Category: Power

Private equity fund Actis LLP plans to set up a new firm to house its operational renewable energy assets in India, attracted by the nation’s growing green economy.

New Delhi: State-run power plant equipment manufacturer Bharat Heavy Electricals Ltd posted a 25.3% rise in third-quarter profit on Tuesday but missed analysts’ estimates. Net profit came in at ₹192 crore ($26.78 million), compared with ₹153 crore a year ago, the company said.

New Delhi: India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators.

Mahindra Electric Mobility Ltd vehicles completed 100 million e-kilometres in mid-January. Mahesh Babu, CEO, Mahindra Electric, speaks about the present and future of electric cars in India. Edited excerpts from an interview:

New Delhi: Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital, a company official said, as one of the most polluted cities on earth plans an ambitious push toward cleaner vehicles.

NEW DELHI: Tata Steel Ltd suffered a setback on Monday when the National Company Law Appellate Tribunal (NCLAT) dismissed a petition by the steel giant that alleged that the committee of creditors (CoC) for Bhushan Power and Steel Ltd (BPSL) allowed rival JSW Steel Ltd to change the basic parameters of its bid despite Tata […]

NEW DELHI: Despite Piyush Goyal’s grandstanding on renewable energy during his Budget speech, actual allocations for the sector are lower in the year ahead.

MUMBAI: Chanda Kochhar said she is “disappointed, hurt and shocked” by ICICI Bank decision Wednesday evening to treat her resignation as a “termination for cause” after an independent probe indicted her.

NEW DELHI: The Bharatiya Janata Party (BJP) government in Uttar Pradesh has slashed its household electrification target from 12 million to 7.47 million, saying all households in the state have now been electrified under the Union government’s politically important Saubhagya scheme.

Shares of NTPC Ltd have lost 19% over the past year as tight fuel supplies impacted utilization levels at its power plants, weighing on earnings. The December quarter has been relatively better on the operations front. Compared to a fall in the past three quarters, both availability and utilization levels of the coal plants improved […]

NEW DELHI: The Railways plans to electrify over 6,000 km of its network in the coming financial year, Railway Minister Piyush Goyal said Wednesday.

MUMBAI: Sajjan Jindal-promoted JSW Energy reported a 3-fold jump in net profit in the December 2018 quarter at ₹147.08 crore, up from ₹50.55 crore in the same period of the previous fiscal.