As NTPC continues to add thermal generation capacities to its portfolio amid sustained under-recoveries due to coal shortage, it is also increasing the coal import target to meet the additional fuel demand. For its goal to add 4,880 MW thermal capacity by FY19-end, NTPC would have incremental coal requirement of 18-20 MT, the company management […]
Category: The Financial Express
The Financial Express
Airlines owe Rs 2,760 crore to Airport Authority of India for various services
Airlines have outstanding dues of around Rs 2,760 crore to the Airport Authority of India (AAI) on account of services like check-in counters, parking and landing charges.
Big alert! Avoid flying to or from Mumbai till March; Over 5,000 flights cancelled; fares shoot up
Flying to and from Mumbai’s Chhatrapati Shivaji International Airport to get difficult! If you are planning to fly anytime soon to or from the Mumbai Airport, it is advisable to check with the airport authorities first as the airport’s main and secondary runways are likely to remain closed on select days over the next few […]
Modi government’s big boost for Ayodhya-Kashi! Gadkari to lay foundation stones for important highway projects
The Narendra Modi government will make its final push to develop important religious circuits in Uttar Pradesh before the model code of conduct for Lok Sabha elections kicks in next month. Transport minister Nitin Gadkari will lay foundation stones for 5 national highway
Analyst Corner: Maintain ‘buy’ on CESC target price at Rs 840
CESC’s Q3FY19 PAT surpassed the consensus estimate 5 percent, bolstered by Rs 200-crore regulatory income booked during the quarter. On the generation front, while volume at 1,365 MU, it remained flattish YoY.
Coal India dispatches fall for second straight month in January
While power plants across the country are set to step up generation in view of the surge in electricity demand due to the upcoming general elections, dispatches of coal from the mines of Coal India (CIL) has fallen for the second straight month in January. The state-owned behemoth supplied 52.8 MT and 52.4 MT of […]
Tata Power arm seeks more time to get states’ nod for Mundra PPA revision
Coastal Gujarat Power (CGPL), the Tata Power arm that runs the 4,150-MW Mundra ultra mega power plant, has sought more time from the Central Electricity Regulatory Commission (CERC) to get state distribution utilities’ consent for tariff revision for its imported coal-based unit. The electricity
CCI approves PFC-REC deal; credit profile of PFC downgrade
While the Competition Commission of India on Tuesday approved the acquisition of 52.63% stake in REC by Power Finance Corporation (PFC), the credit profile of PFC faces imminent downgrade by ratings agencies such as Moody’s as it is likely to pay a premium for REC and is likely to borrow Rs 15,000 crore to fund […]
Kolkata-bound GoAir plane returns to Ahmedabad after suffering P&W engine problem
A GoAir aircraft flying to Kolkata Wednesday experienced problems with Pratt & Whitney engine and returned to Ahmedabad, according to a source.
Bhushan Power lenders likely to reject Sanjay Singal’s last-minute offer
Lenders to Bhushan Power and Steel (BPSL) are likely to reject the last-minute offer made by the debt-ridden firm’s erstwhile owner Sanjay Singal of repaying financial creditors in full. JSW Steel has already been chosen by the lenders as the most preferred bidders for BPSL. The lenders are scheduled to meet on February 8 to […]
Adani Power loss narrows 10% to Rs 1,181 crore in Q3
Adani Power reported a loss of Rs 1,180.8 crore on a consolidated basis for the quarter ended December 2018, reflecting a reduction of 10% year-on-year (y-o-y) as capacity utilisation (PLF) of its power plants went up by 15 percentage points to 73% on improved coal supply and rising spot power prices. Buoyed by substantial
Boeing’s smallest 737 Max faces new doubts as a key buyer wavers
WestJet Airlines Ltd. is outgrowing its crush on Boeing Co.’s Max 7 jet, adding to concerns about the future of the smallest member of the 737 Max family.