Category: Power

Showing signs of economic slowdown, industrial output contracted for the third consecutive month in October to 3.8 per cent as production in manufacturing, mining and electricity fell. According to the National Statistical Office (NSO) data, the factory output declined 4.3 per cent in September and 1.4 per cent in August this year, while it grew […]

Nearly 16 months after it acquired the business from Anil Ambani, the Adani group on Wednesday has cashed in on part of its holding in Adani Electricity Mumbai Ltd (AEML). Qatar Investment Authority (QIA) will be acquiring a 25.1 per cent stake in AEML, which distributes power in Mumbai. The transaction also includes a “subordinate […]

A division bench of the Bombay high court on Monday directed the Reserve Bank of India (RBI) to respond to a plea made by Chanda Kochhar, former managing director and CEO of ICICI Bank, with regard to her termination from the bank. In October 2018, Kochhar, who was facing allegations of conflict of interest, had […]

The profits of state-owned thermal power producer NTPC is expected to go up by Rs 300-400 crore after the acquisition of hydropower majors Neepco and THDCIL, analysts said. NTPC is expected to acquire the two companies for Rs 10,000 crore after necessary adjustments such as debt and other charges, sources said. The cabinet committee on […]

Bijli ayee? (Has electricity come) Prime Minister Narendra Modi would ask during campaigning for the 2015 Bihar Assembly elections in a bid to nail his party’s then rival Nitish Kumar’s failures. Four years later, the question can be asked of Raghubar Das. In 2016, chief minister Das promised zero power cuts in Jharkhand by December […]

A metal rod that was drilling an underground tunnel for power cables in Madhyamgram veered off its course, barrelled up and pierced through a first-floor room of a double-storey building around 2.30am on Wednesday. A quake-like tremor jolted the residents of the house in the Rani Park area of Madhyamgram, on the northern fringes, out […]

India’s power demand fell 13.2 per cent in October from a year ago, posting its steepest monthly decline in over 12 years, government data showed, reflecting a deepening growth slowdown in Asia’s third-largest economy. The South Asian country needs electricity to fuel its expanding economy but a third decline in power consumption in as many […]

Mumbai-based start-up Magenta Power is setting up charging stations for electric vehicles across the Mumbai-Pune expressway and plans to set up a similar chain across the Pune-Bangalore and Bangalore-Mysore highways by March. Magenta Power works on providing clean energy solutions and has three business verticals – clean energy generation through roof-top solar solutions, developing EV […]

Jharkhand Bijli Vitran Nigam Ltd (JBVNL) consumers living in Jamshedpur and adjoining areas can hope for better power supply as the JBVNL’s Singhbhum electricity supply area board has replaced the existing outsourced agency, Quess Corporation Ltd, with a new one. The new agency, Geetraj Engineering Enterprises Pvt Ltd (GEEPL), which is working for the JBVNL […]

An electric grid substation at Kandra, which is expected to ease the power crisis in Dhanbad, is likely to be made functional within a couple of days. A team from Jharkhand Bijli Vitran Nigam Limited (JBVNL) on Thursday tested the substation by charging it in the presence of the officials of Jharkhand Urja Sancharan Limited. […]

Street lights that brighten by up to 40 per cent when it detects an approaching vehicle will be installed in all three action areas of the township. These lights turn on automatically when it gets dark and can turn off when there is ample daylight, said an official of Hidco, which is responsible for the […]

Adityapur Small Industries Association (ASIA) president Inder Agrawal on Thursday accused the state-run discom Jharkhand Bijli Vitran Nigam Limited (JBVNL) of reluctance in giving the mandatory no-objection certificate (NoC) to owners of industrial units who want to switch over to Jusco, the wholly owned subsidiary of Tata Steel, as their power supplier. ASIA president Agrawal […]