29-Oct-2024

Power

” Gurgoan, Haryana : Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under Ministry of Power, Government of India, kickstarted Vigilance Awareness Week (VAW) 2024 through a walkathon led by R. K. Tyagi, CMD alongwith G. Ravisankar, Director (Finance), Dr. Yatindra Dwivedi, Director (Personnel), and D. K. Madan, CVO, POWERGRID, in which employees of Corporate Centre, Gurugram participated.” : Sarkaritel.com

” New Delhi : NTPC Bongaigaon joined the nation in observing Vigilance Awareness Week from October 28 to November 3, 2024 on the theme “Culture of Integrity for Nature’s Prosperity.” : Sarkaritel.com

” Mumbai : Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), represented India in a critical discussion on “Access to Financing for Renewable Energy Projects,” at the Bhutan-India Renewable Energy Roundtable held today in Thimphu.” : Sarkaritel.com

” New Delhi : Marking the commencement of the Vigilance Awareness Week 2024, Gurdeep Singh, CMD, NTPCadministered Vigilance Pledge to the employees on 28th October at NTPC Bhawan, SCOPE Complex in New Delhi.” : Sarkaritel.com

Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25

Ahmedabad : Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25. Continuing profit before tax (PBT) grew 69 per cent to Rs 8,020 crore in H1 FY25 and 44.8 per cent to Rs 3,537 crore in Q2 FY25, said the company. : Sarkaritel.com

NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod

New Delhi : NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, on Monday said it has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs 10,000 crore through an initial public offering (IPO). : Sarkaritel.com

Need to reduce carbon emissions to net zero by 2070, says Union Minister Manohar Lal

New Delhi : Need to reduce carbon emissions to net zero by 2070, says Union Minister Manohar Lal. : Economic Times

Govt plans to issue ALMM for PV cells to push India’s green energy transition

New Delhi : Govt plans to issue ALMM for PV cells to push India’s green energy transition. : Economic Times

Renewable energy projects need debt financing over grants: IREDA CMD

New Delhi : Renewable energy projects need debt financing over grants: IREDA CMD. : Economic Times

India hands over rooftop solar systems at religious sites in Sri Lanka

Columbo : India hands over rooftop solar systems at religious sites in Sri Lanka. : Economic Times

NTPC Green Energy gets Sebi nod for Rs 10,000-crore IPO

New Delhi : NTPC Green Energy gets Sebi nod for Rs 10,000-crore IPO. : Economic Times

Transformer steel shortage could impact India’s energy ambitions: GTRI

New Delhi : Shortage of Cold-Rolled Grain-Oriented (CRGO) steel used for making transformers and electric motors could impact India’s ambitious power sector expansion plans, think tank GTRI said on Monday. : Economic Times

Mahagenco-NTPC top bidder for Sinnar Thermal

Mumbai : consortium of Maharashtra state government-owned power generation company Mahagenco and public sector NTPC has emerged as the top bidder to take over the 1,350 MW Sinnar Thermal Power plant near Nashik. : 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

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer

New Delhi : JSW Energy emerged as the highest bidder for KSK Mahanadi Power, offering Rs 15,985 crore to financial creditors and surpassing Adani Power in an auction concluded on Saturday, according to a report by The Economic Times. : Business Standard

THDC synchronizes Unit#1 of Khurja Super Thermal Power project

New Delhi : THDC India Limited announced on Monday that Unit#1 of the 1320 MW Khurja Super Thermal Power Project (KSTPP) has been successfully synchronized with the national grid. : psuwatch.com

NTPC Green Energy, Avanse Financial Services get SEBI’s go ahead to float IPOs

New Delhi : NTPC Green Energy, the renewable energy arm of NTPC, and Avanse Financial Services Ltd, an education-focused NBFC, has received SEBI’s go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. : psuwatch.com

IREDA is ready to support Bhutan’s renewable energy initiative: CMD

New Delhi : Indian Renewable Energy Development Agency Limited’s (IREDA) Chairman and Managing Director (CMD) Pradip Kumar Das affirmed IREDA’s commitment to supporting Bhutan’s renewable energy sector, as he represented India at the ‘Bhutan-India Renewable Energy Roundtable.’ : psuwatch.com

Energy transition: India remains highly dependent on imports of critical minerals, says report

New Delhi : India remains highly dependent on imports for minerals critical to accelerating its energy transition, with a full reliance on shipping in lithium, cobalt and nickel, according to a report released Monday. : psuwatch.com

Solex Energy collaborated with SBI to provide finance for solar projects

New Delhi : Solex Energy on Saturday has partnered with the State Bank of India (SBI) to offer solar financing options for commercial, industrial, and institutional customers. : psuconnect.in

THDC India Limited Achieves Milestone with Synchronization of Unit#1 at Khurja Super Thermal Power Project

New Delhi : THDC India Limited, a Mini-Ratna Public Sector Enterprise, has reached a significantmilestone in its journey towards enhancing India’s Power generation capabilities. : psuconnect.in

BHEL Q2 Results: Shares of Defense PSU high over 6%, reported net profit of Rs 96.7 crore

New Delhi : State-run Bharat Heavy Electricals Ltd. (BHEL) reported a net profit of Rs 96.7 crore for the September quarter. The shares of the Defense PSU touches record high increase of over 6%. : psuconnect.in

NTPC Plans To Develop 300 MW Solar Project, Issues Tender

New Delhi : NTPC Plans To Develop 300 MW Solar Project, Issues Tender. : saurenergy.com

Concerns on overinvestment in Power sector without puchase agreements: Aequitas

New Delhi : Concerns on overinvestment in Power sector without puchase agreements: Aequitas. : Economic Times

AMPIN Energy, Varroc Group ink 27MWp solar project deal in Maharashtra

New Delhi : AMPIN Energy, Varroc Group ink 27MWp solar project deal in Maharashtra. : Economic Times

Electricity connectivity restored in Odisha except Bhadrak district after Cyclon Dana, says Chief Secy Manoj Ahuja

Bhubaneswar : Electricity connectivity restored in Odisha except Bhadrak district after Cyclon Dana, says Chief Secy Manoj Ahuja. : Economic Times

Adani Power’s consolidated power sale volume in first half of FY25 up by over 29%

New Delhi : Adani Power’s consolidated power sale volume in first half of FY25 up by over 29%. : Economic Times

Power discoms to follow uniform accounting rules

New Delhi : The Centre has instructed all power distribution companies (discoms) to adopt uniform accounting practices, with an aim to prevent financial misreporting. The fresh directive, issued earlier this month, seeks disclosures over and above those specified under the Indian Accounting Standard. : Economic Times

Adani Power Q2 Results: Net profit falls 49% to ?3,332 crore, revenue up 2.6%

New Delhi : Adani Power Q2 Results: Adani Power Limited announced their July to September quarter results on Monday, October 28. : Mint

India, Saudi to discuss ways to boost cooperation in energy, digital infra

New Delhi : Commerce and Industry Minister Piyush Goyal will discuss ways to increase cooperation with Saudi Arabia in areas like renewable energy, digital infrastructure, and manufacturing during his two-day visit, an official statement said on Monday. : Business Standard

NTPC Green Energy, Avanse Financial Services get Sebi’s nod to float IPOs

New Delhi : NTPC Green Energy — the renewable energy arm of NTPC, and Avanse Financial Services Ltd — an education-focused NBFC, has received Sebi’s go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. : Business Standard

Power yet to be restored in 50K cyclone-hit households in Odisha: CM Majhi

Bhubaneswar : Power supply was yet to be restored in around 50,000 households in cyclone-hit areas in Kendrapara, Bhadrak and Balasore districts, Odisha Chief Minister Mohan Charan Majhi has said. : Business Standard

AMPIN Energy, Varroc sign PPA for another 27 MWp solar project

New Delhi : AMPIN Energy Transition, a renewable energy transition company in India, has secured a repeat order with Varroc Group¸ an automobile component manufacturer, for an additional 27 MWp solar power project in Maharashtra. : pv-magazine.com

IREDA CMD administers integrity pledge to IREDA employees

New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) marked the commencement of “Vigilance Awareness Week 2024” today with an integrity pledge administered by IREDA Chairman & Managing Director (CMD) Pradip Kumar Das and IREDA Director (Finance) Dr Bijay Kumar Mohanty to all employees. : psuwatch.com

Power Grid embarks Vigilance Awareness Week 2024

New Delhi : Power Grid Corporation of India Limited (Power Grid) has kickstarted Vigilance Awareness Week (VAW) 2024 through a walkathon led by Power Grid CMD RK Tyagi along with Director (Finance) G Ravisankar, Director (Personnel) Dr Yatindra Dwivedi and CVO DK Madan, in which employees of Corporate Centre, Gurugram participated. : psuwatch.com

BHEL posts Rs 106 crore net profit in Q2 on higher revenues

New Delhi : State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday posted a consolidated net profit of Rs 106.15 crore in September quarter mainly on the back of higher revenues. : psuwatch.com

THDC India Limited Successfully Organized 5th Uttarakhand State-Level Yogasana Sports Competition

New Delhi : THDC India Limited, in collaboration with the Uttarakhand Yogasana Sports Association and Dehradun District Yogasana Sports Association, organized three-day 5th Uttarakhand State-Level Yogasana Sports Competition 2024 from 25th to 27th October 2024 which concluded yesterday at its Corporate Office in Rishikesh. : psuconnect.in

Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz

New Delhi : In a bid to further enhance economic ties and participate in the ‘8th Future Investment Initiative’, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit Saudi Arabia from October 29-30. : Sarkaritel.com

Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore

New Delhi : Tata Power on Monday said it has acquired 40%Bstake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. : Economic Times

Suzlon Energy Q2FY25 results: Net profit rises 96% at Rs 200 crore

New Delhi : Suzlon Energy posted a 95.71 per cent rise in consolidated net profit (attributable to the owners of the company) due to increased revenue driven by robust order inflow for the quarter ended September 30, 2024 (Q2FY25). : Business Standard

Oil and Gas

” New Delhi : Mangalore Refinery and Petrochemicals Ltd. (MRPL) inaugurated its Vigilance Awareness Week 2024 at the Refinery Training Center on 28th October, under the theme, “Culture of Integrity for Nation’s Prosperity”.” : Sarkaritel.com

” New Delhi : Under the aegis of Central Vigilance Commission (CVC), Vigilance Awareness Week (VAW) 2024 is being observed in Oil India Limited (OIL) from 28th October, 2024 to 3rd November, 2024 with the theme “Culture of Integrity for Nation’s prosperity” across all the spheres and offices of the Company.” : Sarkaritel.com

IOC Q2 net profit slumps 98 pc on fall in refining, fuel margin

New Delhi : IOC Q2 net profit slumps 98 pc on fall in refining, fuel margin. : Economic Times

Masdar, EMSTEEL complete MENA’s first green hydrogen steel pilot project

New Delhi : Masdar, EMSTEEL complete MENA’s first green hydrogen steel pilot project. : Economic Times

India’s natural gas production dips 1.6% in September; LNG imports surge by 13.5%

New Delhi : India’s natural gas production dips 1.6% in September; LNG imports surge by 13.5%. : Economic Times

ONGC head should be chairman of subsidiary HPCL, says synergy panel

New Delhi : ONGC head should be chairman of subsidiary HPCL, says synergy panel. : Economic Times

Indian Oil Corporation Q2 Results: Net profit plummets 99% YoY to ?180 crore

New Delhi : Indian Oil Corporation Q2 Results: Indian Oil Corporation (IOC) on Monday, October 28 reported a staggering 98.6 per cent year-on-year (YoY) decline in its standalone net profit to ?180.01 crore for the quarter ended September 2024. : Mint

Amazon signs initial pact with HPCL for adoption of low carbon fuels

New Delhi : Amazon India on Monday said it has signed an initial pact with state-owned Hindustan Petroleum Corporation Ltd for pushing the development and adoption of Low Carbon Fuels (LCFs) for long-haul transportation in India. : Business Standard

IOC Q2 results: PAT falls 98% to Rs 180 cr on fall in refining, fuel margin

New Delhi : State-owned Indian Oil Corporation Ltd (IOC) on Monday reported a massive 98.6 per cent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk. : Business Standard

Russia oil intake share declines to 34% in September quarter, says BPCL

New Delhi : Indian refiner Bharat Petroleum Corp’s use of Russian oil fell to 34% of the total intake for crude processing in the July-September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries, its finance head said on Monday. : Business Standard

Oil slumps more than 4% after Iran downplays Israeli strikes

New Delhi : Oil slumps more than 4% after Iran downplays Israeli strikes. : Economic Times

Sistema.bio acquires Inclusive Energy to enhance biogas monitoring capabilities

New Delhi : Sistema.bio acquires Inclusive Energy to enhance biogas monitoring capabilities. : Economic Times

Petroleum product exports soar 34.9% in September; crude imports rise by 6%

New Delhi : Petroleum product exports soar 34.9% in September; crude imports rise by 6%. : Economic Times

Diesel-thirsty mining can fuel an energy revolution

New Delhi : Diesel-thirsty mining can fuel an energy revolution. : Economic Times

ARYA raises ?100 crore for biogas projects in joint ventures with IOCL, BPCL

New Delhi : ARYA raises ?100 crore for biogas projects in joint ventures with IOCL, BPCL. : Economic Times

As crude fades, Big Oil must borrow to pay investors

New Delhi : Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter, raising doubts over the payouts’ long-term sustainability. : Economic Times

Bharat Petroleum’s Russia oil intake share falls to 34% in Sept quarter

Oil drops 5% following limited Israeli counterattack on Iran; brent crude at $71.92/bbl

New Delhi : Oil prices dropped approximately $4 per barrel on Monday after Israel’s retaliatory strike against Iran over the weekend left oil and nuclear facilities untouched, avoiding disruptions to energy supplies. : Mint

PetroChina set to shut top north China’s largest domestic refinery in 2025

New Delhi : PetroChina is set to shut its largest domestic oil refinery around mid-2025, sources said, the country’s first major closure at a state-run plant and part of a long-mooted project to replace it with a smaller facility at a new site. : Business Standard

Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts

New Delhi : Crude Oil in Samvat 2081: The past year (Smavat 2080) has been tumultuous for crude oil prices, marked by major fluctuations influenced by geopolitical tensions, economic indicators, and production decisions by major oil-producing nations, analysts said. : Business Standard

Indian Oil Q2 net profit slumps 98% on fall in refining, fuel margin

New Delhi : State-owned Indian Oil Corporation Limited (IOCL) on Monday reported a massive 98.6 percent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk. : psuwatch.com

BPCL signs pact with Oil India to develop city gas distribution project in Arunachal Pradesh

New Delhi : Shares of Bharat Petroleum Corporation of India (BPCL) may now get a big boost as the board has approved the joint venture agreement with Oil India Ltd to develop a city gas distribution project in Arunachal Pradesh. : psuconnect.in

Amazon India, HPCL collaborated for biofuel adoption for long-haul transportation

New Delhi : Amazon India and Hindustan Petroleum Corporation Limited (HPCL) have forged a strategic partnership to accelerate the development and adoption of low-carbon fuels (LCFs) for long-haul transportation in India. : psuconnect.in

Petrol, Diesel Price Today 28 October 2024 in Kolkata, Bhubaneswar, New Delhi and Mumbai

New Delhi : Petrol, Diesel Price Today 28 October 2024: Oil prices went down by $3 per barrel on Monday as Israel attacked Iran on the weekend but it avoided nuclear sites and Tehran’s oil infrastructure. : Financial Express