28-Oct-2024
Power
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared
New Delhi : The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the half year ended September 30, 2024. : Sarkaritel.com
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared
New Delhi : State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. : Economic Times
REC Q2 Results | Net profit up 6% to ?4,006 crore, NII surges 21% to ?4,680 crore; declares dividend
New Delhi : State-owned REC Ltd on Saturday (October 26) reported a 6.2% year-on-year (YoY) increase in net profit at ?4,005.5 crore for the second quarter that ended September 30, 2024. : cnbc.com
CM solar self-employment scheme takes off in Uttarakhand
New Delhi : CM solar self-employment scheme takes off in Uttarakhand. : Economic Times
NLC India Q2 profit drops 9.5 pc to Rs 982 cr
New Delhi : NLC India Q2 profit drops 9.5 pc to Rs 982 cr. : Economic Times
Kenyan court suspends $736 million Adani power line deal
New Delhi : Kenyan court suspends $736 million Adani power line deal. : Economic Times
Exchange prices of power drops amid improved supply and rainfall
New Delhi : Power prices on exchanges have eased owing to better monsoon rains and improved power supply. : Mint
Govt to push green energy plans, will list ALMM for solar PV cells by 2026
New Delhi : The government is planning to introduce an Approved List of Models and Manufacturers (ALMM) for solar cells on the lines of module manufacturing to boost India’s transition towards green energy. : Business Standard
Solex Energy partners with SBI to provide finance for solar projects
New Delhi : Solex Energy on Saturday said it has partnered with State Bank of India (SBI) to offer solar financing options for commercial, industrial, and institutional customers. : Business Standard
Jaiprakash Power Ventures Q2 results: Net profit grows to Rs 182.66 cr
New Delhi : Jaiprakash Power Ventures Ltd on Saturday reported a three-fold rise in its consolidated profit after tax (PAT) to Rs 182.66 crore for the July-September quarter of 2024-25 on account of lower expenses. : Business Standard
NHPC CMD met Sukhvinder Singh Sukhu, Himachal Pradesh CM
New Delhi : Shri R.K. Chaudhary, Chairman and Managing Director, NHPC and Shri R.P. Goyal, Director (Finance), NHPC met Shri Sukhvinder Singh Sukhu, Hon’ble Chief Minister of Himachal Pradesh at Himachal Sadan, New Delhi on 25.10.2024. : psuconnect.in
REC Q2 results: Net profit grows 7% to Rs 4,037 cr on higher income
New Delhi : State-owned REC Ltd on Saturday posted around 7 per cent rise in its consolidated net profit to Rs 4,037.72 crore for the September 2024 quarter, mainly on the back of higher income. : Business Standard
REC Q2 Results: Net profit grows 7% to Rs 4,037 crore
New Delhi : State-owned REC Ltd on Saturday posted around 7 per cent rise in its consolidated net profit to Rs 4,037.72 crore for the September 2024 quarter, mainly on the back of higher income. : marinelink.com
Coal India Q2 profit drops 22 pc to Rs 6,275 cr
New Delhi : Coal India Q2 profit drops 22 pc to Rs 6,275 cr. : Economic Times
Minister asks Andaman and Nicobar Islands administration to increase use of renewable energy
New Delhi : Minister asks Andaman and Nicobar Islands administration to increase use of renewable energy. : Economic Times
IndiGrid net jumps nearly 154 pc to Rs 98 cr in Q2
New Delhi : IndiGrid net jumps nearly 154 pc to Rs 98 cr in Q2. : Economic Times
AI power demand might actually be good for climate
New Delhi : Big energy companies are making the case that skyrocketing electricity demand from data centres – and the need to build more power sources to meet it — will end up being good for the climate. : Economic Times
JSW Energy emerges top bidder for KSK Mahanadi Power
Mumbai : Sajjan Jindal-promoted JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore to financial creditors and outbidding Adani Power at an auction that ended on Saturday, said people with knowledge of the matter. : Economic Times
NTPC Green to SGEL: Govt puts listing of CPSEs’ green units in fast lane
New Delhi : The Union government is planning to list the subsidiaries of many central public sector enterprises (CPSEs) this financial year. : Business Standard
Bids for KSK Mahanadi Power skyrocket post Adani Group’s Rs 12,500 cr offer
New Delhi : Adani Group’s Rs 12,500 crore bid to acquire KSK Mahanadi Power has prompted other bidders to revise their offers upwards, and the final number could be much higher, according to sources. : Business Standard
REC Declares 2nd Interim Dividend of ? 4.00 per share: Highest annual half-year profit of ?.7,448 Cr
New Delhi : The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the half year ended September 30, 2024. : globalgreenews.com
REC Q2 net profit grows 7% to Rs 4,037 crore; loan disbursement at Rs 47,303 crore
New Delhi : State-owned REC Limited on Saturday posted around 7 percent rise in its consolidated net profit to Rs 4,037.72 crore for the September 2024 quarter, mainly on the back of higher income. : psuwatch.com
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore, dividend of Rs 4 per share announced
New Delhi : State-owned REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore as against Rs 3,790 crore reported by it in the year-ago period. : psuconnect.in
Oil and Gas
Ennore oil spill: Rs 73 crore penalty imposed on Chennai Petroleum Corporation Limited
New Delhi : Ennore oil spill: Rs 73 crore penalty imposed on Chennai Petroleum Corporation Limited. : Economic Times
India’s oil demand may revive amid festivals and elections, shows S&P Global Commodity Insights
New Delhi : Demand for oil products in India through the October-December quarter is expected to get a boost from festivals, agricultural activities, recovering from a few months of subdued consumption because of excessive rains, according to S&P Global Commodity Insights. : Economic Times
ONGC head should be chairman of subsidiary HPCL, says synergy panel
New Delhi : The Oil and Natural Gas Corporation Chairman and Managing Director should also be the chair of the firm’s subsidiary Hindustan Petroleum Corporation in line with the universal practice of a corporate group having only one chairman, a panel appointed to work out synergies between the two firms said in its report. : Economic Times
ONGC chairman should also lead as subsidiary HPCL’s head: Synergy panel
New Delhi : The oil and Natural Gas Corporation Chairman and Managing Director should also be the chair of the firm’s subsidiary Hindustan Petroleum Corporation in line with the universal practice of a corporate group having only one chairman, a panel appointed to work out synergies between the two firms said in its report. : Business Standard
Shoots of growth for Indian green hydrogen
New Delhi : India’s government has said it wants to be a “leading producer and supplier of green hydrogen in the world” and is investing accordingly. : pv-magazine.com
Nations Must Commit Cutting 42 Percent Off Annual Greenhouse Gas Emissions By 2030 And 57 Percent By 2035
New Delhi : There is a huge gap in current pledges to cut their emissions from countries and their delivery. If the trend continues then current policies will lead to a catastrophic temperature rise of up to 3.1°C. : indianpsu.com
HPCL invested Rs.3,771 crore in Q2FY25 to boost refining, signed multiple agreements
New Delhi : State-owned Hindustan Petroleum Corporation Limited invested Rs. 3,771 crore to enhance its refining and marketing infrastructure in Q2FY25, the company said in an exchange filing on Friday. : psuconnect.in
Petroleum Ministry plans to appoint consultant for restructuring, re-skilling and capacity building
New Delhi : The Petroleum Ministry is planning to appoint a consultant to take new initiatives and start restructuring plans. : psuconnect.in
GAIL and VERBIO ink MoU to set up agri-residue-based compressed biogas plants
New Delhi : GAIL and VERBIO ink MoU to set up agri-residue-based compressed biogas plants. : Economic Times
Oil prices likely to fall after Israel shows restraint in strikes on Iran
New Delhi : Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear infrastructure and did not disrupt energy supplies, analysts said. : Economic Times
Oil gains 4% in five days over Middle East conflict ahead of US presidential elections; Brent at $76/bbl
New Delhi : International crude oil prices settled higher in the previous session, gaining four per cent in the last five days as investors are taking stock of the ongoing geopolitical conflict in the Middle East, which is leading to crude supply concerns, ahead of the high-stakes US presidential elections next month. : Mint
Reliance likely to move Dubai crude team to India in global trade rejig
New Delhi : India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil trading team back to Mumbai, two sources familiar with the plan said. : Business Standard
Oil prices likely to fall after Israel shows restraint in strikes on Iran
New Delhi : Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear infrastructure and did not disrupt energy supplies, analysts said. : Business Standard
GAIL India Bagged Green Hydrogen Project of the Year India award
New Delhi : GAIL (India) Limited was felicitated with Green Hydrogen Project of the Year-India recognition at the Asian Oil & Gas Awards 2024 for implementing the 4.3 TPD Green Hydrogen pilot project at Vijaipur (Madhya Pradesh). : psuconnect.in
