scorecardresearch

Energy

India's coal production rises 12% in September

India's coal production rises 12% in September

Oct 03, 2022

Of the top 37 mines, the output of 25 blocks has been more than 100 per cent and another five mines' production stood between 80 and 100 per cent in the last month.

Gas price hike: CNG prices to go up by at least Rs 8-12 per kg

Gas price hike: CNG prices to go up by at least Rs 8-12 per kg

Oct 03, 2022

According to ICICI Securities, piped cooking gas, called PNG, CNG prices will need to be raised by Rs 6.2 per standard cubic meter and Rs 9-12.5 per kg to fully pass on the impact of these high input costs.

IC Mangal, CEO-Global OMS, Suzlon said that Suzlon has never faced any major issue in terms of the technology and in terms of the product.

Is Suzlon coming back on track? Top executive shared insight hours before Tulsi Tanti's demise

Oct 03, 2022

In an interaction with Business Today at Suvarda, Gujarat, IC Mangal said that the company is set to make a comeback after facing huge challenges during the past 10-15 years. Edited excerpts:

Tanti had gone on record claiming that a change in the e-reverse auction process would result in wind power installations increasing by up to ten times to 15000 MW per year from 1500 MW currently.

Suzlon's Tulsi Tanti was an ardent champion of wind energy sector, always leading from the front

Oct 02, 2022

Tanti’s aggressive lobbying skills had resulted in a government committee agreeing in principle to abolish the e-reverse bidding framework for wind projects in July this year

In the first eight months of 2022, Rajasthan comprised 49 per cent of India’s new solar capacity whereas 63 per cent of the country’s new wind energy was built in Gujarat

Gujarat 4th state after Rajasthan, Telangana, Karnataka to meet 2022 renewable energy targets: Report

Sep 22, 2022

Rajasthan overtook Gujarat in March this year with the most installed renewable energy.

Mahesh Singhi, Founder & MD, Singhi Advisors, an M&A advisory firm, says investors feel comfortable with a platform.

Adani, Tata, Mahindra, Hero rake in close to $4 billion for their renewables businesses

Sep 21, 2022

Analysts say this is only the beginning of big money pouring in, with Reliance and Adani expected to set the funding process in motion for green hydrogen.

 Technical evaluation of bids has been completed and forward e-auction for 10 coal mines will be launched on September 13 (Photo: Reuters)

E-auction of 10 commercial coal mines to start tomorrow

Sep 12, 2022

The coal ministry, which is a nominated authority, has till now successfully auctioned 43 mines with PRC of 85.54 million ton per annum.

Gazprom Singapore pays 'meagre' penalty for defaulted LNG deliveries to India (Photo: Reuters)

Gazprom Singapore pays 'meagre' penalty for defaulted LNG deliveries to India

Sep 12, 2022

Gazprom Marketing and Trading Singapore (GMTS), under a long-term 20-year contract, was to supply 2.5 million tonne of LNG to state-owned GAIL (India) Ltd this year. But it has not supplied any cargo or shipload of LNG since early June.

Earlier in August, the MSEDCL had conducted another auction to purchase power from 500 MW of grid connected solar projects (Phase VII).

Avaada Energy bags 300 mw solar project from MSEDCL

Sep 12, 2022

Avaada Group has been declared one of the winners in an auction conducted by Maharashtra State Electricity Distribution Company (MSEDCL) to procure power from 500 MW of grid-connected inter or intrastate solar projects (Phase-VIII) on a long-term basis

China's Sinopec starts first carbon capture, storage facility, plans another two by 2025 (Photo: Reuters)

China's Sinopec starts first carbon capture, storage facility, plans another two by 2025

Aug 29, 2022

The state oil giant is one of the leading companies building pilot CCUS projects in China, part of the country's goal to reach peak carbon emissions by 2030.

Essar signs $2.4 billion deal to sell ports business to ArcelorMittal

Essar signs $2.4 billion deal to sell ports business to ArcelorMittal

Aug 26, 2022

In a statement, Essar said it has signed definitive agreements with ArcelorMittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.

Avaada proposes Rs 40,000 crore green ammonia plant in Rajasthan; may offer 3,500 jobs (Photo: Reuters)

Avaada proposes Rs 40,000 crore green ammonia plant in Rajasthan; may offer 3,500 jobs

Aug 25, 2022

The Rs 40,000 crore plant which is proposed to be built in Rajasthan's Kota district is expected to directly employ 3,500 people.

Norway’s climate and pension funds to invest ₹2.8 billion in Rajasthan solar project (Photo: Reuters)

Norway’s climate and pension funds to invest ₹2.8 billion in Rajasthan solar project

Aug 25, 2022

Norfund and KLP have acquired 49 per cent stake in an Indian solar power project that is estimated to deliver a capacity of 750 GWh per year on completion.

 Adani Total Gas reduces PNG and CNG prices (Photo: Reuters)

Adani Total Gas reduces PNG and CNG prices

Aug 18, 2022

The Adani Group-backed company in an official statement said that the recent intervention by the government has helped the CGD industry in moderating the prices of CNG and home PNG to end customers.

Coal India produced over 207 mn ton coal in last 4 months: Pralhad Joshi

Coal India produced over 207 mn ton coal in last 4 months: Pralhad Joshi

Aug 17, 2022

"Once fully operational, these coal mines are expected to generate employment for 31,954 persons directly & indirectly. A total investment of Rs.3565.50 crore will be incurred to operationalise these mines," the Coal ministry noted.

ONGC inks agreement with ExxonMobil for deepwater exploration in Indian coasts

ONGC inks agreement with ExxonMobil for deepwater exploration in Indian coasts

Aug 17, 2022

"Collaboration between ONGC and ExxonMobil will be a strategic fit where ONGC’s knowledge and past experience in these areas will be coupled with ExxonMobil’s global insights," ONGC stated.

NTPC to raise Rs 5,000 crore term loan

NTPC to raise Rs 5,000 crore term loan

Aug 16, 2022

The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.

Indian Oil to restart Paradip refinery from mid-Sept (Photo: Reuters)

Indian Oil to restart Paradip refinery from mid-Sept

Aug 16, 2022

While the crude unit was shut from Aug. 1, the naphtha hydrotreater, continuous catalytic reformer, diesel hydrotreater, coker and alkylation units were shut sequentially.

NLC India Q1 profit rises to Rs 569 crore (Photo: ANI)

NLC India Q1 profit rises to Rs 569 crore

Aug 12, 2022

The company had posted consolidated profit of Rs 357.59 crore in the year-ago period, NLC India said in a regulatory filing.

OPEC, unlike IEA, sees lower 2022 oil demand growth, sticks to 2023 view (Photo: Reuters)

OPEC, unlike IEA, sees lower 2022 oil demand growth, sticks to 2023 view

Aug 11, 2022

The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency, which earlier on Thursday raised its demand outlook.

Oil India Q1 net profit triples to Rs 1,555 cr on oil, gas price boost (Photo: Reuters)

Oil India Q1 net profit triples to Rs 1,555 cr on oil, gas price boost

Aug 11, 2022

Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back, the company said in a statement.