25-Oct-2024
Power
” New Delhi : With the vision of Prime Minister Narendra Modi,for energy security with sustainable energy generation, under the guidance of nion Minister of Coal and Mines Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey, and in line with corporate plan for aggressive capacity addition, NLC India Ltd has entered into Joint Venture Agreements for formation of two significant Joint Ventures (JVs) with Rajasthan RajyaVidyutUtpadan Nigam Limited (RRVUNL).” : Sarkaritel.com
” New Delhi : Power Grid Corporation of India Limited (POWERGRID) – a Maharatna CPSU under Ministry of Power celebrated its 35th raising day across the country with great zeal and enthusiasm. Shripad Yesso Naik, Union Minister of State for Power and New & Renewable Energy, Govt. of India joined the 35th Raising Day celebrations with POWERGRID family at Gurugram on 23rdOctober 2024.” : Sarkaritel.com
” New Delhi : NTPC has partnered with the Indian Army to establish a Solar Hydrogen-based Microgrid at Chushul, Ladakh. This significant step will provide a stable power supply using Green Hydrogen in off-grid Army locations.” : Sarkaritel.com
Indian govt thinking of adding coal-based power capacity as renewables not expanding fast enough: Sumant Sinha
New Delhi : Indian govt thinking of adding coal-based power capacity as renewables not expanding fast enough: Sumant Sinha. : Economic Times
Tata Power, Keppel team up for sustainable cooling solutions in India
New Delhi : Tata Power Trading Company, a subsidiary of Tata Power, has entered into an agreement with Singapore-headquartered Keppel to launch sustainable Cooling-as-a-Service (CaaS) solutions in India, marking the Indian company’s entry into the segment. : Business Standard
India, Asean can work on policy framework for green energy transition: CERC
New Delhi : India and Asean can work together to create a regional policy framework for green energy transition with increasing usage of small modular nuclear reactors, a senior official of Indian power sector regulator CERC has said. : Business Standard
JSW Energy Q2 FY25 results: Net profit flat at Rs 853 cr, revenue falls 1%
New Delhi : Private power producer JSW Energy reported a flat net profit of Rs 853.25 crore (attributable to the owners of the company) in the quarter ended September 2024 (Q2 FY25). : Business Standard
Sunsure Energy commissions its sixth open access solar power plant in Uttar Pradesh
New Delhi : Sunsure Energy, a renewable energy solution provider for businesses, has announced the commissioning of its sixth open access solar plant in Uttar Pradesh. : pv-magazine.com
REC arm incorporates subsidiary for power evacuation
New Delhi : State-owned REC Limited on Thursday said Ratle Kiru Power Transmission has been incorporated as a wholly-owned subsidiary of REC Power Development & Consultancy Limited (RECPDCL). : psuwatch.com
NTPC net profit grows 14% to Rs 5,380 crore in Jul-Sep quarter
New Delhi : State-owned power giant NTPC Limited on Thursday posted about 14 percent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. : psuwatch.com
NLC to form 2 JVs with RRVUNL to set up thermal power station, RE projects in Rajasthan
New Delhi : State-run NLC India Limited (NLCIL) has announced its decision to form two joint ventures (JV) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) which will focus on setting up a lignite-based thermal power station and establishing Renewable Energy (RE) projects in Rajasthan. : psuwatch.com
Coal India Issues Tender For 300 MW Khavda PV Solar Project
New Delhi : Coal India Issues Tender For 300 MW Khavda PV Solar Project. : saurenergy.com
NTPC – H1 FY25 Unaudited Results: PATup 15% (Standalone) &13% (Consolidated)
New Delhi : The Country’s largest power generator, NTPC Ltd., with a present group installed capacity of more than 76GW, declared unaudited financial results for the Quarter and Half-Year ending September 30thon 24October 2024. : Sarkaritel.com
NLC India signs two agreements with RRVUNL in power sector
New Delhi : NLC India signs two agreements with RRVUNL in power sector. : Economic Times
Reliance Power gets shareholders’ nod to raise Rs 1,525 cr via shares
New Delhi : Reliance Power said it has received shareholders’ approval to raise Rs 1,524.60 crore through issuance of preferential shares. : Business Standard
Power Grid Corporation, Indian Bank raise Rs 5,000 crore each in single day
New Delhi : State-owned Power Grid Corporation of India Ltd (PGCIL) on Thursday raised Rs 5,000 crore by selling 10-year bullet bonds at a coupon rate of 7.08 per cent. : Business Standard
Indian Energy Exchange Q2 results: Net profit rises 25% to Rs 108.32 cr
New Delhi : Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. : Business Standard
Megha Engineering secures 618.1 MW solar PPA with BESCOM
New Delhi : Megha Engineering and Infrastructures Ltd (MEIL) announced this week that it has signed power purchase agreements with Bangalore Electricity Supply Co. Ltd (BESCOM) to supply 618.1 MW of solar power. : pv-magazine.com
Adani Green Q2 net profit up 39% YoY
New Delhi : Adani Green Energy Ltd (AGEL) has reported a consolidated net profit of INR 515 crore in the second quarter (July-Aug.-Sept.) of FY 2024-25, a 39% increase compared to INR 371 crore in the corresponding period of FY 2023-24. : pv-magazine.com
Sunsure Energy commissions 49 MW solar project in UP
New Delhi : Sunsure Energy on Thursday announced the commissioning of a 49-megawatt solar plant in Uttar Pradesh. : psuwatch.com
Power Grid bags new transmission project in Gujarat
New Delhi : Power Grid Corporation of India (Power Grid) on Thursday said it has emerged as the successful bidder for a transmission project in Gujarat. : psuwatch.com
Power Grid celebrates its 35th Raising Day
New Delhi : Power Grid Corporation of India Limited (Power Grid), a Maharatna CPSU under Ministry of Power, celebrated its 35th raising day across the country with great zeal and enthusiasm. : psuwatch.com
IEX net profit rises by 25% to Rs 108.32 crore in Q2
New Delhi : Indian Energy Exchange (IEX) on Thursday posted over 25 percent on-year rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 (Q2) mainly due to higher revenues. : psuwatch.com
NLCIL sign Agreements to boost Renewable Energy in Rajasthan
New Delhi : With the vision of Hon’ble Prime Minister Shri. Narendra Modi, for energy security with sustainable energy generation, under the guidance of Hon’ble Union Minister of Coal and Mines Shri. Kishan Reddy and Hon’ble Minister of State for Coal and Mines Shri Satish Chandra Dubey. : psuconnect.in
NLC India’s shares surges over 4% after JVs with Rajasthan Government for power and thermal project
New Delhi : As of the latest regulatory filings with the stock exchanges, NLC India Limited has signed two Joint Venture (JV) Agreements with Rajya Vidyut Utpadan Nigam Limited (RVUNL). : psuconnect.in
EverGreen, Datta Infra & Others Bag NTPC’s 1.2GW Hybrid Tender
New Delhi : EverGreen, Datta Infra & Others Bag NTPC’s 1.2GW Hybrid Tender. : saurenergy.com
JSW Energy Q2 profit marginally up YoY at INR 853 crore
New Delhi : JSW Energy has reported a consolidated net profit of INR 853 crore for the quarter ended September 2024 (Q2 FY 2025), compared to INR 850 crore recorded in the corresponding period last year. : pv-magazine.com
SJVN launches 700 MW solar EPC tender
New Delhi : SJVN Green Energy Ltd (SGEL), an arm of SJVN Ltd, has invited bids to set up 700 MW (100 MW x 7 plots) grid-connected solar projects on a turnkey basis in Khavda, Gujarat. : pv-magazine.com
Oil and Gas
” Ahmedabad : Adani Total Gas Ltd (ATGL) on Thursday reported a seven per cent increase in consolidated net profit (year-on-year) at Rs 186 crore in Q2 FY25, while operational revenue saw a 12 per cent jump, reaching Rs 1,315 crore.” : Sarkaritel.com
Lower APM gas allocation to raise cost of city gas cos by Rs 2-3/kg: Crisil
New Delhi : Lower APM gas allocation to raise cost of city gas cos by Rs 2-3/kg: Crisil. : Economic Times
Rural women of Dhanbad reap benefits of Ujjwala scheme
New Delhi : Rural women of Dhanbad reap benefits of Ujjwala scheme. : Economic Times
Adani-Total Gas Q2 Results: Profit up 6% to ?178 crore on higher gas price cut gains
New Delhi : Adani Total Gas Ltd, the city gas joint venture of Adani Group and French energy giant Total Energies, on Thursday reported 6 per cent rise in second quarter net profit as higher gas price cut gains from handsome rise in CNG and piped cooking gas volumes. : Mint
Petronet LNG Q2FY25 results: Net profit rises 1.73% to Rs 870 crore
New Delhi : India’s largest liquefied natural gas (LNG) importer, Petronet LNG, registered a marginal 1.73 per cent year-on-year rise in consolidated profit at Rs 870.6 crore for the second quarter (July–September) of FY25, up from Rs 855.74 crore in Q2 FY24. : Business Standard
Finance Ministry to consider scrapping windfall tax on crude: Govt official
New Delhi : The finance ministry will take a decision on scrapping the windfall tax on local crude oil output, according to Tarun Kapoor, advisor to Prime Minister Narendra Modi, on Wednesday. : Business Standard
Castrol India Q2FY25 results: Net profit increases 6.7% to Rs 207 cr
New Delhi : Engine oil maker Castrol India reported a 6.7 per cent increase in second-quarter profit on Thursday, driven by continued demand for its automobile lubrication products. : Business Standard
Public-private partnerships crucial to create infra for hydrogen powered mobility, say experts
New Delhi : Public-private partnerships would be crucial to create the required infrastructure for hydrogen-powered mobility in India, experts opined at the G-STIC conference here. : psuwatch.com
Hindustan Petroleum step for commissioning cargo for Chhara terminal
New Delhi : The Oil refining PSU Hindustan Petroleum’s shares piece is soon going to get a boost as it is in discussions with several counterparties to secure an LNG cargo to commission its new Chhara terminal in Rajasthan in December, or early January. : psuconnect.in
Mangalore Refinery bags prestigious Innovative HR Practices award at Asian Leadership Awards, 2024
New Delhi : State-run Mangalore Refinery and Petrochemicals Limited (MRPL) has been honoured with the “Organisation with Innovative HR Practices” award at the Asian Leadership Awards 2024. : psuconnect.in
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 24
New Delhi : Petrol, Diesel Prices Today On October 24, 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
India, ASEAN can work on regional policy framework for green energy transition: CERC member
New Delhi : India, ASEAN can work on regional policy framework for green energy transition: CERC member. : Economic Times
Oil prices rise 1% as Mideast attacks heighten supply concerns
New Delhi : Oil prices rise 1% as Mideast attacks heighten supply concerns. : Economic Times
Adani Total Gas clocks 7 pc jump in net profit at Rs 186 crore in Q2, revenue up 12 pc
New Delhi : Adani Total Gas clocks 7 pc jump in net profit at Rs 186 crore in Q2, revenue up 12 pc. : Economic Times
India’s oil demand may rise nearly 4% in December quarter: S&P Global
New Delhi : India’s oil demand is expected to rise by nearly 4% on-year in the December quarter due to festivals and the rabi season, ratings agency S&P Global said on Thursday. : Mint
Mahanagar Gas Q2FY25 results: Net profit falls 16.5% to Rs 283 cr
New Delhi : Indian city-gas distributor Mahanagar Gas reported a 16.5 per cent decline in second-quarter profit on Thursday, hurt by a surge in fuel costs. : Business Standard
Oil prices rise 1% as tensions in West Asia heighten supply concerns
New Delhi : Oil prices rose more than 1 per cent on Thursday, reversing some of the previous session’s losses, as the Middle East conflict and reports of North Korean troops ready to help Russia in Ukraine kept traders on edge ahead of the US presidential election. : Business Standard
The Hydrogen Stream: NTPC, Indian Army join hands for round-the-clock power supply using green hydrogen
New Delhi : NTPC has partnered with the Indian Army to establish a solar hydrogen-based microgrid at Chushul, Ladakh, for stable power supply in off-grid Army locations. : pv-magazine.com
Petronet Q2 net profit rises by 4% to Rs 848 crore
New Delhi : Petronet LNG Ltd, India’s biggest liquefied natural gas importer, on Thursday reported 4 percent rise in its second quarter profit on higher capacity utilisation at its flagship Dahej import terminal in Gujarat. : psuwatch.com
