BUSINESS
Reliance Industries AGM 2022 | Updates on listing of Jio, Reliance Retail due for next year: Mukesh Ambani
Ambani's statements come at a time when shareholders, investors, and the street was abuzz that the conglomerate may make announcements on the IPOs.
BUSINESS
JSW Renew set to bag SECI’s 1GWh battery storage systems project
SECI’s battery storage projects, which will be the largest standalone project in the world, will be set up through the build-own-operate-transfer (BOOT) route.
BUSINESS
State-run companies set green energy ambitions with net-zero target in mind
Apart from use of solar and wind energy, all three state oil refiners plan to produce green hydrogen, while NTPC is getting into nuclear power.
BUSINESS
Gail (India) gets new director for human resources, BPCL for marketing
Leading public sector oil and gas companies have been facing delay in appointments for many key positions, with director level executives having to take additional charge in absence of a new appointment.
BUSINESS
13 States barred from power exchanges over unpaid dues
Industry sources told Moneycontrol that at least two of these states have made payments and may be allowed to trade soon.
BUSINESS
Adani Total Gas cuts PNG, CNG prices after govt intervention
The reduction in gas prices has been effected from August 17, 2022 across 19 geographical areas covered by the company.
BUSINESS
Hindustan Oil Exploration Co shut second well in western offshore for tech issues
Management hopes to resolve technical issues in oil well D1 and gas well D2 in the current calendar year.
BUSINESS
MC Explains | What is 2G ethanol and why is India aiming to increase its production?
2G ethanol plants use surplus biomass and agricultural waste to produce ethanol, which is then blended with petrol. This helps India cut down on its crude oil imports, cut CO2 emissions, dispose of agri stubble, and increase farmers’ income, among others.
BUSINESS
Mytrah Energy deal value accretive, EBITDA will improve post acquisition: JSW Energy CEO
JSW Energy has appetite for more acquisitions, said Prashant Jain
BUSINESS
MC Explains: What is the Electricity (Amendment) Bill 2022 and why is it drawing criticism?
Power Minister RK Singh said the bill would be discussed in detail by the parliamentary standing committee.
BUSINESS
We stand by our commitment to add 500 GW of non-fossil fuel by 2030: Power Minister RK Singh
India’s non-fossil fuel-based capacity stands at 167 GW, which accounts for 41 percent of its total installed capacity.
BUSINESS
RIL aims to be ‘preferred provider’ for mobility solutions with fuel retail, EV charging network
Jio-bp aims to expand from its current fuel retailing network of over 1,460 retail sites to up to 5,500.
BUSINESS
RIL green energy business may outperform other growth engines in 5-7 years: Mukesh Ambani
RIL aims to be net carbon zero by 2035.
POLICY
Electricity (Amendment) Bill 2022 likely to be introduced next week
The Bill aims to streamline the payment framework, empower regulators and encourage competition in the sector.
BUSINESS
Adani Total Gas says domestic gas allocation remained low in Q1FY23
The company said there was also a lower allocation of APM gas during the quarter which has impacted the gas cost as well as the gross margins.
BUSINESS
MC Explains | Proposed changes in Energy Conservation regulations: Why they are important for India
Here's an explainer on how both the Energy Conservation Amendment Bill and revised Nationally Determined Contribution towards climate change are aimed at achieving the country’s ambitious targets to work towards climate action.
BUSINESS
Supply disruptions from Gazprom may be 'short-term', GAIL will manage by rationing: Sources
Shares of GAIL declined almost 4 percent on BSE on news of supply disruption from Gazprom
BUSINESS
India would have faced substantial power outages had we not scaled up coal import: Power Minister
Govt eases imported coal blending norm, asks power generators to decide percentage of blending for themselves.
BUSINESS
Explained: What is the new discom revamp scheme and how can it reduce the woes of the power sector?
While this scheme can help improve operational efficiencies, its success hinges on execution by the states
BUSINESS
PM launches discom revamp scheme, asks states to pay power dues
The Revamped Distribution Sector Scheme will have an outlay of over Rs 3 lakh crore over a period of five years from the financial year 2021-22 to FY 2025-26.
BUSINESS
NTPC board approves enabling resolution for Rs 12,000 crore NCD issue
On a consolidated basis, NTPC generated 104.42 billion units in Q1FY23, up 22 percent on year.
BUSINESS
Tata Power will add up to 2.5 GW renewable energy capacity every year, divest non-core assets: CEO
Praveer Sinha expects global coal prices to remain elevated for at least two years but sees some relief going ahead on the domestic front as Coal India and others scale up production.
BUSINESS
CCEA allows BPCL arm to invest additional $1.6 billion in Brazil oil project
Bharat PetroResources Ltd owns 40 percent participating interest in the Sergipe Alagoas (BM-SEAL-11), while Petrobras, Brazil's national oil company, holds the remaining 60 percent
BUSINESS
Tata Power will pare debt via divestment and profit but focus is on growth now: CEO
Praveer Sinha said the company is comfortable with the current financial ratios, and the earnings before interest, tax, depreciation and amortization from the business would help service the debt
