12-Nov-2024
Power
REC looks forward for fundraise worth Rs 5,000 crore through zero-coupon bonds
New Delhi : State-owned REC Ltd is looking to raise an additional Rs 5,000 crore in the current financial year (FY25) through the issuance of deep-discount zero-coupon bonds, according to sources. : psuconnect.in
Power Minister Congratulates NTPC for its contribution in power sector
New Delhi : Shri Manohar Lal, Hon’ble Union Minister of Power and Housing & Urban Affairs congratulated NTPC for its unparalleled contribution to the Indian power sector over the past five decades. : psuconnect.in
Power Grid Acquires Rajasthan Transmission Project
New Delhi : Power Grid Corporation of India Ltd on Monday said it has acquired a transmission project in Rajasthan. : rediff.com
BEE programmes to be showcased at international meet on SDGs to be held in Chitrakoot
Vijaywada : The Bureau of Energy Efficiency will present the impact of communication strategies driving the adoption of energy efficiency programmes at the 4th International Conference on Sustainable Development Goals (SDGs), scheduled to be held in Chitrakoot, India. : New Indian Express
PFC shares zoom out by 7.54%, despite EPS miss by -1.24%
New Delhi : PFC shares revived up to 22% from its recent highs of Rs 580, while the recent highest price target implies a potential upside of 51% from Friday’s closing levels. : psuconnect.in
Sterlite Power bags ?1,200 cr orders in Q2, key demand in conductors, cables
New Delhi : Sterlite Power bags ?1,200 cr orders in Q2, key demand in conductors, cables. : Economic Times
Coal import up 8% to 140.6 MT in April-Sept
New Delhi : Coal import up 8% to 140.6 MT in April-Sept. : Economic Times
How does Trump’s White House return fare for US-India clean energy ties?
Mumbai : How does Trump’s White House return fare for US-India clean energy ties?. : Economic Times
India’s captive and commercial coal output surpasses 100 MT, achieved 100 days earlier
New Delhi : India’s captive and commercial coal output surpasses 100 MT, achieved 100 days earlier. : Economic Times
Orient Green Power Q2FY25 results: Net profit falls 11% to Rs 66.46 cr
New Delhi : Orient Green Power Ltd on Monday reported an 11 per cent decline in consolidated net profit to Rs 66.46 crore for the July-September quarter of 2024-25 compared to Rs 75 crore profit in the year-ago period. : Business Standard
Saatvik Solar gets 200 MW solar module supply order
New Delhi : Saatvik Solar on Monday said it has bagged a 200 MW solar module supply contract from GH2 Solar. : psuwatch.com
COP29: IRENA calls to reflect global pledge to triple renewable power capacity by 2030
New Delhi : Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024. : Sarkaritel.com
5,000 E-cars for govt sector: Union minister Manohar Lal launches CESL’s ‘EV as a Service’ programme
New Delhi : 5,000 E-cars for govt sector: Union minister Manohar Lal launches CESL’s ‘EV as a Service’ programme. : Economic Times
Saatvik Solar signs 200MW supply deal with G2H Solar for India projects
New Delhi : Saatvik Solar signs 200MW supply deal with G2H Solar for India projects. : Economic Times
India’s Clean Energy Sector Sees Surge in FDI While Other Sectoral Investment Decline
New Delhi : India’s Clean Energy Sector Sees Surge in FDI While Other Sectoral Investment Decline. : Mint
Russia’s first deputy PM Manturov calls on Modi; discusses trade, energy
New Delhi : Russia’s First Deputy Prime Minister Denis Manturov called on Prime Minister Narendra Modi on Monday and the two leaders exchanged views on enhancing cooperation in various areas, such as trade and economic ties, energy and connectivity. : Business Standard
India’s solar PV module exports soared 23 times between FY 2022 and FY 2024
New Delhi : India exported around $2 billion worth of PV modules in fiscal year (FY) 2024. The export value of PV modules from India increased by more than 23 times in just two years between FY2022 and FY2024, according to a joint report by IEEFA and JMK Research. : pv-magazine.com
PSERC nixes PSPCL’s 2500-MW renewable power purchase plan
New Delhi : Punjab State Electricity Regulatory Commission (PSERC) has rejected the two power purchase agreements (PPAs) signed by Punjab State Power Corporation Limited (PSPCL) to buy 2500 MW of power from renewable energy resources. : Hindustan Times
Bihar Issues Tender For Solarisizing Feeders Under RESCO Mode
New Delhi : Bihar Issues Tender For Solarisizing Feeders Under RESCO Mode. : saurenergy.com
Saatvik Solar secures 200 MW PV module supply contract with GH2 Solar
New Delhi : Saatvik Solar has signed a contract with GH2 Solar to supply 200 MW of high-efficiency PV modules for various solar projects in India. Under the contract, Saatvik Solar will supply mono PERC bifacial half-cut PV modules, rated at 540/550 Wp. : pv-magazine.com
RECPDCL Hands Over Bikaner Power Transmission Projects to Power Grid Corporation to Boost Renewable Energy Infrastructure in Rajasthan
New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over 2 Nos. project specific SPVs (Special Purpose Vehicle). : thehansindia.com
Oil and Gas
” New Delhi : Mangalore Refinery and Petrochemicals Limited (MRPL) made an impressive mark at the 18th Global Convention of the Public Relations Council of India (PRCI), held in Mangaluru on November 8-9, 2024. Competing with 73 other organizations.” : Sarkaritel.com
ONGC Q2 Results: Profit up 17% to Rs 11,984 crore on lower levies
New Delhi : Oil and Natural Gas Corp (ONGC) reported a 17% year-on-year rise in profit to Rs 11,984 crore in the second quarter, aided by lower levies. : Economic Times
ONGC beats Q2 estimates with 34% profit increase; declares dividend
New Delhi : Oil and Natural Gas Corporation (ONGC) reported a strong performance for the second quarter of FY25, with net profit increasing 34% quarter-on-quarter to ?11,984 crore, surpassing the CNBC-TV18 poll estimate of ?8,825 crore. : cnbc.com
ONGC Q2 Results: Net profit falls 25% YoY to ?10,272.5 crore; interim dividend of ?6 per share declared
New Delhi : ONGC Q2 Results: Oil and Natural Gas Corporation Limited (ONGC) announced its July to September quarter results on Monday, November 11. : Mint
MRPL receives awards in eight categories in the PRCI conclave
New Delhi : Mangalore Refinery and Petrochemicals Limited (MRPL) emerged as a top performer, securing eight awards and finishing among the top three in the “PRCI Excellence Awards” for corporate entities in the recently concluded 18th Global Convention of the Public Relations Council of India (PRCI), held in Mangaluru. : Hindu
Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
New Delhi : Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU. : Economic Times
One worker dies in fire at IOCL refinery in Vadodara
Vadodara : A 32-year-old worker died in a fire triggered by a blast at the Indian Oil Corporation (IOCL) refinery in Vadodara city of Gujarat on Monday, an official said. IOCL said the blaze was reported at around 3:30 PM in a benzene storage tank and firefighting operations are currently underway. : Economic Times
Oil Bosses Have Big Hopes for the AI Boom
New Delhi : Oil Bosses Have Big Hopes for the AI Boom. : Mint
Massive blast rocks Indian Oil Corporation refinery in Vadodara
New Delhi : A massive blast rocked the Indian Oil Corporation refinery in Gujarat on Monday after a storage tank caught on fire. Visuals shared online showed smoke billowing out of the factory while workers rushed to evacuate. : Mint
ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax
New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) on Monday reported a 17 per cent rise in its second quarter net profit primarily because of lower windfall and other taxes. : Business Standard
Petrol, Diesel Price Today 11 November 2024 in Tripura, New Delhi, Nashik and Guwahati
New Delhi : Petrol, Diesel Price Today 11 November 2024: Oil prices continued to fall on Monday as concern over disruption in supply from a US storm reduced and China’s economic stimulus measure fell short of investor expectations for fuel demand growth in the world’s largest oil consumer. : Financial Express
ONGC declares results for Q2FY’25: Posts Net Profit of ?11,984 Crore,up by 17.1%; declares interim dividend of ?6.00 per share
New Delhi : In its 388thmeeting held on 11thNovember, 2024, ONGC Board approved the results for Second Quarter (Q2) of FY 2024-25. : Sarkaritel.com
ONGC Q2 net profit rises 17% to Rs 11,984 crore, firm declares Rs 6 interim dividend
New Delhi : Oil and Natural Gas Corporation Ltd (ONGC) on November 11 reported 17% jump in consolidated net profit at Rs 11,984 crore for the quarter ended September 30, 2024. The oil PSU reported standalone net profit of Rs 10,238 crore in the year-ago period. : Moneycontrol.com
ONGC Q2 Results: Net profit plunges by 25% YoY, dividend declared
New Delhi : State-owned Oil and Natural Gas Corporation reported a 17% rise in its second-quarter net profit primarily because of lower windfall and other taxes. : psuconnect.in
MRPL Sweeps Eight Prestigious Awards at PRCI Global Convention
Mangalore : Mangalore Refinery and Petrochemicals Limited (MRPL) made a stellar impression at the 18th Global Convention of the Public Relations Council of India (PRCI), held in Mangaluru on November 8-9, 2024. : manoramaonline.com
COP 29: Gujarat Delegation led by Minister of Finance, Energy and Petrochemicals
Ahmedabad : COP 29: Gujarat Delegation led by Minister of Finance, Energy and Petrochemicals. : Economic Times
INOX bags contract to build Bahamas’ first mini LNG terminal for cruise ship power
New Delhi : INOX bags contract to build Bahamas’ first mini LNG terminal for cruise ship power. : Economic Times
India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri
New Delhi : Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas-based economy from the imported crude based economy for its energy requirements. : Economic Times
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October, LSEG data shows
New Delhi : India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October, traders said and LSEG data showed. : Economic Times
Oil crashes over 2% on disappointing China stimulus; Brent drops below $73
New Delhi : Oil prices dropped around 2 per cent on Monday, November 11, after China’s stimulus plan disappointed investors, Reuters reported. : Mint
ONGC posts 17.05% rise in standalone net profit in Q2 FY25, declares dividend of Rs 6
New Delhi : State-run Oil and Natural Gas Corporation (ONGC) posted a 17.05 percent rise in standalone net profit at Rs 11,984.02 crore in Q2 of FY2024-25 on a year-on-year basis. : psuwatch.com
Massive fire breaks out at Indian Oil’s Vadodara refinery in Gujarat
Vadodara : A fire broke out in a 1,000-KL Benzene Storage Tank at Indian Oil’s Gujarat refinery in Vadodara on Monday afternoon and videos being shared on X, formerly known as Twitter, showed thick billowing smoke rising from the site from a distance. : psuwatch.com
