09-Nov-2024
Power
PFC’s Q2/H1’25 Results: PFC delivered PAT of Rs. 8,088 cr., an impressive increase of 18% from Rs. 6,854 cr. in H1’24
New Delhi : 14% increase registered in consolidated Profit After Tax from Rs.12,610 cr. in H1’24 to Rs. 14,397 cr. for H1’25. Consolidated Net worth (including non-controlling interest) increased by 17% from Rs. 1,23,703cr. : Sarkaritel.com
” New Delhi : Union Minister of Power and Housing & Urban Affairs Manohar Lal reviewed the urban development schemes and the power sector scenario for Union Territory (UT) of Chandigarh at UT Secretariat, Chandigarh, today.” : Sarkaritel.com
” New Delhi : Government-owned power giant NTPC announced on Friday that in “a major groundbreaking achievement,” it has been “successful in the synthesis of CO2 captured from flue gas with hydrogen produced from a PEM electrolyser, which was then converted into methanol at NTPC’s Vindhyachal plant.”” : Sarkaritel.com
” New Delhi : Union Minister of Power and Housing and Urban Affairs, Manohar Lal, commended the Haryana Government for its significant efforts in reducing Aggregate Technical and Commercial (AT&C) losses and strengthening the power distribution system over the past decade.” : Sarkaritel.com
ACME Solar Holdings, Hexa Climate Solutions bag FDRE projects
New Delhi : ACME Solar Holdings, Hexa Climate Solutions bag FDRE projects. : Economic Times
PFC declares financial results for Second Quarter (Q2) and first half year(H1) for F/Y 2024-25
New Delhi : 14% increase registered in consolidated Profit After Tax from Rs.12,610 cr. in H1’24 to Rs. 14,397 cr. for H1’25. : globalgreenews.com
India will develop complete solar manufacturing ecosystem in 4-5 years: Avaada Group
New Delhi : India will develop complete solar manufacturing ecosystem in 4-5 years: Avaada Group. : Economic Times
Battery storage critical for India’s shift from coal, renewable capacity lags behind
New Delhi : Battery storage critical for India’s shift from coal, renewable capacity lags behind. : Economic Times
Power Finance Corporation Delivers Record-Breaking Q2/H1’25 Results
New Delhi : Power Finance Corporation Delivers Record-Breaking Q2/H1’25 Results. : newsip.in
Renewable energy offers a cost and opportunity to insurance sector
New Delhi : Renewable energy offers a cost and opportunity to insurance sector. : Economic Times
Centre, Himachal discuss 4,300 MW pump storage projects to boost hydro power
Shimla : Centre, Himachal discuss 4,300 MW pump storage projects to boost hydro power. : Economic Times
Bangladesh promises over Rs 1,450 crore to Adani for continuous power supply
Dhaka, Bangladesh : The Bangladesh power board has issued a fresh letter of credit (LC) worth $173 million (over Rs 1,450 crore) to Adani Power for continuous power supply, according to people aware of the development. : Economic Times
Adani Energy forms subsidiary to explore power transmission biz in Kenya
New Delhi : Adani Energy Solutions Ltd (AESL) on Friday said it has incorporated a wholly-owned subsidiary in Kenya to explore new avenues in power transmission projects in the African country. : Economic Times
NTPC Celebrates 50th Raising Day, Marking Five Decades Of Powering India’s Growth
New Delhi : NTPC Ltd, India’s largest integrated power utility, today celebrated its 50th Raising Day, marking five decades of remarkable growth, innovation, and contribution to India’s power sector. : indianpsu.com
Rajasthan’s Struggles With PM Surya Ghar Scheme
New Delhi : Rajasthan’s Struggles With PM Surya Ghar Scheme. : saurenergy.com
PFC Q2 Results | Net profit up 9% to ?7,215 crore, revenue rises 15%; declares dividend
New Delhi : State-owned Power Finance Corporation Ltd (PFC) on Friday (November 8) reported an 8.9% year-on-year (YoY) increase in net profit at ?7,215 crore for the second quarter that ended September 30, 2024. : cnbc.com
PFC Registered highest ever quarterly Profit in Q2 FY25, declared dividend
New Delhi : Power Finance Corporation (PFC), a leading Indian public sector undertaking engaged in financing power projects today announced its second quarter financial results and PFC Board also declared the interim dividend for the financial year 2024-2025. : psuconnect.in
SECI bars Reliance Power and subsidiary from tenders for three years over document discrepancy
New Delhi : SECI bars Reliance Power and subsidiary from tenders for three years over document discrepancy. : Economic Times
Adani Power cuts Bangladesh supply by over 60% on payment dispute
New Delhi : Adani Power cuts Bangladesh supply by over 60% on payment dispute. : Economic Times
Tata Power acquires Paradeep Transmission for Rs 18.64 crore
New Delhi : Tata Power acquires Paradeep Transmission for Rs 18.64 crore. : Economic Times
In a global first, NTPC plant starts converting captured CO2 into methanol
New Delhi : In a global first, NTPC plant starts converting captured CO2 into methanol. : Economic Times
Punjab raises Shanan project, other issues with Union Minister Manohar Lal Khattar
Chandigarh : Punjab raises Shanan project, other issues with Union Minister Manohar Lal Khattar. : Economic Times
Coal ministry launches online module for mine opening permissions
New Delhi : Coal ministry launches online module for mine opening permissions. : Economic Times
PFC Q2 results: Profit up nearly 9% to Rs 7,215 cr on higher revenue
New Delhi : State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues. : Business Standard
Alpex Solar secures INR 34.51 crore solar pump order from HAREDA
New Delhi : Alpex Solar Ltd, an integrated solar energy solutions provider, announced today it has secured an order worth INR 34.51 crore for the supply of 1,141 solar pumps to the Haryana Renewable Energy Department (HAREDA) under Component-B of the PM-KUSUM scheme. : pv-magazine.com
Tata Power completes final acquisition of Paradeep Transmission
New Delhi : Tata Power has finalized the acquisition of Paradeep Transmission Ltd from PFC Consulting Ltd, the bid process coordinator. : psuconnect.in
Alpex Solar Gets Solar Pump Order In Haryana Under PM-KUSUM
New Delhi : Alpex Solar Gets Solar Pump Order In Haryana Under PM-KUSUM. : saurenergy.com
NTPC celebrates its 50th Raising Day, marking five decades of powering India’s Growth
New Delhi : NTPC Ltd, India’s largest integrated power utility, today celebrated its 50th Raising Day, marking five decades of remarkable growth, innovation, and contribution to India’s power sector. : globalgreenews.com
Rajasthan tenders 1 GW/2 GWh of standalone battery energy storage projects
New Delhi : Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) has launched a tender for selection of developers to set up standalone battery energy systems (BESS) for an aggregate storage capacity of 1,000 MWh (500 MW x 2 hours) in Rajasthan. : pv-magazine.com
SJVN asked to give final response on 3 projects by Jan 15, Sukhu discusses power issues with Khattar
New Delhi : Union Power and Housing and Urban Affairs Minister Manohar Lal Khattar on Thursday directed Satluj Jal Vidyut Nigam Ltd (SJVNL) officials to provide a final response about three power projects by January 15, 2025, a statement issued said. : psuwatch.com
Oil and Gas
GAIL seeks 60 cargoes over five-year period, say sources
New Delhi : GAIL (India) is seeking 60 cargoes of liquefied natural gas (LNG) for delivery over a five-year period, two industry sources said on Friday. : Economic Times
Oil prices fall more than 1% as Hurricane Rafael risk recedes
New Delhi : Oil prices fall more than 1% as Hurricane Rafael risk recedes. : Economic Times
In a global first, NTPC plant starts converting captured CO2 into methanol
New Delhi : In a global first, NTPC plant starts converting captured CO2 into methanol. : Economic Times
“India did everybody a favour!”: Hardeep Singh Puri explains India’s stance to buy Russian oil
New Delhi : “India did everybody a favour!”: Hardeep Singh Puri explains India’s stance to buy Russian oil. : Economic Times
‘India did entire world a favour’: Hardeep Singh Puri on India’s stance to buy Russian oil, ‘if we had not done so…’
New Delhi : Union Petroleum and Natural Gas minister Hardeep Singh Puri said that India’s decision to buy oil from Russia amid global uncertainties helped prevent a potential spike in global oil prices. : Mint
Vedanta, Oil India, Hindustan Zinc emerge top bidders in mineral auctions
New Delhi : The Ministry of Mines on Thursday announced the preferred bidders for eight critical mineral blocks awarded in the fourth round of auctions. Companies securing these blocks include Hindustan Zinc Limited, Vedanta, Oil India, Orissa Metaliks, and Mamco Mining. : Business Standard
ONGC stepped up as Principal Partner for IEW 2025 at ADIPEC2024
New Delhi : Cementing India’s pivotal role in shaping global energy trajectory and advancing its energy transition goals, India’s Energy Maharatna ONGC has proudly stepped up as the Principal Partner for India Energy Week 2025 at ADIPEC2024. : psuconnect.in
Mahanagar Gas, IBC Set To Invest Rs. 230 Cr In Bengaluru Gigafactory
New Delhi : Mahanagar Gas, IBC Set To Invest Rs. 230 Cr In Bengaluru Gigafactory. : saurenergy.com
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 8
New Delhi : Petrol, Diesel Prices Today On November 8, 2024: Every day at 6 a.m., oil marketing companies (OMCs) announce the price of petrol and diesel, maintaining consistency despite these commodities’ inherent volatility. : news18.com
INOX India bags contract for UK’s first liquid air energy storage facility
New Delhi : INOX India bags contract for UK’s first liquid air energy storage facility. : Economic Times
Regulator looks to redefine PNG, insist on transport only by pipeline
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to amend the definition of piped natural gas (PNG) in its regulation, overriding objections from some city gas companies, according to people familiar with the matter. : Economic Times
Gujarat State Petronet Q2 Results: Profit Falls by 38.04% YoY
New Delhi : Gujarat State Petronet Q2 Results Live : Gujarat State Petronet has reported its Q2 results for the fiscal year 2024, revealing a significant decline in both revenue and profit. : Mint
Oil prices fall marginally as Hurricane Rafael expected to start weakening
New Delhi : Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect US oil and gas output declined while the market continues to weigh how President-elect Donald Trump’s policies might affect supplies. : Business Standard
Mahanagar Gas Limited Ventures Into Cell Manufacturing
New Delhi : Mahanagar Gas Limited (MGL) signed a Share Subscription Agreement (SSA) and a Shareholding Agreement (SHA) with International Battery Company, Inc. (IBC US) on November 7, 2024 through which both parties will invest in International Battery Company India Private Limited (IBC) to form a joint venture company, which is currently a 100% subsidiary of IBC US. : indianpsu.com
GAIL seeks 60 LNG cargoes over five-year period, say sources
New Delhi : GAIL (India) is seeking 60 cargoes of liquefied natural gas (LNG) for delivery over a five-year period, two industry sources said on November 8. : Moneycontrol.com
India’s purchase of Russian oil helped avert global price surge: Petroleum Minister Hardeep Singh Puri
New Delhi : India’s decision to buy Russian oil during a period of global economic uncertainty prevented a steep rise in international oil prices, said Union Petroleum and Natural Gas Minister Hardeep Singh Puri. : DD News
Petrol and diesel prices: Fuel rate increases in Bhubaneswar today
Bhubaneswar : The petrol and diesel prices increased in the capital city Bhubaneswar on Friday, November 8th, 2024. The petrol price has been recorded at Rs 101.11 per litre while the diesel rate has been recorded at Rs 92.69 per litre today. : kalingatv.com
Mushroom World Group Launches MP’s First Napier Grass Bio-CNG Plant, Paving the Way for Green Energy Revolution
Bhopal : Mushroom World Group Launches MP’s First Napier Grass Bio-CNG Plant, Paving the Way for Green Energy Revolution. : ANInews.com
