04-May-2024
Power
” New Delhi : The Baseline Survey for Girls Empowerment Mission (GEM) programme was conducted at NTPC Bongaigaon on 3rd May,2024. Aimed at empowering the government. School girls from nearby villages of NTPC-Bongaigaon, the programme attracted 13 girl students along with Parents and Teachers.” : Sarkaritel.com
” New Delhi : DVC and National Power Training Institute (NPTI) signed an Memorandum of Understanding on 02.05.2024 at DVC HQ, Kolkata to recalibrate their long term association through a formal agreement to foster learning and development and have agreed to work together in a collaborative and integrated manner with respect to capacity building of DVC employees in the following broad arenas:-” : Sarkaritel.com
REC gets RBI nod to set up wholly-owned subsidiary in IFSC, GIFT City, Gujarat
New Delhi : State-run non-banking finance company REC Limited has received a ‘No Objection Certificate’ (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat. : psuwatch.com
DVC inks MoU with National Power Training Institute
New Delhi : Damodar Valley Corporation and National Power Training Institute (NPTI) signed a Memorandum of Understanding on May 02, 2024, at DVC HQ, Kolkata. : psuconnect.in
First Solar posts higher quarterly profit on strong demand
New Delhi : First Solar posts higher quarterly profit on strong demand. : Economic Times
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
New Delhi : Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects. : Economic Times
AGEL secures $400 million financing for 750 MW solar projects
New Delhi : AGEL secures $400 million financing for 750 MW solar projects. : Economic Times
Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice
New Delhi : Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice. : Economic Times
EXCLUSIVE: Uniper’s dormant Russian gas contracts may pose hurdle to listing
New Delhi : EXCLUSIVE: Uniper’s dormant Russian gas contracts may pose hurdle to listing. : Economic Times
Fortum sells stake in 185 MW Indian solar portfolio
New Delhi : Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India, a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. : pv-magazine.com
Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project
New Delhi : Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project. : saurenergy.com
NTPC-REL Seeks Bids For 900 MW Project In Madya Pradesh
New Delhi : NTPC-REL Seeks Bids For 900 MW Project In Madya Pradesh. : saurenergy.com
SJVN’s Tender for 1.2 GW Solar Projects Across India
New Delhi : SJVN’s Tender for 1.2 GW Solar Projects Across India : mercomindia.com
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
New Delhi : Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project. : Economic Times
Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses
New Delhi : Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses. : Economic Times
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
New Delhi : India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties. : Economic Times
Adani Green Energy Q4 Results: Net profit plunges 70% to ?150 crore, revenue down 2% YoY
New Delhi : Adani Green Energy Q4 Results: Adani Green Energy announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Friday, May 3, reporting a drop of 70 per cent in net profit at ?150 crore, compared to ?508 crore in the corresponding period last year. : Mint
Adani Green Energy Q4 results: Net profit declines 39% to Rs 310 cr
New Delhi : Adani Green Energy Ltd (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to Rs 310 crore for the March quarter, mainly on account of increased expenses. : Business Standard
Adani Green secures $400 million for 750 MW solar projects
New Delhi : Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, announced this week that it has secured $400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat. : pv-magazine.com
Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
New Delhi : Sh. Sushil Sharma has assumed the additional charge of Chairman & Managing Director, and Director (Personnel), SJVN Limited. Presently, Sh. Sushil Sharma is serving as Director (Projects) in SJVN and has also been recommended for the post of CMD, SJVN after a rigorous selection process by the Public Enterprises Selection Board (PESB) on April 8, 2024. : psuconnect.in
AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project
New Delhi : AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project. : saurenergy.com
FY24: India’s Annual Solar Power Generation Increased By 14%: CEA
New Delhi : FY24: India’s Annual Solar Power Generation Increased By 14%: CEA. : saurenergy.com
Rajasthan Issues Tender To Procure 8000 MW Solar Power
New Delhi : Rajasthan Issues Tender To Procure 8000 MW Solar Power. : saurenergy.com
DISCOM Dues to Power Generations in April Drop to Rs.652 Billion
New Delhi : DISCOM Dues to Power Generations in April Drop to Rs.652 Billion. : mercomindia.com
Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project
New Delhi : Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has signed a power purchase agreement (PPA) with SJVN for a 460 MW firm and dispatchable renewable energy (FDRE) project. : pv-magazine.com
Inox Wind Q4 results: Net profit at Rs 37 crore, order book at 2.7 GW
New Delhi : Inox Wind Ltd on Friday reported a consolidated profit of Rs 36.72 crore for the March 2024 quarter, mainly due to increased income. : Business Standard
Oil and Gas
MRPL net profit tanks 40.41% in Q4FY24 year-on-year, final dividend of Rs 2 declared
New Delhi : Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a 40.41 percent decline in net profit year-on-year in Q4 FY2023-24 at Rs 1,136.84 crore. The net profit in the corresponding quarter of FY 2022-23 was 1,907.98 crore. : psuwatch.com
ONGC Ex-CMD Subhash Kumar Joins ACE as Director General
New Delhi : The Association of City Gas Distribution (CGD) Entities is a not-for-profit company established under Section 8 of the Companies Act, 2013, with the primary mission of promoting and advancing the City Gas Distribution (CGD) sector in India. : psuconnect.in
India’s Reliance starts trading US oil setting Brent oil benchmark
New Delhi : India’s Reliance starts trading US oil setting Brent oil benchmark. : Economic Times
Russia’s Urals oil prices for India stable in May, traders say
New Delhi : Russia’s Urals oil prices for India stable in May, traders say. : Economic Times
IGX sees 123 per cent monthly growth in trading volumes in April amid lower LNG prices
New Delhi : IGX sees 123 per cent monthly growth in trading volumes in April amid lower LNG prices. : Economic Times
Oil prices set for steepest weekly drop in 3 months
New Delhi : Oil prices set for steepest weekly drop in 3 months. : Economic Times
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
New Delhi : India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties. : Economic Times
Share of Russian crude in India’s imports rises to nearly 40% in April
New Delhi : Russia increased its share in Indian crude oil imports to nearly 40% in April from 30% in March, closing in on its all-time peak of 42% last July, as higher global oil prices pushed Indian refiners to increase intake of discounted Russian barrels to reduce their average crude purchase cost. : Economic Times
Fossil fuel capacity grows 2.44% in FY24; non fossil-fuel rises 11%
New Delhi : The country’s fossil fuel-based power generation capacity increased 2.44 per cent to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. : Business Standard
19% surge in power sector gas consumption in 2023 due to heat waves
New Delhi : According to the Gas Exporting Countries Forum (GECF) annual gas market report of 2024, India has become the world’s third-largest energy consumer, with its consumption increasing by 15% YoY to 65 BCM in 2023. : psuconnect.in
Crude oil prices set for steepest weekly drop in three months
New Delhi : Oil prices edged up on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks. : Indian Express
India’s fossil fuel capacity grows 2.44 pc in FY24; non fossil-fuel rises 11 pc: Govt data
New Delhi : India’s fossil fuel capacity grows 2.44 pc in FY24; non fossil-fuel rises 11 pc: Govt data. : Economic Times
India eyes 5 million tonne of green hydrogen by 2030 with new technologies
New Delhi : India eyes 5 million tonne of green hydrogen by 2030 with new technologies. : Economic Times
Petroleum product consumption in 2023-24 grows by 4.6%, LPG and diesel lead the way
New Delhi : Petroleum product consumption in 2023-24 grows by 4.6%, LPG and diesel lead the way. : Economic Times
Venezuelan oil exports fall on US sanctions, lower sales to Asia
New Delhi : Venezuelan oil exports fall on US sanctions, lower sales to Asia. : Economic Times
India’s fossil fuel capacity grows 2.44 pc in FY24; non fossil-fuel rises 11 pc: Govt data
New Delhi : The country’s fossil fuel-based power generation capacity increased 2.44 per cent to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. : Economic Times
Slipping profits in Q4FY24 due to inventory loss, says Indian Oil
New Delhi : State-run Indian Oil Corporation Limited (IOCL) has blamed inventory loss for the nearly 50 per cent fall in year-on-year net profit in the fourth quarter (January-March) of FY24. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 3
New Delhi : Petrol and Diesel Prices On May 3, 2024:Oil marketing companies have released petrol and diesel prices for May 3, 2024. The price of petrol and diesel is released daily. In such a situation, the driver should get petrol refilled after checking the latest rates. Let us tell you that fuel prices are different in all the cities. : news18.com
