Power Finance Corporation Q4FY24 PAT grows 23% YoY to Rs 7,556 cr; NII grows 22%
New Delhi: Power Finance Corporation (PFC) on Wednesday announced a consolidated net profit of Rs 7,556 crore for the fourth quarter of FY24, an over 23 percent year-on-year (Y-o-Y) jump.
Sufficient measures in place to meet peak power demand in May, June: Govt
New Delhi: The government has implemented sufficient measures to address the projected peak power demand of 235 GW in May and 240 GW in June, an official statement said.
India's April oil consumption rises by 6% YoY: Oil Ministry
New Delhi: India witnessed a 6.1 percent year-on-year increase in fuel consumption, according to data released by the Petroleum Planning and Analysis Cell of the Oil Ministry.
Renewable Energy now accounts for over 70% of India's new power generation: Report
New Delhi: Renewable energy (RE) accounted for over 70 percent of the 26 gigawatts (GW) of newly generated power in India during the fiscal year 2023-2024, media reported.
Gates-backed startup Infinium is making sustainable fuel from water and carbon dioxide: Report
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.
India plans to set up first privately run strategic petroleum reserve by 2029-30: Report
New Delhi: India intends to set up its first privately operated strategic petroleum reserve (SPR) by 2029-30, allowing the operator the autonomy to trade the entire oil stock, media reports said.
India Energy Week: PM Modi announces $67 billion investment plan
New Delhi: Prime Minister Narendra Modi announced an unprecedented investment initiative of $67 billion in the natural gas supply chain over the next 5-6 years during his address at the second edition of the India Energy Week in Goa on Tuesday.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
New Delhi: India's energy output is all set to get a mega boost as state-owned oil explorer ONGC started extraction on January 7 from a deep-sea project at the Krishna-Godavari Basin, with the potential to produce 45,000 barrels per day by May-June of this year.
NTPC's first 800 MW Super Thermal Power Project set up in Telangana
Hyderabad: The first 800 MW Unit of phase 1 of the Telangana Super Thermal Power Project of NTPC has been installed in the Peddapalli district.
NLC India Ltd inks Power Purchase Agreement with GRIDCO Ltd for 800MW
Bhubaneshwar: NLC India Limited (NLCIL) and GRIDCO Ltd on Friday signed a Power Purchase Agreement (PPA), the Ministry of Coal said in a statement.
REC raises USD 1.15 Billion through syndicated term loans
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
4,000 MW renewable energy power project being set up in Tamil Nadu
New Delhi: A new project has been approved under Green Energy Corridor Phase-II with the aim to set up 624 km of transmission lines and 2200 MVA capacity substations by the fiscal year 2025-26.
Adani Power's Jharkhand plant starts supply to Bangladesh
Godda (Jharkhand): Adani Power has commenced power exports to Bangladesh from its 1,600MW power plant located in Godda, Jharkhand, the company said in a statement on Tuesday.
Record diesel and gasoline sales in May indicate strong demand
New Delhi: India's May diesel and gasoline sales reached record levels, providing a rare positive indication for the global oil markets, Bloomberg reported.