The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as managing director and CEO of the ICICI Bank, noting the dispute arises from a contract of personal service. A division bench of Justices N M Jamdar and M S Karnik accepted the bank’s contention that Kochhar’s petition was […]
Category: Power
Power
Power Ministry flags concerns over divesting govt stake below 51% in NTPC, PowerGrid
The Power Ministry has raised concerns over the proposed strategic divestment of government equity in NTPC, PFC and PowerGrid, which may bring down its stake to below 51 per cent. However, a final call on the proposed government stake sale is yet be taken as the ministry has conveyed its reservations to the Finance Ministry. […]
Cable operator electrocuted to death in RR Nagar
A 28-year-old cable operator touched a live electric wire while digging the ground to lay an electricity cable and died instantly on Wednesday. The incident, the second in four days, happened in Javaregowda Nagar near Ideal Homes in RR Nagar. A senior police official said the victim Nagesh S, a resident of Laggere, and his […]
Core sector grows by 2.2% in January as power generation picks up
Eight core industries recorded a 2.2 per cent growth in January helped by expansion in the production of coal, refinery products and electricity, official data released on Friday showed. The infrastructure sectors had expanded by 1.5 per cent in January 2019. The production of coal, refinery products and electricity grew by 8 per cent, 1.9 […]
Action against Bengaluru contractors over poor lighting
With no tender being called for repairs and installation of new streetlights by the BBMP, stretches of roads have been engulfed in darkness, according to G K Venkatesh, chairperson, standing committee on ward-level public works. He conducted inspections at Yeshwantpur, Peenya, Dasarahalli and surrounding areas on Thursday. Noting that on most roads around Peenya, there […]
Coronavirus impact: LED bulb prices may rise up to 10 pc from March
Prices of LED bulbs and lights may see a rise of up to 10 per cent from March as the manufacturers face supply shortage of electronic components due to the coronavirus outbreak in China, industry body ELCOMA said. Like mobile and electronics industry, the domestic lighting industry is also affected due to the coronavirus epidemic […]
YTPS delay caused Rs 2,500-crore power burden: CAG
Electricity companies in Karnataka spent an “avoidable” Rs 2,517 crore to purchase power from the private sector because of the government’s delay in completing the Yeramarus Thermal Power Station (YTPS), according to the latest Comptroller & Auditor General (CAG) report. The 1,600-MW capacity YTPS was an ambitious project that was conceived to bridge the gap […]
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete the resolution process of 105 IL&FS group companies. The Ministry of Corporate Affairs (MCA) has also requested the appellate tribunal to release 55 other entities from the moratorium, so that they can discharge their debt obligations. Certain protection and […]
SWR budget shows greater push for electrification
A greater thrust for electrification and modest support for ongoing projects were seen as the silver lines of the allocation to the South Western Railway from the Union government, which also sanctioned a new line between Belagavi and Dharwad (73 km) and two doubling works. A sum of Rs 501 crore has been pumped into […]
Central Pollution Control Board threatens to shut 14 coal-fired power plants
India’s federal pollution regulator has warned 14 coal-fired power plants that they could be shut down and penalized for failing to comply with environmental standards, according to documents reviewed by Reuters. The power plants, nine of which are around India’s polluted capital, New Delhi and five of which are in south Indian states, account for […]
Tata Power to set up 50 charging stations for electric vehicles in NCR
Tata Power has joined hands with EV cab operator Prakriti E-Mobility to set up 50 art charging stations for electric vehicles in a phased manner. Last month, three Tata Group companies had unveiled a mega plan for the electric mobility space along with group company Tata Motors. The two companies will jointly set up 30 […]
India electricity supply rises after 5 straight months of decline
India’s electricity supply rose 3.25% during the month of January after five straight months of decline, provisional government data showed, in a relief for power producers. Power supply rose to 106.36 billion units in January, up from 103.01 billion units last year, an analysis of daily load despatch data from state-run Power System Operation Corp […]