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Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Date : Feb 15, 2019

Azure Power has announced its consolidated results for the third quarter ending December 31, 2018.

 

The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ($34.9 million) which was up 40 percent, an increase of ₹690.9 million ($9.9 million) from the same period in 2017. The increase in the generated revenue was primarily driven by the projects commissioned since last year, according to the company. New solar projects drove Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019.

 

Its adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization...

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BPCL Commissions Rs 14.19 Billion Crude Distillation Unit at Mumbai Refinery

Date : Dec 29, 2015

State-run oil refiner and marketer (BPCL) today commissioned a new 6-million ton crude distillation unit (CDU) at its Mumbai refinery, which will take the capacity of its oldest facility to 12 million ton per annum.

 

The Rs...

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Iraq Seeks to Reopen Oil Pipeline through Saudi Arabia

Date : Dec 29, 2015

Iraq is seeking to reopen its crude oil export pipeline through Saudi Arabia, shut in 1990, state newspaper Assababah reported citing an unidentified Iraqi official.

 

"The Iraqi oil ministry started taking steps to...

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KEI Industries Bags Order worth Rs 384 Cr from Power Grid

Date : Dec 29, 2015

Cable maker KEI industries limited said that it has bagged an order worth Rs 384.53 crore from Power Grid Corporation of India. “The Company has bagged orders/ notification of awards valuing Rs 384.53 crore from Power Grid...

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GAIL to Take 5% Stake in Consortium Building TAPI Gas Pipeline Project

Date : Dec 28, 2015

GAIL India Ltd will take 5 per cent stake in the international consortium building the $8.7 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. The four nations building the pipeline had in August agreed to co-own the...

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Russia, India Negotiating on more Acquisitions Projects in Hydrocarbons Sector

Date : Dec 28, 2015

Russia's decision to open up its oil and gas sector to Indian companies will significantly boost bilateral trade and the two sides are negotiating on some more acquisitions and projects in the hydrocarbons sector, India's envoy here P S...

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Power Utilities Including NTPC and DVC Owe Rs 8,279 Crore to Coal India

Date : Dec 28, 2015

Power generation utilities including country's largest power producer NTPC and Damodar Valley Corporation (DVC) owed about Rs 8,279.19 crore to state-owned Coal India, as on November 30.

 

"Power...

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Adani's 600-MW Chhattisgarh Power Plant Delayed

Date : Dec 28, 2015

Adani Group's 600-MW power plant in Surguja district of Chhattisgarh has hit a roadblock after residents of nearly 10 villages, whose land will have to be surrendered for the thermal plant, decided to oppose the project and...

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ONGC Videsh Ltd, Rosneft Sign Vankor Oil Field Deal

Date : Dec 28, 2015

A deal to allow ONGC Videsh Limited to pick up 15 per cent stake in Russia's second biggest oil field of Vankorneft and three other major pacts between Indian and Russian companies in oil and gas sector have been struck during...

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GMS to Set Up Facility at Zayed Port for Offshore Vessels

Date : Dec 28, 2015

Gulf Marine Services (GMS) will set up a state-of-the-art facility at Zayed Port in Abu Dhabi, UAE, to construct and maintain its offshore support vessels that serve the region’s oil and gas...

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Adnoc Plans New Global Investment Arm at Abu Dhabi

Date : Dec 24, 2015

Abu Dhabi National Oil Co (Adnoc) plans to set up an international arm to invest in oil and gas firms abroad, reported on Wednesday.

 

The new firm Adnoc International Limited, formed after...

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DEWA to Seek Partners to Build Solar-Powered Desalination Plant

Date : Feb 15, 2019

Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Dubai Electricity and Water Authority said.   The plant, using reverse osmosis technology, will have capacity to produce 120 million gallons a day of drinkable water by 2024, Chief Executive Officer Saeed Mohammed Al Tayer said in Dubai. DEWA is also developing a reservoir to hold as much as 6 billion gallons of water reserves, and the utility currently stores about 700 million gallons, Al Tayer said at the World Government Summit in Dubai.   Dub...

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UAE-based Tabreed Signs First District Cooling Contract in India

Date : Feb 14, 2019

UAE-based National Central Cooling Company (Tabreed) said it has entered into a 30-year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) to build, own, operate and transfer its first district cooling system in...

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CM Patnaik lays Foundation Stone Laid for Odisha’s Subarnarekha Port

Date : Feb 14, 2019

Chief Minister of Odisha Naveen Patnaik laid the foundation stone of the Subarnarekha port in Balasore district of Odisha on 13 February 2019.

 

The proposed port is being developed by Tata Steel and Creative...

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Maire Tecnimont JV to Build Polymer Facility in Kizad

Date : Feb 14, 2019

Gulf Compound Blending (GCB), a newly-formed joint venture between Met T&S (Maire Tecnimont Group), M Cecchi & Co and Arab Development Establishment, is set to establish a new polymer facility within the Khalifa Industrial Zone Abu...

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Oman Signs Major Deals for Duqm Integrated Power & Water Project

Date : Feb 13, 2019

Oman-based Al Duqm Power Company has signed five major agreements for the construction of an integrated power and water plant in the Special Economic Zone of Duqm at an investment of $480 million, said a...

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BP India Likely to Complete KG-D6 Project by Next Year

Date : Feb 13, 2019

British Petroleum (BP) India on Tuesday said that it expects to complete the entire Krishna Godavari Dhirubhai 6 (KG-D6) project by next year. RIL, along with its partner BP India, is developing three sets of oil and gas discoveries...

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Venerable LNG Plans LNG Terminal in West Bengal

Date : Feb 13, 2019

Venerable LNG plans to set up a liquefied natural gas (LNG) terminal with a capacity of one million tpa at Haldia in Midnapore district of West Bengal.

 

The project will spread over 11.48 acre of land. In a...

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Adnoc Awards Onshore Block 3 Exploration Contract to Occidental

Date : Feb 12, 2019

Abu Dhabi National Oil Company (Adnoc) said it has awarded an onshore block – known as Onshore Block 3 – to US-based international oil and gas exploration and production company Occidental...

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Govt Nod for Setting Up 12,000 MW Solar Power Projects

Date : Feb 08, 2019

The government on Wednesday gave its nod to a proposal for setting up 12,000 MW grid-connected solar photovoltaic (PV) power projects with an estimated viability gap funding of Rs 8,580 crore.

 

The decision...

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Bahrain, Aramco to Conduct a Feasibility Study to Boost Oil Output

Date : Feb 08, 2019

Bahrain and Saudi Aramco have agreed to set up a team to conduct a feasibility study on boosting oil output, benefiting from the carbon dioxide produced by Saudi Aramco.

 

The decision came following a meeting...

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