21-Oct-2024
Power
BEML, PFC ink pact to finance, execute infrastructure projects in defence, rail transportation
New Delhi : Defence PSU BEML Limited on Saturday said that it has entered in to an MoU with Power Finance Corporation (PFC) Limited. : psuwatch.com
Third phase of Uhl project to start power generation by Jan 2025: Himachal CM
Shimla : Third phase of Uhl project to start power generation by Jan 2025: Himachal CM. : Economic Times
Power plants may not need to install Sulphur removing gear as study shows emissions are not impacting air quality
New Delhi : India could halt installation and award of new flue gas desulphurisation (FGD) units at public sector coal-based power plants as a recent study found that sulphur dioxide emissions from Indian coal-based power plants were not adversely impacting ambient air quality. : Economic Times
NCLT rejects REC plea against global metal over default date
New Delhi : The bankruptcy tribunal rejected REC Ltd’s application against Global Metal & Energy Pvt Ltd, saying the default occurred when initiation of insolvency proceedings was barred amid the Covid disruption and that a lender cannot change the date of default by issuing a fresh notice after the end of the prohibited period. : Economic Times
Meeting 2030 target may push India’s solar imports to $30 bn per yr: GTRI
New Delhi : The country’s target of installing 500 GW of renewable energy by 2030 may push solar equipment import bill to about USD 30 billion per year and increase dependence on Chinese goods, think tank GTRI said in a report on Sunday. : Business Standard
Waaree Energies collects Rs 1,277 crore from anchor investors ahead of IPO
New Delhi : Solar panel maker Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors days before its initial share-sale opening for public subscription. : psuwatch.com
BEML Ltd & PFC Ltd signs landmark MoU to bolster collaboration in Rail Infrastructure & Defence Sectors
New Delhi : In a significant step towards accelerating national infrastructure and defence capabilities, BEML Limited, one of India’s leading heavy equipment manufacturer (under the Ministry of Defence), and Power Finance Corporation (PFC) Limited. : psuconnect.in
Government receives 44 proposals in the 10th round of commercial coal mine bidding
New Delhi : The government announced on Friday that it has received 44 proposals for 67 coal blocks made available for sale in the 10th round of commercial mine auctions. A total of 44 submissions were made in physical format. In June, the coal ministry offered 67 coal mines for auction as part of the 10th round of commercial mine bidding. : psuconnect.in
ACME Solar Holdings arm inks pact to supply power from 150 mw hybrid solar project
New Delhi : ACME Solar Holdings arm inks pact to supply power from 150 mw hybrid solar project. : Economic Times
Azure Power secures REC and HSBC refinancing, completes early bond prepayment
New Delhi : Azure Power Global Ltd, a renewable power producer in India, announced this week the successful completion of its INR 24 billion refinancing transaction, structured as an INR Term Loan underwritten solely by REC Ltd. : pv-magazine.com
Punjab govt should handover century-old Shanan Power Project to Himachal Sukhu
Shimla : Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday said that it was time for the Punjab government to handover the century-old Shanan Power Project to the state. : theweek.in
Oil and Gas
” Mumbai : Hindustan Petroleum Corporation Limited (HPCL) has earned widespread recognition for its exemplary Corporate Social Responsibility (CSR) efforts, solidifying its position as a leader in sustainable community development. The company’s dedication to social responsibility has been acknowledged through numerous prestigious awards.” : Sarkaritel.com
Vedanta to invest Rs 1 lakh cr in Odisha to set up alumina refinery, aluminium plant
New Delhi : Vedanta to invest Rs 1 lakh cr in Odisha to set up alumina refinery, aluminium plant. : Economic Times
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
New Delhi : Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook. : Economic Times
India’s HPCL to start LNG terminal around year-end, seeks term supply, sources say
New Delhi : India’s Hindustan Petroleum Corp (HPCL) is seeking a liquefied natural gas (LNG) cargo to commission its new import terminal in December or January, and is in talks with between eight and nine companies for long-term supply, three sources said. : Economic Times
Mangalore Refinery & Petrochemicals Q2 results: loss at ?696.94Cr, Revenue increased by 26.01% YoY
New Delhi : Mangalore Refinery & Petrochemicals Q2 Results Live : Mangalore Refinery & Petrochemicals declared its Q2 results on October 18, 2024, reporting a significant increase in revenue but a notable loss. : Mint
India’s crude oil import bill surge 12% in H1 FY25 amid domestic slump
New Delhi : India’s crude oil import expenditure saw a 12 per cent rise during the first half of FY25, reaching $71.3 billion, compared to $63.7 billion in the same period of FY24, according to data released by the Petroleum Planning and Analysis Cell. : Business Standard
Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut
New Delhi : India’s leading city gas distributors Mahanagar Gas Ltd (MGL) and Indraprastha Gas Ltd (IGL), may raise prices after the government reduced their gas allocation under the Administered Price Mechanism (APM) by 20 per cent. : Business Standard
India eyes $87 bn investment in petrochemicals over next decade: Puri
New Delhi : India is expected to receive investments worth $87 billion in the next decade to meet the nation’s rising demand for petrochemicals, the country’s oil minister Hardeep Singh Puri said on Friday. : Business Standard
Govt approves three pilot projects in steel production under National Green Hydrogen Mission
New Delhi : As part of the National Green Hydrogen Mission, the union government has sanctioned three pilot projects for use of hydrogen in steel production. : pv-magazine.com
Oil prices set for biggest weekly loss in over a month on demand worries
London : Oil prices set for biggest weekly loss in over a month on demand worries. : Economic Times
India eyes $87 bn investment in petrochemicals sector over next decade, says minister
New Delhi : India eyes $87 bn investment in petrochemicals sector over next decade, says minister. : Economic Times
CNG price may go up Rs 4-6 on input supply cut, excise duty cut to ease situation
New Delhi : The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers — a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. : Economic Times
ONGC, BPCL eye international partner for new refineries
New Delhi : State-run Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation (BPCL) are separately looking to rope in a foreign partner for the greenfield petroleum refineries they are planning to set up, said people aware of the development. : Economic Times
Wildlife board defers Vedanta’s oil exploration plans in Hollongapar Gibbon Sanctuary
New Delhi : The standing committee of the National Board for Wildlife (NBWL) has deferred its nod for oil exploration in the eco-sensitive zone of Hollongapar Gibbon Wildlife Sanctuary in Jorhat district by the Vedanta Group until a site visit is carried out. : Economic Times
CNG prices may go up by ?6, here’s the reason
New Delhi : There might be a hike of ?4-6 per kg in the price of CNG sold to automobiles as the centre has cut almost 20 per cent of cheaper domestically produced natural gas supply to city retailers, news agency PTI reported. : Mint
Eyeing $87 bn investment in petrochemicals sector over next decade: Puri
New Delhi : India is expected to receive investments worth $87 billion in the next decade to meet the nation’s rising demand for petrochemicals, the country’s oil minister Hardeep Singh Puri said on Friday. : Business Standard
CNG price may go up Rs 4-6 on supply cut, excise duty reduction to ease
New Delhi : The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers — a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. : Business Standard
World Biogas Association India Congress 2024 to take place in New Delhi from Oct 23-24
New Delhi : The World Biogas Association INDIA Congress 2024 is set to take place from October 23 to 24 at Le Méridien in New Delhi. : psuwatch.com
BPCL Mumbai Refinery Inaugurates Commercial Use of Indigenous FCC Bottoms Cracking Additive ‘BHARAT BCA’
Mumbai : Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ company, has proudly announced the commercialization of its indigenously developed FCC Bottoms Cracking Additive, “BHARAT BCA,” at the Mumbai Refinery. : psuconnect.in
