12-Feb-2024
Power
” Gurgoan, Haryana : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited the NBFC Maharatna Company, CPSU under the aegis of Ministry of Power, handed over five project specific SPVs (Special Purpose Vehicles), formed for construction of Inter State Transmission Projects through tariff based bidding process on 09th February 2024.” : Sarkaritel.com
” Mumbai : NTPC’s groundbreaking Unified Shared Service Centre (USSC) has been recognized with the prestigious first prize at the 9th Global Procurement Summit held in New Delhi. The event organized by AIMA in collaboration with the World Bank, Ministry of Finance (MoF), and Ministry of Electronics and Information Technology (MoE&IT), witnessed fierce competition among 23 PSU and Non-PSU contestants.” : Sarkaritel.com
RECPDCL Hands Over Five SPVs To Successful Bidders
New Delhi : REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Ltd. has completed over fifty years in the area of its operations. : Outlook
RECPDCL hands over five SPVs to successful bidders
New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited the NBFC Maharatna company, PSU under the aegis of the Ministry of Power, handed over five project specific Special Purpose Vehicles (SPVs), formed for construction of inter state transmission projects through tariff based bidding process on February 9. : psuwatch.com
Rural Cultural Meet organises at NTPC Talcher Kaniha
New Delhi : The 11th Rural Cultural Meet was organized by NTPC Talcher Kaniha under its CSR initiative on 08th February, 2024. Every year the power station organises the event to promote rich heritage and culture of Odisha through various forms of dance showcased by rural school students. : psuconnect.in
Power Grid organises ‘Investors and Analysts’ meet
New Delhi : Maharatna power PSU Power Grid organised ‘Investors and Analysts’ meet on February 9 in Mumbai. Power Grid’s Chairman & Managing Director (CMD) RK Tyagi in presence of Director (Personnel) Dr Yatindra Dwivedi, Director (Projects) Abhay Choudhary, Director (Finance) G Ravisankar and senior officials interacted with investors and analysts in Mumbai. : psuwatch.com
NTPC’s USSC clinches top honor at the 9th Global Procurement Summit
New Delhi : NTPC Limited’s groundbreaking Unified Shared Service Centre (USSC) has been recognized with the prestigious first prize at the 9th Global Procurement Summit held in New Delhi. : psuwatch.com
RECPDCL Hands Over 5 SPVs to successful bidders
New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited the NBFC Maharatna Company, CPSU under the aegis of Ministry of Power, handed over five project specific SPVs (Special Purpose Vehicles), formed for construction of Inter State Transmission Projects through tariff based bidding process on 09th February 2024. : Free Press Journal
BHEL bags order worth Rs 5500 crore for Haryana Power Plant
New Delhi : BHEL has announced that it has secured a contract for the installation of a 1×800 MW ultra-supercritical expansion unit for Haryana Power Generation Corporation. As per the exchange filing, the respective project will be created at Yamuna Nagar’s Deen Bandhu Chhotu Ram Thermal Power Plant in Haryana. : psuconnect.in
NTPC’s USSC Clinches Top Honor at 9th Global Procurement Summit
New Delhi : NTPC’s groundbreaking Unified Shared Service Centre (USSC) has been recognized with the prestigious first prize at the 9th Global Procurement Summit held in New Delhi. : psuconnect.in
Solar rooftop system much better than free electricity: Gujarat FM’s jibe at opposition
New Delhi : Solar rooftop system much better than free electricity: Gujarat FM’s jibe at opposition. : Economic Times
Tata Power net profit rises 2 pc to Rs 1,076 crore in Q3
New Delhi : Tata Power net profit rises 2 pc to Rs 1,076 crore in Q3. : Economic Times
Energy sector veterans Manoj Kohli and Mahesh Makhija join Sunsure Energy board
New Delhi : Energy sector veterans Manoj Kohli and Mahesh Makhija join Sunsure Energy board. : Economic Times
KSK Mahanadi lenders may ask NCLT to speed up firm’s sale process
New Delhi : Lenders to KSK Mahanadi Power will seek the bankruptcy tribunal’s intervention to expedite the company’s sale process, which has been hanging fire for more than five years, multiple people aware of the matter told ET. : Economic Times
Domestic, rural consumers also driving power demand: Tata Power CEO
New Delhi : Praveer Sinha, the chief executive officer and managing director of Tata Power is optimistic about India’s power demand growth in the long term. : Business Standard
23 CMDS and MDs of major PSUs to step down the throne in 2024
New Delhi : Ratna Sekhar Adika’s tenure at Balmer Lawrie & Co will be concluded as CMD in June and Pravin Kumar Purwar’s term as CMD at BSNL will culminate in July. Ravindra Kumar Jain’s tenure will be ending soon in July as MD at DFCCIL. : psuconnect.in
EESL signed pact worth Rs 500 crore with State Bodies and Industry partners
New Delhi : Ladakh Autonomous Hill Development Council, Leh [LAHDC], and Vidhya Pratishthan have partnered with EESL. The signed MoU with two entities is valued at Rs 300 crore and Rs 200 crore which crucially focuses on aspects of energy efficiency, including lighting, clean cooking, space heating, renewable, e-mobility, cooling, and consultancy. : psuconnect.in
Centre to sign pact with TERI for institute for energy transition: R.K. Singh
New Delhi : The Union Power Ministry intends to sign a memorandum of agreement with The Energy and Resources Institute (TERI) for setting up an institute for energy transition at TERI campus in Hyderabad, Union Power and New and Renewable Energy Minister R.K. Singh said on Friday. : Sarkaritel.com
1.44 GW wind-solar hybrid capacity commissioned under national policy: Union minister
New Delhi : 1.44 GW wind-solar hybrid capacity commissioned under national policy: Union minister. : Economic Times
Inox Wind turns profitable in Q3 on higher revenue; order book stands at 2.6 GW
New Delhi : Inox Wind turns profitable in Q3 on higher revenue; order book stands at 2.6 GW. : Economic Times
Developing countries need more carbon space for growth: R K Singh
New Delhi : Developing countries need more carbon space for growth: R K Singh. : Economic Times
IEW 2024 wraps up with 30% more exhibitors; future editions to light up New Delhi and Goa
New Delhi : IEW 2024 wraps up with 30% more exhibitors; future editions to light up New Delhi and Goa. : Economic Times
IEW 2024 highlights: India’s energy sector booms with global partnerships and technological innovations
New Delhi : IEW 2024 highlights: India’s energy sector booms with global partnerships and technological innovations. : Economic Times
ET Now GBS 2024: Power sector racing ahead to meet demand
New Delhi : The power sector is gearing up and readying capacities to meet India’s growing electricity demand propelled by the surge in economic growth, power and new and renewable energy minister RK Singh said at the ET Now Global Business Summit. : Economic Times
Powering up: India to surpass UK’s current electricity demand in 3 years
New Delhi : India’s increase in electricity demand over the next three years is expected to be roughly equivalent to the UK’s current consumption. India’s electricity demand grew by 7 per cent in 2023, the highest among major economies, according to recently released data from the International Energy Agency. : Business Standard
SJVN Ltd Q3 results, Net profit stood at Rs 139 crore for third quarter
New Delhi : According to the company filing, the previous corresponding fiscal year had reported a net profit of Rs 287 crore for Q3FY23. : psuconnect.in
Oil and Gas
” New Delhi : At the closing ceremony of India Energy Week (IEW), 2024 in Goa, Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs Hardeep Singh Puri lauded the immensely successful organisation of the global energy conclave. He observed that IEW 2024 has built on the inaugural session last year, with 30% more exhibitioners showcasing their products and services in an area spanning over 18,000 square metres.” : Sarkaritel.com
” New Delhi : Hindustan Petroleum Corporation Limited (HPCL) stands tall and proud as it commemorates a triumphant display of innovation and sustainability at India Energy Week-2024, in line with the Golden Jubilee Celebrations under the theme of Panchatattvon Ka Maharatna.” : Sarkaritel.com
ONGC reports Net Profit of ? 10,748 Crore, declares interim Dividend for Q3FY24
New Delhi : In its 375th meeting held on 10February, 2024, ONGC Board approved the results for Third Quarter (Q3) of FY 2023-24. The company reported Q3 FY24 results at ?10,356 crore and revenue from operations during the third quarter of current fiscal stood at ?1,65,569 crore. : Sarkaritel.com
ONGC posts 7.9 per cent fall in profit in Q3
New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) reported a decline of 7.9% in its consolidated net profit to Rs 10,748.5 crore in Q3FY24 compared with Rs 11,665 crore in the corresponding quarter last fiscal, as revenue fell. : Financial Express
ONGC declares results for Q3FY’24: Posts Consolidated Net Profit of?10,748Crore,declares 2ndinterim dividend of ?4.00 per share
New Delhi : In its 375th meeting held on 10 February, 2024, ONGC Board approved the results for Third Quarter (Q3) of FY 2023-24. : Sarkaritel.com
ONGC Q3 Results: Net profit drops 10% to ?10,356 crore, revenue down 2% YoY; dividend declared
New Delhi : Oil and Natural Gas Corporation (ONGC) released its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a decline of around 10 per cent to ?10,356 crore, compared to ?11,489 crore in the year-ago period. : Mint
ONGC Q3 results: Net profit drops 7.9% to Rs 10,748 cr, firm declares dividend
New Delhi : Oil and Natural Gas Corporation (ONGC) posted a consolidated net profit of Rs 10,748 crore in the December-end quarter. The state-run petroleum giant’s revenue from operations in third quarter of current fiscal stood at ?1,65,569 crore, seeing a decline of 2.2 per cent, compared to ?1,69,213 crore in the year-ago period. : Business Today
ONGC posts Consolidated Net Profit of ? 10,748 Crore in Q3 FY’24, declares 2nd interim dividend of ? 4.00 per share
New Delhi : India’s leading oil and gas exploration company, Oil and Natural Gas Corporation (ONGC), has released its consolidated financial results for the third quarter of fiscal year 2024, showing a mixed performance. Here’s a detailed analysis of the company’s financials: : Equity Bulls
ONGC posts net profit of ?10,365 crore in Q3 FY24
New Delhi : State-run Oil and Natural Gas Corporation (ONGC), has reported an almost 10 per cent y-o-y decline, in its consolidated net profit at ?10,356 crore in Q3 FY24 due to decline in realisations. : Business Line
Petronet draws Rs 40,000 crore investment plan to treble profit by 2028
New Delhi : Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO AK Singh said. : psuwatch.com
IEW 2024 wraps up with 30% more exhibitors; future editions to light up New Delhi and Goa
New Delhi : IEW 2024 wraps up with 30% more exhibitors; future editions to light up New Delhi and Goa. : Economic Times
IEW 2024 highlights: India’s energy sector booms with global partnerships and technological innovations
New Delhi : IEW 2024 highlights: India’s energy sector booms with global partnerships and technological innovations. : Economic Times
ONGC Q3 net falls 14% as oil prices dip
New Delhi : Oil and Natural Gas Corp’s profit fell 14% year-on-year to ?9,536 crore in the October-December quarter as both production and prices of oil and gas declined. : Economic Times
GAIL eyes stake in assets abroad
New Delhi : State-run GAIL is in talks with several entities to acquire stakes in gas-producing assets abroad amid India’s efforts to achieve energy security, said chairman and managing director Sandeep Kumar Gupta. : Mint
Exclusive: Post refinery expansion, NRL to export fuel to Bangladesh, Nepal, Myanmar
New Delhi : Awaiting the completion of its refining capacity to 9 MMTPA by the end of calendar year 2025, state-owned Numaligarh Refinery Limited (NRL) has plans to export refined fuels to neighbouring countries. : psuwatch.com
HPCL signs four impactful MOUs during IEW – 2024
New Delhi : Hindustan Petroleum Corporation has signed four Memorandum of Understanding during a truly global gathering India Energy Week 2024 held in Goa. : psuconnect.in
IGX and ACME signed Memorandum of Understanding (MOU) for cooperation and collaboration on developing the green hydrogen and ammonia market in India
New Delhi : ACME Group, a leading renewable energy company in India, and Indian Gas Exchange (IGX), India’s first natural gas exchange, today signed a memorandum of understanding (MoU) for cooperation and collaboration on developing the green hydrogen and ammonia market in India. : Sarkaritel.com
Josler Hydrocarbons to implement Heath’s emission abatement project for Maharashtra Natural Gas
New Delhi : Josler Hydrocarbons to implement Heath’s emission abatement project for Maharashtra Natural Gas. : Economic Times
Indian Biogas Association pitches for Rs 30k cr investment for compressed biogas plants
New Delhi : Indian Biogas Association has recommended an investment of Rs 30,000 crore for machinery and equipment required for biomass supply to compressed biogas plants to ensure 12 MMTA of LNG import reduction. : Economic Times
23 CMDS and MDs of major PSUs to step down the throne in 2024
New Delhi : Ratna Sekhar Adika’s tenure at Balmer Lawrie & Co will be concluded as CMD in June and Pravin Kumar Purwar’s term as CMD at BSNL will culminate in July. Ravindra Kumar Jain’s tenure will be ending soon in July as MD at DFCCIL. : psuconnect.in
