Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...
Tag: energy sector
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Atlanta Electricals Wins ₹2.85 Billion PSTCL Transformer Order
The order covers 23 high‑capacity 160 MVA, 220/66 kV power transformers, each fitted with advanced fire prevention and extinguishing systems, along with optional spares. Atlanta Electricals Ltd, the Gujarat‑based leading manufacturer of power transformers, has secured an order worth around ₹2.85 billion from Punjab State Transmission Corporation Limited (PSTCL) for the supply of high‑capacity power...
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ONGC Hosts 7th Para Games, Championing Inclusion in India Inc.
The games highlight the oil and gas fraternity’s commitment to platforms that recognise ability, uphold dignity, and foster workplace inclusiveness. ONGC on Wednesday launched the 7th ONGC Para Games 2026 at Thyagaraj Stadium in New Delhi, with participation from around 300 athletes with disabilities from eight oil and gas public sector units (PSUs). Hosted by...
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Tata Power Odisha Discoms Secure Top National Rankings for Third Consecutive Year
Improved billing efficiency and financial discipline helped Indian discoms drive the sector’s first‑ever profitability milestone in FY2025. For the third year in a row, Tata Power‑led Odisha distribution companies (discoms) have achieved top‑tier rankings in the Fourteenth Integrated Ratings and Rankings Report of Power Distribution Utilities for FY2025. Released by the Ministry of Power, the...
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Govt Focus on Mitigating Cash-Flow Stress and Reducing Theft
Power Distribution Reforms Even as the Centre puts in place a strategy to bring in efficiencies, energy sector observers believe that states will play hardball because electricity comes under concurrent list and state governments play an active role. In the backdrop of distribution companies’ dues having touched an all-time high and showing no signs of...
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Pradhan Invites Global Majors to Participate in India’s Multi-Pathway Energy Transition
Union Minister of Petroleum and Natural Gas & Steel, Dharmendra Pradhan has said the unprecedented obstruction caused by the COVID-19 pandemic to the global economic progress had led the country to evaluate the robustness of its energy sector.
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Energy | Why LNG for India?
LNG has proved to be moe expensive than investors had bargained for. Yet why do investors keep returning to that option? Energy mix of a country is driven by the domestic availability of fuels and govÂernment’s energy sector policies incluÂding of...
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Over $100 bn investment in nuke sector expected
Commerce and Industry Minister Anand Sharma expressed hope that the country will see investments in excess of $100 billion in the nuclear power sector alone in the coming two decades. The minister expects that at least a quarter of these will come from France.
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Coal-based power projects in Uttarakhand
The Centre has asked the Uttarakhand government to provide free of cost land for setting up coal-based power plants in the hill state.