02-May-2024
Power
Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
New Delhi : The Board of Directors of the Power Grid Corporation in its meeting held on 19.04.2024 had accorded its approval for the appointment of Shri Satyaprakash Dash, General Manager – Co. Sectt., as Company Secretary and Compliance Officer with effect from 1st May 2024. : psuconnect.in
BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
New Delhi : Bharat Heavy Electricals Limited (BHEL) has entered into a Strategic Partnership Agreement for the Railway Signalling Business with HIMA Middle East FZE, Dubai (A wholly owned subsidiary of HIMA Paul Hildebrandt GmbH, Germany). : psuconnect.in
NTPC’s 260 MW Solar EPC Tender
New Delhi : NTPC’s 260 MW Solar EPC Tender. : mercomindia.com
Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled
New Delhi : Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore. : Sarkaritel.com
BHEL ties up with HIMA Middle East FZE, Dubai for railway signalling business
New Delhi : BHEL ties up with HIMA Middle East FZE, Dubai for railway signalling business. : Economic Times
South African rural women to get solar power training in India
New Delhi : South African rural women to get solar power training in India. : Economic Times
Australia grants feasibility licences for offshore wind farms
New Delhi : Australia grants feasibility licences for offshore wind farms. : Economic Times
Why energy storage is key to global renewable goals
New Delhi : Why energy storage is key to global renewable goals. : Economic Times
Opinion: India’s coal mines and generators easily meet record power demand
New Delhi : Opinion: India’s coal mines and generators easily meet record power demand. : Economic Times
26 companies queue up for KSK Mahanadi power project
New Delhi : JSW Energy, Jindal Power, Adani Power, Swan Energy, Vedanta, Coal India and NTPC are among 26 companies that have shown interest in acquiring debt-ridden 1,800 MW KSK Mahanadi power project. : Economic Times
Power consumption rises 11 pc to 144.25 billion units in April
New Delhi : India’s power consumption rose around 11 per cent to 144.25 billion units (BU) in April as compared to the year-ago period, mainly due increase in temperatures. In April 2023, the power consumption stood at 130.08 BU, a government data showed. : Economic Times
Adani Power Q4 results: Net profit down 48% YoY to ?2,737 crore, revenue up 30%
New Delhi : Billionaire Gautam Adani-led Adani Power, on May 1, reported its financial results for the quarter ended on March 31, 2024. : Mint
Statcon Energiaa introduces 3 kW grid-tie solar inverter
New Delhi : Statcon Energiaa has introduced Energiaa-X Series single-phase grid-tie inverter with power ratings of 3 kW and 5 kW. The inverters come with built-in maximum power point tracking (MPPT) technology. : pv-magazine.com
WRLDC, GRID-INDIA organized session focused on Web-Based Energy Scheduling software
New Delhi : In an effort to empower stakeholders, WRLDC, GRID-INDIA organized a session focused on Web-Based Energy Scheduling (WBES) software on 29th-30th April 2024. The session commenced with an inaugural address by Sh. V. Balaji, Executive Director WRLDC. : psuconnect.in
Megha Engg. Bags 2000 MW Pumped Storage Project
New Delhi : Megha Engg. Bags 2000 MW Pumped Storage Project. : saurenergy.com
G7 ministers agree to phase out coal use by 2035
New Delhi : Environment Ministers from the G7 nations committed themselves to phase out the use of coal by 2035 as part of a wider effort to reduce and eventually eliminate the use of fossil fuels. : Sarkaritel.com
Adani Energy Solutions’ Q4 net profit falls 13% to Rs 381 cr
New Delhi : Adani Energy Solutions’ Q4 net profit falls 13% to Rs 381 cr. : Economic Times
G7 nations commit to phasing out coal by 2035 but give Japan some flexibility
New Delhi : G7 nations commit to phasing out coal by 2035 but give Japan some flexibility. : Economic Times
Adani Total Gas net profit rises 59 pc in Q4
New Delhi : Adani Total Gas net profit rises 59 pc in Q4. : Economic Times
GE T&D India gets order from Powergrid to set up transmission asset management centre in Odisha
New Delhi : GE T&D India gets order from Powergrid to set up transmission asset management centre in Odisha. : Economic Times
Coal India production rises 7% in April
New Delhi : Coal India production rises 7% in April. : Economic Times
Microsoft, Brookfield to partner to develop new wind, solar farms
New Delhi : Canada’s Brookfield Asset Management and technology giant Microsoft will develop new wind and solar farms in an attempt to bring over 10.5 gigawatts of new renewable energy capacity, the companies said on Wednesday. : Business Standard
Power consumption increases by 11% to 144.25 billion units in April
New Delhi : India’s power consumption rose around 11 per cent to 144.25 billion units (BU) in April as compared to the year-ago period, mainly due increase in temperatures. : Business Standard
ADB offers $121 million for 100 MW solar project in Bangladesh
New Delhi : The ADB will provide a $121 million loan to Bangladeshi textile producer Paramount Textile PLC to set up a 100 MW solar power plant. : pv-magazine.com
GE Power received orders from two state-owned PSUs and one JV entity
New Delhi : GE Power India Ltd has received a purchase order from two state-owned PSUs and one JV entity. The Name of the entity awarding the order is NTPC-SAIL Power Company Limited NTPC Limited. : psuconnect.in
IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project
New Delhi : IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project. : saurenergy.com
GE Vernova Secures STAMC Project In Odisha
New Delhi : GE Vernova Secures STAMC Project In Odisha. : saurenergy.com
DVC Invites Bids for Land Survey for Solar Project in Jharkhand
New Delhi : DVC Invites Bids for Land Survey for Solar Project in Jharkhand. : mercomindia.com
SJVN launches 1.2 GW solar tender
New Delhi : SJVN has invited bids to develop 1.2 GW of solar power projects on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission system. SJVN will enter into a power purchase agreement (PPA) with the successful bidders for purchase of power for a period of 25 years. : pv-magazine.com
Adani Power Q4 result: Net profit down 48% at Rs 2,737 cr, revenue up 30%
New Delhi : Gautam Adani-led Adani Power on Wednesday reported a 47.8 per cent decline in consolidated net profit to Rs 2,737 crore for the quarter ended March 2024 (Q4FY24). The power company had reported a net profit of Rs 5,242 crore in the year-ago period (Q4FY23), according to its stock exchange filing. : Business Standard
Oil and Gas
Govt cuts windfall tax on crude oil, ONGC, OIL India Ltd to gain
New Delhi : The Government has cut the windfall tax on crude oil to Rs 8,400 a metric ton from Rs 9,600 with effect from Wednesday as part of its fortnightly revision. : Sarkaritel.com
IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project
New Delhi : IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project. : saurenergy.com
India’s oil import bill could swell to USD 101-104 bn in FY25: ICRA
New Delhi : India’s oil import bill could swell to USD 101-104 bn in FY25: ICRA. : Economic Times
ATF prices rise by 0.7%, commercial LPG down by Rs 19
New Delhi : ATF prices rise by 0.7%, commercial LPG down by Rs 19. : Economic Times
IOC shares decline over 4 pc as net profit halves in Q4
New Delhi : IOC shares decline over 4 pc as net profit halves in Q4. : Economic Times
Adani Total Gas Q4 Results Live : profit rise by 71.55% YOY
New Delhi : Adani Total Gas Q4 Results Live : Adani Total Gas declared their Q4 results on 30 Apr, 2024. The topline increased by 5.1% & the profit increased by 71.55% YoY. : Mint
Oil prices decline for third day as US crude production, inventories swell
New Delhi : Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world’s biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 1
New Delhi : Petrol and Diesel Prices On May 1, 2024: Today, on May 1, government oil companies have released new petrol and diesel prices across the country. Fuel prices are announced every day at 6 am. According to this, petrol and diesel prices have increased in some states today. : news18.com
Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill
New Delhi : India’s strategy of continuing to buy cheap oil from Russia despite Western pressures against these purchases has resulted in the saving of around $7.9 billion in the country’s oil import bill during the first 11 months of the fiscal year 2022-23 and also helped the country to lower its current account deficit. : Sarkaritel.com
Govt cuts windfall tax on crude petroleum
New Delhi : Govt cuts windfall tax on crude petroleum. : Economic Times
Prices of commercial LPG cylinders slashed by Rs 19; ATF rate hiked marginally
New Delhi : Government oil marketing companies on Wednesday slashed prices of commercial LPG gas cylinders by Rs 19 with immediate effect. : Economic Times
Car sales & summer heat fuel petrol demand in April
New Delhi : Car sales & summer heat fuel petrol demand in April. : Economic Times
Oil plunges to 7-week low ahead of US Fed verdict; Brent dips to $83/bbl in oversold territory
New Delhi : Oil prices plunged three per cent to hit a seven-week low on Wednesday, May 1, on a surprise build in US crude stocks ahead of the Federal Open Market Committee (FOMC) meeting outcome. : Mint
Petrol sales up 12.3%, diesel sales continues to decline in April
New Delhi : India’s petrol consumption soared 12.3 per cent in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on Wednesday. : Business Standard
OIL MARKETING COMPANIES SLASH PRICES OF LPG GAS CYLINDERS BY 19 RUPEES PER UNIT
New Delhi : Oil marketing companies have slashed the prices of commercial LPG gas cylinders by 19 rupees per unit with immediate effect. As per the Indian Oil website. : globalgreenews.com
