01-Aug-2024
Power
BHEL piles up Rs 211 crore loss in April-June quarter
New Delhi : Engineering giant Bharat Heavy Electricals Ltd (BHEL) on Wednesday reported a net loss of Rs 211 crore for the April-June quarter of 2024-25. The company had also recorded a net loss of Rs 205 crore in the same quarter last year. : Sarkaritel.com
RECPDCL hands over NERGS-I Power Transmission Limited to Techno Electric
New Delhi : RECPDCL hands over NERGS-I Power Transmission Limited to Techno Electric. : Economic Times
Power Grid Corp projects capex guidance of over ?2 lakh crore by 2032; stock hits 3% upper circuit
New Delhi : Power Grid Corporation Share Price: Power Grid Corporation’s share price hit over three upper circuits on Tuesday, July 30, after the state-owned power transmitter raised its capex (capital expenditure) guidance to more than ?2 lakh crore by 2032. : Mint
BHEL Q1 results: Net loss widens to Rs 211.4 crore on higher expenses
New Delhi : State-owned BHEL on Wednesday reported the widening of its consolidated net loss to Rs 211.40 crore for the June quarter, on account of higher expenses. : Business Standard
Coal India Q1 FY25 results: Net profit up 4.1% at Rs 10,959 crore
New Delhi : National miner Coal India Limited (CIL) on Wednesday reported a 4.1 per cent year-on-year rise in consolidated net profits for the first quarter (April-June) of financial year 2024-25 (FY25) at Rs 10,959 crore. : Business Standard
BHEL Q1 net loss widens to Rs 211.4 crore
New Delhi : State-owned Bharat Heavy Electricals Limited (BHEL) on Wednesday reported the widening of its consolidated net loss to Rs 211.40 crore for the June quarter, on account of higher expenses. : psuwatch.com
Adani Power clocks 95 pc rise in consolidated continuing PBT in Q1, power sale volume up 38 pc
New Delhi : Adani Power reported on Wednesday that its consolidated continuing profit before tax (PBT) grew 95 per cent to Rs 4,483 crore in the April-June quarter against Rs 2,303 crore in the same period last year due to higher reported EBITDA and lower finance cost. : Sarkaritel.com
State govt secures final FCA clearance for Shongtong hydro electric project: CM Sukhvinder Sukhu
Shimla : State govt secures final FCA clearance for Shongtong hydro electric project: CM Sukhvinder Sukhu. : Economic Times
Geothermal energy exploration in India: 10,600 MW potential; pilot plant operational
New Delhi : Geothermal energy exploration in India: 10,600 MW potential; pilot plant operational. : Economic Times
Sunsure Energy starts supplying 10.5 MUs green power in UP
New Delhi : Sunsure Energy starts supplying 10.5 MUs green power in UP. : Economic Times
Nuclear regulator nod for fuel loading in PFBR at Kalpakkam
New Delhi : Nuclear regulator nod for fuel loading in PFBR at Kalpakkam. : Economic Times
India’s power demand set to surge by 80 GW by 2027; experts recommend 50 GW Solar expansion
New Delhi : India’s power demand set to surge by 80 GW by 2027; experts recommend 50 GW Solar expansion. : Economic Times
Rooftop solar scheme received Rs 3,135 crore as CFA over past three years
New Delhi : Rooftop solar scheme received Rs 3,135 crore as CFA over past three years. : Economic Times
Waaree Renewable Technologies Q1 results: Net profit triples to Rs 28 cr
New Delhi : Waaree Renewable Technologies Ltd (WRTL) has reported three-fold rise in consolidated profit after tax at Rs 28.16 crore for June quarter FY25. : Business Standard
Sunsure Energy starts solar power supply to APL Apollo in Uttar Pradesh
New Delhi : Sunsure Energy, a renewable power solutions provider to the commercial and industrial sector, has announced the commencement of solar power supply to Apollo Pipes and Apollo Metalex, part of the APL Apollo Group, India’s largest producer of structural steel tubes and pipes. : pv-magazine.com
Govt lines up Rs 6.67 lakh crore plan to set up 80 GW coal-based power capacity
New Delhi : The Government is planning to set up an additional 80 GW coal-based power capacity with an investment of Rs 6.67 lakh crore by 2031-32 to meet the growing demand for electricity in the country. The target has been fixed following a study carried out by the Central Electricity Authority (CEA). : Sarkaritel.com
Servotech Power Systems Q1 PAT at Rs 4.48 cr
New Delhi : Servotech Power Systems Q1 PAT at Rs 4.48 cr. : Economic Times
Replus Engitech and Hero Future Energies sign EPC contract for 250MWh battery storage project
New Delhi : Replus Engitech and Hero Future Energies sign EPC contract for 250MWh battery storage project. : Economic Times
Adani Energy Solutions raises USD 1 bn in share sale, first since Hindenburg
New Delhi : Adani Energy Solutions raises USD 1 bn in share sale, first since Hindenburg. : Economic Times
‘Green Gap’: Only 5% renewable usage by India’s top industries
New Delhi : ‘Green Gap’: Only 5% renewable usage by India’s top industries. : Economic Times
Adani Power’s Q1 revenue soars to ?14,717 crore, up 29% YoY
New Delhi : Adani Power’s Q1 revenue soars to ?14,717 crore, up 29% YoY. : Economic Times
Torrent Power Q1 profit up 87 pc to Rs 996 cr
New Delhi : Torrent Power Q1 profit up 87 pc to Rs 996 cr. : Economic Times
India may face potential evening power shortages by 2027, warns IECC
New Delhi : India may experience significant evening power shortages by 2027, ranging between 20 and 40 gigawatts (GW), even if all currently under-construction thermal and hydroelectric capacity becomes functional as planned, according to the India Energy and Climate Center (IECC). : Economic Times
Adani Power Q1 results: Net profit down 55% due to higher expenses
New Delhi : Adani Power on Wednesday reported over 55 per cent dip in its consolidated net profit to Rs 3,913 cr in the June quarter compared to the year-ago period due to higher expenses. : Business Standard
India can leverage its solar and storage edge to avoid power shortages
New Delhi : India can avoid imminent power shortages and ensure long-term affordable electricity by leveraging its impressive achievements in low-cost clean energy and storage, according to a new study from the University of California’s India Energy and Climate Center (IECC). : pv-magazine.com
UP govt directs discom officials to ensure uninterrupted power supply across state
Lucknow : The Uttar Pradesh government on Wednesday directed the officials of all discoms to ensure uninterrupted power supply across the state to ensure that residents do not suffer due to the prevailing hot and humid weather conditions. : psuwatch.com
BHEL announces Q1 results, reports net loss of Rs 211.4 crore
New Delhi : State-run Bharat Heavy Electricals Ltd. (BHEL) has reported June quarter results having a net loss of Rs 211.4 cr, nearly at the same levels compared to the same quarter last year. : psuconnect.in
Adani Power Q1 Results: Net profit drops 55% to ?3,913 crore, revenue rises 36% YoY
New Delhi : Adani Power Q1 Results: Adani Power announced its April-June quarter results for fiscal 2024-25 (Q1FY25) on Wednesday, July 31, reporting a drop of 55.3 per cent in net profit at ?3,913 crore, compared to ?8,759 crore in the corresponding period last year. : Mint
Coal Production to grow by 6 to 7% in next fiscal year, initiatives taken for low-import
New Delhi : In order to meet future demand of coal through indigenous sources and to reduce non-essential import of coal, domestic coal production is expected to grow by 6-7% annually in next few years to reach about 1.5 billion tonne by 2029-30. : psuconnect.in
Oil and Gas
GAIL net profit vaults 77% to Rs 3,183 crore in Q1
New Delhi : GAIL net profit vaults 77% to Rs 3,183 crore in Q1 : Economic Times
Govt raises natural gas prices to $8.51 per mmBtu
New Delhi : Govt raises natural gas prices to $8.51 per mmBtu. : Economic Times
India’s July diesel, jet fuel exports to Singapore, Australia set to hit 2-1/2-year high
New Delhi : India’s July diesel, jet fuel exports to Singapore, Australia set to hit 2-1/2-year high. : Economic Times
Russia bans gasoline exports in Sept-Oct 2024, reports TASS
New Delhi : The Russian government has decided to ban gasoline exports in September and October 2024, Russian Deputy Energy Minister Pavel Sorokin said on Wednesday, the state-run news agency TASS reported. : Economic Times
Budget 2024: No ‘budget’ for energy transition is a cause for concern
New Delhi : India’s energy transition is at stake after the government in the final Budget for 2024-25 eliminated a Rs 15,000 crore grant for oil companies to invest in this, and gave no indications of continuing with a programme to subsidize electric vehicles (EVs). : Business Standard
Govt decreases windfall tax on petroleum crude to Rs 4,600 per tonne
New Delhi : The government on Wednesday slashed windfall tax on domestically produced crude oil to Rs 4,600 per tonne from Rs 7,000 per tonne. : Business Standard
Advait Infratech sets up hydrogen tech subsidiary in India
New Delhi : Advait Infratech announced this week that it has incorporated a wholly owned subsidiary, A&G Hydrogen Technologies, in India. : pv-magazine.com
Kota Nuclear Fuel Complex (NFC) to be operational soon: Dr Jitendra Singh
New Delhi : A greenfield facility of Nuclear Fuel Complex (NFC) coming up in Rawatbhata, Kota, Rajasthan is in advanced stages of completion and is expected to be operational soon, said said Union Minister Dr Jitendra Singh while replying to an unstarred question in Lok Sabha on Wednesday. : psuwatch.com
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 31
New Delhi : Petrol, Diesel Prices Today On July 31, 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
Russia to extend ban on gasoline exports
Moscow : The Russian government has decided to extend its ban on gasoline exports from August to October, local media reported on Wednesday, citing Russian Deputy Energy Minister Pavel Sorokin. “In order to avoid any problems in these months, there will be no lifting of the (gasoline) export ban in August. : Sarkaritel.com
Viaro to buy Shell, Exxon’s North Sea assets
New Delhi : Viaro to buy Shell, Exxon’s North Sea assets. : Economic Times
India’s July diesel, ATF exports to S’pore, Australia to hit 2.5-yr high
New Delhi : India’s diesel and jet fuel shipments to Singapore and Australia are set to hit the highest levels in 2-1/2 years in July as sellers looked east with demand tepid from Europe, according to industry sources and shipping data. : Business Standard
