25-July-2024
Power
” New Delhi : Union Minister of Housing and Urban Affairs and Minister of Power, Manohar Lal, held a meeting with Chief Minister of Assam, Himanta Biswa Sarma in New Delhi today.” : Sarkaritel.com
” New Delhi : Bhutan King, PM visit Adani’s Khavda energy project site, Mundra port in Gujarat.” : Economic Times
NTPC’s Internal Auditors Meeting -2024 conducted at PMI- Noida
New Delhi : Internal Auditor’s Meeting-2024 with newly appointed firms of CA/CMA has conducted an Internal Audit in association with NTPC’s Internal Audit department during 2024-25 at PMI-NOIDA. : psuconnect.in
S&P Global Ratings affirms Long-term issuer credit rating of PGCIL
New Delhi : As per the regulatory filing made, S&P Global Ratings, vide its communication dated July 23, 2024, revised stand-alone credit profile (SACP) of POWERGRID upward to ‘bbb+’ from ‘bbb’. : psuconnect.in
NTPC, BHEL’s 800 MW AUSC plant will be first-of-its-kind, will come up in Bilaspur
New Delhi : State-run NTPC Limited and Bharat Heavy Electricals Limited (BHEL) are jointly setting up an 800-MW Advance Ultra Super-Critical (AUSC) thermal power plant, said Finance Minister Nirmala Sitharaman on Tuesday. : psuwatch.com
Rays Power Infra announces closure of Rs 127-crore equity capital fundraise
New Delhi : Rays Power Infra announces closure of Rs 127-crore equity capital fundraise. : Economic Times
Adani Green begins wind generation from Khavda renewable energy plant
New Delhi : Adani Green begins wind generation from Khavda renewable energy plant. : Sarkaritel.com
Govt to open up nuclear power sector for private investments
New Delhi : Govt to open up nuclear power sector for private investments. : Economic Times
Coal consumption peaks as India, China ramp up electricity production
New Delhi : Coal consumption peaks as India, China ramp up electricity production. : Economic Times
Rays Power Infra raises INR 127 crore equity capital
New Delhi : Rays Power Infra, a solar EPC solutions provider and solar park developer, has announced the successful closure of a fundraise of INR 127 crore as equity capital. : pv-magazine.com
Coal import for blending by power sector declined 12.31% in April-June period of FY25
New Delhi : Coal import for blending by the power sector declined 12.31 percent year-on-year in Q1 (April-June) of FY2024-25 even as power generation during the period went up by 11.3 percent in comparison to the last year. : psuwatch.com
India Needs 100 GW Storage To Avoid Energy Shortages: Report
New Delhi : India Needs 100 GW Storage To Avoid Energy Shortages: Report. : saurenergy.com
Global coal demand to remain flat this year and next-IEA
New Delhi : Global coal demand to remain flat this year and next-IEA. : Economic Times
Renewables overproduction turns electricity prices negative
New Delhi : Renewables overproduction turns electricity prices negative. : Economic Times
‘Green power surge’: Budget allocates ?1.39 lakh crore to renewable and power sectors
New Delhi : ‘Green power surge’: Budget allocates ?1.39 lakh crore to renewable and power sectors. : Economic Times
Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25
New Delhi : Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25. : Economic Times
Coal production in India hits 294.20 MT, up 10.70% YoY
New Delhi : Coal production in India hits 294.20 MT, up 10.70% YoY. : Economic Times
Adani Green Energy operationalises 250 MW wind capacity at Khavda, Gujarat
New Delhi : Adani Green Energy operationalises 250 MW wind capacity at Khavda, Gujarat. : Economic Times
India’s power demand surges 8.3% in 1st half of 2024, coal dominates supply
New Delhi : India’s power demand surges 8.3% in 1st half of 2024, coal dominates supply. : Economic Times
Electric Mobility Promotion Scheme to support up to 3.72 lakh EVs: Govt
New Delhi : Electric Mobility Promotion Scheme to support up to 3.72 lakh EVs: Govt. : Economic Times
IEX results: Net profit rises 27% to ?96.44 crore on higher revenues
New Delhi : Indian Energy Exchange (IEX) on Wednesday posted over 27 per cent rise in consolidated net profit to ?96.44 crore for June quarter, mainly on the back of higher revenues. : Mint
CG Power Q1 results: Net profit rises 21% to Rs 232.13 cr as sales increase
New Delhi : CG Power and Industrial Solutions Ltd on Wednesday reported a 21 per cent hike in its standalone profit after tax of Rs 232.13 crore for the April-June 2024 quarter. : Business Standard
ReNew switches on 400 MW solar project in Rajasthan
New Delhi : ReNew, a NASDAQ-listed renewable energy company in India, has inaugurated a 400 MW solar project in Rajasthan, as part of a 600 MW power purchase agreement (PPA) signed with the Solar Energy Corp. of India Ltd (SECI) for the next 25 years. : pv-magazine.com
ReNew inaugurates 400 MW solar project in Rajasthan
New Delhi : ReNew on Wednesday said it has inaugurated a 400 megawatt (MW) solar project in Rajasthan. : psuwatch.com
Adani Renewable Adds 250 MW Of New Wind Project At Khavda
New Delhi : Adani Renewable Adds 250 MW Of New Wind Project At Khavda. : saurenergy.com
JSW Neo, Powerica, And Torrent Power Emerge Winners In SECI’s 1.35 GW Wind Tender
New Delhi : JSW Neo, Powerica, And Torrent Power Emerge Winners In SECI’s 1.35 GW Wind Tender. : saurenergy.com
Union Minister Khattar Reviews Urban Development Schemes And Power Sector Scenario Of Assam With State CM
New Delhi : Union Minister of Housing and Urban Affairs and Minister of Power, Shri Manohar Lal, held a meeting with Chief Minister of Assam, Shri Himanta Biswa Sarma in New Delhi today. : indianpsu.com
Coal Ministry assures of adequate supply of coal to power
New Delhi : The Ministry of Coal has assured ample availability and supply of coal to the power and fertilizer sectors and the non-regulated sectors (NRS), like steel, cement, paper and sponge iron. : psuwatch.com
Coal Production Target set Over One Thousand Million Tonnes in FY25
New Delhi : The government has set a coal production target of over one thousand million tonnes in 2024-25. Union Coal Ministry said, that as of 19th July, the coal production has reached over 294 million tonnes, reflecting a robust growth rate of around 11 percent compared to the same period last year. : psuconnect.in
Oil and Gas
Petronet LNG Q1 results: Net profit jumps 40% to Rs 1,100.76 crore
New Delhi : During the current quarter ended 30th June, 2024, Dahej terminal processed highest ever 248 TBTU of LNG as against 219 TBTU during the previous quarter ended 31st March, 2024 and 217 TBTU during the corresponding quarter ended 30th June, 2023. : Sarkaritel.com
Oil India Recruitment 2024: Check out here full information
New Delhi : Oil India Recruitment 2024: Oil India Limited (OIL) is inviting applications from suitable and eligible candidates for the position of Domain Experts. : psuconnect.in
IGL Q1 sales volume up 5.3%, net profit at Rs 401.45 crore
New Delhi : IGL Q1 sales volume up 5.3%, net profit at Rs 401.45 crore. : Economic Times
Reliance gets US nod to import oil from Venezuela, source says
New Delhi : Reliance gets US nod to import oil from Venezuela, source says. : Economic Times
Petronet’s Q1 net profit jumps by 40%
New Delhi : Petronet LNG Ltd, India’s largest liquefied natural gas importer, on Wednesday reported a 40 percent jump in its first quarter net profit on a rise in gas volumes. : psuwatch.com
BP, PDVSA rush to complete gas deal before Venezuela election
New Delhi : BP, PDVSA rush to complete gas deal before Venezuela election. : Economic Times
IOA ropes in BPCL as principal sponsor for four years
New Delhi : IOA ropes in BPCL as principal sponsor for four years. : Economic Times
Petronet LNG reports 40% rise in Q1FY25 net profit at ?1,100 cr vs ?787 cr in Apr-Jun FY24
New Delhi : State-run Petronet LNG on Wednesday reported a nearly 40% increase in its consolidated net profit for the first quarter (April-June) of FY25 at ?1,100.76 crore, meeting analyst estimates. : Mint
India raises US oil imports in June, cuts Russia, data shows
New Delhi : India’s monthly oil imports from its biggest supplier Russia slipped marginally in June while those from the United States rose to the highest since Feb. 2022, data obtained from the industry sources showed. : Economic Times
IGL Q1 results: Net profit falls 8.6% to Rs 400 crore, revenue rises 3.4%
New Delhi : Indraprastha Gas Limited (IGL) on Wednesday reported an 8.63 per cent fall in its standalone net profit in the first quarter (April-June) of the financial year 2024-25 (Q1 FY25) to Rs 400.65 crore, down from Rs 438.5 crore in the corresponding quarter of the previous year. : Business Standard
RIL gets US nod to resume crude imports from Venezuela despite sanctions
New Delhi : Reliance Industries Ltd. has secured US approval to resume importing oil from Venezuela despite White House sanctions on the country, according to people familiar with the development. : Business Standard
Petronet LNG posts 45% profit surge in Q1, revenue climbs by 15%
New Delhi : Petronet LNG posts 45% profit surge in Q1, revenue climbs by 15%. : Economic Times
Oil tanker that fled collision site is detained in Malaysia
New Delhi : Oil tanker that fled collision site is detained in Malaysia. : Economic Times
India’s crude oil production drops 2.7 per cent in June, even as refining rises 3.1 per cent
New Delhi : India’s crude oil production drops 2.7 per cent in June, even as refining rises 3.1 per cent. : Economic Times
India raises US oil imports in June, marginally cuts supply from Russia
New Delhi : India’s monthly oil imports from its biggest supplier Russia slipped marginally in June while those from the United States rose to the highest since Feb. 2022, data obtained from the industry sources showed. : Business Standard
Petronet LNG Q1 results: PAT up 40% at Rs 1,100 cr on higher gas volumes
New Delhi : India’s largest liquified natural gas (LNG) importer, Petronet LNG, registered a 39.7 per cent year-on-year rise in consolidated profit at Rs 1,100 crore for the first quarter (April-June) of FY25, up from Rs 787.73 crore in Q1FY24. : Business Standard
IndianOil Launches STORM-X Racing Fuel at Madras International Circuit
New Delhi : Oil PSU major Indian Oil has announced the launch of STORM-X, a high-octane racing fuel tailored for racing cars, at the Madras International Circuit during the Indian National Car Racing Championship. : psuconnect.in
