Category: Power

NEW DELHI: ABB India Wednesday said its board has given ‘in principle’ approval to segregate the power grids business from its other businesses. “The Board of Directors of the Company discussed segregation of the Company’s power grids business from the other businesses conducted by the Company at its meeting held today. Following such discussions, the […]

Mumbai: The committee of creditors of Bhushan Power and Steel Ltd have issued a letter of intent to India’s largest private steelmaker JSW Steel Ltd, thus approving the latter’s resolution plan for the distressed steel mill. JSW Steel will now pay Rs19,700 crore in upfront cash to Bhushan Power and Steel’s lenders and infuse ₹350 […]

MUMBAI: An interim plea filed by the Reliance Power Ltd, an Anil Ambani Reliance Group (ADAG) company, against the sale of pledged shares by Edelweiss Group was rejected by the Bombay High Court today. The ADAG is also claiming damage of Rs. 2,700 crore from the Edelweiss Group alleging maliciously dumping the shares of three […]

NEW DELHI: 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 […]

MUMBAI: Prime Minister Narendra Modi today said that there was a need to move towards responsible pricing of oil and gas to balance the interests of both the producer and the consumer. The prime minister was speaking at the 13th edition of Petrotech 2019, an international oil and gas event. Highlighting that the world was […]

NEW DELHI: 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 ₹1,600 crore.

NEW DELHI: State-owned power giant NTPC Monday said that it has signed a term loan agreement for ₹5,000 crore with State Bank of India.

MUMBAI: The solar industry is wary about the government rules regarding use of only locally made products in 12 gigawatts (GW) of forthcoming solar projects as these may run foul of World Trade Organization (WTO) rules. Various industry leaders said that they are studying the announcements before making any investment.

NEW DELHI: Investments worth over ₹2.50 lakh crore 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.

Mumbai: Anil Ambani-led Reliance Group or Anil Dhirubhai Ambani Group (ADAG) in a heavy worded statement on Friday said that the open market sale of its pledged shares by L&T Finance Services and Edelwiess Group was illegal and led to a fall of ₹13000 crore in market capitalisation of its group companies.

Ahmedabad: Adani Power Ltd today posted a loss of ₹1,180 crore for the third quarter ended December 31. The net loss in the corresponding quarter of the same period a year earlier stood at ₹1,311 crore.

AHMEDABAD: In a move that could benefit as many as 3,000 odd Agariyas or salt pan workers in Little Rann of Kutch in Gujarat, the state government has paved way for them to sell solar generated power directly to state power utility during off-season.