in Union Budget
New Delhi : Oil and gas companies in the exploration and production (E&P) sector have sought a broad reduction in the tax levied on older oil blocks and exemption from customs duty on a larger set of imports in pre-Budget discussions. : Business Standard
BPCL reports net profit of Rs 3,015 crore in Q1 FY’25
New Delhi : Bharat Petroleum Corporation Limited (BPCL) has posted a net profit of Rs. 3,014.77 crores in April – June 2024 (Q1), as compared to the profit of Rs 10,550.88 crores in the corresponding period of FY 2023-24. : psuwatch.com
ONGC Videsh signs USD 60-mn deal to increase stake in ACG oil field & BTC pipeline
New Delhi : ONGC Videsh Limited, the overseas arm of Oil & Natural Gas Corporation (ONGC), has signed a definitive Sale Purchase Agreement (SPA) for directly acquiring 0.615 percent Participating Interest (PI) in offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Norway-based energy major Equinor. : psuwatch.com
Green Hydrogen: By 2030, India will likely have electrolyzer capacity of 60-100 GW, says Joshi
New Delhi : By 2030, it is likely India shall have installed electrolyzer capacity of 60 GW-100 GW, said Union Minister for New and Renewable Energy Pralhad Joshi on Friday as he inaugurated Ohmium’s state-of-the-art electrolyser manufacturing facility in Karnataka. : psuwatch.com
BPCL Q1 Results: net profit fell by 28.6% to Rs 3,015 crore
New Delhi : State-owned Bharat Petroleum Corporation Ltd. announces the first quarterly financial results where profit fell by 28.6%. : psuconnect.in
Indian crew member of capsized oil tanker dies: Officials
New Delhi : Indian crew member of capsized oil tanker dies: Officials. : Economic Times
Moody’s affirms stable outlook for BPCL, IOCL
New Delhi : Moody’s affirms stable outlook for BPCL, IOCL. : Economic Times
New reservoir tested at Assam’s Dirok gas field with 6 mscf of gas per day: Hardeep Puri
New Delhi : Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday announced a major milestone achieved at the Dirok Field, located in the ON-94/1 block at Margarita in the Tinsukia district of Assam. : Economic Times
Lower fuel cracks, tepid global demand and new refineries impacted Reliance’s core O2C business: Mukesh Ambani
New Delhi : Mukesh Ambani owned-Reliance Industries’ core business Oil to Chemical (O2C) while releasing quaterly results declared that lower fuel cracks, tepid global demand and new refineries are some of the major reasons that impacted the conglomerate in the oil and gas sector. : Economic Times
BPCL Q1 results: Net profit declines 71% to Rs 3,015 cr on higher costs
New Delhi : India’s Bharat Petroleum Corp (BPCL) reported a plunge in first-quarter profit on Friday, weighed down by lower marketing margins and higher raw material costs. : Business Standard
RIL Q1 net profit drops 5.5% on weak showing by oil-to-chemicals biz
New Delhi : Oil-to-telecom conglomerate Reliance Industries Limited (RIL) reported a 5.5 per cent year-on-year (Y-o-Y) decline in consolidated profit (attributable to the owners) to Rs 15,138 crore for the April-June period (Q1) of 2024-25. : Business Standard
BPCL observes Swachhata Pakhwada at Patna Zoo
New Delhi : BPCL collaborated with Sanjay Gandhi Biological Park, Patna, to observe Swachhata Pakhwada at Patna Zoo. The Oil PSU has made this official announcement through social media posts. : psuconnect.in
