GMR Infrastructure on Friday reported a turnaround in the current year with a profit after tax of Rs 9 crore in FY17 from a loss of Rs 2,664 crore in FY16. The return to black was spurred by good performance in its airport segment. The company’s gross debt has come down to Rs 19,856 crore […]
Day: June 2, 2017
Kudankulam’s 2 new units to cost Rs 50k cr; Russia to fund half of it
The fifth and the sixth unit of India’s largest nuclear power plant in Tamil Nadu will cost about Rs 50,000 crore to build with half of it being funded by Russia as loan. The project will take seven years to start generating electricity, Nuclear Power Corporation of India (NPCIL) Chairman and Managing Director S K […]
Air India privatisation: Centre gets 4 options from Arvind Panagariya led NitiAayog
NitiAayog Chairman Arvind Panagariya while addressing the media today said that his organisation has given the Centre four options open before it regarding the debt-ridden Public Sector Undertaking (PSU) airline Air India. The four options in front of the government are 1) whether to privatise the airline or not, 2) if the airline is to […]
RattanIndia Power posts Rs 215.25 cr loss in Jan-March quarter
RattanIndia Power reported a standalone net loss of Rs 215.25 crore in the January-March quarter of 2016-17 fiscal due to lower income in the period. The company reported a net profit of Rs 223.13 crore in the same quarter of the previous fiscal, Rattan India Power said in a BSE filing today. According to the […]