Category: Power

New Delhi: Telecom Secretary Aruna Sundararajan on Wednesday proposed setting up a joint task force with the Ministry of New and Renewable Energy (MNRE) to promote green technology in the sector. “It is critical that we should set up a joint task force between the two ministries (telecom and MNRE) to ensure that we work […]

InfrastructureNSE -2.84 % giant Larsen & Toubro (L&T) Thursday said its construction arm has bagged large contracts from multiple clients for power transmission and distribution business in the domestic and overseas markets. “The power transmission and distribution business of L&T Construction has bagged several engineering, procurement and construction orders across its various business lines,” L&T […]

It will be a win-win for both discoms as well as generators, said Ajay Kumar Bhalla, Power Secretary, in an interview with ETNOW. Edited excerpts: What is your broad-based assessment of the final tariff structure for power companies? Would you say a win-win situation has been maintained?

Tata Power Tuesday said it has signed a pact with Indraprastha GasNSE 1.67 % Limited (IGL) for setting up rooftop solar projects in the country. While Tata Power is India’s largest integrated power utility, IGL is country’s largest CNG distribution company. “The pact signed between Tata Power and IGL is for green energy solutions including […]

Welcoming the Supreme Court ruling quashing the RBI circular on resolution of stressed assets, the Association of Power Producers Tuesday said it will give some breather and flexibility to restructure their debt. The apex court quashed the RBI circular of February 12, 2018, that made it mandatory for banks to recognize even a one-day defaults […]

NEW DELHI: India and the Arab World are working towards ensuring long term energy security as well as food security for each other. This was underlined when Minister of Commerce and Industry and Civil Aviation Suresh Prabhu recently met Delhi-based Ambassadors of the Arab countries. In a statement issued by Kuwait News Agency, the country’s […]

NEW DELHI: The S&P BSE Power index was up with most of its components trading higher in Monday’s afternoon session. Shares of Suzlon Energy (up 3.25 per cent), Bharat Heavy Electricals (up 2.67 per cent), Torrent PowerNSE 0.45 % (up 2.06 per cent) and Tata Power Company (up 2.03 per cent) were the top gainers […]

Shapoorji Pallonji Infrastructure Capital Sunday said it has completed sale of 194 MW of operating solar portfolio to Sprng Energy, renewable energy arm of investment firm Actis. The transaction closed last week with all customary approvals in place, the company said in a statement. “A year ago, we decided to divest a part of our […]

As many as 34 power companies have accumulated Rs 1.4 lakh crore of NPA for Indian banks while 41 corporates across sectors, including those from infrastructure, textile, telecom, sugar, steel, energy, power and fertilisers have Rs 84,000 crore piled up NPAs which have taken the bad loan total to astronomical Rs 2.24 lakh crore, petitioners […]

WelspunNSE 0.25 % Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies — Laptev Finance and Welspun Captive Power Generation. The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. “The Board […]

NEW DELHI: Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compered to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data. In March, sales of RECs or green certificates declined by over 51 per cent to 11.78 […]

NEW DELHI: The S&P BSE Capital Goods index was trading higher in Friday’s afternoon session. Shares of Bharat Heavy Electricals (up 3.99 per cent), Siemens (up 2.66 per cent), BEML (up 2.30 per cent) and Havells India (up 2.13 per cent) were the top performers in the index. Sadbhav Engineering (up 1.76 per cent), Graphite […]