Jyoti Structures goes to Sanghi

Mumbai: The Mumbai bench of the NCLT on Wednesday approved the amended resolution plan for Jyoti Structures by Sharad Sanghi of Netmagic that has proposed to pay Rs 3,965 crore in 12 years to the lenders and other creditors. Last week, the NCLAT had set aside an earlier order of the Mumbai bench to liquidate […]

Maharashtra says has no dues towards private power producers

New Delhi: Maharashtra State Electricity Distribution Co Ltd (MSEDCL) on Wednesday said it has no outstanding towards private power generators and dues reflecting on a government portal are “unilaterally” uploaded by private without validation from distribution companies. Responding to reports of 12 power generating companies belonging to firms such as GMR and Adani Group and […]

Bengaluru: New tariff upsets solar power sector

Bengaluru: While the clean energy companies are awaiting the court judgment over an order passed by the Karnataka Electricity Regulatory Agency (KERC), imposing transmission and wheeling charges on solar projects, they felt such measures will badly hit solar energy sector. They felt the retrospective change in the policy could lead to creating an adverse environment […]

Telangana power gets ISO certification

Hyderabad: The state’s energy department has been awarded the quality management system certification licence according to ISO 9001-2015 standards. The licence was awarded to the energy department for implementing measures of self-certification and creating a investor-friendly environment for electrical installations in the state. Chief Electrical Inspector A.G. Ramana Prasad had taken a string of measures […]