Mumbai: Credit to infrastructure sector from banks and non-bank financing companies remained muted at Rs 21.2 lakh crore in April-September period of the current fiscal, says a report. The infrastructure credit had witnessed a 19 per cent growth in FY19 to Rs 21.1 lakh crore.
Category: Power
Power
Bentley’s first electric car to debut in 2025
As luxury carmakers also move towards the environment-conscious segment, Bentley is not far either. The company has announced that its first all-electric vehicle could debut as soon as 2025. One of the major differentiators for Bentley will be an all-new model in the electric segment, instead of transforming an existing model to an electric version, […]
Tata Power to get licence for distribution, supply of power in 5 circles in Odisha
New Delhi: Tata Power on Monday said it has emerged as the successful bidder to own the licence for distribution and retail supply of electricity in Odisha’s five circles together constituting Central Electricity Supply Utility of Odisha (CESU). In a regulatory filing the company said the Odisha Electricity Regulatory Commission (OERC) has awarded the Letter […]
Fraud-hit CG Power appoints former CJI T S Thakur as head of investigation
New Delhi: Fraud-hit CG Power and Industrial Solutions Ltd on Friday said it has appointed former Chief Justice of India T S Thakur as head of investigation to monitor the ongoing forensic investigation. “The proposal of the Company to appoint Hon’ble Justice T S Thakur (Retd) as Head of Investigation to monitor the ongoing forensic […]
Andhra Pradesh-Telangana deadlock over power staff
Hyderabad: The stalemate continues over the division of employees of power utilities between Andhra Pradesh and Telangana state. Since the management of the AP power utilities did not accept the proposal made by the Telangana power utilities management, the Justice Dharmadhikari committee, which met here on Sunday with the managements of power utilities of both […]
Reliance Infra invokes RPower’s 10.19 cr pledged shares
New Delhi: Reliance Power on Tuesday said its 10.19 crore pledged shares having a total face value of Rs 101.9 crore have been invoked by Reliance Infrastructure on December 2, 2019. The total market value of these 10.19 crore shares at Rs 3.30 per share on the BSE works out to be Rs 33.62 crore. […]
Discoms may get loans to clear dues to RE firms
NEW DELHI: India has asked state lenders to provide over $1 billion to government power distribution companies to clear long-standing debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday. The companies owe solar and wind power generators including Goldman Sachs-backed ReNew Power and Softbank-backed SB […]
Greens’ appeal to PM Modi: Don’t allow Kaiga plant expansion
Karwar: Locals, who are against the expansion of the Kaiga nuclear power plant here, have decided to meet PM Modi with the senior pontiffs of the Pejawar and Swarnavalli Mutts and appeal to him to put a stop to the project. Despite opposition from the local people and environmentalists, the Union Ministry of Environment, Forest […]
Telangana gets first anti-power theft police station
Hyderabad: The state government has decided to set up an anti-power theft police station, the first ever, which will function from Siddipet. The finance department issued orders according sanction to set up the police station on Friday. According to the orders, the police station will be headed by an inspector of police (civil) as station […]
Telangana gets first anti-power theft police station
Hyderabad: The state government has decided to set up an anti-power theft police station, the first ever, which will function from Siddipet. The finance department issued orders according sanction to set up the police station on Friday. According to the orders, the police station will be headed by an inspector of police (civil) as station […]
Solar installations drop 35 per cent in first half
Kolkata: Solar installations in India dropped 35 per cent (year-on-year) in the first half (H1) of 2019. The significant drop notwithstanding, India remains the third largest solar market in the world behind China and the US. In H1 2019, India installed 3.2 GW of solar power across the country. Rooftop solar installations accounted for 17 […]
Provident fund investment issues to impact UPPCL financials: Ind-Ra
New Delhi: The likely loss to Uttar Pradesh State Power Sector Employees Trust due to investments in controversial Dewan Housing Finance Ltd (DHFL) will have an impact on UP Power Corporation Ltd’s (UPPCL’s) financial performance, according to India Ratings and Research (Ind-Ra). The trust manages retirement funds of people employed by UPPCL and its subsidiaries. […]