MEDIA UPDATE (DECEMBER 02, 2024) by New DeskDecember 2, 2024043 Share0 02-Dec-2024 Power NTPC Talcher Kaniha Shines with Prestigious Platinum Award New Delhi : NTPC Talcher Kaniha was conferred with the prestigious Platinum Award at the CII-EXIM Bank Business Excellence Awards 2024. : psuconnect.in Finance Ministry grants Capital Gains Tax Exemption to NLC India New Delhi : State-run NLC India Limited has announced that the Ministry of Finance, through a Gazette of India Notification dated November 27, 2024, has granted Capital Gains Tax exemption under Section 47 (viiaf) of the Income Tax Act for the transfer of renewable energy assets to its wholly owned subsidiary, NLC India Renewables Limited (NIRL). : psuconnect.in NHPC signs MoU with GGGI to promote clean energy solutions New Delhi : NHPC signs MoU with GGGI to promote clean energy solutions. : Economic Times Coal India arm hikes fuel price from Jharkhand mine, to earn Rs 300 cr additional revenue New Delhi : Coal India arm hikes fuel price from Jharkhand mine, to earn Rs 300 cr additional revenue. : Economic Times India’s coal production rises 7.2 pc to 90.62 million tonnes in Nov New Delhi : India’s overall coal production recorded a 7.2 per cent increase during November this year to touch the 90.62 million tonnes (MT) mark compared to 84.52 MT in the same month last year, the Ministry of Coal said on Sunday. : Sarkaritel.com November power consumption rises 4% YoY New Delhi : India’s power consumption in November rose around 4% year-on-year to 124.5 billion units from 119.65 last November. : Economic Times India to provide powerplant control centre to South African electricity supplier Eskom New Delhi : India will provide South African parastatal electricity supplier Eskom with a Powerplant Control Room simulator to train locals in Eskom’s plans to renew and repurpose its power stations across the country, an official has said. : Economic Times India to provide powerplant control centre to South Africa’s Eskom New Delhi : India will provide South African parastatal electricity supplier Eskom with a Powerplant Control Room simulator to train locals in Eskom’s plans to renew and repurpose its power stations across the country, an official has said. : Business Standard GUVNL’s 400 MW/800 MWh BESS Project Awarded At Rs 2.26/KW New Delhi : GUVNL’s 400 MW/800 MWh BESS Project Awarded At Rs 2.26/KW. : saurenergy.com RVNL Wins ?642.57 Crore Punjab Power Project Under RDSS New Delhi : Rail Vikas Nigam Ltd (RVNL) has turned out to be the L1 for a significant power infrastructure project tendered by Punjab State Power Corporation Ltd (PSPCL). : indiainfoline.com Delhi discoms point to Rs 3,000 crore revenue gap, seek fair tariffs New Delhi : Discoms in Delhi have filed petitions with power regulator DERC for a “cost-reflective” tariff to be announced for this fiscal, citing a combined revenue gap of more than Rs 3,000 crore in 2022-23. : Business Standard —————————————————————————————- Oil and Gas ONGC Videsh Limited acquires 0.615% Stake in ACG and 0.737% stake in BTC, Azerbaijan New Delhi : ONGC Videsh Limited, Schedule “A” Navaratna Central Public Sector Enterprise, a wholly owned subsidiary of ONGC, premier Energy Company of India, has completed the acquisition of 0.615% Participating Interest (PI) in Offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. : Sarkaritel.com Natural gas push: India to expand PNG connections to 12.63 crore by 2032, 25,000 CNG stations planned New Delhi : Natural gas push: India to expand PNG connections to 12.63 crore by 2032, 25,000 CNG stations planned. : Economic Times Jet fuel and commercial LPG cylinder prices hiked; domestic LPG remained unchanged New Delhi : State-owned oil marketing companies have announced price hikes for aviation turbine fuel (ATF) and commercial LPG cylinders in the monthly revision effective December 1. The adjustments reflect changes in global oil prices and exchange rate fluctuations. : Economic Times Russia lifts gasoline export ban for producers, extends restrictions for traders, re-sellers till January 31: Report New Delhi : Russia’s government lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers, until Jan. 31, 2025, it said on Saturday. : Mint Commercial LPG prices hiked by Rs 16.5, jet fuel costlier by 1.45% New Delhi : Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. : Business Standard OVL completes acquisition of Equior’s stake in Azerbaijan oilfield for $60 million New Delhi : ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has completed the acquisition of Norwegian firm Equinor’s stake in an Azerbaijan oilfield and an associated pipeline for USD 60 million, the firm said in a statement. : psuwatch.com ONGC launched 35-seater Electric buses in Mumbai New Delhi : ONGC, India’s leading crude oil company takes a bold step toward a sustainable future with the launch of electric buses in Mumbai. In line with India’s Net Zero 2070 goal, ONGC is committed to achieving Net Zero emissions by 2038. : psuconnect.in Suman Kumar selected as Director (P&BD) of IOCL New Delhi : Suman Kumar, ED, Indian Oil Corporation Limited (IOCL), has been selected as Director (P&BD) of the biggest Indian Oil PSU, Indian Oil Corporation Ltd. : psuconnect.in HPCL and GP Petroleums signs deal for bulk bitumen supply, worth Rs 223 crore New Delhi : GP Petroleums Ltd has entered into a supply agreement worth approximately Rs 223 crore with Hindustan Petroleum Corporation Ltd (HPCL), a government of India enterprise, to provide Bulk Bitumen – VG30. : psuconnect.in India to dominate oil and gas transmission pipeline additions in Asia by 2028 New Delhi : India is projected to dominate oil and gas transmission pipeline length additions in Asia by 2028, according to a new report. India is expected to account for more than 40 per cent of the region’s total pipeline length additions by 2028, said the report by GlobalData, a leading data and analytics company. : Sarkaritel.com Oil settles down as ease of supply risks drives weekly loss New Delhi : Oil settles down as ease of supply risks drives weekly loss. : Economic Times OVL completes acquisition of Equior’s stake in Azerbaijan oilfield for $60 mn New Delhi : ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has completed the acquisition of Norwegian firm Equinor’s stake in an Azerbaijan oilfield and an associated pipeline for USD 60 million, the firm said in a statement. : Economic Times Diesel breaks stagnation, grows 8.4% in Nov New Delhi : Diesel sales grew 8.4% year-on-year in November, snapping this fiscal year’s consumption stagnation, according to the oil ministry data. : Economic Times With EU’s stringent fuel regulations looming, India readying its playbook on green aviation fuel New Delhi : India, the world’s third-largest aviation market, is readying its playbook on the apex intergovernmental body on civil aviation with its stringent global clean fuel regime. : Mint Alternative fuels key to making India self-reliant: Nitin Gadkari Mumbai : Transitioning to alternatives like biofuels and electric, among others, is critical for pursuing sustainable development and making India self-reliant said minister for road transport and highways Nitin Gadkari. : Economic Times Petrol, diesel consumption rebounds in November on festival demand New Delhi : India’s petrol and diesel consumption soared in November as the festive season reversed a fall in demand witnessed in previous months, preliminary data of state-owned firms showed on Friday. : Business Standard Cheap Venezuelan oil to India turns costlier as traders eat into margins New Delhi : India is losing access to its cheapest crude oil grade because of high margins charged by traders offering partially sanctioned Venezuelan oil, reducing the value of the commodity for Indian refiners, industry sources and officials told Business Standard. : Business Standard IndianOil Wins Big at FICCI Indian Sports Awards 2024 for Championing Sports Development New Delhi : IndianOil takes immense pride in being honored with the Best Corporate Promoting Sports Development (Public) award at the FICCI Indian Sports Awards 2024. : psuconnect.in BPCL Shines Bright at FIPI Awards 2023 New Delhi : Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and proud Maharatna, achieved a remarkable recognition at the prestigious Federation of Indian Petroleum Industry (FIPI) Awards 2023. : psuconnect.in BPCL honoured with two Awards at 10th IGMC Mumbai : BPCL Mumbai Refinery has been honoured with the prestigious India Green Manufacturing Challenge Gold Award 2024 and Net Zero Torch Bearer Performer Four-star Award 2024 at the 10th IGMC, held on November 8 at ITC Maratha, Mumbai. : psuconnect.in ONGC Videsh acquires 0.615% Stake in ACG and 0.737% stake in BTC, Azerbaijan New Delhi : ONGC Videsh Limited, Schedule “A” Navaratna Central Public Sector Enterprise, a wholly owned subsidiary of ONGC, the premier Energy Company of India. : psuconnect.in
