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MEDIA UPDATE (May 25, 2024)

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25-May-2024

Power

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” New Delhi : NHPC, India’s premier hydropower company has been conferred with the prestigious ‘The Economic Times HR World Future Ready Organization Award 2024-25’. The Award was received by Uttam Lal, Director (Personnel), NHPC along with Lucas Guria, Executive Director (HR) and a team of NHPC officers at a glittering Awards Ceremony held in Mumbai on 23rd May 2024.” : Sarkaritel.com

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” New Delhi : In resonance with the nationwide Swachhata Pakhwada initiative observed from 16th to 31st May 2024, NTPC Bongaigaon orchestrated a dynamic series of events aimed at instilling a culture of cleanliness and hygiene within its community.” : Sarkaritel.com

NTPC Unchahar, Plethora Of Programs Underway As Part Of Cleanliness Fortnight Initiative

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New Delhi : Under the Cleanliness Fortnight organized by NTPC Unchahar, various initiatives are being carried out to integrate with the Swachh Bharat Mission, fostering a sense of public responsibility towards cleanliness. : indianpsu.com

NHPC Conferred With ‘The Economic Times HR World Future Ready Organization Award 2024-25’

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New Delhi : NHPC, India’s premier hydropower PSU, has been conferred with the prestigious ‘The Economic Times HR World Future Ready Organization Award 2024-25’. : indianpsu.com

NTPC net profit rises 33% to Rs 6,490 crore in Q4 of FY’24

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New Delhi : Mahartana power giant NTPC Limited on Friday posted a 33 percent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter (Q4 FY’24), mainly on the back of higher revenues. : psuwatch.com

Tata Power seeks up to $1 billion loan for clean energy projects

New Delhi : Tata Power seeks up to $1 billion loan for clean energy projects. : Economic Times

HC rejects Infosys plea against TANGEDCO”s demand of Rs 6.73 crore

New Delhi : HC rejects Infosys plea against TANGEDCO”s demand of Rs 6.73 crore. : Economic Times

DAE secretary meets Rosatom DG, discusses ways to enhance nuclear cooperation

New Delhi : DAE secretary meets Rosatom DG, discusses ways to enhance nuclear cooperation. : Economic Times

Ready to build high-capacity nuclear power units at new site in India: Russia

New Delhi : Russia has said it is ready for serious expansion of cooperation with India in the area of atomic energy, including building high-capacity nuclear power units at a new site in India. : Economic Times

KPTCL recruits 902 personnel to ensure efficient power supply in Karnataka

New Delhi : KPTCL recruits 902 personnel to ensure efficient power supply in Karnataka. : Economic Times

Suzlon Energy profit down 21 pc to Rs 254 cr in Q4

New Delhi : Suzlon Energy profit down 21 pc to Rs 254 cr in Q4. : Economic Times

NTPC Q4 Results: Net profit drops 2% to ?5,556 crore, revenue up 3% YoY; dividend declared

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New Delhi : NTPC Q4 Results: NTPC announced its January-March quarter results for fiscal 2023-23 (Q4FY24) on Friday, reporting a drop of two per cent in standalone net profit at ?5,556.4 crore, compared to ?5,672.3 crore in the corresponding period last year. : Mint

NTPC Successfully Concludes National Finale Of Power Quiz 2024 And Medha Pratiyogita 2024 At PMI, Noida

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New Delhi : NTPC proudly hosted the National Finales of the Power Quiz 2024 and Medha Pratiyogita 2024 at the Power Management Institute (PMI), Noida, celebrating a remarkable journey of learning, knowledge sharing, and healthy competition among employees and their families. : indianpsu.com

Ajay Kumar Sharma set to be next Director (Personnel) of SJVN

New Delhi : Ajay Kumar Sharma is set to be next Director (Personnel) of SJVN Limited, a Shimla-based PSU under the Ministry of Power. He has been recommended for the post by the Public Enterprises Selection Board (PESB) Panel on Friday. : psuwatch.com

NTPC Concludes National Finale of Power Quiz 2024 and Medha Pratiyogita 2024 at PMI, Noida

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Mumbai : NTPC proudly hosted the National Finales of the Power Quiz 2024 and Medha Pratiyogita 2024 at the Power Management Institute (PMI), Noida, celebrating a remarkable journey of learning, knowledge sharing, and healthy competition among employees and their families. : psuconnect.in

NTPC Awards 1,050 MWp Solar Project to Avaada Energy

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New Delhi : Avaada Energy has secured a solar project of 1,050 megawatt peak through bidding. The auction was conducted by NTPC, a Renewable Energy Implementing Agency, Avaada Energy, as per the official statement. : psuconnect.in

Avaada, Apraava, ReNew & JSW Bag NTPC’s 1.5 GW Solar Contract

New Delhi : Avaada, Apraava, ReNew & JSW Bag NTPC’s 1.5 GW Solar Contract. : saurenergy.com

Avaada Energy bags 1,050 MWp solar project

New Delhi : Avaada Energy bags 1,050 MWp solar project. : Economic Times

Smart power meters not overcharging, ‘check meters’ to be installed for comparison: Gujarat govt

New Delhi : Smart power meters not overcharging, ‘check meters’ to be installed for comparison: Gujarat govt. : Economic Times

Siemens likely to transfer Siemens Energy stake to pension fund, CFO says

New Delhi : Siemens likely to transfer Siemens Energy stake to pension fund, CFO says. : Economic Times

Peak power demand breaches estimated 235-GW mark for May

New Delhi : The peak power demand in India breached the estimated 235-GW mark for daytime on May 23 as heat wave conditions and above normal temperature continue for the last several days. : Economic Times

Suzlon Energy Q4 results: Net profit declines 21% to Rs 254 crore

New Delhi : Renewable energy solutions provider Suzlon Energy on Friday reported nearly 21 per cent decline in consolidated net profit to Rs 254 crore in the March quarter mainly due to certain exceptional items. : Business Standard

India expected to install 21.2 GW of solar in FY 2025

New Delhi : JMK Research expects India to install about 21.2 GW of new solar capacity in FY 2025 ending March 31, 2025. Around 16.5 GW of this will come from utility-scale pv installations, 4 GW from rooftop solar, and another 700 MW from off-grid systems. : pv-magazine.com

Peak power demand surpasses Govt’s projection for May, touches season’s high at 237 GW

New Delhi : India’s peak power demand hit the season’s high of 236.59 GW on May 23, a day after touching 235.06 GW, mainly due to intense heatwave conditions prevailing across most of India and increased use of cooling appliances like air conditioners and coolers. : psuwatch.com

GERC Proposes Fixing Timelines For Rooftop Solar Connections

New Delhi : GERC Proposes Fixing Timelines For Rooftop Solar Connections. : saurenergy.com

Q4 Results: Suzlon Reports 30% Rise In Revenue, 20% Dip In PAT

New Delhi : Q4 Results: Suzlon Reports 30% Rise In Revenue, 20% Dip In PAT. : saurenergy.com

Adani Solar to expand business base in Kerala, sees huge potential in state

New Delhi : Adani Solar on Friday said it will be expanding its business in Kerala as the southern state has huge potential in the solar energy market. : Business Standard

Suzlon Energy Q4 Results: Net profit down 21% to ?254 crore over exceptional items

New Delhi : Renewable energy solutions provider Suzlon Energy on Friday reported a nearly 21% decline in consolidated net profit to ?254 crore in the March quarter, mainly due to certain exceptional items. : Mint

India Is Now 3rd-Largest Solar Power Generator : Ember

New Delhi : Global Electricity Review 2024, annual report by energy think tank Ember, says that for the 1st time in the world, renewable energy is accounting for 30% of total energy generation. : indianpsu.com


Oil and Gas

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” New Delhi : Marking a major step towards foraying into new and alternate energy and inline with the National Green Hydrogen Mission, GAIL (India) Limited has installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh, which was inaugurated by Secretary, Ministry of Petroleum & Natural Gas, Pankaj Jain, in an event organized today, wherein GAIL Chairman and Managing Director Sandeep Gupta, Director (Projects) Deepak Gupta, Director (Human Resources) Ayush Gupta and other Senior Officials were also present.” : Sarkaritel.com

Indian Oil acquires oil & gas E&P company for Rs 154 cr

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New Delhi : State-run Indian Oil Corporation Limited (IOCL) has acquired Mercator Petroleum Limited (MPL) for Rs 154 crore, the oil retailer told the bourses in a regulatory filing on Friday. : psuwatch.com

ONGC to build new gas well at Ranaghat

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New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) announced fresh gas discoveries and record annual profit in 2023-24 even as production volumes dipped slightly. : psuconnect.in

IndianOil Exports Premium Fuel XP100 to Sri Lanka

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New Delhi : India’s energy major, IndianOil, exported its first-ever parcel of the superior 100 octane premium fuel, XP100 from Jawaharlal Nehru Port Trust (JNPT), Nava Sheva, Navi Mumbai today. Tailored for premium high-end vehicles, XP100 is set to offer superior performance for its customers in Sri Lanka. : psuconnect.in

MRPL won an Award in the Technical Paper Contest

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New Delhi : Mangalore Refinery and Petrochemicals Limited, is a division of Oil and Natural Gas Corporation (MRPL) participated in a National seminar organized by the Society of Power and Energy Professionals, a registered Non-profit Organization professional body, held in Mumbai on April 27, 2024. : psuconnect.in

India to get next-gen nuclear fuel this summer, says Russian official

New Delhi : Russian state nuclear corporation-Rosatom head Alexey Likhachev said that India will get next-generation nuclear fuel this summer, further calling India a key partner in the nuclear area, reported Russia Today(RT). : Business Standard

Petrol Diesel Price Today: Check Latest Fuel Prices In Your City On May 24

New Delhi : Petrol and Diesel Prices On May 24, 2024: Fresh petrol and diesel prices have been released nationwide on Friday, May 24. Fuel prices in the country are decided based on international crude oil prices. Because of this, the effect of change in crude oil prices is seen in petrol and diesel prices in the country. : news18.com

CEZ: ICC tribunal bans Gazprom from placing gas dispute at Russian court

New Delhi : CEZ: ICC tribunal bans Gazprom from placing gas dispute at Russian court. : Economic Times

What is OPEC+ and how does it affect oil prices?

New Delhi : What is OPEC+ and how does it affect oil prices?. : Economic Times

India’s use of crude tankers to export diesel slows in May

New Delhi : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said. : Economic Times

India’s crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC

New Delhi : India’s crude oil imports increased by seven per cent year-on-year (YoY) in April 2024 and the net import bill for oil and gas hit $12.3 billion, compared to $10.1 billion in the corresponding period last year. : Mint

Saudi Aramco interested in buying minority stake in Repsol’s renewable unit, sources say

London : State-controlled oil company Saudi Aramco is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol, two people familiar with the matter told Reuters. : Mint

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