Energy Sector

Energy Trading Update and Market Outlook: Nirmal Bang

Crude OilCrude settled up 30 cents at $48.85 on Wednesday, as early gains on U. S.

OPEC oil price stabilises

OPEC Vienna- The steep drop in the price of oil produced by the Organization of Petroleum Exporting Count

BGR Energy wins order worth Rs 15.50 crore

BGR Energy Systems LimitedBGR Energy Systems Limited, a leading energy equipment supplier, has won an order worth Rs 15.50 crore from Maithon Power Limited, Jharkhand for Design, Engineering, Supply, Erection and Commissioning.

The company has secured latest contract for the 2 x 525 MW Coal-based Power Plant, which is being developed by Maithon Power Limited.

Maithon Power Limited is a Joint Venture Company of Tata Power and Damodar Valley Corporation (DVC).

Energy Trading Update and Market Outlook: Nirmal Bang

petrolU. S. crude oil futures settled higher on Tuesday lifted by a bounce on Wall Street and amid volatility associated with the expiration of the May crude contract at the close. Crude rose after falling more than $2 earlier as uncertainty about a quick economic recovery and bank stability that pressured global equities pushed oil lower.

Natural Gas fell very sharply due to milder weather and expectation of built in inventory.

South Korea, the world's fifth-largest crude oil buyer, imported 61.82 million barrels of crude or 1.99 million barrels per day (bpd) in March, down from

BGR Energy Receives Rs 16 Cr Order From Maithon Power

BGR Energy Receives Rs 16 Cr Order From Maithon PowerBGR Energy, engineering equipment supplier, has announced that it has secured a deal worth Rs 15.5 crore.

The scope of the order includes design, engineering, supply, erection and commissioning of large `Total Water System` from Maithon Power, Jharkhand.

The water system would be established in a coal-based power plant being developed by Maithon Power Ltd, a joint venture company of Tata Power and Damodar Valley Corporation.

The company said that the order is to be completed by March 2010.  

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3  India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.

However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.

The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.

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