Shares of Tata Power climbed as much as 6.82 per cent to Rs 42.25 apiece on the BSE on Tuesday, a day after the company informed that it has completed the acquisition of 51 per cent stake in TP Central Odisha Distribution Ltd (TPCODL) for Rs 178.5 crore. Meanwhile, Grid Corporation of Odisha (GRIDCO) will […]
Day: June 2, 2020
Discoms can now buy power on exchanges just an hour before delivery
Energy trading platform Indian Energy Exchange on Monday launched the real-time electricity market (RTM) on its platform, a move that will help utilities buy and sell power just an hour before the requirement. The RTM enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery. The […]
Power Tariff relief for Chhattisgarh health set-ups combating Covid-19
Institutions providing health services in combating coronavirus in Chhattisgarh have been given relief in power tariff. The Chhattisgarh State Electricity Regulatory Commission (CSERC) has determined the tariff for different categories of consumers for the Financial Year 2020-21. Tariff applicable for hospitals, nursing homes and diagnostic centres has been rationalized, and is available at a rebate […]
Adani Power shares surge 10% as Gautam Adani plans to delist Co
Shares of Adani Power rose 10 per cent to Rs 40 on the BSE on Monday after the Gautam Adani- promoted electric utilities company said its board will meet to consider delisting the company from the stock exchanges. “The meeting of board of directors of Adani Power to be held on Wednesday, June 03, 2020 […]
1,600-MW Jharkhand project delayed amid Covid-19 lockdown: Adani Power
Adani Power on Monday said its 1,600-megawatt (MW) thermal power project in Jharkhand has been delayed due to the coronavirus-induced lockdown. The project would supply 1,496 MW to Bangladesh Power Development Board after it is operational. “The COVID-19 has impacted and delayed the schedule of implementation and commissioning of 1,600-MW ultra supercritical coal-based thermal power […]
Power Exchanges start real-time electricity market with 48 auctions a day
The country’s two power exchanges — Indian Energy Exchange (IEX) and Power Exchange India (PXIL) — commenced real-time electricity market (RTM) on their platforms. RTM will help consumers purchase electricity just an hour in advance. The RTM will have 48 auction sessions in a day, during which power generators with surplus capacity may sell anytime […]
Aug 31 the new deadline for IndiGo, GoAir to replace unmodified PW engines
India’s aviation regulator on Monday extended the deadline for IndiGo and GoAir to replace 60 Pratt and Whitney (PW) engines on their A320neo planes from May 31 to August 31, as supply chain has been impacted due to the novel coronavirus-induced lockdown. The PW engine-powered A320 neo planes in IndiGo and GoAir fleets have been […]
IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 woes
With suspension of international air travel for two weeks, and domestic air travel for about 10 days due to the lockdown in the March quarter of FY20 (Q4FY20) on account of Covid-19 pandemic, analysts expect InterGlobe Aviation-run IndiGo to report net loss up to Rs 2,600 crore, compared to net profit of Rs 589.6 crore […]
Keep middle seats vacant to the extent possible: DGCA tells airlines
The Directorate General of Civil Aviation (DGCA) on Monday asked airlines to allot seats in flights in such a manner that middle seats are kept vacant to the extent possible. However, if a flyer has been allotted the middle seat due to a high passenger load “then additional protective equipment like the wrap-around gown of […]
NHAI extension in concession time for BOT toll projects is pointless: Icra
The extension in concession period, by the National Highways Authority of India (NHAI) with the idea of compensating companies for loss in toll collection during the first phase of the nationwide lockdown fails to do the needful for some highway projects, ratings agency Icra said. Extension in concession period by NHAI does not compensate for […]