July 3, 2026

MRPL - Mangalore Refinery and Petrochemicals Limited

Uncategorized

MEDIA UPDATE (OCTOBER 22, 2022)

Edited By : Ameya Sathaye
Published : October 22, 2022, 6:46 AM IST   |   24

22-Oct-2022

Power

635334517d2de

” New Delhi : NHPC, a premier hydro power Company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has paid a final dividend of Rs. 356.34 Crore to Government of India for the F.Y. 2021-22 on 19th September 2022.” : Sarkaritel.com

Ministry of Power Participates in Special Campaign 2.0

52c02120a4c0aNew Delhi : Ministry of Power, along with its CPSEs and Organisations, are participating in the Special Campaign 2.0 of Government of India from 2nd October to 31st October, 2022. : Sarkaritel.com

REC signed Rs 30,483 Cr agreement for 9 metro projects in Mumbai Region

524db06275b53New Delhi : In an event organized in Mumbai, REC Limited – A Maharatna CPSE under the Ministry of Power, signed a loan agreement of Rs 30,483 Crore with the Mumbai Metropolitan Region Development Authority (MMRDA) for nine metro projects being developed in the Mumbai Metropolitan Region (MMR). : psuconnect.in

NTPC CMHQ-Ranchi Swayamsiddha Ladies Club distributes Winter Blankets among associate members

526d57314ba45Ranchi : As part of noble initiative of Swayamsiddha Ladies Club, NTPC Coal Mining Headquarters, Ranchi distributed winter blankets to associates cum office supporting staff i.e members of Indian Coffee House (ICH), Private Security Guards, office assistants, Drivers, and House Keeping staff of NTPC Coal Mining Headquarters. : psuconnect.in

S.Africa’s energy transition plan needs $46.5 bln, five times pledges: sources

New Delhi : South Africa’s plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations have pledged to the project over the next three to five years, three people familiar with the matter told Reuters. : Economic Times

CIL starts 17 more first-mile connectivity projects worth Rs 11,000 crore

New Delhi : State-owned Coal India Limited (CIL) on Friday said it has started 17 more first-mile connectivity projects worth Rs 11,000 crore under the third phase. First-mile connectivity (FMC) refers to the transportation of coal from pitheads to dispatch poin : Economic Times

IEX trade volume dips over 11 pc to 23.1 bn units in Jul-Sept

New Delhi : The total trade volume of Indian Energy Exchange (IEX) dipped over 11 per cent to 23.1 billion units in the July-September quarter, compared to the year-ago period, due to supply-side constraints. The total trade volume of IEX was 26 billion units (BU) in July-September 2021, a company statement showed. : Economic Times

Feature: Apps help rooftop solar shine for Indian homes

Chennai : Just six months ago, New Delhi-based Avdesh Kumar was a painter struggling to find enough work. Now, the newly-trained solar technician’s phone pings with several job requests each day. : Economic Times

Coal import to be stopped by 2024: Pralhad Joshi

New Delhi : Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024. : Economic Times

IEX net profit falls 7% to ₹71.20 crore in July-September quarter

New Delhi : Indian Energy Exchange (IEX) on Friday reported nearly 7% fall in its consolidated net profit at ₹71.20 crore in September quarter compared to a year ago. : Mint

Solar projects can’t use concessional duty as govt seeks to curb imports

New Delhi : Solar power project developers will not be able to avail themselves of concessional import duty of 7.5 per cent and avoid the existing basic customs duty (BCD) levied on imports: the impact of a policy update that is likely to lead to increase the cost of production. : Business Standard

“Let the good thoughts prevail in every aspect of our lives”: NL Sharma, CMD, SJVN

Shimla : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN today addressed all the employees on the auspicious occasion of Diwali at Corporate Headquarters, Shimla. Sh. Nand Lal Sharma wished all a Happy Diwali and said the festival marks victory of good over evil, light over darkness and is a time for celebration with friends and family. : psuconnect.in

Saurabh Agrawal: New Chairman of Tata Power Renewable Energy Segment

New Delhi : Saurabh Agrawal: New Chairman of Tata Power Renewable Energy Segment. : saurenergy.com

ISA Decides On Solar Facility To Expedite Funding

New Delhi : ISA Decides On Solar Facility To Expedite Funding. : saurenergy.com

Daily News Wrap-Up: Hitachi Wins Deal to Supply Transformers for NTPC’s 4.75 GW Solar Park

New Delhi : Daily News Wrap-Up: Hitachi Wins Deal to Supply Transformers for NTPC’s 4.75 GW Solar Park. : mercomindia.com

Billionaire Adani to target Europe with huge Morocco clean energy project

New Delhi : Gautam Adani, Asia’s richest person, is in exploratory talks for a giant renewables project in Morocco, which would aim to supply electricity and emissions-free fuel to Europe. : Economic Times

Germany’s Steag details return of coal plants to power market

Frankfurt : Germany’s Steag gave details on Friday about the return and operation of 2,500 megawatts (MW) of coal-fired power station capacity to the wholesale market to help boost energy supplies this winter. : Economic Times

Italy’s Enel sells 50 per cent of its grid services unit to CVC

New Delhi : Italy’s biggest utility, Enel SpA, said on Thursday it reached a deal to sell 50 per cent of its grid service unit Gridspertise to private equity firm CVC for about 300 million euros ($293.37 million). : Economic Times

GUVNL Invites Bids to Procure Power from 500 MW Solar Projects with Greenshoe Option

New Delhi : GUVNL Invites Bids to Procure Power from 500 MW Solar Projects with Greenshoe Option. : mercomindia.com

SJVN to Develop 1 GW of Floating Solar Projects in Assam

New Delhi : SJVN to Develop 1 GW of Floating Solar Projects in Assam. : mercomindia.com

Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

New Delhi : Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022. : mercomindia.com

Spanish energy firm Everwood in talks to sell 6.1 GW solar assets portfolio: sources

London : Spain-based renewable energy investor Everwood Capital has hired Bank of America to sell a portfolio of 6.1 gigawatts (GW) of solar power plants in Europe and Latin America, according to four sources with knowledge of the deal. : Economic Times

Saudi, India seek to energise ties with undersea cables

New Delhi : The Gujarat coast could soon link up to the Middle East with deep sea cables, creating a renewable energy grid as India and Saudi Arabia explore a cross-country project borne on the tide of a new era of energy diplomacy, said people with knowledge of the matter. : Economic Times

Suzlon Energy’s Rs 1,200-crore rights issue oversubscribed by 1.8 times

New Delhi : Suzlon Energy on Thursday said that its Rs 1,200-crore rights issue has been subscribed by 1.8 times. “The (rights) issue resulted into subscription of 435.46 crore shares resulting into oversubscription by 1.8 times. : Economic Times

Amid coal imports, government says production to touch 900 million tonnes this fiscal

New Delhi : Even as the government has been forced to import 8 million tonnes of coal for this fiscal, Minister for Coal Pralhad Joshi on Thursday said that India’s dry fuel production will touch 900 million tonnes in the current fiscal. : Economic Times

Centre denies project import benefit for solar projects

New Delhi : The union government has shut the project import route used by solar project developers to circumvent the basic customs duty on solar modules and cells and pay lower duties. : Mint

Adani Group considers raising $10 bn debt in lower-cost debt, green bonds

New Delhi : Indian billionaire Gautam Adani’s group is looking to raise at least $10 billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline, according to people familiar with the plans. : Business Standard

CMD, IREDA delivers address on ‘Different methods of Renewable Energy Its Pros and Cons’

New Delhi : Shri Pradip Kumar Das, Chairman & Managing Director (CMD), Indian Renewable Energy Development Agency Limited (IREDA), delivered a session address at the Workshop cum Conclave on Green Hydrogen Energy on 20th October 2022 at IIT Delhi. : psuconnect.in

MPUVNL Invites RFP for 15 MW of Grid-Connected Rooftop Solar Plant

New Delhi : MPUVNL Invites RFP for 15 MW of Grid-Connected Rooftop Solar Plant. : saurenergy.com

First Solar will supply 700 MW solar modules to Silicon Ranch

New Delhi : First Solar will supply 700 MW solar modules to Silicon Ranch. : saurenergy.com

Baseload Capital Raises $24 Million To Bolster Geothermal Energy

New Delhi : Baseload Capital Raises $24 Million To Bolster Geothermal Energy. : saurenergy.com

Wind Turbine Maker Suzlon’s ₹2.4 Billion Rights Issue Oversubscribed

New Delhi : Wind Turbine Maker Suzlon’s ₹2.4 Billion Rights Issue Oversubscribed. : mercomindia.com

Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

New Delhi : Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21. : mercomindia.com

Bids Invited for 15 MW of Rooftop Solar Systems in Madhya Pradesh

New Delhi : Bids Invited for 15 MW of Rooftop Solar Systems in Madhya Pradesh. : mercomindia.com

Oil and Gas

NGT imposes Rs 18.35 cr fine on HPCL-Visakh Refinery for green violations

52c021b320336New Delhi : The National Green Tribunal has imposed a Rs 18.35 crore fine on Hindustan Petroleum Corporation Limited (HPCL)-Visakh Refinery over violation of environmental norms. : Sarkaritel.com

NGT orders Visakhapatnam HPCL plant to deposit Rs 18.3 crore for pollution

5a3dd294c89e1New Delhi : The National Green Tribunal (NGT), southern zone, on Thursday directed the HPCL refinery at Visakhapatnam to deposit Rs 18.3 crore for causing pollution and wilful disobedience of environmental laws. : Economic Times

Windfall tax impact: Reliance net profit flat in Q2 at Rs 13,656 crore

52c0214f2a5ecNew Delhi : Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company’s owners) of Rs 13,656 crore for the quarter ended September 30, 2022 (Q2). : Business Standard

Kazakhstan against rouble-only payments for Russian gas: minister

New Delhi : Russia’s partners in the Eurasian Economic Union (EEU), a post-Soviet trade bloc, should have a choice of currencies with which to pay for natural gas rather than be restricted to the Russian rouble, a senior Kazakh official said on Friday. : Economic Times

Deutsche Bank eyes 23 per cent cut in emissions tied to oil and gas loans by 2030

London : Deutsche Bank said on Friday it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23 per cent by 2030, as part of a series of targets to help it meet its climate commitments. : Economic Times

Oil falls as rate hike talk offsets fading China demand hopes

London : Oil slipped on Friday and was heading for a second weekly decline as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts by OPEC and its allies. : Economic Times

Protecting Norway’s gas exports a priority, says top security official

New Delhi : Protecting Norway’s gas exports to Europe against sabotage is a top priority for the country’s authorities, a senior security official told Reuters, including helping oil firms protect themselves against Russian attempts to gather intelligence. : Economic Times

Saudi Arabia defends output cut, says OPEC+ doing right job for stable mkt

New Delhi : OPEC kingpin Saudi Arabia on Friday defended the oil cartel and its partner’s decision to cut crude oil production, saying they were doing the right job to secure and stabilise the market. OPEC+ alliance “is doing the right job”, said Saudi Energy Minister Abdulaziz bin Salman here. : Economic Times

Germany wants EU to work with countries on new gas fields

New Delhi : Germany has called for European Union states to work with countries that can develop new gas fields, prompting concern from campaigners over the climate change commitments of Europe’s biggest economy as it scrambles to replace Russian gas. : Economic Times

US sets March date for Gulf of Mexico drilling auction

New Delhi : The Biden administration on Thursday said it will hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government’s new climate change law. : Economic Times

ADNOC invites banks to pitch for IPO of logistics unit: sources

New Delhi : State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit, two sources with knowledge of the matter said on Thursday. : Economic Times

US FERC says winter natgas prices will be up from recent years

New Delhi : Natural gas prices at major US trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission (FERC) said on Thursday. : Economic Times

Nikola expects Inflation Reduction Act to lower hydrogen, truck costs

New Delhi : Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy business, the electric vehicle maker said on Thursday. : Economic Times

Exxon selling Montana oil refinery to Par Pacific for $310 million

Houston : Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million. : Economic Times

Alberta’s Danielle Smith off to rocky start as Canadian oil province premier

New Delhi : Alberta Premier Danielle Smith’s tenure is off to a turbulent start in Canada’s main oil-producing province after she was forced to apologize for controversial comments in her first two weeks, and polls show her United Conservative Party (UCP) sliding against the opposition ahead of 2023 elections. : Economic Times

US sets March date for Gulf of Mexico drilling auction

New Delhi : The Biden administration on Thursday said it will hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government’s new climate change law. : Economic Times

Energy crunch pits Germany against frustrated EU leaders seeking gas cap

New Delhi : Several countries aired frustration on Thursday with Germany’s refusal to cap gas prices as European Union leaders looked set to end yet another debate on the bloc’s response to the energy crunch without agreement on the issue. : Economic Times

UCO Bank opens special rupee account with Russia’s Gazprombank

New Delhi : Russia’s Gazprombank opened a special rupee account with state-owned UCO Bank, paving the way for bilateral trades between Moscow and New Delhi, sources told ET. The move would help increase imports of cheaper oil from Russia. : Economic Times

Mexico muddies waters on oil hedge to avoid cost hikes from Wall Street, oil majors

New Delhi : Mexico has been requesting prices for its oil hedging program year round to make it harder for banks and oil majors, which sit on the other side of the mega deal, to hike prices, said Mexican Deputy Finance Minister Gabriel Yorio. : Economic Times

Mozambique’s first LNG exports to Europe seen by early November

New Delhi : Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region. : Economic Times

Volvo begins commercial trial of LNG-powered truck in India

Chennai : Volvo Trucks India initiated its switch towards alternate fuels with the commencement of commercial trials of its liquefied natural gas (LNG)-powered class leading FM 420 4X2 Tractor. : Economic Times

Russia poised to largely skirt new G7 oil price cap

London : Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow’s wartime revenue. : Economic Times

EU heads to focus on China, Iran after agreeing to disagree on gas cap

New Delhi : European Union leaders will discuss reducing their economic dependency on China, aiding Kyiv and punishing Iran for its involvement in the war that Russia is waging on Ukraine, when they meet for a second day of talks in Brussels on Friday. : Economic Times

Breakaway Moldovan region takes steps to limit gas consumption

New Delhi : The breakaway Moldovan region of Transdniestria announced emergency measures on Friday to limit gas consumption over concerns that Russian state gas company Gazprom will reduce supplies. : Economic Times

Somalia signs oil exploration agreement for seven blocks

New Delhi : Somalia has signed a petroleum exploration agreement for seven offshore blocks with United States-based Coastline Exploration, the company said in a statement on Friday. : Economic Times

Barclays sees ‘turbulence ahead’ for oil markets, cuts Brent forecast

New Delhi : Barclays has cut its Brent oil price forecasts for this year and 2023, flagging risks to demand from COVID-19 flare-ups in China and a broader global economic slowdown. : Economic Times

Do climate policies raise energy bills?

New Delhi : Numerous posts on social media blame climate-change policies for the surge in energy prices. AFP Fact Check asked experts whether the claim stands up. : Economic Times

EU leaders avoid deep rift on gas price cap at energy summit

New Delhi : European Union leaders struggled to find immediate practical solutions on how to deal with the energy crisis but avoided an open rift between Germany and France on Friday that would have exposed a divided bloc as it confronts Russian President Vladimir Putin over his war in Ukraine. : Economic Times

Weekly storage of natural gas in US increases: EIA

Houston : Working gas storage in the contiguous US was 3,342 billion cubic feet in the week ending October 14, a net increase of 111 billion cubic feet from the previous week, the US Energy Information Administration (EIA) has said in a latest report. : Economic Times

Opinion: Will the global energy shock spark a worldwide energy efficiency drive? Maguire

New Delhi : The global energy market shock that has sent power costs surging is causing plenty of pain, from soaring household utility bills to forced factory furloughs and massive government bail outs. : Economic Times

French oil refinery strikes begin to ease

Paris, France : After three weeks of blockades, strikes at sites owned by French oil giant TotalEnergies were starting to ease on Wednesday, although uncertainty remains over fuel supply as the country heads into the autumn holiday break. : Economic Times

Spain, France and Portugal agree on gas pipeline link

New Delhi : Spanish Prime Minister Pedro Sanchez said Spain, France and Portugal had agreed Thursday to build an energy pipeline linking the Iberian peninsula to the rest of Europe, reviving a project long-resisted by Paris. : Economic Times

UK’s Lloyds ditches project finance for new oil and gas fields

New Delhi : Britain’s biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lenders to push back on funding expansion of the industry. : Economic Times

Hungary will not agree to EU gas price cap, will need exemption

New Delhi : Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil. : Economic Times

Oil near flat as inflation concerns contend with potential quarantine easing in China

New Delhi : Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up. : Economic Times

European Union leaders avoid deep rift on gas price cap at energy summit

New Delhi : European Union leaders struggled to find immediate practical solutions on how to deal with the energy crisis but avoided an open rift between Germany and France on Friday that would have exposed a divided bloc as it confronts Russian President Vladimir Putin over his war in Ukraine. : Business Standard

Germany hails 1st delivery of ‘green’ hydrogen from UAE, to replace coal

New Delhi : Germany took formal delivery Friday of its first, modest, batch of hydrogen from the United Arab Emirates, a “green” fuel it hopes will help replace coal and gas used by energy-intensive industries in future. : Business Standard

Oil price wavers as rate hike talk offsets fading China demand hopes

New Delhi : Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption. : Business Standard

Oil near flat as inflation concerns contend with China’s quarantine ease

New Delhi : Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up. : Business Standard

Oil steadies as rate hike talk offsets China demand hopes, output cuts

New Delhi : Oil steadied on Friday as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts by OPEC and its allies. : Business Standard

India faces challenges in trying to reduce dependence on crude import: Report

New Delhi : India’s ambitious target of lowering its crude import dependence continues to face challenge, according to a report by S&P Global Commodity Insights on Friday. : Mint

Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan. Detailed Biography → https://www.sarkaritel.com/about-author/
Back to top