06-Nov-2024
Power
” New Delhi : PFC observed “Vigilance Awareness Week 2024 ” from October 28 to November 3, 2024, emphasising its operations’ core values of integrity, transparency, and accountability.” : Sarkaritel.com
” New Delhi : The global solar capacity is expected to shoot up 5-fold to reach 7,203 GW by 2030 from a level of 1,418.97 GW in 2023 as manufacturing is set to exceed demand making solar energy more affordable, according to the latest World Solar Market Report.” : Sarkaritel.com
ISA Assembly kicks off in Delhi, launches solar data portal, $39 million fund for Africa
New Delhi : ISA Assembly kicks off in Delhi, launches solar data portal, $39 million fund for Africa. : Economic Times
Rajasthan, Gujarat urged to boost renewable policies, tap untapped solar potential: IEEFA
New Delhi : Rajasthan, Gujarat urged to boost renewable policies, tap untapped solar potential: IEEFA. : Economic Times
Global solar capacity hits 1,418 GW, investments reach $3.1 trillion: Report
New Delhi : Global solar capacity hits 1,418 GW, investments reach $3.1 trillion: Report. : Economic Times
ACME Solar’s IPO to open on Wednesday; price band set at Rs 275 to Rs 289 equity share
New Delhi : ACME Solar’s IPO to open on Wednesday; price band set at Rs 275 to Rs 289 equity share. : Economic Times
Apollo Green Energy plans solar module plant, targets IPO in 2025: CEO
New Delhi : India’s Apollo Green Energy, an engineering and construction firm, plans to set up a 500 megawatt (MW) solar module plant in the next two-three years and tap domestic public markets in 2025 to execute new projects, its chief executive said on Tuesday. : Business Standard
Indian Energy Exchange electricity trade volumes up 4% at 9,642 MUs in Oct
New Delhi : Indian Energy Exchange’s (IEX) total trade volume rose 4 per cent year-on-year to 9,642 million units (MU) in October this year. : Business Standard
NTPC approves Rs 80k cr investment proposals for 6,400 MW thermal capacity
New Delhi : Power giant NTPC on Tuesday said its board has approved investment proposals worth about Rs 80,000 crore for thermal projects totalling 6,400 MW. : Business Standard
India added 12.8 GW of solar capacity in H1 2024, says Mercom
New Delhi : India installed 12.8 GW of new solar capacity in the first half (Jan-June period) of 2024, up 228.3% compared to H1 2023. Large-scale solar projects accounted for 91.4% (11.7 GW) of the overall installations. : pv-magazine.com
SJVN allocates 1.2 GW wind-solar hybrid capacity at $0.038/kWh
New Delhi : State-owned hydropower producer SJVN has concluded the auction for 1.2 GW of wind-solar hybrid capacity with a price of INR 3.19 ($0.038)/kWh. : pv-magazine.com
PFC Observes Vigilance Awareness Week 2024: A Commitment to Integrity and Accountability
New Delhi : PFC observed “Vigilance Awareness Week 2024 ” from October 28 to November 3, 2024, emphasising its operations’ core values of integrity, transparency, and accountability. : globalgreenews.com
ReNew will install solar power plants in kitchens of Akshaya Patra Foundation
New Delhi : Renewable energy company ReNew will install solar power plants in the kitchens of Akshaya Patra Foundation, to support the campaign of environmental protection in the country. : psuwatch.com
PFC Observes Vigilance Awareness Week 2024: A Commitment to Integrity and Accountability
New Delhi : PFC observed “Vigilance Awareness Week 2024 ” from October 28 to November 3, 2024, emphasising its operations core values of integrity, transparency, and accountability. : psuconnect.in
India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments
New Delhi : India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments. : Economic Times
Solar efficiency, cost reductions key to energy transition: Pralhad Joshi
New Delhi : Solar efficiency, cost reductions key to energy transition: Pralhad Joshi. : Economic Times
CIL should prioritise augmenting coal production, supplies to reduce import: Minister
New Delhi : CIL should prioritise augmenting coal production, supplies to reduce import: Minister. : Economic Times
Apollo Green Energy eyes ?10,000 crore in renewable projects; IPO on horizon for expansion
New Delhi : Apollo Green Energy eyes ?10,000 crore in renewable projects; IPO on horizon for expansion. : Economic Times
IEX achieves 9,642 MU electricity trade in October, REC trading surges 105% YoY
New Delhi : IEX achieves 9,642 MU electricity trade in October, REC trading surges 105% YoY. : Economic Times
NTPC board approves Rs 80,000 cr investment proposals for 6,400 MW thermal capacity
New Delhi : Power giant NTPC on Tuesday said its board has approved investment proposals worth about Rs 80,000 crore for thermal projects totalling 6,400 MW. : Economic Times
Apollo Green Energy plans ?1,500 crore capex to capitalize on India’s renewables push
New Delhi : Apollo Group’s engineering and construction arm plans to spend ?1,500 crore to expand its capacity and undertake government and public-sector renewable energy projects, sourcing most of its capital expenditure requirement from an initial public offering next year. : Mint
Pralhad Joshi stresses on increasing solar projects efficiency, reduce cost
New Delhi : Union Minister Pralhad Joshi on Tuesday stressed increasing the efficiency of solar projects, reducing cost and developing energy storage solutions. : Business Standard
Bangladesh fast tracks payment to Adani Power ahead of November 7 deadline
New Delhi : Ahead of Adani Power’s November 7 deadline, Bangladesh is accelerating payment of more than $800 million it owes to the company, days after the group halved its electricity exports to the nation. : Business Standard
K.P. Energy to build 1 GW of solar, hybrid projects
New Delhi : Gujarat-based K.P. Energy announced today it has received new EPC orders for the development of renewable energy projects aggregating to 1,003.7 MW. The projects, awarded by its parent company KPI Green Energy, include 86.8 hybrid (70 MW solar, 16.8 MW), 641.9 hybrid (518 MW solar, 123.9 MW wind), and 275 MW solar. : pv-magazine.com
Rajesh Power Services plans to raise around INR 150-160 crore through IPO
New Delhi : Rajesh Power Services Ltd, a service provider for the power sector, today announced that it has received in-principle approval for its initial public offering (IPO) from BSE SME Exchange on October 31, 2024. : pv-magazine.com
Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
New Delhi : While Rajasthan and Gujarat have been at the forefront of renewable energy deployment in the country, more corrective actions in their policies can accelerate the momentum and ensure these states keep playing a central role in India’s energy transition. : pv-magazine.com
Frontrunners Rajasthan And Gujarat Need Policy Interventions To Supercharge Energy Transition
New Delhi : While Rajasthan and Gujarat have been at the forefront of renewable energy deployment in the country, some or more corrective actions in their policies can accelerate the momentum and keep playing a central role in India’s energy transition, a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) states. : indianpsu.com
Global solar manufacturing to exceed demand by over 1,100 GW by 2024: ISA Report
New Delhi : By the close of 2024, the capacity for global solar manufacturing is projected to exceed 1,100 GW, which is more than twice the anticipated demand for PV panels, said a report on the World Solar Market released by the International Solar Alliance (ISA) on Tuesday. : psuwatch.com
SJVN Q2 profit remains flat at Rs 439.9 crore
New Delhi : State-owned SJVN Limited on Tuesday said its consolidated net profit during the September quarter remained flat at Rs 439.90 crore. : psuwatch.com
Greater efficiency, cost-effectiveness in solar tech key to widespread deployment: Joshi
New Delhi : The Union Minister for New and Renewable Energy and the president of the International Solar Alliance (ISA), Pralhad Joshi, stressed on the need to improve the efficiency of solar technology while maintaining cost-effectiveness at a high-level conference on new technologies for clean energy transition. : psuwatch.com
NTPC enters Joint Venture Deal with Rajasthan Government for Thermal Power Plant
New Delhi : NTPC Ltd. has formed a 50:50 joint venture agreement with the Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) to jointly own and operate the Chhabra Thermal Power Plant in Rajasthan. : psuconnect.in
Oil and Gas
” New Delhi : HP Green R&D Centre (HPGRDC), a pioneering research and development facility of Hindustan Petroleum Corporation Limited (HPCL), announced a landmark partnership with Engineers India Limited (EIL) for the commercialization of its indigenously developed Hydrogen Pressure Swing Adsorption (HP-PSA) Technology.” : Sarkaritel.com
GAIL clocks Revenue of Rs 32,931 crore, PAT of Rs 2,672 crore in Q2 FY’25
New Delhi : GAIL (India) Limited reported Revenue from Operations of Rs 66,622 crore for the period April – September 2024 as compared to Rs 64,050 crore in corresponding period of Financial Year 2023-24. : Sarkaritel.com
Gail Q2 results: Consolidated net profit up 10.2% at Rs 2,693 crore
New Delhi : State-run natural gas supplier Gail reported a 10.2 per cent rise in consolidated net profit attributable to equity holders of the parent for the second quarter (July-September) of 2024-25 (FY25). : Business Standard
GAIL clocks net profit of Rs 2,672 crore in Q2
New Delhi : Government-owned gas giant GAIL (India) Ltd reported revenue from operations of Rs 66,622 crore for the April–September period of the current financial year as compared to Rs 64,050 crore in the same period of 2023-24. : theconversation.com
GAIL clocks net profit of Rs 2,672 crore in Q2
New Delhi : Government-owned gas giant GAIL (India) Ltd reported revenue from operations of Rs 66,622 crore for the April–September period of the current financial year as compared to Rs 64,050 crore in the same period of 2023-24. : thehansindia.com
Cairn Oil & Gas first in India to join UNEP methane reduction initiative
New Delhi : Cairn Oil & Gas first in India to join UNEP methane reduction initiative. : Economic Times
Brent crude expected to trade in $75-80 range amid oversupply, weak demand: Report
New Delhi : Brent crude expected to trade in $75-80 range amid oversupply, weak demand: Report. : Economic Times
Canada proposes emissions cap on oil and gas sector
New Delhi : Canada proposes emissions cap on oil and gas sector. : Economic Times
Diesel market flashes warning sign in India as growth slows
New Delhi : The diesel market in India is losing momentum as the pace of demand growth eases, casting a pall over the world’s third-largest oil importer as the economy expands at a slower pace and consumption patterns shift. : Economic Times
HPCL plans to buy 43% more Iraqi oil in 2025, company source says
New Delhi : HPCL plans to buy 43% more Iraqi oil in 2025, company source says. : Economic Times
GAIL India Q2 Results: Net profit rises 10% to ?2,689.67 crore, revenue up marginally
New Delhi : State-owned GAIL (India) Ltd on Tuesday reported 10 per cent rise in September quarter net profit after an increase in earnings from gas transmission business and turnaround in petrochemical business neutralised fall in marketing margin. : Mint
Bangladesh said to scrap Darshan Hiranandani’s gas supply plan, India unlikely to intervene
New Delhi : India is aware of reports that Bangladesh has cancelled a proposed agreement with the Darshan Hiranandani-led H-Energy group to supply gas, but New Delhi is unlikely to intervene in the matter. : Mint
Manali Petrochemicals’ net profit in Apr-Sep drops to Rs 13.22 cr
New Delhi : Manali Petrochemicals Ltd on Tuesday reported a consolidated profit after tax of Rs 13.22 crore for the six-month period ending September 30, 2024. : Business Standard
Oil India Q2 results: Net profit rises multi-fold to Rs 2,016 crore
New Delhi : In the second quarter (July-September) of FY25 (2024-25), state-owned Oil India Limited (OIL) saw consolidated net profit attributable to the owners of the company rise 3.79 times. : Business Standard
GAIL reports strong H1 FY’25 financial performance with record highs in EBITDA, PBT, and net profit
New Delhi : GAIL (India) Limited has announced its financial results for the first half of the fiscal year 2024-25, posting robust growth in revenue and profit, with record highs in key financial metrics. : psuwatch.com
H1FY25: Oil India reports group PAT of Rs 4,085 Crore
New Delhi : India’s leading energy company Oil India Limited has posted group turnover for the first half of FY25 at Rs 17,486.79 crore and Profit After Tax (PAT) of Rs 4,085.46 crore. : psuwatch.com
ONGC to Consider Dividend on 11th November
New Delhi : Oil and Natural Gas Corporation, a leading oil and gas public sector company to hold its board meeting on Monday, 11th November 2024 states in its BSE filing dated 28.10.2024, inter-alia, to consider and approve Un-Audited Financial Results of the Company for the quarter and half year ended 30th September, 2024. : psuconnect.in
GAIL Q2 Results: PAT rises 11% YoY to Rs 2,672 crore
New Delhi : GAIL (India) on Wednesday reported 11% growth in its standalone net profit for the quarter ended September 2024 to Rs 2,672 crore. This was Rs 2,405 crore in the last year quarter. : Economic Times
GAIL Q2 net profit tops estimates, rises 9% to ?2,672 crore; revenue up 3%
New Delhi : In the corresponding quarter of the previous fiscal, GAIL (India) posted a net profit of ?2,442.18 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ?2,591 crore for the quarter under review. : cnbc.com
GAIL reports 10% increase in Q2 net profit to Rs 2,690 crore
New Delhi : GAIL (India) Ltd on November 5 reported 10 percent increase in consolidated net profit at Rs 2,690 crore in the second quarter of financial year 2024-25 from the last year. Consolidated net profit of the country’s largest gas distributer was Rs 2,442 crore in the same period last year. : Moneycontrol.com
Airox Nigen deploys 1 MW green hydrogen system in Russia, expands global footprint
New Delhi : Airox Nigen deploys 1 MW green hydrogen system in Russia, expands global footprint. : Economic Times
GAIL’s revenue hits Rs 66,622 cr in H1 FY25, profit after tax climbs to Rs 5,396 crore
New Delhi : GAIL’s revenue hits Rs 66,622 cr in H1 FY25, profit after tax climbs to Rs 5,396 crore. : Economic Times
Oil prices to remain stable in India with various crude supply options: Union Minister Hardeep Puri
New Delhi : Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil indicated Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri in a social media post. : Economic Times
Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak
New Delhi : International crude oil prices edged one per cent higher to hit a one-week high on Tuesday, November 5, ahead of what is expected to be an exceptionally close US presidential election. : Mint
Cairn Oil & Gas India’s first firm to join UN’s methane cut initiative
New Delhi : Upstream oil major Cairn Oil & Gas has become the first oil producer in India to commit to effective reduction of methane emissions as part of its efforts towards becoming Net Zero Carbon by 2030. : Business Standard
Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
New Delhi : Saudi oil giant Aramco on Tuesday reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1 billion for the quarter. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 5
New Delhi : Petrol, Diesel Prices Today On November 5, 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
