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November,20,2018,Tuesday

LATEST NEWS UPDATES ON ENERGY FROM ACROSS THE MEDIA SPACE

NTPC SURGES AHEAD-PROFIT BEFORE TAX UP 24.30%

NTPC SURGES AHEAD-PROFIT BEFORE TAX UP 24.30%

India's largest power generation company, ​ NTPC Ltd ​ said on Monday that it has registered over 10% increase in the total income at Rs. 79,342.30 crore ​in 2016-17 ​against Rs. 72,009.16 crore in the previous year.

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Tata Power turns around solar business to become India's largest integrated solar company

Tata Power turns around solar business to become India's largest integrated solar company

Tata Power Solar, India's largest integrated ​private sector ​solar company, ​on Monday​ announced that the company has ramped up the scale of business substantially by focusing on building state of art technology, engineering and strengthening on customer & employee satisfaction.

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India Power eyeing acquisitions in thermal power projects

India Power eyeing acquisitions in thermal power projects

India Power Ltd will explore acquisitions preferably for thermal power projects, Chairman, Hemant Kanoria said. The company is also open for acquisitions in the renewable sector.

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States may auction under-construction wind power projects, further lowering tariffs

States may auction under-construction wind power projects, further lowering tariffs

The disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase.

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India clarifies tax on solar power equipment, parts at 5 percent GST

India clarifies tax on solar power equipment, parts at 5 percent GST

India will levy a 5 percent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about the new taxation policy for the industry after its landmark tax reform.

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For the first time in history, Uttar Pradesh may become a power surplus state

For the first time in history, Uttar Pradesh may become a power surplus state

Uttar Pradesh may become a power surplus state for the first time in its history, a report by the country’s apex government body dealing with the power sector indicates.

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Bhadla project powers India's solar energy march

Bhadla project powers India's solar energy march

Bhadla village is on the fringes of the Thar Desert in Rajasthan. It's about 200km from Jodhpur city. Its population is 6,148.

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World Bank to extend $240 mn credit for AP’s Power for All project

World Bank to extend $240 mn credit for AP’s Power for All project

The World Bank has announced $ 240 million credit line to support Andhra Pradesh Government's effort to provide 24x7 quality and affordable power to its citizens.

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Coal India Q4 net falls 38% to Rs 2,716 crore

Coal India Q4 net falls 38% to Rs 2,716 crore

State-run Coal India Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

 

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L&T Q4 net rises 28% to Rs 3,180 cr

L&T Q4 net rises 28% to Rs 3,180 cr

Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

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India cancels plans for huge coal power station - because solar energy is getting so cheap

India is the world’s second most populous country, and one of the fastest growing economies. Several projections put future India as the world’s most populous country and the world’s third largest economy by 2050.

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Won't oppose infrastructure funds for Adani's Carmichael coal mine project: Queensland govt

Won't oppose infrastructure funds for Adani's Carmichael coal mine project: Queensland govt

The Queensland government said on Monday it will not oppose any direct infrastructure fund transfer from the Australian federal government for Adani group's controversy-hit Carmichael coal mine project, which is in limbo.

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Tata Power Solar revenue doubles to Rs 2,262 cr

Tata Power Solar revenue doubles to Rs 2,262 cr

Tata Power Solar, formerly known as Tata BP Solar and a wholly-owned subsidiary of Tata Power, has more than doubled its revenue to Rs 2,262 crore in two years, the company said in a statement.

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Global Crude oil price of Indian Basket was US$ 50.63 per bbl on 26.05.2017

Global Crude oil price of Indian Basket was US$ 50.63 per bbl on 26.05.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.63 per barrel (bbl) on 26.05.2017.

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‘Two years ago, only governments and energy majors could afford an FSRU’

‘Two years ago, only governments and energy majors could afford an FSRU’

Mumbai-headquartered H-Energy plans to enter India’s LNG-import market, chartering two floating storage and regasification units (FSRUs) to receive short-term and spot cargoes.

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KG Basin to see $30 billion investment in 10 years: Oil minister Dharmendra Pradhan

KG Basin to see $30 billion investment in 10 years: Oil minister Dharmendra Pradhan

India’s gas output and refining capacity is poised to jump in the decade ahead, oil minister Dharmendra Pradhan said.

 

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OPEC ponders how to co-exist with US shale oil

OPEC ponders how to co-exist with US shale oil

First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

 

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PM Narendra Modi’s Ujjwala Yojana makes rapid progress; here’s what you really must know

PM Narendra Modi’s Ujjwala Yojana makes rapid progress; here’s what you really must know

Prime Minister Narendra Modi launched the Pradhan Mantri Ujjwala Yojana (PMUY) under the ministry of petroleum & natural gas on May 1, 2016, from Uttar Pradesh’s Ballia district.

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Israel's Delek Group Q1 profit up on higher natgas sales

Israel's Delek Group Q1 profit up on higher natgas sales

Israeli energy conglomerate Delek Group reported sharply higher quarterly net profit, boosted by increased sales of natural gas from the Tamar reservoir and higher profit at its insurance subsidiary.

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Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister emphasis on clean fuels burnishes the outlook for the industry.

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Modi’s emphasis on clean fuels pays off: Fidelity, Aberdeen bet on natural gas retailers IGL, Gujarat Gas & Mahanagar Gas

Modi’s emphasis on clean fuels pays off: Fidelity, Aberdeen bet on natural gas retailers IGL, Gujarat Gas & Mahanagar Gas

Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister Narendra Modi’s emphasis on clean fuels burnishes the outlook for the industry.

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