Author Archives: Biju Kumar

Another robust quarter from IndiGrid, Ebitda up 24% to Rs 1.5 bn in Q2

IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), announced its results for the quarter ended 30th September 2018. The company posts EBITDA of Rs 1.51 billion in Q2 FY19, up by 24% YoY and 4% QoQ on back of acquisitions. Consolidated revenue for the quarter stood at Rs. 1,653 million. On a half-yearly basis,

IL&FS crisis may sound death knell for PPP

The default crisis that has struck IL&FS, flagbearer of the public-private partnership (PPP) programme, may be the last straw for this once-promising avenue of infrastructure development, experts and executives said, adding that the government will have to take over that role once more. The private sector’s enthusiasm for investment in infrastructure has in any case

Oil up but posts weekly loss on stock build, trade tensions

Oil prices rose on Friday on signs of surging demand in China, the world’s No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. Brent crude futures rose 49 cents to settle at $79.78 a barrel. West Texas Intermediate

Power generation in KKNPP Unit II stopped for maintenance work

Power generation from the second unit of Kudankulam Nuclear Power Plant (KKNPP) has been suspended to take up maintenance work, a KKNPP official said Saturday. “Power generation at Unit-II has not been stopped due to any valve breakdown as stated in the news. This was a planned outage,” KKNPP Senior Manager, HR-Press Relations, J Devaprakash