06-Aug-2024
Power
” Mumbai : Rooftop solar (RTS) power generation capacity under the ambitious PM Surya Ghar Muft Bijli Yojana has now crossed the 100 MW mark in Maharashtra, an official has said. Under this scheme, 25,086 consumers have set up RTS generation plants of 101.18 MW, availing benefits from PM Suryaghar Muft Bijali Yojna.” : Sarkaritel.com
NHPC Ltd and IIT Guwahati signed MoA for Research and Development activities
New Delhi : An Memorandum of Agreement has been signed between NHPC Ltd and IIT Guwahati at Faridabad for collaborative R&D activities in Hydropower, Renewable Energy, Geology, Environment Management, Water Resources and Hydrology. : psuconnect.in
POWERGRID declared as successful bidder under TBCB
New Delhi : State-owned Power Grid Corporation of India Limited has been declared as the successful bidder under Tariff competitive bidding to establish an Inter-State transmission system for “Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex” on a build, own operate and transfer (BOOT) basis. : psuconnect.in
Around 3,37,900 MW power capacity to be added by 2032: MoS Shripad Naik
New Delhi : Around 3,37,900 MW power capacity to be added by 2032: MoS Shripad Naik. : Economic Times
Amara Raja Energy profit rises 26 percent Y-o-Y to INR 249 cr in Q1 FY25
New Delhi : Amara Raja Energy profit rises 26 percent Y-o-Y to INR 249 cr in Q1 FY25. : Economic Times
Telangana to provide free power supply to 30,000 govt schools
Hyderabad : Telangana to provide free power supply to 30,000 govt schools. : Economic Times
Rajasthan Cabinet approves setting up of four joint venture companies in energy sector
New Delhi : Rajasthan Cabinet approves setting up of four joint venture companies in energy sector. : Economic Times
NCLT allows KSK Mahanadi lenders to distribute surplus cash of Rs 6400 crore among them
New Delhi : The Hyderabad bench of the National Company Law Tribunal (NCLT) today approved a plea from the resolution professional of KSK Mahanadi Power to distribute the surplus cash amounting to Rs 6400 crore among lenders. : Economic Times
Adani continues power supply to Bangladesh
New Delhi : Adani Power Ltd Monday said the company is continuing to supply power to the Bangladesh power utility as part of their agreement without any disruption, amid the protests that led to political unrest in the country. : Economic Times
Adani Energy Solutions raises $1 billion via QIP; details here
New Delhi : Adani Energy Solutions Limited (AESL) said on Monday that the company has raised ?8,373 crore (USD 1 billion) through its Qualified Institutional Placement (QIP), the largest QIP ever in India’s power sector. : Mint
ReNew aims 21 GW portfolio in next 5 years
New Delhi : ReNew is aiming to double its aggregate portfolio to 21 gigawatt over the next five years, its Chairman Sumant Sinha has said. : psuwatch.com
Adani Energy Solutions raises Rs 8,373 crore via QIP, largest in India’s power sector
New Delhi : Adani Energy Solutions Ltd (AESL) on Monday announced it has successfully raised Rs 8,373 crore ($1 billion) via the qualified institutional placement (QIP) route, the largest in the country’s power sector. : Sarkaritel.com
Atishi inaugurates new transformers in Delhi’s Sriniwaspuri and Kalkaji for 24×7 electricity
New Delhi : Atishi inaugurates new transformers in Delhi’s Sriniwaspuri and Kalkaji for 24×7 electricity. : Economic Times
Coal India signs pacts with global firms for potential investment in critical minerals projects
New Delhi : Coal India signs pacts with global firms for potential investment in critical minerals projects. : Economic Times
INQ Holdings, SBI funds, Citigroup biggest buyers in Adani Energy’s $1 billion QIP
New Delhi : INQ Holdings, SBI funds, Citigroup biggest buyers in Adani Energy’s $1 billion QIP. : Economic Times
Tata Power gets LoI to acquire special-purpose-vehicle in Odisha
New Delhi : Tata Power Co. Ltd Monday said it has received a letter of intent (LoI) from PFC Consulting, the wholly-owned subsidiary of state-run Power Finance Corporation, for acquiring a project specific special-purpose vehicle. : Economic Times
Around 337,900 MW power capacity likely to be added by 2032: MoS Power
New Delhi : A total of 337,900 MW power generation capacity is likely to be added in the country by 2032, Parliament was informed on Monday. : Business Standard
Sunkind Energy secures 20 MW solar projects in Punjab, Maharashtra
New Delhi : Clean energy company Sunkind Energy on Monday said it has secured new solar power projects totalling around 20 megawatts (MW). : Business Standard
IITM Research Park launches 1 MWh battery storage system
New Delhi : The IIT Madras (IITM) Research Park has launched a large-scale 1 MWh lithium-ion battery storage system This ready-to-deploy and modular battery storage system is charged with wind and solar energy and raises the campus’s renewable energy share to 90%. : pv-magazine.com
IEX Achieves Highest Ever Monthly Trades Volume In July 2024 Of 13.3 BU With Increase Of 56% YOY
New Delhi : Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. : indianpsu.com
Tata Power gets LoI from PFC Consulting to acquire SPV in Odisha
New Delhi : Tata Power on Monday said it has received a letter of intent from PFC Consulting to acquire a project-specific special purpose vehicle. : psuwatch.com
Oil and Gas
ONGC declares results for Q1 FY’25: Posts Net Profit of Rs. 8,938 Crore
Mumbai : In its 384th meeting held on 5th August, 2024, ONGC Board approved the results for First Quarter (Q1) of FY 2024-25. : Sarkaritel.com
” New Delhi : There are 32.68 crore active domestic LPG consumers served by public sector Oil Marketing Companies (OMCs) as on 01.07.2024. To ensure a steady supply of refills and accommodate new LPG connections, OMCs currently have over 50 crore cylinders in circulation which are predominantly steel cylinders.” : indianpsu.com
ONGC Q1 results: Oil and gas major tops first-quarter profit estimates on strong fuel demand
New Delhi : India’s Oil and Natural Gas Corp (ONGC) beat first-quarter profit estimates on Monday, bolstered by strong domestic fuel demand and higher price realisation. : Mint
CIL, GAIL sign agreement to set up coal-to-synthetic natural gas project
New Delhi : State-owned CIL on Monday said it has entered into a joint venture agreement with GAIL (India) Ltd to set up a coal-to-synthetic natural gas project in West Bengal. : Business Standard
EIL and GAIL accomplished milestone with erection of India’s first Catofin Reactor
New Delhi : Engineers India Limited (EIL) along with Team GAIL (India) has accomplished a path-breaking milestone with the erection of India’s first Catofin Reactor at the Propane Dehydrogenation (PDH) unit of the PDH-PP Petrochemical project at Usar, Maharashtra. : psuconnect.in
India stands to gain as global oil prices decline to 8-month low
New Delhi : India, the world’s third-largest importer of crude oil, stands to gain as oil prices have fallen to an eitht-month low at $75.8 a barrel in the international market, with a more than $4 a barrel decline since Friday as the slowdown in the US and Chinese economies have raised fears of dampening demand. : Sarkaritel.com
CIL, GAIL enter JV pact to set up coal-to-synthetic natural gas project
New Delhi : State-owned CIL on Monday said it has entered into a joint venture agreement with GAIL (India) Ltd to set up a coal-to-synthetic natural gas project in West Bengal. : Economic Times
After record profits, fuel retailers see profit slump in Q1
New Delhi : After record profits, fuel retailers see profit slump in Q1. : Economic Times
India to extend offshore oil & gas hunt to extended continental shelf
New Delhi : India to extend offshore oil & gas hunt to extended continental shelf. : Economic Times
Oil prices decline as strong US recession fears loom global markets
New Delhi : Crude oil prices fell on Monday, August 5, after the US stock market indices crashed due to rising fears of an economic recession. : Mint
Reliance Industries jumps two places on Fortune’s Global 500 list
New Delhi : Oil-to-telecom-to-retail conglomerate Reliance Industries Ltd continues to be the highest-ranked Indian firm on the Fortune Global 500 list, jumping two places to be ranked at No.86 in the 2024 ranking. : Business Standard
Govt tables Bill in Lok Sabha to delink petroleum operations from mining
New Delhi : The Centre on Monday introduced a Bill in the Lok Sabha to delink petroleum operations from mining, clarify the granting and extension of petroleum leases, and create a new dispute resolution mechanism for the exploration and production sector. : Business Standard
PM NARENDRA MODI HAILS RECORD GAS PRODUCTION IN COUNTRY
New Delhi : Prime Minister Narendra Modi has hailed the record gas production in the country and said self-reliance in the energy sector is very important in achieving the resolve of a developed India. : globalgreenews.com
Q1 FY25: ONGC’s net profit drops 15% y-o-y to Rs 8,938.10 crore
New Delhi : Oil & Natural Gas Corporation’s (ONGC) standalone net profit dropped 15 percent year-on-year in Q1 of FY2024-25. While the figure was at Rs 10,526.78 crore in Q1 of FY2023-24, it dropped to Rs 8,938.10 crore in the Q1 of FY2024-25. : psuwatch.com
ONGC increases Gas Production in Tripura Power Plants
New Delhi : The Oil and Natural Gas Corporation (ONGC) has ramped up operations in Tripura to provide fuel to power plants in the northeastern state, as reported by an official. : psuconnect.in
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On August 5
New Delhi : Petrol, Diesel Prices Today On August 5, 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
India to extend offshore oil & gas hunt to extended continental shelf
New Delhi : India to exte.nd offshore oil & gas hunt to extended continental shelf : Economic Times
ONGC to increase gas production in Tripura to feed power plants: Official
Agartala : ONGC to increase gas production in Tripura to feed power plants: Official. : Economic Times
PM Modi hails record gas production
New Delhi : PM Modi hails record gas production. : Economic Times
Bill to amend delinking petroleum operations from mining introduced in Rajya Sabha by Hardeep Puri
New Delhi : Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday introduced the Oilfields (Regulation and Development) Amendment Bill, 2024 in Rajya Sabha. : Economic Times
Bill in Parliament to bring policy stability in oil & gas
New Delhi : Oil and gas producers will get policy stability, a scope for international arbitration in case of dispute, and the possibility of a longer lease, according to a Bill introduced in Parliament. : Economic Times
Bill introduced to promote ease of business in oil and gas E&P sector
New Delhi : Union minister for petroleum and natural gas Hardeep Singh Puri on Monday tabled a bill aimed at promoting ease of doing business in the oil and gas sector along with supporting India’s energy transition. : Mint
Russia’s Oil-Tax Revenue Jumped by More Than 50% Last Month
New Delhi : Russia’s government revenue from oil-industry taxes in July surged 53% from a year earlier after prices for the country’s crude increased. : Mint
ONGC Q1 FY25 results: Net profit declines 32.1% to Rs 9,936 crore
New Delhi : State-run Oil and Natural Gas Corporation (ONGC) on Monday posted a 32.1 percent fall in its consolidated net profit (attributable to owners) to Rs 9,936.4 crore in the first quarter (April-June) of the current financial year (FY25). : Business Standard
CIL signs JV pact with GAIL to set up 2nd coal gasification plant in Raniganj
New Delhi : Coal India Limited (CIL) has signed a joint venture agreement with GAIL (India) Limited for setting up a coal-to-synthetic natural gas, or syngas, plant through surface coal gasification route. : psuwatch.com
ONGC declares results for Q1 FY’25: Posts Net Profit of Rs 8,938 Crore
New Delhi : In its 384th meeting held on 5th August, 2024, ONGC Board approved the results for First Quarter (Q1) of FY 2024-25. : psuconnect.in
