17-Apr-2024
Power
Vedanta secures 11-year Rs 3,900 cr loan from PFC
New Delhi : Vedanta secures 11-year Rs 3,900 cr loan from PFC. : Economic Times
Hinduja arm asks NCLT to junk BHEL insolvency plea
New Delhi : Hinduja National Power Corporation Ltd (HNPCL) on Tuesday requested the National Company Law Tribunal that the insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd against it be dismissed given that the PSU had not completed the project as per the contract. : Economic Times
Power Grid Corp bags 3 transmission projects under competitive bidding
New Delhi : State-owned Power Grid Corporation on Tuesday said it has bagged three inter-state transmission projects under tariff-based competitive bidding. : Business Standard
Coal India’s capex rises 6.5% to Rs 19,840 crore in FY’24
New Delhi : Coal India Limited (CIL) on Tuesday said its capital expenditure increased by 6.5 percent to Rs 19,840 crore in FY’24. : psuconnect.in
Power Grid bags 3 transmission projects under tariff-based competitive bidding
New Delhi : Maharatna power PSU Power Grid Corporation of India Limited (PGCIL) on Tuesday said it has bagged three inter-state transmission projects under tariff-based competitive bidding. : psuwatch.com
BII, FMO back BECIS with joint $50-mn financing facility for renewables in India, southeast Asia
New Delhi : BII, FMO back BECIS with joint $50-mn financing facility for renewables in India, southeast Asia. : Economic Times
PM Surya Ghar: MNRE Proposes Rating Of Rooftop Solar Vendors
New Delhi : PM Surya Ghar: MNRE Proposes Rating Of Rooftop Solar Vendors. : saurenergy.com
Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report
New Delhi : Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report. : mercomindia.com
Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai
New Delhi : Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai. : mercomindia.com
India’s Mahindra to invest nearly $150 million in renewable energy projects
New Delhi : India’s Mahindra to invest nearly $150 million in renewable energy projects. : Economic Times
Scaling up transmission, hydro policy in power ministry’s 100-day plan
New Delhi : The power ministry is likely to focus on augmenting transmission lines, finalising the hydro policy, viability gap funding for battery storage systems and boosting pumped hydro storage projects in the first 100 days of the new government. : Economic Times
Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project
New Delhi : Delhi-NCR based Juniper Green Energy on Tuesday announced commissioning of 25.2 MW capacity of its 70-MW wind power project. : Business Standard
MNRE releases draft guidelines for residential rooftop solar subsidy scheme
New Delhi : The Ministry of New and Renewable Energy has released the draft guidelines for PM Surya Ghar: Muft Bijli Yojana which is aimed at installing rooftop solar (RTS) plants in one crore (10 million) households with subsidy (central financial assistance) support from the central government. : pv-magazine.com
Adani Green Energy achieves 47% of growth in Energy Sales During FY2024
New Delhi : The renewable power generation giant Adani Green Energy Limited (AGEL) has announced an operational provisional update for the year (FY 2024) ending March 31, 2024. : psuconnect.in
REIL Invites Bids for 200,000 Mono PERC Solar Cells
New Delhi : REIL Invites Bids for 200,000 Mono PERC Solar Cells. : mercomindia.com
Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India
New Delhi : Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India. : mercomindia.com
Indian Oil Issues Empanelment Tender for Solar Power Projects
New Delhi : Indian Oil Issues Empanelment Tender for Solar Power Projects. : mercomindia.com
Delhi HC asks PNB consortium of lenders to upgrade Jindal India Thermal Power’s NPA status to standard
New Delhi : The Delhi High Court on Tuesday asked a consortium of 13 lenders led by Punjab National Bank to remove and upgrade the Jindal India Thermal Power’s non-performing asset (NPA) status to standard as it has fully paid resolution amount of Rs 2,450 crore before the scheduled date of payment. : Economic Times
Oil and Gas
Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi : The Government has hiked the windfall tax on crude oil to Rs 9,600 per metric ton with effect from Tuesday from Rs 6,800 earlier, as part of its fortnightly revision. : Sarkaritel.com
Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi : Govt hikes windfall tax on crude oil; ONGC & OIL to take hit. : Economic Times
Noida International Airport, BPCL ink deal for 34-Km ATF pipeline to enhance fuel efficiency, reduce emissions
New Delhi : Noida International Airport, BPCL ink deal for 34-Km ATF pipeline to enhance fuel efficiency, reduce emissions. : Economic Times
GAIL plans to double capacity at its Dabhol LNG terminal
New Delhi : GAIL is planning to more than double the capacity of its LNG terminal at Dabhol, Maharashtra, and build new terminals in the country to tap opportunities expected to emerge from the future growth in gas imports. : Economic Times
Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida International Airport
New Delhi : Noida International Airport on Tuesday said Bharat Petroleum Corporation Ltd will lay a 35-km dedicated aviation turbine fuel (ATF) pipeline from its Piyala Terminal to the tank farm at the airport in Jewar. : Economic Times
Reliance Industries tries to sell US crude oil as Russian flows gain
New Delhi : Reliance Industries Ltd. offered US oil to other buyers in Asia last week, an unusual move for refiners who rarely seek to resell crude within weeks of buying it. : Business Standard
Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida airport
New Delhi : Noida International Airport on Tuesday said Bharat Petroleum Corporation Ltd will lay a 35-km dedicated aviation turbine fuel (ATF) pipeline from its Piyala Terminal to the tank farm at the airport in Jewar. : Business Standard
Deepak Gupta, Director (Projects), GAIL attends 19th Pipeline Technology Conference in Berlin
New Delhi : Shri Deepak Gupta, Director (Projects), GAIL attended the 19th Pipeline Technology Conference held in Berlin from 8th to 11th April 2024, along with the GAIL team. : psuconnect.in
BPCL Will Construct ATF Pipeline From Piyala To Noida International Airport
New Delhi : Noida International Airport (NIA) and Bharat Petroleum Corporation Limited (BPCL) signed an Agreement on 20th February 2024 to lay a dedicated aviation turbine fuel (ATF) pipeline from BPCL’s Piyala Terminal to the tank farm at Noida International Airport, efficiently meeting the airport’s ATF demand while reducing carbon emissions. : indianpsu.com
Indian Oil Issues Empanelment Tender for Solar Power Projects
New Delhi : Indian Oil Issues Empanelment Tender for Solar Power Projects : mercomindia.com
Oil and gas sector sees 20%-plus jump in hiring in March
New Delhi : Oil and gas sector sees 20%-plus jump in hiring in March. : Economic Times
Oil prices rise amid Middle East tensions
New Delhi : International crude oil prices traded higher on Tuesday amid ongoing tensions between Iran and Israel and the resultant volatility in the global energy market. : Mint
Oil prices steady after supply concerns subside even as US plans new Iran sanctions; Brent at $90/bbl
New Delhi : Oil prices were largely steady on Tuesday, April 16, after the US announced plans to hit Iran with new sanctions after its weekend drone attack on Israel, and as Israel’s war cabinet is also set to meet for the third time in three days. : Mint
West Asia tensions stall India’s plans to import crude oil from Iran
New Delhi : The latest flashpoint in West Asia has derailed India’s preliminary plans to resume crude oil imports from Iran, officials said. : Business Standard
Russia’s crude oil exports at 11-month high in April, cross OPEC target to support prices
New Delhi : Russia’s seaborne crude exports soared to an 11-month high in the second week of April with flows from all major ports near peak levels. : Mint
Godrej & Boyce supplies heat exchangers for green hydrogen project in Middle East
New Delhi : Godrej & Boyce, a Godrej Group company, announced that its business Godrej Process Equipment has dispatched heat exchangers to a green hydrogen project in the Middle East. : pv-magazine.com
GPS Renewables raises $50 million, eyes expansion of biofuel facilities across India
New Delhi : GPS Renewables raises $50 million, eyes expansion of biofuel facilities across India. : Economic Times
Escalating Middle East conflict threatens to drive up oil prices, straining Asia-Pacific economies
New Delhi : Escalating Middle East conflict threatens to drive up oil prices, straining Asia-Pacific economies. : Economic Times
India’s oil & gas sector sees 22% hiring increase despite wider job slump
New Delhi : India’s oil & gas sector sees 22% hiring increase despite wider job slump. : Economic Times
Petrol sales up 7%, diesel declines 9.5% in April
New Delhi : India’s petrol consumption soared 7 per cent in the first half of April but diesel sales were down 9.5 per cent ahead of the onset of a harsh summer season that is set to crank up fuel demand, preliminary data of state-owned firms showed on Tuesday. : Economic Times
Keeping Fuel Prices Steady During Turmoil Comes with a Price
New Delhi : Keeping Fuel Prices Steady During Turmoil Comes with a Price. : Mint
Iran’s crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war?
New Delhi : Iran’s crude production has risen by more than 20 per cent over the past two years to 3.4 million barrels per day (bpd), which is 3.3 per cent of the total global oil supply. : Mint
April sees 7% rise in petrol use, diesel sales fall 9.5% as summers start
New Delhi : India’s petrol consumption soared 7 per cent in the first half of April but diesel sales were down 9.5 per cent ahead of the onset of a harsh summer season that is set to crank up fuel demand, preliminary data of state-owned firms showed on Tuesday. : Business Standard
Oil & gas stocks: Investors must brace for negative impact in Q1 FY25
New Delhi : Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy. : Business Standard
Govt revises windfall tax on petroleum crude by 41%, oil stocks on turbulence
New Delhi : According to the latest notification issued by the Finance Ministry, the Centre has surged the windfall tax levied on petroleum crude to Rs 9,600 per metric tonne, up 41% as compared to Rs 6,800 currently levied upon. The new rates will come into effect from Tuesday, April 16. : psuconnect.in
Petrol and diesel prices today stable in Hyderabad, Delhi, Chennai and Mumbai on 16 April
New Delhi : Petrol and diesel prices today, 16 April, 2024: Petrol and diesel prices today stable. Going by the fuel prices at major cities in the country today, the petrol price in Delhi is at Rs. 94.72 per litre and the diesel price at Rs. 89.62. : thehansindia.com
