03-Jan-2024
Power
” New Delhi : REC Limited signed an MoU with RVNL to finance upto Rs. 35,000 Crore for Infrastructure Projects to be executed by RVNL over the next 5 years. These projects constitute multi modal logistics hub projects , rail infrastructure projects, road, port, and metro projects where RVNL has forayed into. ” : Sarkaritel.com
” New Delhi : Hon’ble Union Minister of Heavy Industries, Dr. Mahendra Nath Pandey inaugurated the newly constructed BHEL Sadan on the occasion of BHEL Day, in the presence of Hon’ble Minister of State for Power and Heavy Industries, Krishna Pal Gurjar.On this occasion, Kamran Rizvi, Secretary (Heavy Industries), Vijay Mittal, Joint Secretary (Heavy Industries), Koppu Sadashiv Murthy, Chairman and Managing Director BHEL, Directors, Chief Vigilance Officer, and other officers and employees were present.” : Sarkaritel.com
Rail Vikas Nigam Ltd signs MoU with REC Ltd
New Delhi : Rail Vikas Nigam Limited has signed MoU with M/s. REC Limited for mutual benefits by way of RVNL presenting bankable Projects with assured or projected source of revenue/returns, and REC exploring scope and spread of providing finances to such Projects directly with pre-stipulated conditions and returns for itself. : Equity Bulls
REC SIGNS MOU WITH RVNL, TO FINANCE INFRASTRUCTURE PROJECTS
New Delhi : REC Limited signed an MoU with RVNL to finance upto Rs. 35,000 Crore for Infrastructure Projects to be executed by RVNL over the next 5 years. : globalgreenews.com
REC and RVNL Forge RS. 35,000 Cr Infrastructure Alliance
New Delhi : REC and RVNL Forge RS. 35,000 Cr Infrastructure Alliance. : newsip.in
REC signs MoU with RVNL, to fund infrastructure projects
New Delhi : REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years. : psuwatch.com
Ravindra Kumar Tyagi takes charge as CMD of POWERGRID
New Delhi : Ravindra Kumar Tyagi takes charge as CMD of POWERGRID. : Economic Times
Minister of Heavy Industries inaugurates newly-constructed BHEL Sadan
New Delhi : Union Minister of Heavy Industries, Dr Mahendra Nath Pandey inaugurated the newly constructed BHEL Sadan on the occasion of BHEL Day, in the presence of Minister of State for Power and Heavy Industries, Krishna Pal Gurjar. : psuwatch.com
This PSU Giant shares hit 6% high on mega order win from NLC India of Rs19,422 cr
New Delhi : The shares of the respective company surged to 6% after the company won the Rs19,422 crore Talabira Power Project. : psuconnect.in
NTPC Objects To Solar Cell Imports From China, Loses Case Before CERC
New Delhi : NTPC Objects To Solar Cell Imports From China, Loses Case Before CERC. : saurenergy.com
BHEL making India self-reliant in energy, infra; contributing to defence, space sector: Heavy industries minister
New Delhi : BHEL making India self-reliant in energy, infra; contributing to defence, space sector: Heavy industries minister. : Economic Times
NLCIL inaugurates the first Ideation Mela ‘MY IDEA’ to improve company’s efficiency through Innovations
New Delhi : With a view to enhance the efficiency and the performance of the company in all spheres of operations and management, NLC India has created an in-house portal “MY IDEA” which is the acronym for “My Innovative Drive for Exceptional Achievement” for innovation and creativity. : psuconnect.in
CCI approves Punjab State Power Corp’s takeover of GVK Energy arm
New Delhi : The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed acquisition of a 100% stake in an arm of GVK Energy by Punjab State Power Corporation Ltd (PSPCL). : Economic Times
FY24: Coal supplies to non-regulated sector hits all-time high of 98 MT in Apr-Dec, says CIL
New Delhi : Even as Coal India’s (CIL) supplies to the country’s power sector exceeded the projected commitment, the company supplied an all-time high volume of 98 Million Tonnes (MT) to the non-regulated sector (NRS) consumers till December 2023 in FY 2023-24, said the coal miner on Tuesday. : psuwatch.com
Divine Power Energy plans to launch IPO by March; eyes Rs 400 crore turnover by 2026
New Delhi : Divine Power Energy plans to launch IPO by March; eyes Rs 400 crore turnover by 2026. : Economic Times
Indian Railways commissions 211 MW solar, 103 MW wind power; electrifies 60,814 km of tracks
New Delhi : Indian Railways commissions 211 MW solar, 103 MW wind power; electrifies 60,814 km of tracks. : Economic Times
PM Modi inaugurates new projects, lays stone for new initiatives in TN; all worth over Rs 20,000 cr
New Delhi : PM Modi inaugurates new projects, lays stone for new initiatives in TN; all worth over Rs 20,000 cr. : Economic Times
SJVN gets govt approval to form JVs for 8778 MW hydro, renewable projects
New Delhi : SJVN gets govt approval to form JVs for 8778 MW hydro, renewable projects. : Economic Times
Punjab govt buys thermal power plant at Goindwal
New Delhi : Punjab govt buys thermal power plant at Goindwal. : Economic Times
Himachal Cabinet decides to start solar project for youth startup scheme phase 2
New Delhi : Himachal Cabinet decides to start solar project for youth startup scheme phase 2. : Economic Times
Deadline extended: Solar inverter makers get till 2024 to meet quality norms, says MNRE
New Delhi : Deadline extended: Solar inverter makers get till 2024 to meet quality norms, says MNRE. : Economic Times
India’s coal production rises 10.75% in December, hits 92.87 MT; CIL leads with robust growth
New Delhi : India’s coal production rises 10.75% in December, hits 92.87 MT; CIL leads with robust growth. : Economic Times
Rays Power Infra files IPO papers with Sebi
New Delhi : Rays Power Infra files IPO papers with Sebi. : Economic Times
Successfully met this winter’s record peak power demand of 1,631 MW Monday, say Tata Power-DDL
New Delhi : Successfully met this winter’s record peak power demand of 1,631 MW Monday, say Tata Power-DDL. : Economic Times
Power Grid Corp bags inter-state power transmission project
New Delhi : Power Grid Corp bags inter-state power transmission project. : Economic Times
Torrent Power plans to raise up to Rs 650 crore via NCDs
New Delhi : Ahmedabad-based power generation and distribution company Torrent Power is planning to raise up to Rs 650 crore through the issuance of non-convertible debentures (NCDs), as per officials aware of the development. : Economic Times
India’s power consumption dips marginally by 2.3 pc to 119.07 billion units in Dec
New Delhi : The country’s power consumption dipped 2.3 per cent to 119.07 Billion Units (BU) in December, marking its first monthly decline in eight months due to lower demand for heating equipment, especially in the north, on account of mild winter, according to government data. : Economic Times
SECI Issues Tender For 1500 MW Of ISTS-Linked Solar Projects
New Delhi : SECI Issues Tender For 1500 MW Of ISTS-Linked Solar Projects. : saurenergy.com
Adani Green Announces Completing 1050MW JV With TotalEnergies
New Delhi : Adani Green Announces Completing 1050MW JV With TotalEnergies. : saurenergy.com
Trina Solar’s 210mm Modules Hit 100 GW Milestone in 2023
New Delhi : Trina Solar’s 210mm Modules Hit 100 GW Milestone in 2023. : saurenergy.com
Self-Certification Scheme For Solar Inverters Extended Till 2024: MNRE
New Delhi : Self-Certification Scheme For Solar Inverters Extended Till 2024: MNRE. : saurenergy.com
SJVN to form 4 Joint Ventures; Unlocking 8,778 MW RE potential
New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN apprised that the Department of Investment & Public Asset Management (DIPAM), Ministry of Finance, Government of India has agreed to the proposal of SJVN & Ministry of Power to form four Joint Venture (JV) companies for the development of Hydro & Renewable Projects in India & Nepal. : psuconnect.in
Oil and Gas
PM Modi inaugurates GAIL’s Pipeline Project
New Delhi : The Prime Minister Shri Narendra Modi today laid the foundation stone for the 294 Km Krishnagiri to Coimbatore section of the Kochi Koottanad Bengaluru Mangaluru Pipeline (KKBMPL) Project by GAIL (India) Limited. : psuconnect.in
Tiger Logistics bags project from HPCL
New Delhi : Tiger Logistics bags project from HPCL. : Economic Times
Govt ups windfall tax on crude, ONGC & OIL to take hit
New Delhi : The government has raised the windfall tax on crude oil and reduced the tax on diesel and aviation turbine fuel. The government has hiked the windfall tax on petroleum crude oil to Rs 2,300 ($27.63) a tonne from Rs 1,300 earlier, according to the official notification. : Sarkaritel.com
ETEnergyworld successfully concludes Oil & Gas Annual 2023
New Delhi : ETEnergyworld successfully concludes Oil & Gas Annual 2023. : Economic Times
Petrol, diesel sales drop as winter sets in
New Delhi : Petrol, diese.l sales drop as winter sets in : Economic Times
PM Modi inaugurates new projects, lays stone for new initiatives in TN; all worth over Rs 20,000 cr
New Delhi : PM Modi inaugurates new projects, lays stone for new initiatives in TN; all worth over Rs 20,000 cr. : Economic Times
Five oil majors to distribute more than $100bn to shareholders
New Delhi : Five oil majors to distribute more than $100bn to shareholders. : Economic Times
India dials Saudi as Russian oil purchases hit 11-month low in December
New Delhi : India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed. : Economic Times
No Cash? No Problem. OVL eyes oil from Venezuela Instead
New Delhi : No Cash? No Problem. OVL eyes oil from Venezuela Instead. : Mint
Outlook 2024: Oil to hover between $80-$90/barrel in 2024; OPEC+ to dictate trends, say experts
New Delhi : Crude oil futures lost over 10 per cent in 2023 in a volatile year of trading and reported their biggest annual drop since 2020, marked by geopolitical conflict in the Middle East and concerns about the oil output levels of major producers around the world. : Mint
India hikes windfall tax on crude oil, reduces tax on ATF and diesel
New Delhi : The government has hiked the windfall tax on crude oil produced in the country and cut the levy to nil on exports of diesel and ATF. : Business Standard
India may see lower savings from Russian oil in 2024 as discounts dip
New Delhi : Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts on oil, lower output levels and a rebound in Middle East supplies, according to ship tracking data and industry officials. : Business Standard
Chandigarh imposes temporary restriction on sale of petrol, diesel
Chandigarh : Truck drivers’ strike: Amid an ongoing strike by truck drivers over the new hit-and-run law, Chandigarh on Tuesday imposed a temporary restriction on the sale of petrol and diesel. : Business Standard
About 2,000 petrol pumps run dry as truckers strike against new penal code
New Delhi : About 2,000 petrol pumps run dry as truckers strike against new penal code. : Times of India
Indian Gas Exchange partners with S&P Global for benchmark integration in long duration contracts
New Delhi : Indian Gas Exchange partners with S&P Global for benchmark integration in long duration contracts. : Economic Times
India hikes windfall tax on crude oil
New Delhi : India hikes windfall tax on crude oil. : Economic Times
Oil advances as Iran warship entering Red Sea increases tensions
New Delhi : Oil advances as Iran warship entering Red Sea increases tensions. : Economic Times
Europe-bound diesel, jet fuel cargoes divert from Red Sea
New Delhi : Europe-bound diesel, jet fuel .cargoes divert from Red Sea : Economic Times
Truckers’ protest: Fuel pumps in Punjab see panic buying over fears of stocks running out
New Delhi : Truckers’ protest: Fuel pumps in Punjab see panic buying over fears of stocks running out. : Economic Times
India raises windfall tax on crude by Rs 1,000; removes taxes on diesel, ATF
New Delhi : Windfall tax: India has sharply raised the windfall profit tax on crude oil to Rs 2,300 per tonne from Rs 1,300. However, New Delhi removed the tax on diesel and aviation turbine fuel, and it will also continue with no windfall taxes on petrol. : Economic Times
Govt hikes windfall tax on crude oil to ?2,300 per ton
New Delhi : The Government of India increased the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, an official notification said, adding that the windfall tax on petroleum crude oil has been hiked to ?2,300 ($27.63) a ton from ?1,300. : Mint
India increases oil imports from Saudi as Russian purchases fall to 11-month low in December
New Delhi : India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, as per data from vessel tracking agencies, quoted in a Reuters report. : Mint
Oil prices up $2 on supply disruption fears after latest Red Sea attack; Brent over $77/bbl
New Delhi : Oil prices rose in the first session of the new year, boosted by potential disruption to Middle Eastern supply after the latest attack on a container ship in the Red Sea, and by demand hopes in China. : Mint
Crude oil advances as Iran warship in the Red Sea escalates tensions
New Delhi : Oil rose in New Year trading after Iran sent a warship into the Red Sea, escalating West Asia tensions, and as the outlook for Chinese crude demand brightened. : Business Standard
India’s oil demand growth expected to remain strong in FY24: Analysts
New Delhi : Oil demand in India is expected to remain positive this year despite worries over an industrial slowdown in China affecting related economies, and a cut in global crude production, experts said. : Business Standard
PM lays foundation stone of petroleum & natural gas projects worth over Rs 9,000 cr in TN
New Delhi : Prime Minister Narendra Modi laid the foundation stone of important petroleum and natural gas projects worth more than Rs 9,000 crore on Tuesday. : psuwatch.com
Petrol, Diesel Rates on January 2: Prices constant in Delhi, Mumbai, Kolkata, Chennai; some cities see minor revision
New Delhi : Petrol and diesel prices on January 2: Indian oil marketing companies have kept the petrol and diesel prices constant in New Delhi, Kolkata, Mumbai, and Chennai on Wednesday, November 1. There were minor tweaks in some states. : Business Today
