The oil and gas industry has demonstrated remarkable growth and endurance during the previous three years. Between October 2021 and October 2024, the NSE 200 gained 46%, while the Nifty Oil & Gas index returned 47%. Several government initiatives to increase production and strengthen the economy have benefited the upstream oil and gas industry. Oil-linked…
Following many orders worth Rs 560 crore being obtained by its subsidiaries, Premier Energies surged 7.8% to an intraday high of Rs 1,160. Premier Energies International and Premier Energies Photovoltaic, the company’s wholly-owned subsidiaries, were awarded numerous orders by two sizable independent power producers. The subsidiaries of Premier Energies Limited, Premier Energies International Private Ltd.,…
JSW Renew Energy Limited and JSW Renew Energy Thirty Limited, the company’s step-down subsidiaries, signed Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) on Friday for STU-connected Solar-Wind Hybrid Capacity, JSW Energy Limited announced. Two hybrid projects totaling 1,200 MW in capacity have PPAs signed by the company. Each project has…
As per the Department for Promotion of Industry and Internal Trade, the services, computer software, and non-conventional energy sectors accounted for the majority of the 48% year-over-year increase in Foreign Direct Investment (FDI) equity flows into India during the April-June quarter, which amounts to $16.1 billion. Trading, medicine, chemicals, cars, and telecom are among the…
On Wednesday, KPI Green Energy declared that, on its own, it has effectively achieved zero net debt status. “We are pleased to inform you that as of August 28, 2024, the company has successfully attained zero net debt status on a standalone basis,” the company stated in a regulatory statement. This accomplishment demonstrates our commitment…
On Wednesday, Larsen & Toubro reported that the Middle East has given it significant orders for its Power Transmission & Distribution Business in the region of Rs 2500 crore–Rs 5000 crore. According to reports from the United Arab Emirates, a reputable service provider to the energy sector has given the company a contract to build…
