Coal Ministry reviews stocks as peak power demand to hit 235 GW in May
Coal Minister Pralhad Joshi on Sunday reviewed the coal production and despatch situation at thermal power plants (TPPs) as the country’s power demand is expected to hit 235 gigawatts (GW) during May.

APL Apollo Tubes Q4 Results Live : profit falls by 15.55% YOY
APL Apollo Tubes Q4 Results Live : APL Apollo Tubes declared their Q4 results on 11 May, 2024. The topline increased by 7.55% & the profit decreased by 15.55% YoY.

Kalyan Jewellers India Q4 Results Live : profit rise by 96.32% YOY
Kalyan Jewellers India Q4 Results Live : Kalyan Jewellers India declared their Q4 results on 10 May, 2024. The topline increased by 34.1% & the profit increased by 96.32% YoY.

Gold price slips Rs 10 to Rs 73,350, silver down Rs 100 at Rs 86,900

The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 67,240.
 

Gold ETFs see first outflow after March 2023 at `396 crore on profit booking
 

BPCL expects to get lower discounts on Russian oil
Bharat Petroleum sees discounts on Russian crude shrinking to USD 3-6 per barrel against USD 8-10 last year, amid range-bound global oil prices, but will continue to import "significant" volumes, the company brass told investors on Friday.

IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24
IOC, BPCL, HPCL post ₹81,000 crore record profit in FY24
The Hindu Business Line

Tata Power to sell green energy to group companies, MNCs: Praveer Sinha
Speaking with Business Standard over a telephone call, Praveer Sinha, MD and CEO Tata Power, said they would provide integrated green energy solutions to C&I customers. “There are a large number of companies who want to replace their existing energy supply with RE. We are in discussion with large companies including multinationals. We are also in active discussions with companies within the Tata Group, including the new ones which are coming up,” Sinha said.

After coal and gas, govt bolsters hydro capacity to meet rising peak demand
The Ministry of Power said it has “optimised” hydropower generation to make available an additional 4GW capacity, weeks after it instructed fifteen imported coal-based and all gas-based thermal plants to be operational during the summer months. With peak power demand set to touch 240 GW in June, the ministry’s latest effort to avoid supply shortfall reflects growing concern over risk of outages, particularly amid poll season demand surge and a hotter-than-usual summer.

Amplus Solar aims at 2 GW RE capacity by December
Amplus Solar plans to have 2 GW of cumulative renewable energy capacity, across solar and wind power, by the end of 2024, managing director and CEO Sharad Pungalia said. Moreover, the company also plans to expand its portfolio to include battery storage energy systems (BESS) in order to provide round-the-clock energy solutions. It will continue to look at other avenues, including green fuel or green hydrogen to promote green transition.

SAIL-Bhilai to set up Chhattisgarh's first 15-Mw floating solar plant

“In a major step towards this, Bhilai Steel Plant has taken up the project of installation of a 15 MW capacity floating solar plant in its Maroda-1 reservoir,” a BSP spokesperson said. The project is being implemented through NTPC-SAIL Power Supply Company Limited (NSPCL), a 50:50 joint venture company of National Thermal Power Corporation (NTPC) and SAIL. The solar plant will be set up in Durg district.

Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power
The central government’s rooftop solar subsidy scheme for households could present a $1 billion-plus business opportunity for Tata Power, the company’s managing director Praveer Sinha said. The opportunity will play out over the coming three years, as the company looks to corner a fifth of the domestic market for solar modules, Sinha added.

Nuclear energy clean base load option for integration of variable RE: Anil Kakodkar
Emphasising that nuclear energy will play a significant role in India’s goal of becoming a developed nation, Former Chairman Atomic Energy Commission Anil Kakodkar said that such power is a clean energy option for facilitating integration of variable renewable energy (RE).

Iraq won't agree to new OPEC+ oil production cuts, oil minister says
Iraq's oil minister said on Saturday Iraq had made enough voluntary oil production reductions and would not agree to any additional cuts taken by OPEC+ at its next meeting early next month.