08-Aug-2024
Power
” New Delhi : Raj Kumar Chaudhary has taken over as Chairman & Managing Director at NHPC Limited, India’s premier hydropower company and a Schedule ‘A’ enterprise of Government of India on 7th August 2024. ” : Sarkaritel.com
NLC clocks 37 pc jump in Q1 net profit at Rs 567 crore
New Delhi : Government-owned NLC India Ltd on Wednesday reported a 37 per cent jump in consolidated net profit to Rs 566.69 crore for the April-June quarter of the current financial year, from Rs 413.57 crore in the same quarter of the previous year. : Sarkaritel.com
NLC India Ltd Q1FY25 results: Net profit rises 37% to Rs 566.69 cr
New Delhi : NLC India Ltd on Wednesday reported a 37 per cent rise in consolidated profit at Rs 566.69 crore for the quarter ended June 30, 2024. : Business Standard
India’s renewable energy capacity reaches 203.1 GW, marking 165% growth since 2014
New Delhi : India’s renewable energy capacity reaches 203.1 GW, marking 165% growth since 2014. : Economic Times
Tata Power, DGPC ink deal for 600 MW Khorlochhu Hydropower Project in Bhutan
New Delhi : Tata Power, DGPC ink deal for 600 MW Khorlochhu Hydropower Project in Bhutan. : Economic Times
Uganda commissions power transmission project; Powergrid provided consultancy
New Delhi : Uganda commissions power transmission project; Powergrid provided consultancy. : Economic Times
Servotech secures order for 1.2 MW solar energy storage and grid connected systems
New Delhi : Servotech secures order for 1.2 MW solar energy storage and grid connected systems. : Economic Times
Energy dept makes adding new Revenue Register number easier to avail Gruha Jyoti scheme
New Delhi : Energy dept makes adding new Revenue Register number easier to avail Gruha Jyoti scheme. : Economic Times
Tata Power net profit up 31 pc to Rs 1,189 cr in Jun qtr
New Delhi : Tata Power net profit up 31 pc to Rs 1,189 cr in Jun qtr. : Economic Times
Indigenous high-voltage alternating current lines may be deployed to boost transmission infrastructure
New Delhi : India could deploy indigenous high-voltage 1,200 kV high-voltage alternating current (HVAC) transmission lines for a significant expansion and upgradation of its transmission infrastructure, people familiar with the development said. : Economic Times
Tata Power Q1 results: Net profit rises 4% to ?1,189 crore, revenue at ?17,294 crore
New Delhi : Tata Power announced a consolidated net profit of ?1,189 crore for the quarter ending June 30, 2024, marking a rise of over 4 per cent compared to the ?1,141 crore reported in the same period last year. : Mint
Suzlon Energy locked in 5% upper circuit after acquisition worth Rs 620 cr
New Delhi : Shares of Suzlon Energy locked in 5 per cent upper circuit at Rs 69.57 per share on the BSE in Wednesday’s trading session. The stock price jump followed an acquisition done by the company on Tuesday worth Rs 620 crore. : Business Standard
Blueleaf Energy reaches financial close for 200 MW hybrid wind-solar power plant in India
New Delhi : Blueleaf Energy, a pan-Asian renewable energy platform owned by a Macquarie Asset Management managed fund, announced this week the financial close of its 200 MW wind-solar hybrid power plant under development in Madhya Pradesh, India. : pv-magazine.com
NLC India Q1 net profit rises by 37% to Rs 566.69 crore
New Delhi : NLC India Limited on Wednesday reported a 37 percent rise in consolidated profit at Rs 566.69 crore for the quarter ended June 30, 2024. : psuwatch.com
Tata Power, DGPC partner to set up 600 MW hydro project in Bhutan
New Delhi : Tata Power and Bhutan-based Druk Green Power Corporation Ltd (DGPC) have partnered to develop a hydropower project at an estimated cost of Rs 6,900 crore. : psuwatch.com
NLCIL reports Standalone profit of Rs 495 cr in Q1 FY 25
New Delhi : Emerged as successful bidder for Machhakata (Revised) Coal block, Odisha (30 MTPA) under commercial auction conducted by Ministry of Coal and Coal Mine Development and Production Agreement (CMDPA) executed with Nominated Authority, MoC. : psuconnect.in
Tata Power to acquire KHPL Power Project worth Rs 830 crore
New Delhi : Tata Power is to acquire a 40% stake in a hydropower project in Bhutan for Rs 830 crore as part of its plans to ramp up its green energy portfolio in one or more tranches. : psuconnect.in
Central Government appoints Harish Dudani as Member in CERC
New Delhi : Shri. Harish Dudani has been administered Oath of Office and Secrecy by Hon’ble Minister for Power on 06.08.2024, as Member, CERC. : psuconnect.in
NLC India Q1 Results: Profit Up 37%, Beats Estimates
New Delhi : NLC India Ltd. on Wednesday reported a 37% year-on-year advance in net profit for the first quarter of this financial year, beating analysts’ estimates. : NDTV Profit
Harish Dudani appointed as new member of CERC, enhancing commission’s judicial expertise
New Delhi : Harish Dudani appointed as new member of CERC, enhancing commission’s judicial expertise. : Economic Times
Sterlite Power bags ?1,500 crore orders in Q1, boosting its global and domestic reach
New Delhi : Sterlite Power bags ?1,500 crore orders in Q1, boosting its global and domestic reach. : Economic Times
Free electricity to three wards of disaster hit areas of Wayanad for 6 months: Kerala power minister
New Delhi : Free electricity to three wards of disaster hit areas of Wayanad for 6 months: Kerala power minister. : Economic Times
SECI’s net profit surges 38% to ?436.03 crore in FY24; expands total capacity to 65,317 MW
New Delhi : SECI’s net profit surges 38% to ?436.03 crore in FY24; expands total capacity to 65,317 MW. : Economic Times
Suzlon to acquire 76 pc stake in Renom Energy Services for Rs 660 cr
New Delhi : Suzlon to acquire 76 pc stake in Renom Energy Services for Rs 660 cr. : Economic Times
Suzlon Energy to acquire 76% state in Renom Energy; deal valued at ?660 crore in two parts
New Delhi : Suzlon Energy Ltd.’s Board of Directors have approved the 76 per cent acquisition of Renom Energy Services; the deal is to be valued at ?660 crore in two segments, according to the company’s Bombay Stock Exchange (BSE) filing on Tuesday, August 6. : Mint
Servotech Power Systems shares soar 10% to all-time high on 1.2 MW solar energy order
New Delhi : Shares of Servotech Power Systems, a leading manufacturer of EV chargers in India, jumped 10.3% to hit a fresh all-time high of ?132.34 apiece in today’s session. : Mint
Reliance obtains BIS certification for solar panels
New Delhi : Reliance Industries expects to commission its first train of module and cell manufacturing in the Jamnagar district of Gujarat within the current fiscal year. Solar panels manufactured in Jamnagar have obtained BIS certification. : pv-magazine.com
Sterlite Power Secures New Orders Worth INR 1500 Crores In Q1 FY’25
New Delhi : Sterlite Power, a leading global power products and solutions provider has bagged orders worth INR 1,500 crores across its Global Products and Services (GPS) business that caters to high performance, green products and specialized Engineering, Procurement and Construction (EPC) services. : indianpsu.com
Himachal CM calls for expansion of solar projects in state
New Delhi : Chief Minister of Himachal Pradesh Sukhvinder Singh Sukhu on Wednesday stressed on enhancing solar power generation in the state and directed officials to expedite and commission the ongoing projects. : psuwatch.com
Sushil Sharma to hold additional charge of CMD in SJVN Ltd Board
New Delhi : The Ministry of Power has accorded Mr. Sushil Sharma, Director (Finance) to hold the additional charge of the Chairman and Managing Director of SJVN Ltd Board for three months. : psuconnect.in
NTPC releases annual report of Renewable Projects for Climate Strategy
New Delhi : NTPC Ltd released its annual report for the 2023-24 period. Chairman and Managing Director Gurdeep Singh outlined the company’s plans to address the increasing risks of climate change. : psuconnect.in
Oil and Gas
HPCL to commission Chhara LNG terminal, 2 more crucial projects by 2024-end
New Delhi : State-run Hindustan Petroleum Corporation Limited (HPCL) is expecting to commission its Chhara Liquefied Natural Gas (LNG) terminal by November or December this year, investors were told by the PSU’s management during a recent conference call. : psuwatch.com
Reliance Retail expects rising demand for premium to fuel Indian market
New Delhi : Reliance Retail expects rising demand for premium and luxury products to further fuel the Indian retail market, which the country’s largest retailer has pegged as one of the fastest-growing markets in the world, expected to cross $1.4 trillion by 2027, it said in its FY24 annual report. : Business Standard
India’s gas consumption doubles to 189 MMSCMD, pipeline network extends to 24,000 km
New Delhi : India’s gas consumption doubles to 189 MMSCMD, pipeline network extends to 24,000 km. : Economic Times
‘Green energy boost’: Mitsubishi and Hygenco partner for hydrogen-fueled power projects
New Delhi : ‘Green energy boost’: Mitsubishi and Hygenco partner for hydrogen-fueled power projects. : Economic Times
Gulf Oil profit rises 29pc to Rs 88.02 cr in Apr-Jun quarter
New Delhi : Gulf Oil profit rises 29pc to Rs 88.02 cr in Apr-Jun quarter. : Economic Times
Gujarat Gas Company Q1 Results Live : profit rise by 53.14% YOY
New Delhi : Gujarat Gas Company Q1 Results Live : Gujarat Gas Company declared their Q1 results on 06 Aug, 2024. The topline increased by 17.61% & the profit increased by 53.14% YoY. : Mint
Oil prices bounce back from multi-month lows on West Asia tensions
New Delhi : Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand persisted. : Business Standard
Ujjwala scheme beneficiaries in Haryana to receive gas cylinders for Rs 500: CM Saini
New Delhi : Haryana Chief Minister Nayab Singh Saini on Wednesday said beneficiary families of the Pradhan Mantri Ujjwala Yojana in the state will now receive LPG gas cylinders for Rs 500. : Economic Times
Union Minister Hardeep Singh Puri highlights major milestone at Barmer refinery site
New Delhi : Union Minister Hardeep Singh Puri highlights major milestone at Barmer refinery site. : Economic Times
US natural gas producers eye more output cuts as prices sink
New Delhi : US natural gas producers eye more output cuts as prices sink. : Economic Times
Govt to allow up to 35 percent bio-bitumen mixing, to save Rs 10,000 cr of foreign exchange outflows
New Delhi : Govt to allow up to 35 percent bio-bitumen mixing, to save Rs 10,000 cr of foreign exchange outflows. : Economic Times
Exporters find solace in Africa, Australia as Asia and Europe spoil diesel party
New Delhi : Indian refiners are pushing more diesel into Africa and Australia as supply surfeit in Asia and intense competition in Europe keep margins under pressure. : Economic Times
Oil rebounds 3% from multi-month lows on MidEast tensions, US crude stock draw; Brent nears $79/bbl
New Delhi : Global crude oil prices rose three per cent on Wednesday, August 7, bouncing back from multi-month lows. Data showed a bigger-than-expected draw in US crude stockpiles, even as worries about weak demand in China persisted. : Mint
Adani Enterprises plans to raise $1 bn via QIP for green hydrogen expansion
New Delhi : Top executives from Adani Enterprises told analysts last week that the company plans to raise funds through the qualified institutional placement (QIP) route at the earliest to fund its green hydrogen plans. : Business Standard
Kirloskar Oil Engines Q1 results: Net profit rises 7% to Rs 117 cr
New Delhi : Kirloskar Oil Engines on Wednesday said its standalone net profit increased by 7 per cent to Rs 117 crore in three months to June over the same period last year. : Business Standard
Petrol, Diesel price drops slightly in Bhubaneswar on August 6, Check rates
Bhubaneswar : The prices of petrol and diesel decreased slightly in Odisha’s capital city Bhubaneswar on August 6, 2024. On Tuesday, the price of petrol has been recorded at Rs 100.92 per litre, while diesel cost is recorded at Rs 92.50 per litre. : kalingatv.com
Vedanta approves $270 million capital expenditure plan for its oil and gas business
New Delhi : The board of Vedanta on Tuesday approved a $270 million capex plan for its oil and gas business. The green signal came on a day the mining conglomerate reported a 36.5 per cent rise in consolidated net profit for the quarter ended June 30. : Telegraph
