Category: Power

Lenders including private banks and mutual funds have asked Anil Ambani-controlled Reliance Group’s promoter entities to put more collateral on the table to secure their Rs 6,000-crore exposure. The margin calls first started in October last year when the Reliance Power stock began showing signs of weakness, according to a lender. The Anil Ambani group […]

Shares of CG Power and Industrial Solutions have declined 15 per cent to Rs 28.60 apiece, also their 52-week low on the BSE, after the company reported a consolidated net loss of Rs 150 crore in December 2018 quarter (Q3FY19). The performance impacted mainly on account of an exceptional loss of Rs 117 crore. The […]

Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and market disruptive activities” to cause a steep plunge in the company’s share price. Reliance Group, last week, accused L&T Finance and Edelweiss Group entities of “illegal” and “motivated” actions in invoking the pledged shares of […]

State-owned power giant NTPC will regulate power supply to Jammu and Kashmir (J&K) from February 18 midnight for not clearing outstanding dues of more than Rs 1,600 crore. On February 5, the company had also issued similar notices to discoms in Telangana, Karnataka and Andhra Pradesh to regulate power, as the states had as much […]

Jaiprakash Power Ventures Ltd’s (JPVL) loss narrowed to Rs 95.89 crore in the December 2018 quarter as compared to the year-ago period, mainly due to better revenues and lower expenses.

Anil Ambani-promoted Reliance Group alleged on Friday that misconduct by certain non-banking financial companies (NBFCs), particularly L&T Finance and Edelweiss, had led to the recent slump in shares of some of its companies, and termed their action “illegal, motivated, and wholly unjustified”.

A day after accusing L&T and Edelweiss entities of causing huge market value erosion by “illegal and motivated” sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended “all appropriate legal steps” to protect shareholders’ value.

Reliance Power has asked the Securities and Exchange Board of India (Sebi) to prohibit the Mumbai-based Edelweiss financial services group from trading in the securities market.

Investments worth over Rs 2.50 trillion in thermal power projects (based on domestic coal, imported coal and gas) are facing stress, and immediate remedial measures are needed to ensure that they are revived in a time-bound manner, as per a report.

Power producers are in a bind over swelling dues owed by the electricity distribution companies (discoms). By the end of October 2018, the accumulated dues had climbed to Rs 38,904.47 crore, leaving the power generators in distress.

Adani Transmission Ltd (ATL) announced closure in its acquisition of 100 per cent stake of KEC International Limited in the latter’s transmission asset. In November 2018, both ATL and KEC International had signed a share purchase agreement for the acquisition of the latter’s stake in KEC Bikaner Sikar Transmission Private Limited.

The government on Wednesday gave its nod to a proposal for setting up 12,000 MW grid-connected solar photovoltaic (PV) power projects with an estimated viability gap funding of Rs 8,580 crore.