12-Mar-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) on 10th March, 2024 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030.” : Sarkaritel.com
” New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030, according to a company statement issued on Monday.” : Sarkaritel.com
” New Delhi : The 162-year-old Jamalpur Railway Workshop — the first ever full-fledged such facility in the country — has added yet another first to its name. It has commissioned the largest solar power plant among all workshops under Indian Railways.” : Sarkaritel.com
REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan
New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030, according to a company statement issued on Monday. : smetimes.in
REC Limited to finance power, infrastructure projects in Rajasthan worth Rs 20,000 crores annually for next six years
New Delhi : REC Limited to finance power, infrastructure projects in Rajasthan worth Rs 20,000 crores annually for next six years. : ANInews.com
REC inks pact to finance Rs 1.20 lakh crore in six years for power and infra projects in Rajasthan
New Delhi : Government-owned power sector financier REC Ltd on Monday said it has signed an agreement with the Rajasthan government to provide up to Rs 1.2 lakh crore in six years for power and infrastructure related projects. : Economic Times
REC signs MoU with Govt. of Rajasthan to finance power & infrastructure projects worth Rs. 20,000 Cr annually for next 6 years
New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) on 10th March, 2024 in Jaipur with the Government of Rajasthan. : pv-magazine.com
India’s coal sector exceeds FY24 capex target with ?22,448 crore investment
New Delhi : India’s coal sector exceeds FY24 capex target with ?22,448 crore investment. : Economic Times
PM Modi to inaugurate projects worth ?85,000 crore in Gujarat and Rajasthan visit on March 12
New Delhi : PM Modi to inaugurate projects worth ?85,000 crore in Gujarat and Rajasthan visit on March 12. : Economic Times
SECI plans to issue 1-GW offshore wind project development tender by next year
New Delhi : SECI plans to issue 1-GW offshore wind project development tender by next year. : Economic Times
Green Infra Wind Energy bags 440 MW wind-solar hybrid project
New Delhi : Green Infra Wind Energy bags 440 MW wind-solar hybrid project. : Economic Times
SJVN Green Energy to develop 50 MW solar project in Assam, investment of ?291 crore announced
New Delhi : SJVN Green Energy to develop 50 MW solar project in Assam, investment of ?291 crore announced. : Economic Times
Results of ninth coal auctions within two weeks, says coal ministry official
New Delhi : Results of ninth coal auctions within two weeks, says coal ministry official. : Economic Times
Adani Green Energy operationalises 1,000 MW of 30,000 MW Gujarat renewable energy park
New Delhi : Adani Green Energy Limited (AGEL) said on Monday that it has operationalised the cumulative capacity of 1,000 MW solar energy of the 30,000 MW renewable energy (RE) park at Khavda, Gujarat, the fastest such greenfield solar capacity addition in the country’s renewable sector. : Sarkaritel.com
Power Grid to form JV for transmission projects worth Rs 10k cr in Rajasthan
New Delhi : Power Grid on Monday said it has signed an MoU with Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to form a joint venture to undertake intra-state transmission projects worth Rs 10,000 crore. : Economic Times
Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat
New Delhi : Adani Green Energy Limited (AGEL) operationalised a total of 1,000 Mw of solar energy capacity at the world’s largest renewable energy (RE) park at Khavda in Gujarat, the company said in a BSE filing. With this, AGEL has achieved operational capacity of 9,478 Mw and continues its journey to the stated goal of 45,000 Mw by 2030. : Business Standard
Discoms’ power cost, debt rose with rising demand in FY23: Govt report
New Delhi : As power demand touched record levels during the last financial year, the cost of electricity for the power distribution companies (discoms) escalated, and so did their debt for meeting their working capital needs. : Business Standard
NTPC Director (Finance) receives ‘Best CFO Award’
New Delhi : NTPC Limited’s Director (Finance) Jaikumar Srinivasan has been conferred with the ‘Best CFO Award’ under Excellence in Corporate Governance (Large Enterprises) by The Economic Times in Mumbai on March 7. : psuwatch.com
Adani Green Energy operanalizes 1,000 MW solar energy at Khavda RE Park, Gujarat
New Delhi : Adani Green Energy (AGEL) on Monday said it has operationalized a cumulative capacity of 1,000 MW solar energy at Khavda, in Gujarat. : psuwatch.com
PFC board approves 3rd interim dividend of Rs 3 per share
New Delhi : Maharatna company Power Finance Corporation (PFC) on Monday approved a third interim dividend of Rs 3 per share for fiscal year 2023-24. : psuwatch.com
DISCOMs AT&C losses drop by 1% y-o-y to 15.4% in FY2022-23: Govt report
New Delhi : Power distribution companies (DISCOMs) saw an improvement of 1 percentage point in AT&C (Aggregate Technical & Commercial) losses as the figure declined from 16.2 percent in FY2021-22 to 15.4 percent in FY2022-23, according to a rating report unveiled by Power Minister RK Singh on Monday. : psuwatch.com
REC signs MoU with Rajasthan Govt to finance power & infra Projects
New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) on 10th March 2024 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030. : psuconnect.in
International Women’s Day Celebrated with Community Welfare Initiative by Bardwi Shikla Ladies Club at NTPC Bongaigaon
New Delhi : In commemoration of International Women’s Day, Bardwi Shikla Ladies Club, in collaboration with NTPC Bongaigaon, spearheaded a community welfare initiative aimed at empowering women and enhancing the socio-cultural fabric of the township. : psuconnect.in
CIL and RRVUNL sign MoU for 4100 MW power
New Delhi : Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the exploration and execution of 4,100 MW capacity power projects. : psuconnect.in
SJVN Lays Foundation For 50 MW Solar Project In Sontipur District Assam
New Delhi : SJVN Lays Foundation For 50 MW Solar Project In Sontipur District Assam. : saurenergy.com
GIWEL Receives LOA For 440MW Wind-Solar Hybrid Project From SJVN
New Delhi : GIWEL Receives LOA For 440MW Wind-Solar Hybrid Project From SJVN. : saurenergy.com
GEDA Releases Tender For 30 MW Rooftop Solar Project At Govt. Buildings
New Delhi : GEDA Releases Tender For 30 MW Rooftop Solar Project At Govt. Buildings. : saurenergy.com
REC to extend Rs 20,000 CR credit to Rajasthan for Power Infrastructure
New Delhi : REC has signed MoU with Govt of Rajasthan, Deptt of Finance, to finance projects across power and non power infrastructure for an amount of upto Rs 20,000 crore per annum for a period of six years upto 2030. : newsmantra.in
Major infra boost for Rajasthan as REC commits ?1.2 lakh crore till 2030
New Delhi : Major infra boost for Rajasthan as REC commits ?1.2 lakh crore till 2030. : Economic Times
REC, Govt Of Rajasthan Inks MoU To Finance Power & Infrastructure Projects Worth Rs 20,000 Cr
New Delhi : REC, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) on 10th March 2024 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030. : Business World
REC to finance power, infra projects worth Rs 1.20 trillion in Rajasthan
New Delhi : Government-owned power sector financier REC Ltd on Monday said it has signed an agreement with the Rajasthan government to provide up to Rs 1.2 lakh crore in six years for power and infrastructure related projects. : Business Standard
REC jumps on signing MoU with Rajasthan Govt
New Delhi : REC rose 2.60% to Rs 485 after the state-run company inked a Memorandum of Understanding (MoU) in Jaipur with the Government of Rajasthan. : Business Standard
Adani Green Energy operationalises 1 GW of 30-GW Khavda renewable energy park
New Delhi : Adani Green Energy operationalises 1 GW of 30-GW Khavda renewable energy park. : Economic Times
CIL partners with RRVUNL for 4,100 MW power generation projects in Rajasthan
New Delhi : CIL partners with RRVUNL for 4,100 MW power generation projects in Rajasthan. : Economic Times
SSE’s Japan unit aims to develop 6GW offshore wind farms
New Delhi : SSE’s Japan unit aims to develop 6GW offshore wind farms. : Economic Times
SJVN signs deals for 600 MW solar power supply in Rajasthan, aiming for 25,000 MW capacity by 2030
New Delhi : SJVN signs deals for 600 MW solar power supply in Rajasthan, aiming for 25,000 MW capacity by 2030. : Economic Times
NLC India and Rajasthan ink Rs 7,000 crore deal for renewable and lignite power plants
New Delhi : NLC India and Rajasthan ink Rs 7,000 crore deal for renewable and lignite power plants. : Economic Times
Adani Electricity Mumbai tops discoms rating chart, Torrent Power Surat 2nd
New Delhi : Adani Electricity Mumbai has topped the chart in the performance ranking of power distribution companies for 2022-23, a statement said on Monday. : Economic Times
Torrent Power surges 13% on winning 306 MW solar power project
New Delhi : Shares of Torrent Power hit a new high of Rs 1,288.45, rallying nearly 13 per cent on the BSE in Monday’s intraday trade, after the company was awarded a 306 MW solar project in Maharashtra. : Business Standard
REC SIGNS MOU WITH RAJASTHAN GOVT TO FINANCE POWER & INFRASTRUCTURE PROJECTS WORTH RS. 20,000 CR ANNUALLY FOR NEXT 6 YEARS
New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) on 10th March, 2024 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030. : globalgreenews.com
NLC India, Rajasthan Govt ink pact to set up 1125 MW energy projects
New Delhi : NLC India Limited and the Rajasthan Government on Sunday signed an agreement to enter into a joint venture for setting up two power projects totalling 1125 megawatts at Rs 7,000 crore investment. : psuwatch.com
IREDA achieves ‘Excellent’ rating for third consecutive year
New Delhi : Indian Renewable Energy Development Agency Ltd (IREDA) celebrated its 38th Foundation Day on Monday, marking a significant milestone in its journey towards fostering renewable energy development in India. : psuwatch.com
REC signs MoU with Rajasthan Govt to finance power & infrastructure projects
New Delhi : REC Limited has signed a memorandum of understanding (MoU) on March 10 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030. : psuwatch.com
Power Grid to form JV for transmission projects worth Rs 10k cr in Rajasthan
New Delhi : Power Grid on Monday said it has signed an MoU with Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to form a joint venture to undertake intra-state transmission projects worth Rs 10,000 crore. : psuwatch.com
NTPC Director (Finance) conferred ETCFO Award 2024
New Delhi : Shri Jaikumar Srinivasan, Director (Finance), NTPC limited has been recognized with the esteemed Best CFO Award for Excellence in Corporate Governance (Large Enterprises). The accolade was conferred by The Economic Times during a prestigious ceremony held in Mumbai recently. : psuconnect.in
IREDA Achieves ‘Excellent’ Rating for Third Consecutive Year
New Delhi : Indian Renewable Energy Development Agency Ltd (IREDA) celebrated its 38th Foundation Day today, marking a significant milestone in its journey towards fostering renewable energy development in India. : psuconnect.in
NTPC Bongaigaon sets a remarkable example on International Women’s Day
New Delhi : NTPC Bongaigaon, the flagship power station of the North East, celebrated International Women’s Day on 8th March,2024 with unparalleled enthusiasm, showcasing its steadfast commitment to gender equality and empowerment. : psuconnect.in
Gensol Wins GUVNL’s 70 MW (140 MWh) BESS Project Worth 450 Cr.
New Delhi : Gensol Wins GUVNL’s 70 MW (140 MWh) BESS Project Worth 450 Cr. : saurenergy.com
JSW, NTPC Among Four Firms Winning 1.5 GW SECI Tender
New Delhi : JSW, NTPC Among Four Firms Winning 1.5 GW SECI Tender. : saurenergy.com
Gwalior Airport Equipped With 500kW Solar Carport By Jakson Group
New Delhi : Gwalior Airport Equipped With 500kW Solar Carport By Jakson Group. : saurenergy.com
Oil and Gas
ONGC’s first oil from 98/2 block goes to MRPL
New Delhi : ONGC’s first oil from 98/2 block goes to MRPL. : Economic Times
Analysis: Japan boosts reliance on allies Australia, US for long-term LNG supplies
New Delhi : Analysis: Japan boosts reliance on allies Australia, US for long-term LNG supplies. : Economic Times
US-bound ship from Reliance’s Sikka port hits BPCL crude import facility, sources say
New Delhi : US-bound ship from Reliance’s Sikka port hits BPCL crude import facility, sources say. : Economic Times
Oil Min counters Rs 399-414 LPG cylinder price during UPA govt vs Rs 803 under BJP rule with ‘where was gas’ jibe
New Delhi : Oil Min counters Rs 399-414 LPG cylinder price during UPA govt vs Rs 803 under BJP rule with ‘where was gas’ jibe. : Economic Times
Saudi oil giant Aramco announces USD 121 billion profit last year, down from 2022 record
New Delhi : Saudi oil giant Aramco announces USD 121 billion profit last year, down from 2022 record. : Economic Times
Jio-BP, Nayara, Shell unable to regain pre-2022 market share
New Delhi : Private sector fuel retailers Jio-BP, Rosneft-backed Nayara Energy and Shell haven’t yet been able to fully regain the market share they gave up in 2022 after the beginning of the Russia-Ukraine war that triggered a turmoil in the global oil market and made domestic fuel sales loss making for some time. : Economic Times
Attractive valuations of city gas distributors after recent price fall
New Delhi : Recent price cuts by city gas distribution (CGD) companies and a statement issued by the petroleum minister citing high profits have had a negative impact on sentiment about the sector. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 11
New Delhi : Petrol, Diesel Prices Today On March 11, 2024: The impact of softening oil and gas prices in the global market is also visible on the domestic retail market. CNG became cheaper in the National Capital Region on Thursday morning, while the prices of petrol and diesel have also declined. : news18.com
Green hydrogen push: India eyes $7-15 billion import substitution, plans $4-12 billion investment
New Delhi : Green hydrogen push: India eyes $7-15 billion import substitution, plans $4-12 billion investment. : Economic Times
PM Modi to inaugurate projects worth ?85,000 crore in Gujarat and Rajasthan visit on March 12
New Delhi : PM Modi to inaugurate projects worth ?85,000 crore in Gujarat and Rajasthan visit on March 12. : Economic Times
US carbon pipeline company pledges no oil recovery, but Bakken drillers want it
New Delhi : US carbon pipeline company pledges no oil recovery, but Bakken drillers want it. : Economic Times
Rs 2.2 lakh crore revenue foregone due to excise duty cuts on petrol, diesel: Hardeep Puri
New Delhi : Rs 2.2 lakh crore revenue foregone due to excise duty cuts on petrol, diesel: Hardeep Puri. : Economic Times
AG&P Pratham, Think Gas set for $1.1-billion merger
Mumbai : Global infrastructure investor I-Squared Capital-backed city gas distribution companies in India — AG&P Pratham and Think Gas Distribution — are set to merge, according to two industry executives aware of the development. : Economic Times
Oil prices decline as MidEast supply worries fade, brent crude at $81.50/bbl
New Delhi : Oil prices experienced a decline, with the global benchmark Brent dropping below $82 per barrel, on Monday. This downward trend occurred as worries diminished about potential disruptions to supply due to conflicts in the Middle East. : Mint
AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger
New Delhi : I-Squared Capital-backed city gas distribution companies in India, AG&P Pratham and Think Gas Distribution, are on the verge of merging, according to a report by the Economic Times (ET). : Business Standard
