MUMBAI: The price of compressed natural gas (CNG) has been increased by Rs 1.50 per kg and that of domestic piped natural gas (PNG) by 95 paise per unit. The hike will affect not just 7.5 lakh autos, taxis and buses in Mumbai which depend on the green fuel, but also over seven lakh households […]
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GE Power India reports 65% dip in Q3 consolidated net profit at Rs 35 cr
GE Power India on Monday reported 65 per cent decline in consolidated net profit at Rs 35.09 crore for December quarter 2020-21. The net profit in the year-ago period was Rs 100.81 crore, the company said in a BSE filing. Total income rose to Rs 1,143.13 crore in the quarter from Rs 784.67 crore in […]
BPCL Q3 conolidated net dips 7.4% to Rs 1,901 cr, revenue up 1.8%
Bharat Petroleum Corporation (BPCL) has reported Rs 1,900.63 crore consolidated profit for the third quarter of financial year 2020-2021. This is a fall from the Rs 2,051.43 crore profit reported by the company in the same months of the previous financial year. The BPCL Board declared an interim dividend of Rs 16 per equity share […]
ReNew Power prices its green bonds at 4 per cent, say sources
ReNew Power on Monday priced its green bonds at the lowest rate for a high yield bond ever from India at 4 per cent, according to sources. The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by […]
Mumbai: Rs 536 crore hydro & solar power project gets BMC’s nod
MUMBAI: The BMC’s standing committee on Monday approved a Rs 536 crore hydro and solar power project to generate 100 megawatt power at its Vaitarna dam. Officials said that the plant will help the BMC save at least Rs 24 crore every year on electricity bills. Apart from this,, the BMC also appointed contractors to […]
Power demand higher than last year in most of January
NEW DELHI: As the city faced cold wave conditions in January, the demand for electricity also went up and on 23 days in the month, the peak power demand was higher than the corresponding days in January 2020. On January 1, the peak power demand breached the 5,000 MW mark for the first time this […]
1 crore people will get LPG connections for free: PM Modi
KOLKATA: Over one crore people in the country will get LPG connections for free under the Pradhan Mantri Ujjwala Yojana. This was revealed by Prime Minister Narendra Modi at Haldia on Sunday while inaugurating a host of projects in the state. He said in Bengal, over 90 lakh people have got gas under PMUY and, […]
Vijay Mallya given some access to UK court-held funds to meet legal, living expenses
LONDON: Embattled liquor tycoon Vijay Mallya was granted access to around 1.1 million pounds from court-held funds to meet his living expenses and legal costs by the High Court in London on Monday. Deputy Insolvency and Companies Court Judge Nigel Barnett presided over a remote hearing to rule over the level of access to the […]
Crude oil price hits 13-month high supported by supply cuts, demand optimism
SINGAPORE: Oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent crude futures for April gained 29 cents, or 0.5%, to $60.85 a barrel by 0246 GMT. U.S. West Texas Intermediate crude (WTI) for March was at […]
BPCL Q3 results: Net profit zooms 120% to Rs 2,778 cr; company declares dividend of Rs 16
MUMBAI: Bharat Petroleum Corporation Ltd NSE 1.82 % today reported a 120 per cent year-on-year rise in its net profit for the quarter ended December to Rs 2,777.6 crore. The company’s revenues in the quarter grew 1.4 per cent year-on-year to Rs 86,579.95 crore. The company’s revenue growth reflected likely recovery from the impact of […]
Hindustan Petroleum Corporation Ltd. shares up 1.73% as Nifty gains
Shares of Hindustan Petroleum Corporation Ltd. gained 1.73 per cent to Rs 229.2 in Monday’s trade. It hit a high of Rs 229.75 and low of Rs 226.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 206.8, while the 50-DMA was at Rs 221.26. If a stock trades […]
Power Finance Corporation Ltd. shares up 0.79% as Nifty gains
NEW DELHI: Shares of Power Finance Corporation NSE 0.23 % Ltd. traded 0.79 per cent up in Monday’s trade at 12:16PM (IST). Around 477,073 shares changed hands on the counter. The counter opened at Rs 126.25 and touched an intraday high and low of Rs 128.35 and Rs 126.25, respectively, in the session so far. […]