21-Sep-2024
Power
” New Delhi : The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.” : Sarkaritel.com
Adani Energy Solutions to see 20 pc CAGR revenue growth with over 100 pc upside for stock: Report
New Delhi : As India doubles down on electrification to connect more rural areas, Adani Energy Solutions Ltd (AESL) — with its diversified portfolio that includes transmission assets. : Sarkaritel.com
Sunsure Energy to supply 2 cr units of green power annually to Kirloskar Brothers
New Delhi : Sunsure Energy to supply 2 cr units of green power annually to Kirloskar Brothers. : Economic Times
Vertical solar farms to power agriculture, clean energy production; MoU signed at Re-Invest 2024
New Delhi : Vertical solar farms to power agriculture, clean energy production; MoU signed at Re-Invest 2024. : Economic Times
Karnataka refuses nod for Goa-Tamnar power project
New Delhi : Karnataka refuses nod for Goa-Tamnar power project. : Economic Times
India’s renewable energy share to reach 35% by FY2030, EV sector to attract ?25,000 crore investment: Icra
New Delhi : India’s renewable energy share to reach 35% by FY2030, EV sector to attract ?25,000 crore investment: Icra. : Economic Times
CESC arm signs pact to set up 686.85 MW wind project
New Delhi : CESC arm signs pact to set up 686.85 MW wind project. : Economic Times
Rajasthan Atomic Power Project-7 goes critical, to start power generation this year
New Delhi : Rajasthan Atomic Power Project-7 goes critical, to start power generation this year. : Economic Times
SECI plans to launch IPO in 1 or 2 yrs to expand renewable energy capacity
New Delhi : State-owned Solar Energy Corporation of India (SECI) will go public to raise funds in next one or two year in order to expand renewable energy capacity in the country, said a top company official. : Business Standard
NTPC board approves Rs 9,700 cr investment for 800 MW Sipat project
New Delhi : State-owned power giant NTPC board has approved an investment of Rs 9,790.87 crore for stage III of the Sipat Super Thermal Power Project. : psuconnect.in
” Shimla : The Himachal Pradesh Cabinet, chaired by Chief Minister Sukhvinder Sukhu, on Friday approved to handover of 780 MW Jangi Thopan Powari Hydro Power Project to state-run HP Power Corporation Ltd besides filling 100 posts of Assistant Forest Guards in the Forest Department.” : Sarkaritel.com
Power Grid bags transmission project in Gujarat
New Delhi : Power Grid bags transmission project in Gujarat. : Economic Times
India’s third home-built 700 MWe nuclear reactor achieves criticality
New Delhi : India’s third home-built 700 MWe nuclear reactor achieves criticality. : Economic Times
India’s Solar Energy to invest $2.2 billion in renewables by 2030, mulls IPO
New Delhi : India’s Solar Energy to invest $2.2 billion in renewables by 2030, mulls IPO. : Economic Times
Power Grid May Benefit From Higher Investment in Renewable Energy
New Delhi : Power Grid May Benefit From Higher Investment in Renewable Energy : Mint
Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA
New Delhi : An investment of over Rs 3 trillion is needed every year in the renewable energy sector to take India’s installed green capacity to 440 gigawatt, Icra experts said on Friday. : Business Standard
Godrej & Boyce commissions 25 MW ground-mounted solar project in Maharashtra
New Delhi : Godrej & Boyce announced this week the commissioning of a 25 MW AC ground-mounted solar project in Dhule, Maharashtra, for the Maharashtra State Power Generation Co. Ltd. : pv-magazine.com
Mr. Jaikumar Srinivasan, Director Finance NTPC conferred with Leading CFO of the year award
New Delhi : Mr. Jaikumar Srinivasan, Director Finance-, NTPC LTD has been conferred with Leading CFO of the year award in a gilitaring ceremony held in Taj West End, Bengaluru on 19th September ‘2024. : psuconnect.in
NTPC Kayamkulam to launch methanol-based power generation in India
New Delhi : The Rajiv Gandhi Combined Cycle Power Project (NTPC Kayamkulam) is planning to initiate a pilot project aimed at generating electricity using methanol. : psuconnect.in
PM Surya Ghar Project: Lease your rooftop for solar power and get benefits
THIRUVANANTHAPURAM : The central government is launching a new initiative under the PM Surya Ghar Muft Bijli Yojana that allows homeowners to lease their rooftops for power plants. : mathrubhumi.com
Oil and Gas
Oil India to start production from Gabon block next fiscal
New Delhi : State-run exploration and production company Oil India Ltd plans to start oil production from its Gabon block in the next financial year, with the construction of the wells to be completed over the next few months, said two people in the know of the development. : Mint
BPCL Director V.R.K Gupta felicitated as ‘PSU CFO’ by CII
New Delhi : State-owned BPCL has announced that Director (Finance), Shri V. R. K. Gupta, has been named PSU CFO of the Year 2023-24 by CII. : psuconnect.in
Energy Maharatna ONGC bagged Award for Excellence in CSR Practices
New Delhi : India’s Energy Maharatna ONGC has received the esteemed 23rd Asia Pacific HRM Congress Award 2024 for “Excellence in #CSR Practices” on 19 September 2024. : psuconnect.in
India’s oil imports fall 32.4% in August amid lower crude prices, trade deficit widens: Report
New Delhi : India’s oil imports fall 32.4% in August amid lower crude prices, trade deficit widens: Report. : Economic Times
India discusses raising oil imports from Brazil, minister Puri says
New Delhi : India has discussed raising oil imports from Brazil in a meeting with the head of the South American nation’s state-run oil giant Petrobras, India’s oil minister said on Friday. : Economic Times
Adani Total Gas secures $375 million financing from global lenders
New Delhi : Adani Total Gas Ltd (ATGL) secured financing from international lenders, the company said in an official press release on Friday. : Economic Times
Decreased oil exports, because of lower crude prices increasing India’s trade deficit: CRISIL
New Delhi : India’s oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country’s overall exports in August, according to a report by CRISIL. : Economic Times
India in discussion to raise oil imports from Brazil: Hardeep Singh Puri
New Delhi : India is in discussions with Brazil to raise oil imports, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday. : Business Standard
Japan Reselling Australian LNG
New Delhi : A new analysis shows where Australian gas sold to Japan really ends up (and it’s not Tokyo) Far from “keeping the lights on in Tokyo,” Australian gas that is sold to Japan is sold to other countries, often against the interests of the receiving countries. : indianpsu.com
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 20
New Delhi : Petrol, Diesel Prices Today On September 20, 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. The OMCs adjust prices in response to global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers are always informed about the latest fuel costs. : news18.com
Fuel prices rise by 44 Paise in Bhubaneswar on September 20, Check new rates
Bhubaneswar : The petrol and diesel prices have increased in Bhubaneswar on Friday, September 20. The price of petrol has been recorded at Rs 101.41 per litre while the diesel rate has been recorded at Rs 92.98 per litre today. : kalingatv.com
Adani Total Gas secures largest global financing in city gas biz at $375 mn
New Delhi : Adani Total Gas Ltd (ATGL) on Friday said it has secured the largest global financing in the city gas distribution business, at $375 million, which will help the company cater to over 200 million people, covering 14 per cent of India’s population. : Sarkaritel.com
10th oil, gas block bidding round in 2025 on liberalised terms: Oil Ministry official
New Delhi : 10th oil, gas block bidding round in 2025 on liberalised terms: Oil Ministry official. : Economic Times
India’s oil demand to jump by 2 million b/d by 2035, LPG imports to rise by 41%: S&P Global
New Delhi : India’s oil demand to jump by 2 million b/d by 2035, LPG imports to rise by 41%: S&P Global. : Economic Times
Global LNG contracting at 58 mmtpa, Middle East and US projects drive growth
New Delhi : Global LNG contracting at 58 mmtpa, Middle East and US projects drive growth. : Economic Times
Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says
New Delhi : Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says. : Economic Times
Russia is using more and more blacklisted tankers to move oil. And many of them are headed for India
New Delhi : A growing number oil tankers that were sanctioned for their role in transporting Russian petroleum are finding work again — a blow to western authorities who sought to clamp down on the vessels in an effort to hurt Moscow’s access to petrodollars. : Economic Times
Adani Total Gas secures over Rs 3000 crore from international lenders
New Delhi : Adani Total Gas Ltd (ATGL), the equal joint venture between Adani Group and French energy major Total Energies, has raised Rs 3131 crore ($375 million) from BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation, the company said on Friday. : Economic Times
Crude oil sizzles on US Fed rate cut: Brent nears $74 with six-day rise, WTI stages recovery on demand optimism
New Delhi : Crude oil prices extended their recent recovery rally to rise more than one per cent shortly after the US Federal Reserve announced its first super-sized interest rate cut in four years, which boosted oil demand optimism. : Mint
BPCL extends its partnership with IONAGE to strengthen India’s EV charging ecosystem
New Delhi : Bharat Petroleum Corporation Limited (BPCL) has announced the extension of its partnership with IONAGE to enhance the accessibility and convenience of electric vehicle (EV) charging infrastructure across India. : psuwatch.com
ONGC Shares fell after HSBC Downgrade with Falling Oil Prices
New Delhi : Shares of oil major ONGC were recorded low on Thursday after global brokerage HSBC downgraded the company’s rating. HSBC has downgraded ONGC to “reduce” with a target price of Rs 235, which represents a 20% downside from Wednesday’s closing price. : psuconnect.in
