After the pilot scheme to procure electricity from 2,500 MW capacity without power purchase agreements (PPAs) evoked a lukewarm response from the industry, the Union power ministry has floated the second round of a similar tender where it has sweetened a few bid conditions to attract more independent power plants.
Category: The Financial Express
The Financial Express
Jet Airways share price surges over 15% on report that Etihad deal final, Naresh Goyal to step down
Jet Airways share price: Shares of debt-laden carrier Jet Airways surged in trade on Friday soon after the media reports said that the airline has accepted Etihad’s bailout plan. Jet Airways share price surged by more than 15% to hit the day’s high at Rs 281.50 per share, data available with the BSE showed.
Power Grid Corp Q3 profit rises 14.2% to Rs 2,368 crore
Power Grid Corporation of India (PGCIL), the central transmission utility of the country, recorded a 14.2% year-on-year (y-o-y) rise in net profit to Rs2,367.8 crore for the quarter ended December 31 as revenue from power transmission — its main business segment — grew nearly 13% y-o-y to Rs8,271.9 crore.
Air Italy to withdraw direct flights from Delhi and Mumbai
Air Italy on Thursday said it is withdrawing direct flights from Delhi and Mumbai due to domestic network consolidation and route prioritisation.
Hyderabad’s Rajiv Gandhi International Airport to double cargo-handling capacity
GMR Hyderabad International Airport Ltd (GHIAL), which operates the Rajiv Gandhi International Airport here, is in the process of doubling the cargo-handling capacity in the next couple of years, a top official said Tuesday.
Oil extends gains into third session amid tighter US supply
U.S. oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States.
Third project under maiden wind auction begins power supply
Uttar Pradesh, Bihar, Jharkhand and Assam have started receiving wind-based electricity from Mytrah Energy’s 128.7 MW project in Tamil Nadu, power trader PTC India said on Wednesday.
Piyush Goyal awarded Carnot Prize for “pathbreaking transformations in India’s energy sector”
Union Finance and Railways Minister Piyush Goyal has been awarded the 4th Carnot prize by Kleinman Center for Energy Policy at the University of Pennsylvania for his work in sustainable energy solutions and was felicitated today by a team from University of Pennsylvania who came to India.
Family silver: PSU buyback spree to begin with Coal India; govt looks to raise Rs 12,000 crore this fiscal
With a big shortfall in indirect tax revenue — the collections in April-November were hardly 2% higher than the year-ago period versus FY19 growth estimate of 22% — the Centre has asked a clutch of central PSUs to speed up their planned share buybacks, a mechanism via which it wants to net upwards of Rs […]
Lease Expiry: Jet Airways to return three more aircraft to lessors
Cash-strapped Jet Airways on Wednesday said it will be returning three aircraft to lessors due to expiry of lease, in addition to the five planes grounded for termination of engine lease and engine normalisation exercise.
Essel Group to sell solar business to Actis
Essel Infraprojects is in the final stages of discussions to sell its solar energy portfolio to private equity investor Actis, according to sources. The sale of the portfolio, totaling 685 mw of installed and under-construction projects, could fetch the company about Rs 4,500-5,000 crore, sources told FE.
IOC stung by falling crude prices, net falls 91 per cent to Rs 717 crore
Owing to an inventory loss of Rs6,655 crore due to falling oil prices, state-owned Indian Oil’s (IOC) net profit fell a steep 91% in the December 2018 quarter to Rs717 crore compared with Rs7,883 crore a year ago.