Category: Power

Assam Power Distribution Company Limited (APDCL) has chalked out a plan to utilise the unused roofs of state government buildings to generate solar power. According to an official source, the scheme proposes to set up solar power plants with a capacity to generate minimum 15 mega watt (MW) power on the rooftop of buildings owned […]

The government plans to sell its stake in Rural Electrification Corporation to Power Finance Corporation at a premium, which could fetch about Rs 15,000 crore to the exchequer. PFC would acquire the 52.63 per cent government stake in REC in a merger deal which is likely to fetch the exchequer around Rs 15,000 crore and […]

In a major relief to Anil Ambani, his Reliance Group is understood to have reached an in-principle standstill understanding with more than 90 per cent of its lenders at the promoter group level. Under the pact, these 90 per cent lenders, largely comprising mutual funds, will not enforce security and sell any of the promoters’ […]

Industry leaders came out strongly against a proposal to hike power tariffs on Tuesday, their argument predictably based on irregular supply and erratic billing by Jharkhand Bijli Vitran Nigam (JBVNL) that has approached regulators for an increase in charges from the next fiscal across all categories of consumption except agriculture. “Dar nirdharan se pahle hamara […]

The National Company Law Appellate Tribunal has upheld JSW Steel’s Rs 19,300-crore bid for bankrupt Bhushan Power and Steel Ltd (BPSL), trumping offers made by Tata Steel and Liberty House of the UK.

The heavy penalties slapped by ICICI Bank on Chanda Kochhar, including the claw-back of more than Rs 300 crore as bonus and stock options, have led to questions over whether the lender’s former MD & CEO will take a legal remedy.

An independent enquiry initiated by ICICI Bank has indicted its former CEO Chanda Kochhar of violation of bank’s code of conduct.

The possibility of the Central Bureau of Investigation (CBI) probing the roles of some of the leading bankers in the ICICI Bank-Videocon loan case has led to questions on whether the RBI will again step into the matter.