On May 4, 2018, Larsen & Toubro Ltd (L&T) informed the stock exchanges that its subsidiary company, L&T Infrastructure Development Projects Ltd (L&T-IDPL) has transferred its stake in its five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route. Accordingly, these companies cease to be subsidiary companies of L&T effective from May […]
Naresh Goyal, the promoter of Jet Airway, has siphoned away Rs 5,279 crore from Jet Airways and Jet Lite for personal gains at the cost of minority shareholders, through several related party transactions between Jet Airways / Jet Lite and his private companies Promoters incorporated in India as well as outside India. He has also […]
For the first time, the details of Kochhar Entry Companies’ are revealed. Also Kochhars created two companies of the same name – Credential Finance Limited – to dupe their creditors. They had access to huge unsecured loans with little and even negligible paid up capital. These Kochhar investigations are new evidences about Kochhar companies, other […]
After four years of enabling commercial mining and sale of coal in the new Coal Ordinance (Special Provisions), 2014, the cabinet on Feb 20, 2018 approved the methodology for auctioning coal mines to private companies. The government has allowed private players to commercially mine coal and sell it in the market without any restrictions on […]
On February 20, 2018, the Bombay High Court upheld Independent External Monitor (IEM)’s decision of cancelling a Rs 1,000 crore tender that was recommended by ONGC for award to Core Offshore Services Pvt Ltd.
Coal India production edged up to 54.46 mn tonnes in Feb 2018 compared to 54.3 MT in the same month last year but missed the target of 61.43 MT. It produced 56.69 MT coal in Jan 2018.
The per capita consumption of electricity of the North Eastern states during the last three years is shown in table-1. To improve the consumption of electricity in the North-Eastern region, the centre has been allocating power from Central Generating Stations to these states. The latest figures are shown in table-2.
In response to a question in the Parliament, on 08.03.2018 the power minister RK Singh provided a list of stalled hydro power projects. Most of the projects (1,384 MW) in the private sector are stalled due to financial constraints with the developers. Only one project in the state sector in Kerala is stalled because of […]
As per government’s statement in the Parliament, presently there are no constraints in the Inter-Regional transmission system for supplying / diverting power from surplus states to power deficit states under Long Term allocations. Medium Term Open Access and Short Term Open Access Transactions are allowed on the balance available margins on the inter-state transmission system. […]
There is only a marginal demand-supply gap of 0.7 per cent in terms of energy and 2.0 per cent in terms of peak demand shortage in the country during the current financial year (up to Jan 2018). However, the situation in two states – Jammu & Kashmir and Uttar Pradesh – is not good. In […]
Defying the intent of the Ujwal Discom Assurance Yojana (UDAY) aimed at improving the financial health of debt-laden electricity Dis. companies (discoms), the aggregate technical and commercial (AT&C) losses of these entities have shot up over the past year after a gradual drop achieved since FY15.
Centre’s Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) scheme has so far attracted 22 states. As on 28.02.2018, it has released Rs 466.86 crore to five states as adhoc advance under the scheme. The scheme aims to achieve universal household electrification by providing last mile connectivity and electricity connections to all households in rural […]
