29-July-2024
Power
” New Delhi : Vivek Kumar Dewangan (IAS), CMD REC Limited addressing the Media on the company’s performance.” : Sarkaritel.com
” New Delhi : Owing to growth in all the verticals, resetting of interest rates on loan assets and effective management of Finance Cost, REC is able to maintain its spreads and NIMs resulting in robust quarterly profit after tax of ? 3,442 crore.” : Sarkaritel.com
” New Delhi : NTPC Bongaigaon, a prominent power generation unit with an installed capacity of 750 MW, continues to shine as a beacon of sustainable power generation and inclusive stakeholder engagement.” : Sarkaritel.com
REC Q1 results: Net profit grows 16.57% to ?3460.19 crore over higher revenues
New Delhi : State-owned REC on Saturday posted a 16.57% rise in consolidated net profit to ?3,460.19 crore for the June quarter, mainly on the back of higher revenues. : Mint
REC Clocks 16.3 Pc Jump In Q1 Net Profit, Declares Dividend Of Rs 3.50 Per Share
New Delhi : Maharatna public sector company REC Limited clocked a 16.3 per cent rise in standalone net profit to Rs 3,442 crore in the April-June quarter of the current financial year, compared to Rs 2,961 crore in the same period last year. : Hindu
REC Q1 Results: Net Profit Up 16.3%, Meet Estimates
New Delhi : Government-owned REC Ltd. saw a 16.3% rise in net profit in the first quarter of fiscal 2025, meeting analysts’ estimates. The profit growth was supported by higher interest earned from loan assets. : NDTV Profit
REC market cap jumps 219%, net profit up by ?3,442 crore
New Delhi : REC market cap jumps 219%, net profit up by ?3,442 crore. : Economic Times
BHEL bags Rs 10k cr thermal project from Damodar Valley
New Delhi : BHEL bags Rs 10k cr thermal project from Damodar Valley. : Economic Times
REC DECLARES 1ST INTERIM DIVIDEND OF ? 3.50 PER SHARE: HIGHEST 1ST QUARTER PROFIT OF RS. 3,442 CR
New Delhi : The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the quarter ended 30th June 2024. : globalgreenews.com
NTPC Q1 profit grows 12% to over Rs 5,500 crore
New Delhi : State-owned NTPC Limited on Saturday posted 12 percent rise in consolidated net profit at Rs 5,506.07 crore for the June quarter, mainly on the back of higher income. : psuwatch.com
REC eyeing 50% funding opportunity from 85 GW thermal power capacity coming up by FY32
New Delhi : With India’s plans to add about 85-90 GW of thermal power capacity by 2031-32, REC Limited, a major state-run non-banking financial company in the power sector, has declared its intention to fund 50 percent of the capital requirements of the thermal power capacities coming within the said timeline. : psuwatch.com
REC Ltd Q1 FY25, net profit up by 16.57% to Rs 3460.19 cr
New Delhi : REC Limited has announced the standalone and consolidated financial results for the June 30, 2024 quarter, ensuring growth and resetting interest rates on loan assets and effective management of Finance Cost with robust quarterly profit after tax of Rs 3,442 crore. : psuconnect.in
BHEL secures order from DVC to build thermal power station
New Delhi : Bharat Heavy Electricals Limited has been awarded a letter of intent (LOI) by Damodar Valley Corporation (DVC) to establish a 2×800 MW thermal power station in Koderma district, Jharkhand. : psuconnect.in
REC Q1 Result: Net profit climbs 14% annually to ?3,442.5 crore
New Delhi : REC Limited (formerly Rural Electrification Corporation) has released its financial results for the first quarter of FY24, showcasing a significant year-on-year increase in net profit. : cnbc.com
REC Clocks 16.3 Pc Jump In Q1 Net Profit, Declares Dividend Of Rs 3.50 Per Share
New Delhi : Maharatna public sector company REC Limited clocked a 16.3 per cent rise in standalone net profit to Rs 3,442 crore in the April-June quarter of the current financial year, compared to Rs 2,961 crore in the same period last year. : daijiworld.com
REC Q1 net profit grows 16.57 pc to Rs 3460.19 cr
New Delhi : State-owned REC on Saturday posted a 16.57 per cent rise in consolidated net profit to Rs 3,460.19 crore for the June quarter, mainly on the back of higher revenues. In the year-ago period, its net profit stood at Rs 2,968.05 crore, the company said in an exchange filing. : Economic Times
NTPC – Q1 FY25 Unaudited Results: PAT up by 11% (Standalone) & 12% (Consolidated)
New Delhi : The Country’s largest integrated power company – NTPC Ltd., with a group installed capacity of more than 76 GW, declared unaudited financial results for Q1 FY25 on 27 July 2024. : Sarkaritel.com
PowerGrid Q1 net profit grows 3.52 pc to Rs 3,723.92 cr
New Delhi : PowerGrid Q1 net profit grows 3.52 pc to Rs 3,723.92 cr. : Economic Times
Renewable energy push: 151 GW projects underway, 76.42 GW to be operational in 3-4 years, says Joshi
New Delhi : Renewable energy push: 151 GW projects underway, 76.42 GW to be operational in 3-4 years, says Joshi. : Economic Times
J&K admin approves Rs 400 crore rooftop solar project for govt buildings
Jammu : Jammu and Kashmir administration on Sunday approved a Rs 400 crore project under which grid-tier rooftop solar power systems will be installed on all government buildings in the union territory. : Business Standard
REC posts its highest Q1 profit of INR 3,442 crore
New Delhi : REC Ltd, a non-banking finance company under India’s Ministry of Power, has announced financial results for the first quarter ending June 30 of FY 2024-25. : pv-magazine.com
About 151 GW renewable capacity under implementation in India: Joshi
New Delhi : Renewable energy projects of about 151 GW capacity are under various stages of implementation in the country, Union Minister Pralhad Joshi has said. : psuwatch.com
Q1: REC opens FY25 with 17% growth in net profit, declares interim dividend of Rs 3.50
New Delhi : Buoyed by a healthy growth of 16.27 percent in its standalone net profit in Q1 of FY2024-25 on year-on-year basis, state-run REC Limited declared an interim dividend of Rs 3.50/share in the first quarter of the ongoing financial year. : psuwatch.com
NTPC Q1 Results: Standalone PAT rises by 11% YoY
New Delhi : The government-run power company NTPC Ltd has reported a 12.6% rise in consolidated revenue at Rs 48,521 crore in the April-June quarter, compared to Rs 43,075 crore in the same period last year, according to an exchange filing on Saturday. : psuconnect.in
NTPC board declares August 7 as record date for Rs 3 dividend
New Delhi : The board of directors of the state-owned company NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share. : Economic Times
Govt extends electric mobility scheme by 2 months with additional ?278 cr outlay
New Delhi : The Union ministry of heavy industries (MHI) on Friday announced the extension of the electric mobility promotion scheme 2024 (EMPS 2024) by two months till 30 September 30. : Mint
GR issued for free power to farmers with 7.5 HP pumps
Mumbai : The state govt issued a GR on Friday to implement its scheme to provide free electricity to farmers who own agricultural pumps up to 7.5 HP. : Times of India
UPPCL revenue recovery takes a hit despite sale of 24% more energy
Lucknow : Amid its ongoing financial struggles, Uttar Pradesh Power Corporation Limited (UPPCL) has flagged 37 of its 40 zones where the revenue recovery rate per unit decreased since the last year despite it selling 24% more energy to users during the same period. : Hindustan Times
Oil and Gas
Assam govt inks pact with OIL, NRL for dialysis machines
New Delhi : Assam govt inks pact with OIL, NRL for dialysis machines. : Economic Times
ONGC Videsh gets board’s nod to liquidate stake in loss-making Tamba BV, Netherlands
New Delhi : Oil & Natural Gas Corporation’s (ONGC) overseas subsidiary, ONGC Videsh Limited (OVL), has received an “in-principle approval” from its Board of Directors to liquidate its stake in Tamba BV, Netherlands. : psuwatch.com
BPCL, Concor privatisation no longer on table for now, says top govt official
New Delhi : Tuhin Kanta Pandey, secretary in the department of investment and public asset management (DIPAM) has said that the government’s plan to privatise Container Corporation of India Limited (CONCOR) and Bharat Petroleum Corporation Limited (BPCL) are no longer on the table for now. : Economic Times
Budget 2024 missed opportunity green hydrogen, say experts
New Delhi : Budget 2024 missed opportunity green hydrogen, say experts. : Economic Times
Older petroleum product pipeline tariff to rise 17% after PNGRB’s new regulation
New Delhi : Tariffs for older petroleum product pipelines will increase 17% next month and rise 3.4% annually from next year to account for inflation and to ensure a reasonable return to operators, the Petroleum and Natural Gas Regulator Board (PNGRB) has said. : Economic Times
Russian oil prevails in India’s July imports despite refinery shutdowns
New Delhi : Despite a slew of local refining shutdowns, low discounts on Russian crude and reduction in exports, Russia continued to prevail in India’s crude basket in July and displaced Gulf grades and US oil, according to industry sources and shipping data. : Business Standard
PNGRB launches 11th CGD bidding round for City Gas distribution networks
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB) launched the 11th City Gas Distribution (CGD) Bidding Round on September 17, 2021, for the development of CGD networks in 65 Geographical Areas (GAs) across 19 states and 1 Union Territory. This round covers 215 districts (212 complete and 3 part) following subsequent amendments. : E-Pao.net
Energy firms plan joint hunt for foreign supplies
New Delhi : Energy firms plan joint hunt for foreign supplies. : Mint
Machilipatnam awaits refinery project boost
Vijaywada : Bharat Petroleum Corporation Limited’s (BPCL) proposed refinery project with a capital outlay of Rs 60,000 crore, if materialised, will change the face of Machilipatnam. : Times of India
‘Among the petroleum items, crude oil could be brought under GST first’: CBIC Chairman
New Delhi : Higher duty on gold was not only fueling smuggling but also causing market distortion and revenue loss, as it led to imports in non-bullion forms under various free trade agreements (FTAs) where they qualified for lower or even nil rates, Central Board of Indirect Taxes & Customs (CBIC) Chairman Sanjay Kumar Agarwal said in an interview with Soumyarendra Barik and Ravi Dutta Mishra. : Indian Express
