Aviations as well as oil marketing stocks were under stress in the current month (November 2017) on account of increase in crude oil prices.
Mercator Petroleum (MPL), a subsidiary of Mercator Ltd, announced that it had initiated preliminary technical discussions with the Director General of Hydrocarbons (‘DGH’) regarding the Field Development Plan for wells Jyoti 1 and 2 in the Cambay Oil block.
Oil India Ltd standalone revenue for the quarter came in at Rs. 2473.2 crore, registering 6.1% yoy increase. This was primarily driven by 12.5% yoy increase in revenues from crude oil segment.
SW Energy announced that the company has bagged a short-term supply order of 200 MW power.
Tata Power Renewable Energy Ltd (TPREL) had acquired Walwhan Renewable Energy Limited (formerly known as Welspun Renewables Energy limited) in September 2016.
In the trading session of Monday, shares of REC took a hit to fall down by 7%. The steep decline came after the company reported fall in PAT by 31% YoY.
JSW Energy consolidated revenue for the quarter came in at Rs. 2049 crore, registering 0.1% yoy increase.
Oil prices witnessed fall during early trade on Thursday after US reported record crude exports, although market participants said that attempts by OPEC to trim output remained well supported.
Power Grid Corporation has informed through a BSE filing that Pole-II of the 800kV Champa- Kurukshetra HVDC Terminals along with associated bays under “WR-NR HVDC Interconnector for IPP projects in Chhattisgarh” has been put into commercial operation with effect from 16 September, 2017.
Reliance Power is eyeing the financial closure of USD 1 billon for its LNG-fired plant in Bangladesh by the end of 2017-18, reported a leading business daily.