AGCL invites bids for proposed agrivoltaic solar project

Oil India board approves Rs 17.38 bn investment in NE gas distribution

Oil India (OIL) announced that it had obtained board approval for its equity investment in the joint venture company, the North East Gas Distribution Company (NEGDCL), established in collaboration with Assam Gas Company (AGCL). The approved investment amount is up to Rs 17.38 billion.

This strategic investment aligns with Oil India's 49% shareholding in NEGDCL, marking a significant advancement in the execution of city gas distribution (CGD) projects.

The board of directors of Oil India convened a meeting to discuss the equity contribution and unanimously approved the alloca..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..