The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to set up 12,000 mw of solar projects in the next four years, by state firms using domestic equipment. It gives a fillip to local manufacturers facing an onslaught by cheaper Chinese imports in auctioned projects.
Category: Power
Power
Suzlon’s falling fortunes: M-cap tanks 97% in 10 years, promoter stake down to 19%
Once a darling of Dalal Street, shares of Suzlon EnergyNSE 3.90 % have by now eroded 97 per cent of investor wealth from their all-time high of Rs 448 scaled on January 9, 2008. On Tuesday, the stock witnessed a major selloff amid rumours
Reliance Infra, Reliance Power among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 135.68 points up at 37,110.91 on Thursday on account of buying in frontline bluechip counters.
BIAL inaugurates 3.35 MW rooftop solar power plant
Bengaluru: Bangalore International Airport Limited (BIAL) – operator of the Kempegowda International Airport — on Wednesday inaugurated its rooftop solar power project. This solar plant will generate 3.35 MW of power
Torrent Power Q3 profit rises 16% to Rs 238 crore
New Delhi: Torrent Power posted a 15.63 per cent jump in consolidated net profit to Rs 238.19 crore in the December 2018 quarter.
BHEL Q3 profit jumps 25%, but stock down 9%
NEW DELHI: State-run Bharat Heavy ElectricalsNSE -0.68 % (BHEL) reported a 25.30 per cent year-on-year (YoY) and 3.66 per cent quarter-on-quarter (QoQ) jump in standalone profit at Rs 191.95 for the quarter ended December 31
Suzlon Energy falls 43% on fears of loan default
Mumbai: Suzlon EnergyNSE 1.39 % tumbled as much as 43 per cent on the BSE on Tuesday on speculation the company has defaulted on its loans. The stock cut a portion of its losses, ending 23.6 per cent lower, after the renewable energy manufacturer, which has one of the highest retail shareholder base
Suzlon jumps 6% on management clarification
NEW DELHI: Shares of Suzlon EnergyNSE 1.39 % jumped nearly 6 per cent on Wednesday morning after the firm clarified yesterday that it has been regular in servicing its debt obligations including servicing obligations towards banks and
NTPC to curtail power supply to Telangana, Karnataka, Andhra from midnight for payment default
State-run power giant NTPC will regulate power supply to Telangana, Karnataka, Andhra Pradesh from Tuesday midnight for not clearing dues of more than Rs 4,100 crore.
SoftBankled energy leads enthusiastic bidding in wind power auction
SoftBankled SB Energy has made its first pitch for a wind tender in India, bidding for half the 1,200 MW offered in a central government auction that has attracted many bids despite the industry’s worries about land availability and transmission
CERC pushes for 100% power sale in spot market
NEW DELHI: India proposes to move to the global practice of selling entire power generation through spot market to lower tariffs, promote efficient plants and withstand periodical aberrations that benefit a few plants. It is also expected to ensure that power plants
Supreme Court stays pollution penalties on NTPC
NEW DELHI: The Supreme Court has stayed the National Green Tribunal’s hefty fines on power producer NTPCNSE -0.71 % for not fully utilising ash generated from its thermal projects and asked the tribunal to hear the company’s