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NEWS MANTRA UPDATE February 20 -02-2025

Newsmantra — Thu, 20 Feb 2025 05:16:42 +0000

1 . MUMBAI . HPCL plans Rs. 1.3 lakh crore investment, expands refining capacity and renewable energy portfolio: CMD; Financial Express

2 . NEW DELHI. NHPC to shortly decide upon buying co-promoters stake in PTC, says CMD Raj Kumar Chaudhary; MINT

3 . NEW DELHI. . ONGC seeks joint venture partners to foray into ethane carrier business; Business Standard

4 . NEW DELHI. NTPC, GAIL Ink MoU for Jointly Exploring Opportunities in Energy Sector.

5 . NEW DELHI. SAIL Compulsorily Retires 11 Senior Officials Under CCS Pension Rules. SAIL reports indicate that their removal is part of a broader effort to enhance workplace

efficiency and organizational productivity within the company.

6 . NEW DELHI. India needs massive investment to meet 2070 net-zero target: Moody’s; The Economic Times

7 . NEW DELHI. New FASTag transaction norms not to impact highway users’ experience: NHAI.Business Standard

8 . NEW DELHI. RECPDCL Handovers 2 No. of SPVs of Transmission Projects viz., Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited to Power Grid Corporation of India.

9 . NEW DELHI. National Meet of the Forum of Women in Public Sector (WIPS), under the aegis of SCOPE, centered around the theme ‘Create Your Own Sunshine.’

10 . CHANDIGARH . HERC chairman directs power utilities to enhance efficiency, reduce losses, accelerate RE adoption; TOI

11 .NEW DELHI . Centre plans more airfare oversight as Maha Kumbh Mela costs stoke ire; Business Standard

12 . NEW DELHI. Manohar Lal inaugurated India’s first vertical bi-facial solar plant installation on the Delhi Metro Viaduct at Okhla Vihar Metro station.ET

13 . NEW DELHI. Ex-SBI chairman Khara to head panel to implement amendment to insurance law; Business Standard

14 . KOCHI. CSR funds scam: nearly 1,000 cases may eventually be transferred to SIT; The Hndu

15. NEW DELHI. POWERGRID has been conferred with Economic Times Human Capital Awards 2025

16. NEW DELHI. REC Limited Commits Rs. 8.41 Crore to Indian Red Cross Society for 7 Mobile Medical Units.

17 . NOIDA. The Uttar Pradesh government has appointed Mr. Alok Kumar, IAS (1993) UP cadre, as the new Chairman of the Yamuna Expressway Industrial Development Authority.

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DISCOM Conclave 2024

Newsmantra — Thu, 21 Mar 2024 10:23:14 +0000

At the DISCOM Conclave 2024 organized by the PHD Chamber of Commerce in New Delhi, CMD, PTC, Dr. Rajib Kumar Mishra as the Chief Guest of the event led discussions on the continuing evolution of India’s power distribution sector with smart grids, smart metering, and renewable energy integration supported by advanced data analytics. With the sector’s significant growth and the pivotal role of DISCOMs in the electricity value chain, the focus was on embracing technology to reduce losses (15.41% in FY 23) and boost sustainability. Highlights include the potential to save ?1.2 lakh crore annually through tech advancements and the push towards green energy included the extended value chain of EVs and Storage Systems, currently making up 24% of India’s power capacity and poised to assume bigger proportions of the overall capacity and energy mix.

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PTC signs an MoU to support 250 orphan and destitute

Newsmantra — Tue, 16 Jan 2024 05:23:09 +0000

PTC Foundation Trust signs an MoU to support 250 orphan and destitute children at Agnel Balbhawan, Greater Noida. Through the CSR initiative, PTC India Limited aims to provide psychosocial and healthcare support, ensuring education, counseling, and a path to mainstream success. Together, let’s create a brighter future for every child.

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PTC got recognition with Excellence Award for “Most Active Trader in Electricity” by IEX for the year 2022-23.

Newsmantra — Mon, 31 Jul 2023 06:54:44 +0000

PTC got recognition with Excellence Award for “Most Active Trader in Electricity” by IEX for the year 2022-23. PTC volume in IEX was 29.9 Billion Units during the year and its clients included various State Utilities, Generators, and Open Access consumers.

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PTC Foundation backs Smart Classrooms in all ARMY Goodwill Schools located in Leh and Ladakh

Newsmantra — Wed, 26 Jul 2023 12:28:33 +0000

PTC Foundation Trust (PFT) is backing 37 Smart Classrooms in all 7 ARMY Goodwill Schools located in Leh and Ladakh, as a part of CSR initiative ‘Promotion of Education,’ . Major General Shri P K Mishra, from 14 CORPS, Northern Command, Indian Army, commends PTC India for its commendable efforts in this regard. The recognition for this remarkable initiative was bestowed upon Ms. Sneh Daheriya-Trustee, and Advisor of PFT.

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PTC India plans to provide 24×7 power trading solutions: CMD

Newsmantra — Tue, 18 Jul 2023 06:31:50 +0000

PTC India Limited is planning to provide round-the-clock (RTC) power offerings by “blending” green energy with thermal, its CMD Rajib Kumar Mishra has said. The offerings will also include storage solutions, the official made the remarks at the company’s 24th Annual Day in the national capital.

PTC India aims to provide round-the-clock power offerings by blending renewable energy with thermal generation and storage solutions,” Mishra said.

PTC is a public-private partnership with major PSUs of the power ministry as promoters. It undertakes trading activities that include long-term trading of power generated from large power projects as well as short-term trading. Money Control

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PTC India Financial Services: MD sent on leave four months ahead of superannuation

Newsmantra — Thu, 22 Jun 2023 06:24:35 +0000

PTC India Financial Services MD & CEO Pawan Singh has been sent on leave four months ahead of his superannuation in October this year. The unceremonious move was taken in the light of persistent allegations of corporate misgovernance. This action has been result of RBI intervention on the matter . Newly appointed Director (Finance) Mahendra Lodha will take over the responsibilities of the MD & CEO till the appointment of a regular MD & CEO.

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