Category: Power

The Andhra Pradesh Power Finance Corporation (APPFC) is issuing bonds of Rs 2,000 crore to pay the outstanding dues to power generators after NTPC threatened the electricity distribution companies (discoms) of the state to curtail power supply if the bills were not cleared soon. The bond

While the safeguard duty imposed in July last year on solar module imports from China and Malaysia and

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.

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

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 […]

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 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

While only half of this fiscal’s estimated disinvestment revenue of Rs 80,000 crore has so far been garnered, a robust pipeline of transactions, including a large PSU-to-PSU deal and about half a dozen buybacks by PSUs, will ensure that the target be met without too much reliance on private/retail investors in the remainder of the […]

Wind turbine manufacturer Suzlon Energy’s shares touched a record low of Rs 2.70 a piece on Tuesday on the BSE on rumors that the company may default on its FCCB payments due in July. Shares closed the day 24% down from the previous close at Rs 3.63. The rumours were denied by the company as […]

With outstanding dues spiralling to nearly Rs 6,000 crore, state-owned power generation company NTPC has threatened to cut supplies to the electricity distribution companies of Andhra Pradesh, Karnataka and Telangana from Wednesday if the bills are not cleared soon.

An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd’s offer to buy the indebted steel maker.

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.