Ola Electric Mobility Pvt Ltd has appointed Arun Sarin, former CEO of Vodafone Group Plc, as an independent director on its board. Sarin will be a mentor and advisor to Ola Electric on overall business strategy. Speaking on his appointment, Sarin said: “Electric mobility at scale is the need of the hour, and can help […]
Category: Power
Arcelor, Resurgent Power may jointly buy Essar Power plant
Preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh have been held, according to sources ArcelorMittal is exploring a joint offer with Resurgent Power Ventures Pte to buy an Essar Power generation plant, according to people with knowledge of the matter. The companies have held preliminary talks on a […]
Millions without power after tornado hits Ohio state in US
A huge tornado that plowed through the central US state of Ohio injured several people and left millions more without power, officials said on Tuesday. The twister barrelled over the town of Dayton late Monday, damaging homes and uprooting trees. No deaths have been reported so far. The National Weather Service said the tornado cut […]
Wind turbines posing threat to birds: study
Although wind is a green source of renewable energy, a new study has revealed that wind turbines are posing a threat to lives of birds in their vicinity. Birds colliding with turbine blades are dying. Researchers were invited by two windfarm owners — one in Samakhiali in Kutch, Gujarat and the other in Harapanahalli, Davangere, […]
BHEL Q4 results: Net profit jumps 50 per cent at ₹682.7 crore
Bharat Heavy Electricals Limited has reported a net profit of ₹682.7 crore for the fourth quarter ended March 31, 2019. This represents a 49.33 per cent increase over the net profit of ₹457.17 crore recorded in same quarter of the previous financial year. Total income during the quarter under review rose by 0.65 per cent […]
BHEL shares climb over 5% after Q4 results
Shares of BHEL climbed over 5 per cent on Monday after the company posted 49.33 per cent jump in standalone net profit for March quarter 2018-19. The scrip jumped 5.36 per cent to close at Rs 72.70 on the BSE. During the day, it zoomed 6.15 per cent to Rs 73.25. At the NSE, shares […]
NHPC sees best session in 2-1/2 years on Q4 profit surge
Shares of NHPC Ltd rise as much as 10 per cent, marking their biggest intraday per cent gain since January 2017. The company engaged in electricity generation posts a five-fold jump in March-quarter consolidated profit. The firm’s total revenue surges 55.5 per cent. At 10.40 am, the stocks of NHPC were trading higher by 6.78 […]
NHPC net up 2.5 times at Rs. 492 cr on higher revenue
State-owned hydropower company, NHPC Limited has reported a net profit of Rs. 492.29 crore for the fourth quarter ended March 31, 2019. This represents a 146 per cent increase over the net profit of Rs. 199.8 crore recorded in the same quarter of the previous financial year. Total revenue during the quarter rose by 55.49 […]
NHPC net up 2.5 times in Q4
State-owned hydropower company, NHPC Limited has reported a net profit of ₹492.29 crore for the fourth quarter ended March 31, 2019. This represents a 146 per cent increase over the net profit of ₹199.8 crore recorded in the same quarter of the previous financial year. Total revenue during the quarter rose by 55.49 per cent […]
India needs to double its installed power-generation capacity: official
The goal of ensuring 24×7 electricity supply for all will require doubling the installed power generation capacity of the country. “Meeting the country’s demand for 24×7 reliable electricity supply will require doubling the installed power generation capacity with at least 50,000 megawatt (MW) to 60,000 MW of thermal power capacity,” a top power sector official […]
What’s on the agenda for the power sector
The next round of power distribution, coal supply and thermal power generation reforms should be high on the agenda in the second tenure of the Modi government. “We expect a larger impetus in electricity distribution reforms, spread of more last mile connections and adoption of smart metering which will further help utilities in achieving better […]
NTPC net up 49 per cent in Q4
NTPC Limited has reported a net profit of ₹4,350.32 crore for the fourth quarter ended March 31, 2019. This represents a 48.7 per cent increase over the net profit of ₹2,925.59 crore recorded in same quarter of the previous financial year. The higher profits are attributed to better sales, controlled costs and tax adjustments in […]