06-May-2024
Power
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
Gurgoan, Haryana : REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC has received a ‘No Objection Certificate’ (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. : Sarkaritel.com
REC gets RBI nod to set up subsidiary in GIFT City
New Delhi : State-owned REC Ltd on Sunday said it has received RBI’s approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. : Moneycontrol.com
REC Ltd receives RBI nod to establish GIFT City subsidiary
New Delhi : The subsidiary, slated to operate within GIFT, will undertake various financial activities, including lending, investment, and other financial services. : republicworld.com
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
New Delhi : REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech- City ( GIFT) in Gandhinagar, Gujarat. : theprint.in
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
First Solar posts higher quarterly profit on strong demand
New Delhi : First Solar posts higher quarterly profit on strong demand. : Economic Times
Pre-emptive steps, better planning help meet peak power demand in April
New Delhi : Better planning and advanced policy measures have ensured adequate power capacity availability without straining the supply chain as the country battles an unprecedented heat wave, said officials. : Economic Times
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
IREDA HOLDS 16TH STAKEHOLDERS’ MEET SUCCESSFULLY IN NEW DELHI
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) organized its 16th Stakeholders’ Interaction Meet at the India International Centre in New Delhi today, May 4, 2024. : globalgreenews.com
IREDA aims to play a pivotal role in achieving 500 GW RE capacity: CMD
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) organised its 16th Stakeholders’ Interaction Meet on Saturday at the India International Centre in New Delhi. : psuwatch.com
REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
New Delhi : According to the exchange filing made by the company, it has been informed that Rec Ltd has received “No Objection Certificate” from the Reserve Bank of India (RBI) for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (“GIFT”), Gandhinagar. : psuconnect.in
Adani Green Q4 results: Net profit down 39% at Rs 310 crore
New Delhi : Adani Green has reported its Q4 results, revealing a decline in net profit by 70% to Rs 150 crore from Rs 508 crore in the same period last year. Revenue also experienced a marginal decline of 2%, amounting to Rs 2,527 crore compared to Rs 2,587 crore year-on-year. : psuconnect.in
REC gets RBI nod to set up subsidiary in GIFT City
New Delhi : State-owned REC Ltd on Sunday said it has received RBI’s approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. : Economic Times
REC gets a Gift City invite! RBI okays plan to set up subsidiary in financial hub
New Delhi : State-owned REC has got RBI’s green light to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. : Business Today
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
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
New Delhi : REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech- City ( GIFT) in Gandhinagar, Gujarat. : millenniumpost.in
REC receives RBI approval to set up subsidiary in Gujarat’s GIFT City
New Delhi : State-owned REC Ltd on Sunday said it has received RBI’s approval to set up a subsidiary in GIFT City, Gujarat. : Business Standard
Tata Power Renewable signs PPA for 460 MW FDRE project with SJVN
New Delhi : Tata Power Renewable signs PPA for 460 MW FDRE project with SJVN. : Economic Times
NIIF-owned Ayana Renewable Power gets high five from bidders
New Delhi : NIIF-owned Ayana Renewable Power gets high five from bidders. : Economic Times
Thermal power plants have 68% of normative coal stocks, shows data
New Delhi : As many as 184 thermal power plants with a total generation capacity of 211 GW have 68 per cent of normative coal stock levels amid rising electricity demand due to soaring temperatures in the country. : Business Standard
REC GETS RBI NOD TO SET UP SUBSIDIARY IN GIFT CITY, GUJARAT
New Delhi : REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC has received a ‘No Objection Certificate’ (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. : globalgreenews.com
DVC collaborates with NPTI for learning and development
New Delhi : Damodar Valley Corporation (DVC) and National Power Training Institute (NPTI) have signed a memorandum of understanding (MoU) on May 2 at DVC HQ, Kolkata. : psuwatch.com
Baseline Survey for Girl Empowerment Mission at NTPC Bongaigaon
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. : psuconnect.in
Oil and Gas
MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong
New Delhi : Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 40.41 percent decrease in net profit for the fourth quarter of the fiscal year 2023-24, with a recorded amount of Rs 1,136.84 crore, down from the previous year’s Rs 1,907.98 crore in the same quarter. : psuconnect.in
MRPL records ?1,137cr profit after tax in Q4
Mangalore : Mangalore Refinery and Petrochemicals Limited (MRPL) has recorded a profit after tax (PAT) of Rs 1,137 crore during the fourth quarter of the financial year 2023-24 against Rs 1,908 crore in the corresponding period of 2022-23. : Times of India
MRPL Q4 net falls 40%; declares final dividend of ?2 per share
New Delhi : Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a profit after tax (PAT) of ?1,137 crore during the fourth quarter of the financial year 2023-24 against ?1,908 crore in the corresponding period of 2022-23, registering a decline of 40.41 per cent. : Business Line
Global biofuel alliance sets up three-pronged work plan, says govt
New Delhi : While it remains without a charter, or a permanent secretariat, the Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops, petroleum and natural gas ministry officials said. : Business Standard
MRPL records ?1,137cr profit after tax in Q4, Final Dividend of Rs 2 Declared
Mangalore : Mangalore Refinery and Petrochemicals Limited (MRPL) has recorded a profit after tax (PAT) of Rs 1,137 crore during the fourth quarter of the financial year 2023-24 against Rs 1,908 crore in the corresponding period of 2022-23. : Sarkaritel.com
MRPL Q4 PAT drops 40% YoY to Rs 1,137 cr; GRM reduces to $11.35/ barrel
New Delhi : Mangalore Refinery & Petrochemicals reported 40.41% decline in standalone net profit to Rs 1,136.84 crore in Q4 FY24 from Rs 1,907.98 crore recorded in Q4 FY23. : Business Standard
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
MRPL Q4 net profit slumps 40%, company declares dividend of ?2
New Delhi : Mangalore Refinery and Petrochemicals Ltd (MRPL) on Friday (May 3) reported a 40.5% year-on-year (YoY) decline in net profit at ?1,138.5 crore for the fourth quarter that ended March 31, 2024. : cnbc.com
Here’s how Western sanctions are strangling Russia’s Arctic gas ambitions
New Delhi : Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. : Business Standard
TSSEZL, Hygenco ink pact for setting up green ammonia & green hydrogen project in Odisha
New Delhi : Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) on Friday inked a memorandum of understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district. : psuwatch.com
