20-May-2023
Power
" New Delhi : In order to realize green energy and green hydrogen objectives and the GOI’s efforts towards energy transition, a Memorandum of Understanding (MoU) signed between NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) on 19th May 2023. The MoU was signed by Shri V. V. Sivakumar, GM(NGEL) and Shri Girish Ghildiyal, GM(HMEL) in the presence of Shri Mohit Bhargava, CEO(NGEL) and Shri Harak Banthia, CFO (HMEL)." : Sarkaritel.com
POWERGRID posts Profit After Tax (PAT) of ₹15,417 crore,Total Income ₹46,606 crore for FY23
New Delhi : Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced a PAT of ₹ 4,320 crore for Q4FY23 on a consolidated basis which is 4% increase over Q4FY22. The total income on consolidated basis for Q4FY23 rose by 13% to ₹ 12,557 crore compared to ₹ 11,068 crore for Q4FY22. : Sarkaritel.com
NTPC – FY23 Audited Results: Generation up by 10.95%; PAT up by 5.62% (Standalone)
New Delhi : The Country’s largest power generator- NTPC Ltd., with a present group installed capacity of 72,304 MW, has declared the financial results for FY23 on 19 May 2023. : Sarkaritel.com
PowerGrid Q4 FY23 Results Preview: Revenue likely to rise by more than 10% due to asset capitalization
New Delhi : PowerGrid Q4 Result Preview: PowerGrid — a state-run power transmission company — is likely to report a net profit of Rs 4222 crore for the quarter ended March 2023, boosted by stronger asset capitalisation, according to Zee Business research. : Zeebiz
NTPC Dulanga conducted Swachhta Drive at R&R Colony
New Delhi : With an emphasis on cleanliness and garbage disposal, R&R Colony residents and NTPC Dulanga officials conducted a Swachhta Drive as part of the "Swachhta Pakhwada 2023" initiative. : psuconnect.in
Power Grid Q4FY23 Results: Net profit up 4% at ₹4,320.43 crore, dividend declared
New Delhi : Power Grid Corporation of India Ltd on Friday reported an 4% year-on-year rise in its consolidated net profit for the fiscal's fourth quarter ended March (Q4FY23) to ₹4,320.43 crore. : Mint
Russian nuclear major takes part in G20 meet on energy transition
New Delhi : Russian nuclear major takes part in G20 meet on energy transition. : Economic Times
Government plans to 'float' offshore oil blocks-cum-wind farms
New Delhi : Government plans to 'float' offshore oil blocks-cum-wind farms. : Economic Times
Centre offers subsidy to make ships that deploy offshore wind projects and subsea Cables
New Delhi : Centre offers subsidy to make ships that deploy offshore wind projects and subsea Cables. : Economic Times
RUMSL Solicits Bids for Allotment of Pumped Hydro Storage Sites in MP
New Delhi : RUMSL Solicits Bids for Allotment of Pumped Hydro Storage Sites in MP. : saurenergy.com
Jharkhand's Consultancy Tender for 600 MW Floating Solar Project
New Delhi : Jharkhand's Consultancy Tender for 600 MW Floating Solar Project. : mercomindia.com
Maharashtra Invites Bids for 1 MW Ground-Mounted Solar Project
New Delhi : Maharashtra Invites Bids for 1 MW Ground-Mounted Solar Project. : mercomindia.com
Avaada, Ntpc, Adani Green Top Utility-Scale Solar Developers
New Delhi : Avaada, Ntpc, Adani Green Top Utility-Scale Solar Developers. : mercomindia.com
SKS Power's lenders to seek more time to seal resolution
New Delhi : SKS Power's lenders to seek more time to seal resolution. : Economic Times
MCD solar panel project to cover parking sites, recreational spaces
New Delhi : MCD solar panel project to cover parking sites, recreational spaces. : Economic Times
Suzlon bags 69 MW wind energy order
New Delhi : Suzlon bags 69 MW wind energy order. : Economic Times
Suzlon secures 69 MW wind energy order from Nordic Energy’s Indian subsidiary
New Delhi : Renewable energy solutions provider Suzlon on Friday said it has secured a 69 MW wind energy project from the Indian subsidiary of Nordic Energy Company. : Mint
Suzlon Energy secures fourth wind energy project order in less than a month
New Delhi : Suzlon Energy Limited has secured an order to set up 23 wind turbines with a rated capacity of 3 MW each, the company informed the BSE in its filing dated May 19. Suzlon has received this order from a leading Nordic Energy Company. : Business Standard
Oriana Power Commissions 2.7 MW Solar Rooftop Project in Haryana
New Delhi : Oriana Power Commissions 2.7 MW Solar Rooftop Project in Haryana. : saurenergy.com
UP Has The Highest Potential For Livelihoods With DRE: CEEW Study
New Delhi : UP Has The Highest Potential For Livelihoods With DRE: CEEW Study. : saurenergy.com
J&K Offers Mega Subsidies On Solar Panels, Solar Pumps
New Delhi : J&K Offers Mega Subsidies On Solar Panels, Solar Pumps. : saurenergy.com
Madhya Pradesh Invites Bids for 13.8 GW Pumped Hydro Storage Projects
New Delhi : Madhya Pradesh Invites Bids for 13.8 GW Pumped Hydro Storage Projects. : mercomindia.com
PFC Floats Transmission Tender to Evacuate Renewable Energy From Kanataka
New Delhi : PFC Floats Transmission Tender to Evacuate Renewable Energy From Kanataka. : mercomindia.com
Higher Generation and Lower Landed Cost Make Floating Solar Appealing: Interview
New Delhi : Higher Generation and Lower Landed Cost Make Floating Solar Appealing: Interview. : mercomindia.com
Maharashtra Approves Tariff of Rs. 3.3 for 150 MW of Solar Power
New Delhi : Maharashtra Approves Tariff of Rs. 3.3 for 150 MW of Solar Power. : mercomindia.com
Kerala govt mulls to launch new power purchase contracts
New Delhi : The Kerala government has sought the prospects of launching new contracts instead of Kerala State Electricity Board’s (KSEB) cancelled long-term power purchase agreements. : mathrubhumi.com
Work disruption in Talcher coalfields plague MCL; loses 2.3 MT coal production, despatch in 7 weeks
New Delhi : Uncalled for absence of contractors’ workers on Friday paralysed coal mining operations at Mahanadi Coalfields Limited’s (MCL) Talcher coalfields in Angul district of Odisha. : psuconnect.in
IREDA deliberates future collaboration and investment opportunities in Renewable Energy with Norfund
New Delhi : Shri Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Ltd. (IREDA) along with IREDA team visited the office of Norfund (Norwegian Investment Fund for developing countries) in Bangkok, Thailand today and discussed investment opportunities and collaborative funding models for RE development in India. : psuconnect.in
MNRE to Launch New Scheme To Boost Distributed Solar Energy: RK Singh
New Delhi : MNRE to Launch New Scheme To Boost Distributed Solar Energy: RK Singh. : saurenergy.com
PFC Invites Bids to Evacuate 7 GW of Power From Khavada Renewable Energy Park
New Delhi : PFC Invites Bids to Evacuate 7 GW of Power From Khavada Renewable Energy Park. : mercomindia.com
Himachal Pradesh Invites Bids for a 12 MW Solar Project
New Delhi : Himachal Pradesh Invites Bids for a 12 MW Solar Project. : mercomindia.com
Oil and Gas
" Mumbai : In a significant development in the decarbonization of the aviation sector, India’s first commercial passenger flight using an indigenously produced Sustainable Aviation Fuel (SAF) blend was successfully flown earlier on 19 May 2023." : psuconnect.in
" New Delhi : In order to realize green energy and green hydrogen objectives and the GOI’s efforts towards energy transition, a Memorandum of Understanding (MoU) signed between NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) on 19th May 2023. The MoU was signed by Shri V. V. Sivakumar, GM(NGEL) and Shri Girish Ghildiyal, GM(HMEL) in the presence of Shri Mohit Bhargava, CEO(NGEL) and Shri Harak Banthia, CFO (HMEL)." : Sarkaritel.com
Indian Oil eyes processing bio-naphtha for petrochemicals
New Delhi : Indian Oil Corp. (IOC.NS), the country's top refiner, said on Friday it is looking to decarbonise its petrochemical feedstocks by introducing bio-naphtha at its crackers. : Reuters
ONGC strikes oil and gas in Mumbai offshore’s OALP block
New Delhi : ONGC strikes oil and gas in Mumbai offshore’s OALP block. : Mint
Gail initiates legal proceedings against Gazprom for non-supply of LNG; files for arbitration in London
New Delhi : State-owned Gail India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG. The company's chairman and managing director SK Gupta said Gail is seeking damages from Gazprom, but declined to spell out the amount being pressed for. : Economic Times
Lower gas prices to push up India's FY24 gas demand by 7%: GAIL Chair
New Delhi : Lower gas prices to push up India's FY24 gas demand by 7%: GAIL Chair. : Economic Times
Gail to borrow up to Rs 7,000 cr domestically to fund Rs 10,000 cr capex plan in FY24
New Delhi : Gail to borrow up to Rs 7,000 cr domestically to fund Rs 10,000 cr capex plan in FY24. : Economic Times
Government plans to 'float' offshore oil blocks-cum-wind farms
New Delhi : Government plans to 'float' offshore oil blocks-cum-wind farms. : Economic Times
G20 collaboration crucial to realize full potential of biofuels, says petroleum secretary
New Delhi : It is important that G20 nations work together to tap into the full potential of biofuels to create a more sustainable future, said Pankaj Jain, secretary of ministry of Petroleum and Natural Gas (MoPNG), Pankaj Jain . : Mint
European gas price extends drop to under 30 euros
New Delhi : European gas price extends drop to under 30 euros. : Economic Times
Oil prices fall on strong dollar, sticky inflation
New Delhi : Oil prices fall on strong dollar, sticky inflation. : Economic Times
India eyes nationwide use of 1% sustainable aviation fuel by 2025, says Oil Minister
New Delhi : India plans to mandate the use of 1% of sustainable aviation fuel (SAF) for domestic airlines by 2025, oil minister Hardeep Singh Puri said on Friday, in a bid to cut emissions from the sector. : Economic Times
India on Biofuels: G20 countries can collaborate to achieve biofuels' full potential said Secretary MoP&NG
New Delhi : Secretary, Ministry of Petroleum and Natural Gas, Shri Pankaj Jain highlighted the role of Biofuels and the importance of G20 countries collaboration in achieving the full potential of biofuels, for a cleaner and greener tomorrow. : psuconnect.in
India to import 9 mn barrel of oil for its strategic reserve
New Delhi : India is considering refilling its strategic hoard of crude oil, joining the US as the world’s top guzzler begins to rebuild its depleted stockpiles after a period of drawdown. : Mint
Oil rebounds from losses on low risk of US debt ceiling, sour crude weakens despite OPEC+ cuts
New Delhi : Oil prices rebounded on May 19 from losses of more than 1 per cent the previous session as investors turned cautiously optimistic over the fading risk of a US debt default. : Mint
State's tax collection on petroleum products sees significant growth
Dehradun : The tax revenue collected by the Uttarakhand government from petroleum products has shown remarkable growth, reaching Rs 17,966.61 crore in the fiscal year 2021-22. : Times of India
Petrol and Diesel Rate Today, 19 May: Some cities see revision; Check rates in Delhi, Mumbai, other cities
New Delhi : Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Friday, 19 May across New Delhi, Kolkata, Mumbai, and Chennai. : Financial Express
