30-July-2024

Power

” New Delhi : NTPC Bongaigaon successfully concluded the four-week-long Girl Empowerment Mission (GEM) on July 27, 2024, at its premises. The event was graced by Pradeep Kumar Dwivedi, IAS, District Commissioner, Kokrajhar, who served as the Chief Guest.” : Sarkaritel.com

NTPC townships to become next zero by FY2025-26

New Delhi : State-run NTPC Limited plans to make its townships net zero in Scope-II emissions by FY2025-26. In an investor presentation on Monday, NTPC said that it is planning to have net zero townships by the next fiscal year. : psuwatch.com

Ministry of Power urges southern states to focus on energy efficiency, Mission LiFE

Vijaywada : The Union Ministry of Power’s Bureau of Energy Efficiency (BEE) has urged all State Designated Agencies (SDAs) of Southern States, particularly Andhra Pradesh, to intensify their focus on energy efficiency and Mission LiFE. : New Indian Express

Power Grid planning Rs 40,000-cr subsea interconnection with Middle East in 5 yrs

New Delhi : State-run Power Grid is planning an undersea interconnection worth up to Rs 40,000 crore with countries in the Middle East, a top official said on Monday. : Economic Times

Power Grid planning Rs 40,000 crore subsea interconnection with Middle East in 5 years

New Delhi : State-run Power Grid is planning an undersea interconnection worth up to Rs 40,000 crore with countries in the Middle East, a top official said on Monday. : psuwatch.com

Ministry of Coal reveals plan to reduce imports and boost exports

New Delhi : In a significant shift in the country’s energy landscape, the Ministry of Coal is spearheading a transformative initiative to reduce coal imports and promote coal exports aimed at enhancing domestic coal production, bolstering energy security, and supporting the growth of the coal sector. : theprint.in

Power Grid planning Rs 40,000 cr undersea interconnection with Middle East

New Delhi : State-run Power Grid is planning an undersea interconnection worth up to Rs 40,000 cr with countries in the Middle East, a top official said on Monday. : Business Standard

India generates 61.8 BU renewable energy in 2024-25 up to May 2024: Pralhad Joshi

New Delhi : India generates 61.8 BU renewable energy in 2024-25 up to May 2024: Pralhad Joshi. : Economic Times

JSW Neo Energy bags 192MW hybrid power project

New Delhi : JSW Neo Energy bags 192MW hybrid power project. : Economic Times

BluPine Energy secures $28.6 million funding from Tata Capital for solar project in Chhattisgarh

New Delhi : BluPine Energy secures $28.6 million funding from Tata Capital for solar project in Chhattisgarh. : Economic Times

Gensol Engineering secures Rs 463 crore solar plant project in Gujarat

New Delhi : Gensol Engineering secures Rs 463 crore solar plant project in Gujarat. : Economic Times

India’s power generation capacity rose to 4.46 GW in last decade: Govt

New Delhi : India’s total installed power generation capacity has grown around 80 per cent over the last 10 years to 446,190 MW (4.46 GW) in June 2024, Parliament was informed on Monday. : Business Standard

JSW Energy secures Letter of Intent for 192 MW wind-solar hybrid power project

New Delhi : JSW Energy announced today that its arm JSW Neo Energy has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to set up a 192 MW grid-connected hybrid power project, including an additional 96 MW under the green shoe option. : pv-magazine.com

86% of NTPC’s upcoming coal-based power generation capacity will be AUSC power plants

New Delhi : Days after the Union Budget announced financial support for the setting up of an Advanced Ultra Super Critical (AUSC) thermal power plant by NTPC Limited and BHEL, NTPC has said that AUSC power plants constitute the lion’s share of its under-construction coal-based power generation capacity. : psuwatch.com

Uttar Pradesh Government Grants In-principal Approval to 1200 Megawatt Pumped Storage Power Plant in Sonbhadra

Lucknow : The Uttar Pradesh government has granted in-principal approval for 1200 megawatt pumped storage power plant project of THDC India in the Robertsganj tehsil of Sonbhadra district. : psuconnect.in

NTPC Bongaigaon Leading the Charge in Sustainable Power and Community Empowerment

New Delhi : NTPC Bongaigaon, a prominent power generation unit with an installed capacity of 750 MW, continues to shine as a beacon of sustainable power generation and inclusive stakeholder engagement. : psuconnect.in

Gensol Receives EPC Award For Gujarat’s Khavda RE Power Park

New Delhi : Gensol Receives EPC Award For Gujarat’s Khavda RE Power Park. : saurenergy.com

Oriana Power Receives 10 MW Solar Project From Tamil Nadu

New Delhi : Oriana Power Receives 10 MW Solar Project From Tamil Nadu. : saurenergy.com

Ministry Of Power Advances Energy Efficiency With Enhanced PAT Scheme Implementation

New Delhi : PAT scheme was launched in 2012. To date, 1333 Designated Consumers across thirteen sectors have been given energy conservation targets under the scheme. : orissadiary.com

India’s power generation capacity rose to 4.46 GW in 10 years: MoS Power

New Delhi : India’s power generation capacity rose to 4.46 GW in 10 years: MoS Power. : Economic Times

Advancing 119 projects with sanctioned capital of Rs 1.33 lakh cr to boost output: Coal India

New Delhi : Advancing 119 projects with sanctioned capital of Rs 1.33 lakh cr to boost output: Coal India. : Economic Times

Union Budget FY 25: Advancing Energy Transition, Net Zero 2070, and Inclusive Manufacturing for a Viksit Bharat 2047

New Delhi : Union Budget FY 25: Advancing Energy Transition, Net Zero 2070, and Inclusive Manufacturing for a Viksit Bharat 2047. : Economic Times

Analysis of Budget 2024 on Renewable Energy

New Delhi : Analysis of Budget 2024 on Renewable Energy. : Economic Times

L&T bags new projects in India, overseas for setting up substations, transmission Lines

New Delhi : L&T bags new projects in India, overseas for setting up substations, transmission Lines. : Economic Times

J-K admin approves Rs 400 cr rooftop solar project for govt buildings

Jammu : J-K admin approves Rs 400 cr rooftop solar project for govt buildings. : Economic Times

Adani Energy Solutions likely to divest Dahanu unit to Adani Power

New Delhi : Power transmission and distribution entity Adani Energy Solutions (AESL) is looking to divest its Dahanu power plant to group entity Adani Power, according to people in the know. : Business Standard

Gensol Engineering wins INR 463 crore solar EPC project in Gujarat

New Delhi : Gensol Engineering Ltd announced today that it has received Notification of Award for an INR 463 crore solar plant at Khavda RE Power Park in Rann of Kutch, Gujarat. : pv-magazine.com

Australia set to power India’s clean energy transition

New Delhi : Australia is pulling out all the stops to address India’s critical minerals needs, in the shadow of China’s dominance in the sector. Australia and India have long maintained a friendly rivalry on the cricket pitch. : psuwatch.com

SECI Issues Tender To Establish Solar Project In Ladakh

New Delhi : SECI Issues Tender To Establish Solar Project In Ladakh. : saurenergy.com

Long-planned 186 MW Dikhu hydro project faces foreclosure

Dimapur : The long on the drawing board Dikhu Hydro Electric Project is facing foreclosure pending land settlement. Originally proposed in the 1990s as a 120 MW capacity project, it underwent two modifications, before finally settling for the now in proposal 186 MW. : morungexpress.com

Ministry Of Power Reports Significant Increase In National Power Generation Capacity

New Delhi : The year wise details of total power generation capacity in the Country from 2018-19 to 2024-25 (upto June, 2024) are given at Annexure. : indiaeducationdiary.in

Oil and Gas

” New Delhi : Indian Oil Corporation Ltd (IndianOil) successfully organised the second edition of its ‘Corporate Games’ at the Shree Shiv Chhatrapati Sports Complex in Pune from July 26 to 28, 2024.” : Sarkaritel.com

” New Delhi : Leading city gas distribution (CGD) company Adani Total Gas on Monday reported a robust operational and financial performance in the April-June quarter by achieving a 21 per cent EBITDA (Earnings before Interest, Tax, Depreciation, and Amortisation) growth at Rs 308 crore, on the back of 17 per cent rise in volume.” : Sarkaritel.com

GOVERNMENT INITIATIVES TO REDUCE CRUDE OIL IMPORTS AND ENHANCE HYDROCARBON PRODUCTION

New Delhi : The government has taken various steps to reduce import of crude oil. These inter alia include demand substitution by promoting usage of natural gas as fuel/feedstock across the country towards increasing the share of natural gas in economy and moving towards gas based economy. : Sarkaritel.com

HPCL Q1 result: PAT down 90% at Rs 633.94 cr as refining, fuel margin fall

New Delhi : State-owned Hindustan Petroleum Corporation Ltd (BPCL) on Monday reported a massive 90 per cent drop in net profit in the June quarter, as refinery margins fell and a fuel price reduction slashed marketing margins. : Business Standard

HPCL Q1 FY25 Results: Net profit tumbles 87.5% sequentially

New Delhi : HPCL Q1 FY25 Results: State-run oil marketing company (OMC) Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a standalone net profit of Rs 355.8 crore for the quarter ended June 30, marking a sequential fall of 87.5 per cent and missing analysts’ expectations. Here are key takeaways from HPCL’s financial results for the first quarter of the current financial year. : Zeebiz

Budget 2024 missed opportunity for green hydrogen, say experts

New Delhi : Budget 2024 missed opportunity for green hydrogen, say experts. : Economic Times

Adani Total Gas Q1 results: EBITDA up 21%, volume grows by 17%

New Delhi : Adani Total Gas Q1 results: EBITDA up 21%, volume grows by 17%. : Economic Times

Opinion: Asia’s LNG imports shift higher as Europe’s fades

New Delhi : Opinion: Asia’s LNG imports shift higher as Europe’s fades. : Economic Times

No plan to mandate blending of ethanol with diesel: Govt

New Delhi : No plan to mandate blending of ethanol with diesel: Govt. : Economic Times

India only country where petrol, diesel prices declined in last 3 years: Hardeep Singh Puri

New Delhi : Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said India is the only country where rates of petrol and diesel have come down between November 2021 and April 2024. : Economic Times

Older petroleum product pipeline tariff to rise 17% after PNGRB’s new regulation

New Delhi : Tariffs for older petroleum product pipelines will increase 17% next month and rise 3.4% annually from next year to account for inflation and to ensure a reasonable return to operators, the Petroleum and Natural Gas Regulator Board (PNGRB) has said. : Economic Times

Oil drop over $1 per barrel as Israeli officials work to prevent wider Middle East conflict

New Delhi : Oil prices dropped by over $1 per barrel on Monday following statements from Israeli officials who expressed a desire to prevent a full-scale conflict in the Middle East while addressing a lethal rocket attack in the Israeli-occupied Golan Heights over the weekend. : Mint

Industry Discusses Future Of LNG At Maha LNG Conclave Hosted By Mahanagar Gas Limited

New Delhi : Mahanagar Gas Limited (MGL), one of the largest City Gas Distribution (CGD) companies in India, organised the Maha LNG Conclave at central business district of Bandra Kurla Complex. Attracting a full house of industry stakeholders, the event had the senior leadership from both Mahanagar Gas Limited and Mahanagar LNG Private Limited (MLPL) alongside industry leaders. : indianpsu.com

Q1 FY25: HPCL’s net profit plummets 94%; EPS drops from 31.80% to 2.98%

New Delhi : State-run Hindustan Petroleum Corporation Limited’s (HPCL) standalone net profit dropped 94.3 percent in Q1 of FY25 year-on-year on account of weak Gross Refining Margin (GRM) and high prices of crude oil. : psuwatch.com

Indian Oil organises Corporate Games 2024 at Pune

New Delhi : Indian Oil Corporation Ltd (Indian Oil) has successfully organised the second edition of its ‘Corporate Games’ at the Shree Shiv Chhatrapati Sports Complex in Pune from July 26 to July 28. : psuwatch.com

HPCL net profit declines to Rs 634 crore in Q1 as refining margin dips

New Delhi : Hindustan Petroleum Corporation Limited (HPCL) on Monday reported a consolidated net profit of Rs 634 crore during the first quarter 2024-15 compared to 6,766 crore during 1Q FY24. : Sarkaritel.com

HPCL Q1 Results: Standalone net profit plunges 94% YoY to Rs 356 crore, revenue up 1%

New Delhi : State-owned fuel retailer Hindustan Petroleum Corporation (HPCL) on Monday reported that its standalone net profit fell 94.2% year-on-year (YoY) to Rs 355.80 crore as against Rs 6,203.9 crore reported in the corresponding quarter of the last fiscal year. : Economic Times

HPCL Q1 results: Net profit plunges 90% to Rs 634 crore on weak GRM

New Delhi : Hindustan Petroleum Corporation Limited (HPCL) on July 29 reported consolidated net profit of Rs 633.94 crore for first quarter of financial year 2024-25, a decline of 90.6 percent from the year-ago period. : Moneycontrol.com

Adani Group to commission $4-billion petchem project by next year

New Delhi : Adani Group to commission $4-billion petchem project by next year. : Economic Times

Gruner Renewable Energy bags $60 million to expand biogas operations across India

New Delhi : Gruner Renewable Energy bags $60 million to expand biogas operations across India. : Economic Times

TotalEnergies withdraws from two S.African gas fields

New Delhi : TotalEnergies withdraws from two S.African gas fields. : Economic Times

India to boost refining capacity to 6.19 mln bpd by 2028, says minister

New Delhi : India’s annual refining capacity is projected to rise by about a fifth to a 309.5 million metric ton equivalent to 6.19 million barrels per day by 2028 to meet rising local fuel demand, junior petroleum minister said in a written reply to lawmakers. : Economic Times

Private refiners RIL & Nayara Energy grow local market share as export margins dip

New Delhi : Private sector refiners Reliance Industries (RIL) and Russia’s Rosneft-backed Nayara Energy are doubling down on the Indian fuel market as export margins have fallen sharply. : Economic Times

Nigeria allows state oil firm sales in local currency to mega refinery

New Delhi : Nigeria’s government gave approval on Monday for state oil company NNPC Ltd to sell crude in the naira currency to the mega Dangote refinery effective immediately to help ease foreign exchange pressure. : Mint

Adani Total Gas Q1 results: PAT up 15% to Rs 172 cr on strong CNG demand

New Delhi : Adani Total Gas reported a jump in first-quarter profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher. : Business Standard

India only country where petrol, diesel prices declined: Petroleum min Puri

HPCL Q1 results, net profit plunges 90 percent

New Delhi : State-owned Hindustan Petroleum Corporation Ltd on Monday reported a significant fall of 90 per cent in net profit of the June quarter. : psuconnect.in

HPCL and BPCL to go Ex-Dividend in August, final equity dividend declared

New Delhi : Oil Marketing Companies and major PSUs, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd shares will go ex-dividend on August 9, 2024. : psuconnect.in

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 29

New Delhi : Petrol, Diesel Prices Today On July 29, 2024: Oil marketing companies (OMCs) announce fuel prices at 6 am on a daily basis. The OMCs adjust prices in response to global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers are always informed about the latest fuel costs. : news18.com