Markets regulator Sebi on Wednesday imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014. In addition, the regulator levied a fine of Rs 15 lakh each on P Elango, who was the CEO and director of Cairn, Aman Mehta, who was the […]
Day: May 20, 2021
PGCIL organises COVID-19 vaccination camps in NCR region; 2,600 people inoculated
State-run Power Grid Corporation of India Ltd(PGCIL) on Thursday said around 2,600 people have been inoculated at a vaccination drive organised by the company in the national capital region (NCR) of Delhi. Around 2,600 people have been vaccinated by PGCIL in three camps organised in the NCR territory. These camps were organised for the age […]
Oil steadies after sell-off as US stockpiles rise less than expected
Oil prices steadied on Thursday after a two-day slump, reflecting the world’s mixed economic recovery from the pandemic, with US demand expected to keep rising, while a second coronavirus wave raging in India has led to more curbs on movement. Brent crude was up 11 cents, or 0.2 per cent, at $66.77 a barrel by […]
NTPC Barh achieves full load power generation
Despite the steep rise in Covid cases, the NTPC Barh has claimed to ensure uninterrupted power generation in its plant while implementing various precautionary measures for workplace safety. “Power generation from two units of stage-2 (1320MW) surpassed the memorandum of understanding (MoU) target with overall generation of around 7804 million units in fiscal 20-21. The […]
Gujarat: Power supply restored in 5,500 villages
The state energy department has been working overtime to restore electricity to villages which faced blackouts due to cyclone Tauktae. An official statement said that until noon on Wednesday, electricity supply had been restored to 5,489 of the 9,685 villages that faced power outage. Over 69,000 electricity poles had collapsed, and electric substations of 220-KV […]
Energy transition brings $14 trillion uncertainty for upstream oil and gas: WoodMac
The energy transition represents $14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie. Oil demand may continue to grow for another decade or more. On the other hand, if the world acts decisively to limit global warming to 2 Degree Celsius by 2050 oil demand and […]
Cyclone Tauktae effect: Jaipur records 1,000 cases of power disruptions
Heavy rainfall in the city due to cyclone Tauktae affected power supply in several areas. Over 1,000 complaints of power line fault were received since Wednesday morning, most of which were resolved. JVVNL officials said these were minor complaints and no major feeder was switched off. On the outskirts of city where there are agriculture […]
7 GW of unsigned power supply agreements pose risk to RE targets: Crisil
Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main reasons that may lead to 35 per cent shortfall in 160 GW renewable energy capacity target set for calendar 2022-end, ratings agency Crisil said on Thursday. This delay may, however, not impact the credit […]
Sumdho-Gramphu road to be thrown open by May 25
Bad weather has delayed the restoration of the Sumdho-Kaza-Gramphu road for traffic movement in tribal district of Lahaul Spiti. After restoration of Manali-Leh highway for traffic movement on March 29, the BRO was planning to restore Sumdho-Kaza-Gramphu road by the end of April. But bad weather and frequent heavy snowfall in the region during April […]
BJP leader announces road widening projects
The BJP leader and former chairman, Improvement Trust Nabha, Gurtej Singh Dhillon, today announced that the Patiala-Nabha and Patiala-Sirhind roads would be widened with the help of the Centre Government.
HVPNL contractual staff resent termination
Around 12 contractual employees working as junior accountants in the accounts department of the Haryana Vidyut Prasaran Nigam Limited (HVPNL) have expressed resentment over the termination of their services without any notice. Terminated contractual employees Rajnish, Gurpreet Saini and Balwinder Sharma said: “On one hand the state government has directed various government and private institutions […]
IOC profit increases to Rs 8,781 cr in March qtr
Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Wednesday reported a better-than-expected net profit of Rs 8,781.30 crore in the March quarter, helped by a surge in refining margins as higher crude prices boosted the inventory value. Standalone net profit in January-March was at Rs 8,781.30 crore, or Rs 9.56 a share, compared […]