Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
Reliance Power’s two subsidiaries settle Rs 1,023-crore debt Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment’s arm Reliance Commercial Finance. Reliance Power Ltd’s two subsidiaries — Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum […]
India’s coal import rises marginally to 212 MT in April-January period The country registered a marginal rise of 1.65 per cent in coal imports to 212.24 million Tonnes (MT) in the April-January period of the ongoing fiscal, over the year-ago period. India’s coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by mjunction services ltd. mjunction services ltd […]
GAIL to commission its first green hydrogen project in April, sources say State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]
Kenya Airways reports first operating profit in seven years Kenya’s troubled flag carrier Kenya Airways said Tuesday it had recorded an operating profit in 2023, its first in seven years. The figure of 10.5 billion Kenyan shillings (about $80 million) for the year ended December 31 represents a sharp turnaround from an operating loss of 5.6 billion shillings in 2022, with chairman Michael Joseph […]
BRO connects strategic Nimmu-Padam-Darcha road in Ladakh Border Roads Organisation (BRO) connected the strategic Nimmu-Padam-Darcha road in Ladakh on March 25. This 298-km road will connect Manali to Leh through Darcha and Nimmu on Kargil–Leh highway. The road is now the third axis apart from Manali-Leh and Srinagar-Leh which connects Ladakh to the hinterland, the Ministry of Defence said in a press […]
DMRC seeks 302 crore as Covid loss compensation from UP DMRC has written to UP govt, asking for Rs 302 crore as compensation for revenue losses on the Red Line during the two pandemic years (2020-2022). Govt has asked GDA to look into the demand. In response, GDA chairperson Atul Vats commented that the compensation demand is “illogical” and since DMRC doesn’t share profits, there […]
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Electricity for All Magazine News January 3, 2019May 5, 2020 admin On Apr 28, 2018, Leisang, located in Manipur, became the last village in India to be added to the national electricity grid. With this India achieved a key milestone in its development history. Sharing Facebook Twitter LinkedIn Email Print