MEDIA UPDATE (January 30, 2023)

By Sarkaritel January 30, 2023 06:53



” New Delhi : NHPC won the ‘Maitri Cup 2023’ T20 Cricket tournament held at Vijay Yadav Residential Cricket Academy, Faridabad from 27th to 28th January 2023.” :

NTPC – 9MFY23 Unaudited Results Profit After Tax (standalone) up by 8.07%

New Delhi : The Country’s largest power generator- NTPC Ltd., with a present group installed capacity of71544 MW, declared unaudited financial results for Q3/9MFY23on 28January 2023. NTPC Group generated 295 BillionUnits in 9MFY23 as compared to 265 Billion Units in 9MFY22, an increase of ~11%.NTPC’s standalone gross generation in 9MFY23 is 255 Billion Units as compared to 227 Billion Units in the corresponding previous period, registering an increase of ~12%. :

PowerMin asks utilities to not retire old thermal units till 2030

New Delhi : Central Electricity Authority (CEA), the technical arm of the Ministry of Power, has asked power generation utilities to not retire any thermal power plant till 2030. : Business Standard

NTPC sees no threat to Joshimath hydel project, says no link between plant and land subsidence

New Delhi : NTPC doesn’t envisage any threat to its under-construction hydropower project in Uttarakhand’s Joshimath where large cracks appeared in hundreds of buildings this month. : Economic Times

Back NTPC’s Q3 net profit rises nearly 5%

New Delhi : State-run NTPC on Saturday on reported a 4.9% increase in its consolidated net profit for the quarter ended December at ₹4,854.36 crore. During the same quarter of last fiscal (FY22), the company had registered a net profit of ₹4,626.11 crore. : Mint

CIL sets aside ₹42,600 cr for cleaner coal transport, solar

New Delhi : State-run miner Coal India Ltd (CIL) plans to invest around ₹42,600 crore in low-emission infrastructure for fossil fuel mining and green energy to help India achieve its net-zero targets, said the company’s chairman and managing director Pramod Agrawal. : Mint

NTPC net profit up nearly 5 per cent at Rs 4,854 crore in third quarter

New Delhi : State-owned power giant NTPC on Saturday reported a nearly 5 per cent rise in its consolidated net profit to Rs 4,854.36 crore for the December quarter, mainly due to higher revenue. : Economic Times

NTPC Dulanga organised inaugural function of Pradhan Mantri TB Mukt Bharat Abhiyan

New Delhi : NTPC Dulanga organised inaugural function of Pradhan Mantri TB Mukt Bharat Abhiyan. :

Luminous to build India’s first green solar panel factory in Uttarakhand

New Delhi : Luminous Power Technologies on Friday announced its plan to build the country’s first green energy-based solar panel manufacturing facility in Uttarakhand. The new manufacturing plant located in Rudrapur is expected to be fully operational by the end of this year, a company statement said. : Economic Times

IIT-Guwahati researchers focus on green energy to meet rising demands

Guwahati : Aligning with the priorities of the G20 Summit being hosted by India this year, IIT Guwahati is working towards developing affordable, high performance and environment-friendly energy storage and production systems that are also sustainable. : Economic Times

Govt should promote auxiliary manufacturing in solar sector: Bharat Bhut, directector, Goldi Solar

New Delhi : Discoms, investors, and developers need to come together and support basic customs duty (BCD) and Approved List of Models and Manufacturers (ALMM) to make India self-reliant in solar manufacturing, Bharat Bhut, co-founder and director, Goldi Solar, told ETEnergyWorld in an exclusive interview. : Economic Times

NTPC Reports 5% PAT Growth YoY in Q3 to Rs 4854 Cr

New Delhi : NTPC Reports 5% PAT Gro.oY in Q3 to Rs 4854 Cr :

JSW Energy steps up focus on battery storage to address intermittency

New Delhi : The energy arm of the JSW group proposes to increase its focus on battery storage solutions as the shift to renewable power across industries entails tackling the issue of intermittency in the sector. : Business Standard

Back Centre extends timeline for solar projects’ completion

New Delhi : In a bid to provide relief to solar power projects stuck amid a shortage of modules, the Centre has extended the deadline for completion of projects for which bids were finalized before the announcement of the basic customs duty on modules. : Mint

Singareni builds its first floating solar power plant of 5 MW capacity

Hyderabad : Novus Green Energy Systems Ltd, a Hyderabad-based solar solutions provider, on Saturday said it has installed and synchronised India’s largest floating solar power plant using transparent glass-to-glass modules at the Singareni thermal power plant in Mancherial. : Economic Times

Budget 2023 wishlist: clean energy, skilled workforce, geo-spatial mapping

New Delhi : The Union Budget 2023 is just a few days away and there’s much expectation from all and sundry that this election eve Budget will deliver a booster shot for growth. : Economic Times

Reliance Power Q3 loss widens to Rs 291 cr, expenses rise to Rs 2,126 cr

New Delhi : Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company’s consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. : Business Standard

Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha

New Delhi : Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Limited (MCL) as part of its green initiative, has developed an eco-park and a museum over a closed underground mine. : Business Standard

Gautam Solar’s 545 Wp Series of 10BB Mono Solar Panels Get ALMM Approval

New Delhi : Gautam Solar’s 545 Wp Series of 10BB Mono Solar Panels Get ALMM Approval. :

Oil and Gas

” Mumbai : “ONGC Jeetega toh India Jeetega (ONGC’s victory is India’s victory)”, Union Minister of Petroleum and Natural Gas and Minister for Housing and Urban Development Hardeep Singh Puri said while rededicating Oil and Natural Gas Corporation’s (ONGC) iconic drilling rig Sagar Samrat, as a Mobile Offshore Production Unit (MOPU) on 28 January 2023 at a ceremony held on Sagar Samrat.” :

” New Delhi : S M Vaidya, Chairman, IndianOil flagged off the first export consignment of AVGAS 100 LL to Papua New Guinea from GTI Terminal of JNPT on Saturday, January 28, 2023 at 3.00 PM (tentative time). The consignment consisted of 16 KL of AVGAS packed in 80 barrels. This is the first ever instance of India exporting AVGAS.” :

IndianOil chairman flags off export consignment of Aviation gasoline to Papua New Guinea

Mumbai : IndianOil chairman, S M Vaidya on Saturday flagged off the first export consignment of Aviation gasoline (AVGAS) 100 LL to Papua New Guinea from Gateway Terminals India (GTI) of Jawaharlal Nehru Port Container Terminal (JNPT). : Economic Times

” New Delhi : Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Saturday rededicated Oil and Natural Gas Corporation’s (ONGC) iconic drilling rig Sagar Samrat as a mobile offshore production unit (MOPU) at a ceremony held at Sagar Samrat, which is located 140-145 km west of Mumbai.” :

Petroleum Minister re-dedicates ONGC’s Sagar Samrat as mobile offshore production unit

New Delhi : Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Saturday rededicated Oil and Natural Gas Corporation’s (ONGC) iconic drilling rig Sagar Samrat as a mobile offshore production unit (MOPU) at a ceremony held at Sagar Samrat, which is located 140-145 km west of Mumbai. : Economic Times

In a first, Indian Oil Corporation starts exporting aviation gasoline

New Delhi : Oil trade in India is entering a new phase, as for the first time in the nation’s history India will be exporting fuel. Indian Oil Corporation (IOC) has started the exports of aviation gasoline. : Mint

Italy’s Eni signs $8 billion Libya gas deal as PM Meloni visits Tripoli

Rome, France : Italian energy company Eni and Libya’s National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country. : Economic Times

Indian refiners’ oil processing in December rises 4 per cent y/y

New Delhi : Indian refiners’ crude oil processing in December rose about 4 per cent from a year earlier, provisional government data showed, in line with elevated demand in the world’s third-biggest oil importer and consumer. : Economic Times

OPINION: Russia can’t replace the energy market Putin broke

New Delhi : Russia spent almost 50 years building its energy market in Europe. President Vladimir Putin destroyed it in under 50 weeks. Finding a replacement will be almost impossible. : Economic Times

Vedanta Q3 net profit drops 41 pc on higher input cost, windfall tax

New Delhi : Vedanta Ltd on Friday reported a 40.8 per cent drop in consolidated net profit at Rs 2,464 crore in the quarter ended December 31, 2022 on the back of higher input cost and windfall tax. The company had posted its consolidated net profit at Rs 4,164 crore in the year-ago period, Vedanta Ltd said in a filing to BSE. : Economic Times

Oil Ministry accepts recommendations for pricing natural gas at 10% of crude

New Delhi : The oil ministry has accepted the key recommendations of the Kirit Parikh committee on domestic natural gas pricing and begun consultations with other ministries before it sends a proposal to the Cabinet. : Economic Times

Small oil producer stands to win big from Biden’s Climate Bill

New Delhi : Middling oil producer Denbury Inc. emerged from bankruptcy in September 2020 with a collection of aging wells, pipelines to move around carbon dioxide and uncertain prospects. : Mint

LNG pipeline connectivity with Myanmar, Bangladesh on the cards

New Delhi : In a bid to counter China’s dominance in the region and ensure energy security, India plans liquefied natural gas (LNG) pipeline connectivity with Myanmar and Bangladesh, said two people aware of the development. : Mint

Oil prices settle lower on stronger supply outlook

New Delhi : Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. : Mint

Hindenburg report ‘gas and fire’, our FPO, investment plans on track: Adani

New Delhi : The Adani group’s operating companies are churning out Rs 1,100 crore of Ebitda (earnings before interest, depreciation, tax and amortisation) per week and the group’s investment plan in the hydrogen business remains on track, Chief Financial Officer Jugeshinder Singh told Business Standard on Sunday. : Business Standard

Budget 2023-24 wishlist: Here are the key challenges in oil & gas sector

New Delhi : Policy stability on transport fuel pricing GST on petroleum products and gas: Exclusion leading to depriving of benefits of classical GST. : Business Standard

Oil & Gas Q3 previews: GAIL, BPCL’s PAT, revenue likely to decline. Key factors to watch out for

New Delhi : Among the major oil and gas companies, BPCL and GAIL (India) are the next to announce their December 2022 quarterly earnings on Monday. : Mint

Texas oil and gas producers told to prepare for winter storms

New Delhi : Texas oil and gas producers have been told to secure their equipment and facilities ahead of potentially treacherous winter weather this week. : Mint

China’s oil and gas consumption declined in 2022 amid weakening economy

New Delhi : China’s oil and gas use fell in 2022 for the first time in decades due to COVID-19 lockdowns that curbed energy demand, a sign of a weakening economy, writes Clifford Krauss in The New York Times (NYT). : Business Standard

Petroleum Minister Hardeep Singh Puri visit ONGC’s iconic Sagar Samrat

New Delhi : Petroleum Minister Hardeep Singh Puri visit ONGC’s iconic Sagar Samrat. :

Back Oil-exporting Colombia says no to oil exploration

New Delhi : With global demand for oil surging and many countries trying to increase production, Colombia is rolling back its petroleum industry. : Mint

Upstart Indian shipper helps get Russian oil to market

New Delhi : Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead to a plunge in exports. : Mint

India starts exporting fuel for small planes, enters $3bn global market

New Delhi : In a first, the country’s largest oil refiner and marketer, IndianOil Corporation has exported a consignment of AVGAS 100 LL, a special aviation fuel meant for piston engine aircrafts and unmanned ariel vehicles, to Papua New Guinea on Saturday. : Economic Times

By Sarkaritel January 30, 2023 06:53