02-Nov-2024
Power
” New Delhi : NHPC, India’s premier hydropower company and a Navratna Enterprise of the Government of India observed ‘Rashtriya Ekta Diwas’ (National Unity Day) at its Corporate Office and across its various regional offices, power stations, projects and units on 31st October 2024 on the occasion of the Birth Anniversary of Sardar Vallabhbhai Patel.” : Sarkaritel.com
ALMM for solar cells to increase tariffs by 40-50 paisa per unit; diminish pace of capacity additions, says industry
New Delhi : ALMM for solar cells to increase tariffs by 40-50 paisa per unit; diminish pace of capacity additions, says industry. : Economic Times
Trom Industries secures Rs 33 cr orders from Gujarat Metro, Corona Remedies for solar projects
New Delhi : Trom Industries secures Rs 33 cr orders from Gujarat Metro, Corona Remedies for solar projects. : Economic Times
India’s power consumption rises marginally to 140.4 bn units in Oct
New Delhi : India’s power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 per cent to 139.44 BU from 113.94 BU in October 2022. : Economic Times
Adani Power stops Bangladesh’s power supply due to $846 million pending dues: Report
New Delhi : India’s Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has stopped half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. : Mint
Power consumption rises marginally to 140.4 billion units in October
New Delhi : India’s power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. : Business Standard
Solar module manufacturing capacity could exceed 1.5 TW by 2035, says IEA
New Delhi : Global solar module manufacturing capacity is set to exceed 1.5 TW by 2035, according to forecasts from the IEA. Its latest report, “Energy Technology Perspectives 2024,” covers the production of solar, wind turbines, electric cars, batteries, electrolyzers, and heat pumps. : pv-magazine.com
Tata Power records its highest ever quarterly profit of INR 1,533 crore
New Delhi : Tata Power, a private-sector integrated power company, has reported its 20th consecutive quarterly net profit (PAT) growth. : pv-magazine.com
NTPC Ltd, IIP Dehradun develops Indigenous Catalyst for Methanol production from Flue Gas CO2
New Delhi : The Research and Development wing of NTPC Ltd, NETRA, has developed Indigenous Catalyst for Hydrogenation of CO2 to Methanol in collaboration with Indian Institute of Petroleum (IIP), Dehradun. A catalyst is an essential component for any chemical synthesis. : psuconnect.in
India’s coal production sees 7.5 pc growth in October
New Delhi : India’s coal production reached 84.45 million tonnes (MT) in the month of October, surpassing 78.57 MT production in the corresponding month last year with 7.48 per cent growth, the government said on Friday. : Sarkaritel.com
Tata Power net profit rises nearly 8 pc to Rs 1,093 cr in Q2
New Delhi : Tata Power net profit rises nearly 8 pc to Rs 1,093 cr in Q2. : Economic Times
PM Suryaghar Yojana: Rooftop solar capacity surges over 50pc in just 6 months
New Delhi : PM Suryaghar Yojana: Rooftop solar capacity surges over 50pc in just 6 months. : Economic Times
October coal output rises 7.5%, captive production surges 41.7%
New Delhi : October coal output rises 7.5%, captive production surges 41.7%. : Economic Times
Two Adani firms sign pacts with MSEDCL to supply 6,500 MW power
New Delhi : Two Adani firms sign pacts with MSEDCL to supply 6,500 MW power. : Economic Times
Adani reduces power supply to Bangladesh by half over outstanding bills: Report
New Delhi : India’s Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has stopped half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. : Economic Times
Higher solar manufacturing, operational efficiency push Tata Power profit up 7.4%
Mumbai : Tata Power on Wednesday reported a 7.4% rise in consolidated net profit at ?1,093 crore for the quarter ended September 30. : Economic Times
ANIL’s solar module sales in H1 FY 2025 surpass 2 GW
New Delhi : Adani New Industries Ltd (ANIL), arm of Adani Enterprises, has reported a total income of INR 7,634 crore in the first six months of FY 2024-25, a stellar 99% increase compared to INR 3,837 crore in the same period of the previous fiscal. Profit before tax is 192% up year-on-year to INR 2,341 crore. : pv-magazine.com
NTPC tenders 1.8 GW hybrid wind-solar power projects
New Delhi : NTPC Ltd has invited online bids from hybrid power generators for supply of 1.2 GW of power from wind-solar hybrid power projects with greenshoe option of additional capacity up to 600 MW. : pv-magazine.com
SECI launches 1.2 GW renewables, storage tender
New Delhi : SECI has invited proposals for setting up renewable energy projects to supply 1.2 GW power on “round-the-clock” (RTC) basis from renewable energy projects in India. : pv-magazine.com
Coal India Limited Enters Golden Jubilee Year
New Delhi : Today, marks a significant milestone as, Coal India Limited enters the golden jubilee year. The day began with Chairman CIL, P.M. Prasad, along with the Functional Directors and CVO paying floral tributes at the Coal Martyrs’ Memorial. : indianpsu.com
POWERGRID Unchahar Transmission Limited Announces Board Changes
New Delhi : Powergrid Corporation in its regulatory filing today states that consequent upon superannuation of Shri Purshottam Agarwal from Power Grid Corporation of India Limited (POWERGRID). : psuconnect.in
Adani Group signs pacts with MSEDCL to supply 6,500 MW power
New Delhi : As a part of the Agreement, two Adani Group firms — Adani Power and Adani Renewable Energy Fifty Five Limited — will supply about 6,500 MW of power to Maharashtra State Electricity Distribution Company. : psuconnect.in
Oil and Gas
ONGC ups capex at Rs 15,550 crore in Q2
New Delhi : Oil and Natural Gas Corporation (ONGC) has accelerated its capital expenditure, spending about Rs 15,550 crore in the second quarter of this financial year, nearly double its first-quarter spending and making up nearly 40% of all state-run oil companies’ combined capex. : Economic Times
Supply adjustments loom to meet global oil demand in long-term
New Delhi : A weak global oil demand is weighing on the prices of crude oil and in the long-term, there could be supply adjustments to meet the demand but the appetite for additional volumes will mainly be driven by price stability, a report said on Thursday. : Sarkaritel.com
India, Saudi discuss ways to increase cooperation in fertilizers, petrochemicals, mining sectors
New Delhi : India, Saudi discuss ways to increase cooperation in fertilizers, petrochemicals, mining sectors. : Economic Times
Oil climbs more than $1/bbl on reports Iran preparing to strike at Israel
New Delhi : Oil climbs more than $1/bbl on reports Iran preparing to strike at Israel. : Economic Times
Energy giant Shell reports drop in third-quarter net profit
New Delhi : Energy giant Shell reports drop in third-quarter net profit. : Economic Times
Commercial LPG price hike: 19 Kg cylinder up by Rs 62, now Rs 1,802 in Delhi
New Delhi : Oil marketing companies increased the prices of commercial LPG gas cylinders on Friday, affecting businesses across the country soon after Diwali. : Economic Times
Petrol sales rebound on festival season, diesel demand continues to drop
New Delhi : India’s petrol consumption soared 7.3 per cent in October on the back of increased demand from the start of festive season but diesel sales were down 3.3 per cent, preliminary data of state-owned firms showed on Friday. : Economic Times
Diplomatic tension unlikely to impact IndianOil’s Canada gas assets
New Delhi : The diplomatic tension between India and Canada may not impact the operations of Indian oil marketing and refining major Indian Oil Corp. Ltd’s (IOC) Canadian subsidiary IndOil Montney Ltd, with dividend inflows to continue, said two people in the know of the developments. : Mint
Petrol sales rebound in festival season, diesel demand continues to drop
New Delhi : India’s petrol consumption soared 7.3 per cent in October on the back of increased demand from the start of festive season but diesel sales were down 3.3 per cent, preliminary data of state-owned firms showed on Friday. : Business Standard
Chevron beats profit expectations in Q3 on higher oil, gas production
New Delhi : Chevron Corp on Friday beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but overall earnings fell compared to the year-ago level. : Business Standard
CM Chandrababu Naidu Launches Deepam 2.0 Scheme, Provides Free Gas Cylinders To Eligible Families
New Delhi : Andhra Pradesh Chief Minister Chandrababu Naidu launched the Deepam 2.0 scheme today in Edupuram, Ichapuram Mandal, Srikakulam district, as part of the “Super Six Promises” initiative. This program provides free gas cylinders to eligible families, aiming to improve their quality of life. : globalgreenews.com
Engineers India signs MoU with Petroleum Ministry
New Delhi : Engineers India Limited (EIL) signed the Memorandum of Understanding (MoU) for 2024-25 with the Ministry of Petroleum & Natural Gas (MoP&NG) on October 30, 2024. : psuconnect.in
Secretary, Petroleum Ministry laid foundation stone for Advance Training Institute ONGC, Goa
New Delhi : Shri Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, Government of India laid the foundation stone for the Advance Training Institute (ATI) ONGC, Goa. : psuconnect.in
Sharp cut in low-cost gas allocation likely to impact CGD sector margins
New Delhi : Sharp cut in low-cost gas allocation likely to impact CGD sector margins. : Economic Times
Oil prices rise on optimism over solid US fuel demand
New Delhi : Oil prices rise on optimism over solid US fuel demand. : Economic Times
ATF price hiked by over 3 per cent in Delhi, Mumbai
New Delhi : Jet fuel, or aviation turbine fuel (ATF), saw a 3.3 per cent price hike on Friday, rising by Rs 2,941.5 per kilolitre to Rs 90,538.72 per kl in Delhi, as per state-owned fuel retailers. : Economic Times
Petrol, ATF sales surge 8.5% in Oct
New Delhi : Petrol and jet fuel sales jumped around 8.5% year-on-year in October on increased travel during the festive season, while diesel sales—mainly used in commercial long-haul transport—stagnated. : Economic Times
LPG price hike news: Commercial LPG gas cylinders price hiked by ?62. Check prices in Delhi, other cities
New Delhi : LPG Price Hike News: Oil marketing companies have announced a price increase for commercial LPG gas cylinders, effective immediately. The cost of a 19 kg commercial LPG cylinder has risen by ?62, setting the retail price in Delhi at ?1,802. : Mint
India, Saudi Arabia exploring collaboration in fintech, energy efficiency
New Delhi : India and Saudi Arabia are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles and mining to further boost trade and investment ties, an official statement said on Friday. : Business Standard
Jet fuel price hiked 3.3%, commercial LPG rises Rs 62 per cylinder
New Delhi : Jet fuel, or ATF, price on Friday was hiked by 3.3 per cent and rate of commercial LPG used in hotels and restaurants increased by Rs 62 per 19-kg cylinder in the monthly revision done in line with international oil price trends. : Business Standard
Saudi revives India investment plans amid shrinking market share
New Delhi : Saudi Arabia is reviving plans of investing in grassroot Indian refineries after Indian state-run refiners began evaluating proposals to reduce the share of expensive Saudi grades sourced under term contracts and substitute them with cheaper Russian oil, refining sources and government officials said, and ship tracking data showed. : Business Standard
