24-July-2024
Power
NTPC Coal Mining Headquarters distributes desktop computers at Blind School
New Delhi : As part of promoting computer skill training among young and specially challenged, NTPC Coal Mining Headquarters, Ranchi under its CSR initiative in association with Swayamsiddha Ladies Club distributed two no.s of desktop computers to St Michael Blind school, residential school for specially challenged children with visual impairment. : psuconnect.in
‘Countdown to Budget 2024’: India poised to supercharge green sector with fresh tax incentives
New Delhi : ‘Countdown to Budget 2024’: India poised to supercharge green sector with fresh tax incentives. : Economic Times
Budget 2024: Modi govt powers up India’s green energy revolution, embraces nuclear energy
New Delhi : Budget 2024: Modi govt powers up India’s green energy revolution, embraces nuclear energy. : Economic Times
Budget proposals to play catalyst role for growth of the Indian solar sector: Industry players
New Delhi : Budget proposals to play catalyst role for growth of the Indian solar sector: Industry players. : Economic Times
Budget 2024: Solar energy’s allocation rises by massive 110 per cent
New Delhi : Budget 2024: Solar energy’s allocation rises by massive 110 per cent. : Economic Times
Suzlon Group Q1 PAT nearly trebles to Rs 302 crore
New Delhi : Suzlon Group Q1 PAT nearly trebles to Rs 302 crore. : Economic Times
Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25
New Delhi : The government in the Budget presented on Tuesday retained nearly 14 per cent rise in capital investment of Rs 67,286.01 crore proposed in the interim document by eight state-owned power companies for this fiscal. : Economic Times
Budget 2024: Nuclear energy to drive India’s Viksit Bharat’s new power mix
New Delhi : The Indian government announced a significant push for nuclear energy, partnering with private firms to develop small and modular nuclear reactors. : Economic Times
Transitioning to a green future: Budget 2024 underlines energy security
New Delhi : With energy security being one of the nine priorities of the NDA government in their Budget planning, Finance Minister Nirmala Sitharaman on Tuesday announced a series of policies related to green energy, new clean technologies and climate action. : Business Standard
Gensol Engineering wins bid for 150 MWp of solar projects in Gujarat
New Delhi : Gensol Engineering Ltd, a solar power engineering, procurement, and construction (EPC) services and electric mobility solutions provider, has emerged as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with total EPC revenue of around INR 600 crore ($71.7 million). : pv-magazine.com
Budget 2024 gives big policy boost to India’s energy transition, spells out priorities
New Delhi : The Budget 2024-25 has laid out a multi-pronged roadmap for India’s energy transition journey, placing efficient thermal power plants, Pumped Storage Projects (PSPs), nuclear energy, a roadmap for hard-to-abate industries and a taxonomy for climate finance as priorities. : psuwatch.com
Shares of NTPC, BHEL settle higher on Budget JV announcement
New Delhi : Shares of NTPC and BHEL ended higher on Tuesday after Finance Minister Nirmala Sitharaman said that the state-owned enterprises in the joint venture will set up 800 MW supercritical thermal power plants with higher efficiency. : psuwatch.com
Budget 2024: Govt aims to mop-up Rs 50,000 crore from PSU disinvestment, asset monetisation in FY25
New Delhi : The Central government is aiming to collect Rs 50,000 crore from disinvestment and asset monetisation, said Tuhin Kanta Pandey, Secretary for the Department of Investment and Public Asset Management (DIPAM). : psuwatch.com
CIL boosts capacity with 35 operational FMC projects, plans Rs 27,750 crore investment
New Delhi : CIL boosts capacity with 35 operational FMC projects, plans Rs 27,750 crore investment. : Economic Times
Solar installed capacity increased by over 25 times between 2014 to 2023
New Delhi : Solar installed capacity increased by over 25 times between 2014 to 2023. : Economic Times
From solar to nuclear: Budget 2024 paves way for India’s energy transformation
New Delhi : From solar to nuclear: Budget 2024 paves way for India’s energy transformation. : Economic Times
Budget 2024: Rs 6,250 cr allocated to PM Suryaghar Muft Bijli Yojana
New Delhi : Budget 2024: Rs 6,250 cr allocated to PM Suryaghar Muft Bijli Yojana. : Economic Times
‘Boost for green energy’: Govt enhances financial aid for biomass pellet manufacturing
New Delhi : ‘Boost for green energy’: Govt enhances financial aid for biomass pellet manufacturing. : Economic Times
Gensol Engineering wins bid for 116 MW solar projects in Gujarat worth ?600 crore
New Delhi : Gensol Engineering wins bid for 116 MW solar projects in Gujarat worth ?600 crore. : Economic Times
Budget announces support for 800 MW Advanced Ultra Supercritical coal based power plant
New Delhi : The Union budget for 2024-25 announced a support scheme for setting up 800 MW coal-based power plants through the newest Advanced Ultra Supercritical (AUSC) technology. : Economic Times
Budget proposes 800-MW power plant based on advanced ultra super critical tech
New Delhi : The Union Budget for FY25 proposed to set up an 800-MW advanced ultra super critical technology-based power plant through a joint venture between government-owned NTPC Ltd and Bharat Heavy Electricals Ltd, promoting indigenous technology with higher efficiency. : Economic Times
Budget 2024: Govt to rope in private sector to set up small nuclear reactors
New Delhi : Union finance minister Nirmala Sitharaman on Tuesday announced that the government will support research and development (R&D) of small modular reactors (SMR) to increase the share of nuclear power in India’s energy basket. : Mint
Budget 2024-25: India introduces duty on solar glass imports, exempts equipment for solar cell and module production
New Delhi : The union minister for finance and corporate affairs, Nirmala Sitharaman, departs from Ministry of Finance to Rashtrapati Bhavan and Parliament House, along with the Ministers of State for Finance, Pankaj Chaudhary, as well as her Budget Team to present the Union Budget 2024-25. : pv-magazine.com
Govt retains 14% rise in capital investment of Rs 67,000 crore by 8 power PSUs in FY’25
New Delhi : The Government in the Budget presented on Tuesday retained nearly 14 percent rise in capital investment of Rs 67,286.01 crore proposed in the interim document by eight state-owned power companies for this fiscal. : psuwatch.com
Budget 2024: Govt Imposes New Customs Duty On Solar Glass
New Delhi : Budget 2024: Govt Imposes New Customs Duty On Solar Glass. : saurenergy.com
Gensol Engineering wins bid for 116 MW (150 MWp) of solar projects in Gujarat
Mumbai : Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), a pioneer in solar power engineering, procurement, and construction (EPC) services and electric mobility sector, has emerged as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with approx. EPC revenue of INR 600 Crores. : psuconnect.in
Oil and Gas
BPCL Launches Innovative Drone Reforestation Project to Revitalize Nashik’s Lands
Nashik : Bharat Petroleum Corporation Limited (BPCL), a leading Maharatna PSU, proudly announces a transformative reforestation initiative in the Nashik District of Maharashtra. : psuconnect.in
IOCL Recruitment 2024: New Notification Out for Various Posts, Apply Online
New Delhi : IOCL Recruitment 2024: Indian Oil Corporation Ltd. (IOCL) is seeking applications from suitable and willing applicants for the posts of Junior Engineering, Engineering Assistant and Technical Attendant. : psuconnect.in
OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
New Delhi : Oil India Limited (OIL), India’s oldest oil and gas company and the youngest Maharatna CPSE signed a contract with Dolphin Drilling Limited, Norway, a leading drilling contractor for the offshore oil & gas industry, for the hiring of the ‘Anchor Moored Semi-Submersible Drilling Unit Blackford Dolphin’ on July 22, 2024, in Delhi. : psuconnect.in
MRPL slides as Q1 PAT slumps 94% YoY to Rs 66 cr; GRM drops to $4.70/barrel
New Delhi : Mangalore Refinery & Petrochemicals (MRPL) slipped 3.26% to Rs 207.75 after it reported 93.53% drop in standalone net profit to Rs 65.57 crore in Q1 FY25 from Rs 1,012.74 crore recorded in Q1 FY24. : Business Standard
India’s fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use
New Delhi : India’s fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use. : Economic Times
Energean to invest $1.2 bln to develop Israel Katlan gas project
New Delhi : Energean to invest $1.2 bln to develop Israel Katlan gas project. : Economic Times
India’s fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use
New Delhi : India’s fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use. : Economic Times
Centre drops plan to infuse Rs 15,000-crore equity in OMCs
New Delhi : The government has dropped plans to infuse Rs 15,000 crore equity in Indian Oil, Bharat Petroleum, and Hindustan Petroleum as state oil marketing companies have turned profitable. : Economic Times
Oil India stock gains 3% on signing pact with Norway’s Dolphin Drilling
New Delhi : Oil India stock ahead of Budget 2024:Shares of Oil India soared as much as 2.90 per cent to hit an intraday high of Rs 571.10 per share on Tuesday, July 23. : Business Standard
Budget 2024: Govt allocates ?1.19 lakh crore for petroleum and natural gas, focus on strategic reserves and infrastructure
New Delhi : Budget 2024: Govt allocates ?1.19 lakh crore for petroleum and natural gas, focus on strategic reserves and infrastructure. : Economic Times
After bumper profits, govt scraps Rs 30,000 cr capital support to oil cos
New Delhi : After bumper profits, govt scraps Rs 30,000 cr capital support to oil cos. : Economic Times
Oil price continues to drop amidst growing ceasefire hope, demand concerns
New Delhi : Oil prices fell for a third consecutive session on Tuesday, as growing expectations of a ceasefire in Gaza and demand concerns offset potential September interest-rate cuts and supply threats from Canadian wildfires. : Business Standard
Crude oil strategy for Budget 2024 day: WTI eyes breakout, next target: $82
New Delhi : Oil prices extended selloff on Monday to settle at six weeks low, on concern that global economic slowdown will choke the incremental crude oil demand. Meanwhile, US political uncertainty increased after President Biden, on Sunday, dropped out of the presidential race and endorsed Vice President Harris. : Business Standard
BPCL launches innovative drone reforestation project to revitalize Nashik’s lands
New Delhi : Bharat Petroleum Corporation Limited (BPCL) on Tuesday announced a transformative reforestation initiative in the Nashik District of Maharashtra. : psuwatch.com
Budget 2024: Govt aims to mop-up Rs 50,000 crore from PSU disinvestment, asset monetisation in FY25
New Delhi : The Central government is aiming to collect Rs 50,000 crore from disinvestment and asset monetisation, said Tuhin Kanta Pandey, Secretary for the Department of Investment and Public Asset Management (DIPAM). : psuwatch.com
MRPL Q1FY25 results, PAT stood at Rs 66 cr
New Delhi : The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and Schedule “A” Mini Ratna Category I Company during its 264th Meeting held on July 22, 2024, approved the financial results for the first quarter (Q1 FY 2024-25) ended June 30, 2024. : psuconnect.in
