07-Nov-2024
Power
Power Grid posts Rs 3,793 crore Q2 net profit, declares interim dividend
New Delhi : State-owned Power Grid Corporation of India on Wednesday announced a consolidated net profit at Rs 3,793.02 crore in the July-September quarter of the current financial year in a regulatory filing. : Sarkaritel.com
NTPC, ONGC may join hands to acquire Ayana
New Delhi : NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. : Economic Times
Short-term power market grows 12% to 218 BU in FY24; renewable energy powers 32.5% of India’s grid
New Delhi : Short-term power market grows 12% to 218 BU in FY24; renewable energy powers 32.5% of India’s grid. : Economic Times
B’desh wanted more electricity from Tripura as it supplies 50-80 MW daily
Dhaka, Bangladesh : B’desh wanted more electricity from Tripura as it supplies 50-80 MW daily. : Economic Times
Masdar, Sarawak Energy, Gentari to explore floating solar project in Malaysia’s Murum reservoir
New Delhi : Masdar, Sarawak Energy, Gentari to explore floating solar project in Malaysia’s Murum reservoir. : Economic Times
Adani Group to Resume Power to Bangladesh Under New Terms, But Readies a Backup
New Delhi : Adani Group to Resume Power to Bangladesh Under New Terms, But Readies a Backup. : Mint
Reliance Power clears debt of Rosa Power focusing on green energy growth
New Delhi : Reliance Power announced today that its subsidiary, Rosa Power Supply Company, has fully repaid its remaining debt of Rs 485 crore to Singapore-based Varde Partners. : Business Standard
Waaree Energies secures 180 MWp solar module supply order
New Delhi : Waaree Energies announced today it has received an order to supply up to 180 MWp of solar modules to a renowned customer engaged in the business of owning, developing and operating renewable power projects in India. : pv-magazine.com
Power Grid Q2 net profit almost flat at Rs 3,793 crore
New Delhi : State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. : psuwatch.com
NTPC to invest Rs 80k cr for 6,400 MW thermal capacity, stock jump over by 0.8%
New Delhi : Power giant NTPC board has approved investment proposals worth about Rs 80,000 crore for thermal projects totaling 6,400 MW. : psuconnect.in
KP Green Energy Secures 1.0037 GW Order From GUVNL
New Delhi : KP Green Energy Secures 1.0037 GW Order From GUVNL. : saurenergy.com
AI takes centre stage in energy transition at ADIPEC 2024, leaders call for responsible use
New Delhi : AI takes centre stage in energy transition at ADIPEC 2024, leaders call for responsible use. : Economic Times
India in talks with Gulf, Asia nations for cross-border power grid links under OSOWOG
New Delhi : India in talks with Gulf, Asia nations for cross-border power grid links under OSOWOG. : Economic Times
ReNew will install solar power plants in kitchens of Akshaya Patra Foundation
New Delhi : ReNew will install solar power plants in kitchens of Akshaya Patra Foundation. : Economic Times
Reliance Power arm Rosa prepays ?485 crore to Varde Partners, turns ‘zero debt firm’
New Delhi : Rosa Power Supply Company, a subsidiary of Reliance Power, has prepaid a ?485-crore loan to Singapore-based lender Varde Partners. : Economic Times
Power Grid Corp Q2 results: Net profit rises 0.3% YoY to ?3,793 crore; company declares ?4.5/share interim dividend
New Delhi : Power Grid Corporation, a Maharatna Central Public Sector Undertaking (CPSU) and the largest electric power transmission company, reported a weaker-than-expected performance for the second quarter of financial year 2025 (Q2 FY25) on Wednesday, November 6. : Mint
GE Power India Q2 results: Net profit rises to Rs 67 cr on lower expenses
New Delhi : GE Power India on Wednesday reported a net profit of Rs 66.8 crore in the September 2024 quarter, aided by lower expenses. : Business Standard
Power Grid Corp Q2 results: Net profit almost flat at Rs 3,793 cr
New Delhi : State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. : Business Standard
India added ‘record’ 17.4 GW solar in first nine months of 2024, says JMK Research
New Delhi : India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW offgrid/distributed PV capacity. : pv-magazine.com
NTPC Board okays investment of Rs 79,738 cr for 3 super thermal power projects
New Delhi : The Board of Directors of NTPC Limited has approved investments of Rs 79,738.45 crore for Stage-II expansion of three super thermal power projects on November 5, the Maharatna PSU told the bourses. : psuwatch.com
NTPC Kaniha hosts successful Rural Volleyball Tournament
New Delhi : NTPC Kaniha organized a Rural Volleyball Tournament in its township on 5th November as a part of its Corporate Social Responsibility Activity. : psuconnect.in
NTPC Arm Floats Tender For Evacuation Of 755 MW Of Green Power
New Delhi : NTPC Arm Floats Tender For Evacuation Of 755 MW Of Green Power. : saurenergy.com
Oil and Gas
HPCL’s Green arm ties up with EIL for marketing hydrogen technology
New Delhi : HPCL’s Green arm ties up with EIL for marketing hydrogen technology. : Economic Times
Oil India Q2 Results Live: Profit Rise by 379.29% YOY
New Delhi : Oil India Q2 Results Live : Oil India has reported its Q2 results for the fiscal year 2024, announcing a remarkable profit increase of 379.29% year-on-year. This substantial growth comes despite a decline in revenue, which fell by 7.72% compared to the same period last year. : Mint
Govt to interview candidates for HPCL CMD position on November 13
New Delhi : The government is set to interview candidates for the post of Chairman and Managing Director (CMD) at Hindustan Petroleum Corporation Limited (HPCL) on November 13, said an official order accessed by PSU Watch. : psuwatch.com
ONGC, NTPC may join hands to acquire Ayana
New Delhi : NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. : Economic Times
HPCL plans to buy 43% more Iraqi oil in 2025, company source says
New Delhi : India’s state-run Hindustan Petroleum Corp Ltd is looking at raising its annual crude import deal with Iraq to 100,000 barrels per day (bpd) in 2025, a growth of about 43% from this year, a company source said. : Economic Times
Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74
New Delhi : Crude oil prices slid 2.5% on Wednesday, November 6, snapping a five-day winning streak, weighed down by a stronger US dollar as early reports suggested that Republican candidate Donald Trump is edging closer to securing a second term in the White House. : Mint
Gulf Oil Lubricants India Q2FY25 results: PAT grows 5% to Rs 84.44 cr
New Delhi : Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 6
New Delhi : Petrol, Diesel Prices Today On November 6, 2024: Every day at 6 a.m., oil marketing companies (OMCs) announce the price of petrol and diesel, maintaining consistency despite these commodities’ inherent volatility. : news18.com
US crude exports to Asia set to rise amid intensifying OPEC rivalry: S&P Global
New Delhi : US crude exports to Asia set to rise amid intensifying OPEC rivalry: S&P Global. : Economic Times
Decreased APM gas allocation, high LNG prices push up trade volumes on IGX in Oct
New Delhi : Decreased APM gas allocations to the City Gas Distribution (CGD) sector and high global Liquefied Natural Gas (LNG) prices pushed up trade volumes at the Indian Gas Exchange (IGX) in October as it traded 8 million MMBtu (201 MMSCM) of gas volumes. : psuwatch.com
Oil India Limited Reports H1FY25 PAT of Rs 4,085.46 Crore, 5.5% increase in crude oil production
New Delhi : Oil India Limited (OIL), a Maharatna CPSE and leading energy company in India has demonstrated continued momentum in crude oil and natural gas production by recording a 4.79% rise in crude oil output for Q2 FY25, achieving 0.875 MMT. : psuconnect.in
