26-Jan-2024
Power
” New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India.” : Sarkaritel.com
REC Signs MoU With National Investment And Infrastructure Fund
New Delhi : The MoU was signed in the presence of Sh Vivek Kumar Dewangan, CMD, REC and Rajiv Dhar, CEO and MD, NIIFL by Daljeet Singh Khatri, ED (Finance), REC and Sh. Prasad Gadkari, Executive Director & Chief Strategy Officer, NIIFL. : Business World
REC Limited signs MoU with National Investment and Infrastructure Fund Limited
Gurgoan, Haryana : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India. : globalgreenews.com
REC Limited inks MoU with NIIFL
New Delhi : REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL). This MoU was signed by Sh. Daljeet Singh Khatri, ED (Finance) – REC Ltd., and Sh. Prasad Gadkari, Executive Director & Chief Strategy Officer – NIIFL, in the presence of Sh. Vivek Kumar Dewangan, CMD – REC Ltd., and other senior officials from both organisations. : psuconnect.in
REC to collaborate with National Investment and Infrastructure Fund for Financing Renewable, Infra Projects
New Delhi : REC to collaborate with National Investment and Infrastructure Fund for Financing Renewable, Infra Projects. : newsdrum.in
REC To Collaborate With National Investment And Infrastructure Fund For Financing Renewable, Infra Projects
New Delhi : State-owned REC has inked an initial pact with the National Investment and Infrastructure Fund Ltd for collaborating to finance renewable and large scale infrastructure projects in the country. : NDTV Profit
REC, NIIFL jointly to provide funding solutions for RE and infra projects
New Delhi : REC Limited has signed a memorandum of understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy projects as well as large-scale infrastructure projects in India. : psuwatch.com
REC Ltd, NIIF collaborate on funding solutions for renewable energy projects
New Delhi : REC Ltd has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Ltd to collaborate on funding solutions for renewable energy projects. : pv-magazine.com
REC to collaborate with NIIFL for financing renewable, infra projects
New Delhi : State-owned REC has inked an initial pact with the National Investment and Infrastructure Fund Ltd for collaborating to finance renewable and large scale infrastructure projects in the country. : Business Standard
BHEL Haridwar Issues Tender for 5 MW Solar Project
New Delhi : BHEL Haridwar Issues Tender for 5 MW Solar Project. : saurenergy.com
PTC India Limited commences power supply from Nikachhu Hydroelectric Project, Bhutan to Assam
New Delhi : PTC India Limited, provider of power trading solutions in India announced commencement of power supply from Nikachhu Hydroelectric Project, Bhutan to Assam under Long Term PPA. : Economic Times
Goverment aiming for zero thermal coal import by FY26, says Coal Minister Joshi
New Delhi : Coal minister Pralhad Joshi Thursday said his ministry will request imported coal-based power plants to consider switching to domestic fuel-based design and technology as production in India is set to rise. : Economic Times
Jindal Power quits race to acquire Lanco Amarkantak
New Delhi : In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings. : Economic Times
Adani Power Q3 results: Net profit jumps multi-fold to ?2,737.96 crore
New Delhi : Adani Power Ltd on Thursday declared the financial results for the third quarter and nine months ended December 31, 2023. : Mint
SJVN wins GUVNL auction for 100 MW Solar Project
New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN has secured full quoted capacity of 100 MW Solar Power Project through e-Reverse Auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). : psuconnect.in
Prime Minister dedicates 173 Km long double line electrified section between New Khurja – New Rewari on DFC
New Delhi : The Prime Minister today in Bulandshahr, Uttar Pradesh dedicated to the nation the 173 Km long double line electrified section between New Khurja – New Rewari on Dedicated Freight Corridor (DFC) by flagging off goods trains from the two stations through video conferencing. : psuconnect.in
China, India, Southeast Asia Can Generate 85% Of Electricity Till 2026:IEA
New Delhi : China, India, Southeast Asia Can Generate 85% Of Electricity Till 2026:IEA. : saurenergy.com
Grew Energy planning to invest Rs 6,000 cr in solar power equipment manufacturing capacity
New Delhi : Grew Energy planning to invest Rs 6,000 cr in solar power equipment manufacturing capacity. : Economic Times
Interim Union Budget 2024 preparation enters final stage with traditional halwa ceremony in North Block
New Delhi : Interim Union Budget 2024 preparation enters final stage with traditional halwa ceremony in North Block. : Economic Times
Rajasthan power discom opposes in SC plea of Adani firm demanding late payment surcharge
New Delhi : Rajasthan power discom opposes in SC plea of Adani firm demanding late payment surcharge. : Economic Times
Tata Power lights up Mumbai Festival with green power
New Delhi : Tata Power lights up Mumbai Festival with green power. : Economic Times
IEX records 25.5% increase in Q3 profit; trading volume up by 16.8%
New Delhi : IEX records 25.5% increase in Q3 profit; trading volume up by 16.8%. : Economic Times
Cleantech Solar appoints Ritesh Singhi as Country Manager – India, expands senior leadership team
New Delhi : Cleantech Solar appoints Ritesh Singhi as Country Manager – India, expands senior leadership team. : Economic Times
Cabinet OKs Rs 8,500 crore scheme for coal projects
New Delhi : Cabinet OKs Rs 8,500 crore scheme for coal projects. : Economic Times
Thermal power plants’ capacity utilisation to rise to 69 pc in FY’25: ICRA
New Delhi : The capacity utilisation of thermal power plants will increase by a percentage point to 69 per cent in 2024-25, led by the growth in electricity demand and limited thermal capacity addition, says rating agency ICRA. : Economic Times
Hero Future Energies and PIXON Green Energy partner for 500 MW annual solar module supply over two years
New Delhi : Hero Future Energies and PIXON Green Energy partner for 500 MW annual solar module supply over two years. : Economic Times
SAEL secures $1 billion for renewable energy projects in India
New Delhi : SAEL secures $1 billion for renewable energy projects in India. : Economic Times
Electricity use in agriculture sector jumps to 37.1 per cent since 2009-10
New Delhi : Electricity use in agriculture sector jumps to 37.1 per cent since 2009-10. : Economic Times
UT to carry out energy audit of electricity wing
Chandigarh : UT to carry out energy audit of electricity wing. : Economic Times
PM Modi to launch Rs 19,100-crore development projects in UP’s Bulandshahr
New Delhi : PM Modi to launch Rs 19,100-crore development projects in UP’s Bulandshahr. : Economic Times
Adani Power inks initial pact to sell entire stake in two arms to AdaniConnex for Rs 540 cr
New Delhi : Adani Power on Thursday said it has inked an initial pact to sell 100 per cent equity in its two arms Aviceda Infra Park and Innovant Buildwell to AdaniConnex for Rs 540 crore. : Economic Times
Indian firms sign pacts at POWERGEN expo in US
New Delhi : Indian companies are looking for business as well as collaboration opportunities in the power generation sector, with some of them signing pacts with global entities at an ongoing expo in the US. : Economic Times
Coal imports for power to end by FY26
New Delhi : The coal ministry will request imported-coal based (ICB) power plants to make changes to their technologies and design so that they can use domestic coal, said the union minister for coal Pralhad Joshi. : Mint
SJVN wins GUVNL auction for 100 MW solar project
New Delhi : SJVN has secured full quoted capacity of 100 MW solar power project through an e-reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). : psuwatch.com
Grid-India’s NERLDC bags second prize for Hindi excellence (2022-23)
New Delhi : Grid-India’s North Eastern Regional Load Despatch Center (NERLDC), Shillong received the second prize for the commendable work done in the official language Hindi during the year 2022-23. : psuconnect.in
IEX announces unaudited Financial results for quarter ending December 2023
New Delhi : Key highlights of the unaudited standalone financial results for the third quarter ending December 31, 2023, as declared by the Company on 25 January 2024, are listed below. : psuconnect.in
CMD, IREDA Unveils Vigilance Journal ‘Pahal’
New Delhi : Shri Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), today unveiled ‘Pahal’- the insightful house journal of the Vigilance Department. : psuconnect.in
SJVNL, Solar World Energy Sign Contract For 360 MW Solar Project
New Delhi : SJVNL, Solar World Energy Sign Contract For 360 MW Solar Project. : saurenergy.com
Juniper Green and KPI Green Secure GUVNL’s Wind-Solar Hybrid Project
New Delhi : Juniper Green and KPI Green Secure GUVNL’s Wind-Solar Hybrid Project. : saurenergy.com
Adani Power Q3 results: Net profit surges to Rs 2,738 cr as volumes swell
New Delhi : Adani Power on Thursday posted a multi-fold increase in its net profit to Rs 2,738 crore for the December quarter of 2023-24 on the back of a lower increase in cost and a higher rise in sale volumes. : Business Standard
IREDA CMD unveils vigilance journal ‘Pahal’
New Delhi : Indian Renewable Energy Development Agency Limited’s (IREDA) Chairman & Managing Director (CMD) PK Das on Thursday unveiled ‘Pahal’- the insightful house journal of the Vigilance Department. : psuwatch.com
Oil and Gas
” New Delhi : Minister of Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri today inaugurated ONGC’s state-of-the-art digital Corporate Visualization Center ‘ONGC DARPAN’, in New Delhi.” : Sarkaritel.com
HPCL posts Rs 529 cr net profit in Oct-Dec quarter
New Delhi : Public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) reported a profit of Rs 529 crore for the October-December quarter, which is a 3-fold increase over the corresponding figure of Rs 172 crore for the same quarter of the previous year. : Sarkaritel.com
Hindustan Petroleum Q3 profit jumps over 3-fold to Rs 529 crore
New Delhi : State-run oil marketing company Hindustan Petroleum Corporation Limited (HPCL) posted a 207 percent standalone growth, or over a three-fold jump, in profit at Rs 529 crore for the December quarter of fiscal 2023-24 as against Rs 172 crore reported a year back. : Moneycontrol.com
HPCL Q3 Results: Shares fall 7% after profit, revenue miss expectations
New Delhi : Shares of Hindustan Petroleum Corporation Ltd.’s (HPCL) December quarter results were a miss on most fronts, leading to the stock collapsing from the highest point of the session to fall as much as 8%. : cnbc.com
HPCL Q3 Results: PAT slumps 90% sequentially to Rs 529 crore; stock tanks 6%
New Delhi : Hindustan Petroleum Corporation on Thursday said its net profit for the quarter ended December tripled year-on-year (YoY) to Rs 529 crore. Sequentially, however, the bottomline slumped by nearly 90%. : Economic Times
HPCL Q3 results: Profits slip 89% to ?529 crore, revenue rises to ?1 lakh crore for Dec 2023 quarter
New Delhi : Hindustan Petroleum Corporation Limited (HPCL) on Thursday released its quarterly results, with its net profit slipping by nearly 90 percent in the bottom line, standing at ?529 crore for the quarter ending on December 2023. : Hindustan Times
HPCL posts Rs 529 cr net profit in Oct-Dec quarter
New Delhi : Public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) reported a profit of Rs 529 crore for the October-December quarter, which is a 3-fold increase over the corresponding figure of Rs 172 crore for the same quarter of the previous year. : dtnext.in
HPCL posts Rs 529 cr net profit in Oct-Dec quarter
New Delhi : Public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) reported a profit of Rs 529 crore for the October-December quarter, which is a 3-fold increase over the corresponding figure of Rs 172 crore for the same quarter of the previous year. : thehansindia.com
Red Sea crisis unlikely to significantly impact crude prices, Indian export sectors face varied effects: CRISIL
New Delhi : Red Sea crisis unli.kely to significantly impact crude prices, Indian export sectors face varied effects: CRISIL : Economic Times
More funds for steel sector under green hydrogen mission if required, says R K Singh
New Delhi : More funds for steel sector under green hydrogen mission if required, says R K Singh. : Economic Times
Puri inaugurates ONGC’s digital corporate visualization centre ‘ONGC Darpan’
New Delhi : Minister of Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri today inaugurated ONGC’s state-of-the-art digital Corporate Visualization Center ‘ONGC DARPAN’, in New Delhi. : psuwatch.com
HPCL Q3 results: Net profit rises over three-times to Rs 529 crore
New Delhi : HPCL, the state-owned oil marketing company (OMC), said on Thursday its standalone net profit increased more than three times to Rs 529 crore in the third quarter of Financial Year 2023-24 (Q3 FY24), up from Rs 172.4 crore in the same period in FY23. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On January 25
New Delhi : Petrol, Diesel Prices Today On January 25, 2024: Every morning at 6 am, the prices of petrol and diesel are revealed, regardless of whether they are undergoing fluctuations or remaining stable. This daily occurrence is driven by oil marketing companies (OMCs) adjusting prices based on international crude oil prices and foreign exchange rates. : news18.com
NRL iDEATION Clean Energy Hackathon 2024 witnesses over 180 innovators
New Delhi : The ‘NRL iDEATION Clean Energy Hackathon 2024’, a landmark event in the field of sustainable energy solutions, concluded successfully on January 23. : psuwatch.com
Hardeep Singh Puri inaugurates ONGC Digital Corporate Visualization Center
New Delhi : Hon’ble Minister of Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri today inaugurated ONGC’s state-of-the-art digital Corporate Visualization Center ‘ONGC DARPAN’, in New Delhi. : psuconnect.in
IOCL Q3 Results: Net Profit stands Rs 8,063 cr
New Delhi : The company’s shares gained 3.24% to end at Rs 143.50 against the previous close of Rs 139 on the BSE. While net revenue for the quarter increased by 11% to Rs 1.99 lakh crore from Rs 1.79 lakh crore in the previous quarter. : psuconnect.in
Essar Oil UK rebrands to EET Fuels
New Delhi : Essar Oil UK has become EET Fuels (or ‘the Company’), as it delivers on its plan to become the UK’s first low carbon refinery, setting the global benchmark for lower emitting refineries and industrial decarbonisation. : Sarkaritel.com
Hindustan Petroleum Q3 profit rises 60.5% on-year to Rs 712.84 crore, interim dividend declared
New Delhi : Hindustan Petroleum Corporation Ltd (HPCL) on Thursday recorded its third quarter profit for the financial year 2023-24 at Rs 712.84 crore, up 60.5 per cent in comparison to Rs 444.26 crore during the corresponding quarter of previous year, missing estimates. : Financial Express
HPCL Q3 Results updates: Net Profit fell 90% to Rs 529 crore, shares plunges to 6.5%
New Delhi : The total revenue is accorded to 1.18 lakh crore, up to 15% QoQ. As per official review, the company’s EBITDA stood at Rs 2164 crore as against Rs 8217 crore in the previous quarter. It is reported that the EBIT margin is at 1.9 percent as compared to 8.6 percent in the previous quarter. : psuconnect.in
HPCL reports record consolidated PAT of `13,305 cr for April-Dec 2023
Mumbai : Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of Rs 1,18,443 crore for the period Oct-Dec 2023. For the period Apr-Dec 2023, the Revenue from operations was Rs 3,40,105 crore. : millenniumpost.in
HPCL Q3 results: Net profit drops 89% QoQ to ?529 crore; declares dividend of ?15 per share
New Delhi : Hindustan Petroleum Corporation Limited (HPCL), the state-run oil marketing company, on Thursday reported a net profit of ?529 crore for the December quarter of FY24, registering a sharp decline of 89.6% from ?5,118 crore in the September quarter. : Mint
HPCL Q3 results: Net profit trebles to Rs 529 crore
New Delhi : Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported trebling of profit in the December quarter as robust marketing margin negated inventory losses. : Zeebiz
Bilateral trade between India and Russia likely to increase this year: Sonowal
New Delhi : Bilateral trade between India and Russia likely to increase this year: Sonowal. : Economic Times
Interim Union Budget 2024 preparation enters final stage with traditional halwa ceremony in North Block
New Delhi : Interim Union Budget 2024 preparation enters final stage with traditional halwa ceremony in North Block. : Economic Times
CPCL partners with IIT-Madras to produce green hydrogen
New Delhi : CPCL partners with IIT-Madras to produce green hydrogen. : Economic Times
Indraprastha Gas Limited reports 41% increase in Q3 net profit, sales volume up by 4%
New Delhi : Indraprastha Gas Limited reports 41% increase in Q3 net profit, sales volume up by 4%. : Economic Times
QatarEnergy says Red Sea attacks ‘may impact’ gas shipments
New Delhi : QatarEnergy says Red Sea attacks ‘may impact’ gas shipments. : Economic Times
Govt approves setting up of coal-to-SNG project through CIL-GAIL joint venture
New Delhi : Govt approves setting up of coal-to-SNG project through CIL-GAIL joint venture. : Economic Times
India expects fuel demand to grow 2.7% in the next fiscal year
New Delhi : India’s fuel consumption is expected to rise 2.7% in the next fiscal year beginning on April 1, initial government estimates showed. Fuel consumption in 2024-25, a proxy for oil demand, could rise to 238.954 million tonnes from the revised estimate of 232.561 million tonnes for the current fiscal year, according to data from the website of the Petroleum Planning and Analysis Cell (PPAC). : Economic Times
Essar Oil UK transforms into EET fuels, aims for UK’s first low carbon refinery
New Delhi : Essar Oil UK transforms into EET fuels, aims for UK’s first low carbon refinery. : Economic Times
Oil edges up 1% on big US crude withdrawal, China stimulus
New Delhi : Oil edges up 1% on big US crude withdrawal, China stimulus. : Economic Times
PM Modi to launch Rs 19,100-crore development projects in UP’s Bulandshahr
New Delhi : PM Modi to launch Rs 19,100-crore development projects in UP’s Bulandshahr. : Economic Times
Oil prices rise 2% driven by Red Sea tensions, US crude stock draw; Brent reaches $81/bbl
New Delhi : Oil prices rose on Thursday, January 25, after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen’s coast underscored the peril facing trade in a key global transit route. : Mint
Oil marketing companies float a second tender for ethanol supply
New Delhi : Oil Marketing Companies (OMCs) have floated a second tender for the supply of 2.67 billion litres of ethanol in the 2023-24 supply year. : Business Standard
Petrol, Diesel Prices Remain Unchanged On January 25: Check Rates In Mumbai, Delhi, Chennai, And Other Cities
New Delhi : The prices of petrol and diesel remained unchanged in all major cities on Thursday, January 25th. According to the latest price update from fuel retailers, there has been no fluctuation in the prices of petrol and diesel in major cities and maintained stability since May 21, 2022. : Free Press Journal
RK Singh meets industry to explore pathways for utilization of green hydrogen in transport sector
New Delhi : The Union Minister for Power and New and Renewable Energy RK Singh chaired a meeting with government and industry stakeholders from the transport sector, at Atal Akshay Urja Bhawan, New Delhi on Thursday. : psuwatch.com
