State-owned NTPC today said it has signed a term loan agreement for Rs 3,000 crore with ICICI Bank for partially funding its capital expenditure. “A term loan agreement for Rs 3,000 crore was signed with ICICI Bank Ltd on August 29,” NTPC said in a statement. The loan which has a door-to-door tenure of 15 […]
Day: August 30, 2017
Inox Wind bags 100 MW project from Adani Green Energy
Wind turbine maker Inox Wind today said it had bagged an order from Adani Green Energy to develop a 100 MW wind power project in Gujarat. “The company has closed a deal for developing a 100 MW wind power project for Adani Green Energy, a part of the Adani group at Kutch in Gujarat,” Inox […]
Second auction of wind power projects: Tariff tumbles to Rs 3.42 a unit
Six months after the first auction of projects, the second one has seen wind power tariff falling to a record low of Rs 3.42 per unit. The three companies that have qualified in the bidding, held by Tamil Nadu for 500 Mw of wind power projects, would now set up 900 Mw of wind power […]
No relief: Government rules out excise duty cut on petrol and diesel
Oil Minister Dharmendra Pradhan has ruled out a reduction in excise duty to bring relief to petrol and diesel consumers after prices sharply rose in the past two months. Petrol and diesel prices have risen Rs 6.03/litre and Rs 3.68/litre respectively since July 1 in Delhi. Petrol is priced at Rs 69.12/litre and diesel Rs […]
MRPL delays full start-up of coker due to tech snag: sources
Mangalore Refinery and Petrochemicals Ltd has delayed full-scale start-up of a 3 million-tonne-a-year coker due to technical snag, two company sources said. MRPL had shut the coker, a 60,000-barrels-per-day crude unit, a diesel hydro treater and a hydrocracker in phases at its 300,000-bpd refinery in Southern India from the second week of August, its spokesman […]
Bharat Road IPO price band at Rs 195-205; eyes Rs 600 cr
Bharat Road Network, a Srei Infrastructure Finance initiative, today fixed a price band of Rs 195-205 per equity share for its initial public offer through which it aims to raise Rs 600 crore. The IPO will open for public subscription from September 6-8. The company said in a statement that it “will be launching its […]
Jaitley hints at expeditious decision on AI stake sale
Finance Minister Arun Jaitley today indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier. A group of ministers, headed by Jaitley, is working on the modalities of the strategic disinvestment of debt-laden Air India, which has […]