{"id":374787,"date":"2020-09-23T11:06:08","date_gmt":"2020-09-23T05:36:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374787"},"modified":"2020-09-23T11:06:08","modified_gmt":"2020-09-23T05:36:08","slug":"ge-power-india-yet-to-take-final-call-on-coal-exit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ge-power-india-yet-to-take-final-call-on-coal-exit\/","title":{"rendered":"GE Power India yet to take final call on coal exit"},"content":{"rendered":"<p>General Electric Company (GE) has expressed the intention to exit the new build coal power market across the world, but GE Power India (GEPIL) \u2014 the American multinational firm\u2019s Indian subsidiary \u2014 is still assessing the holding company\u2019s decision and its impact on business activities in the country.  \u201cUnlike a number of other countries globally, India continues to rely on coal for base load power,\u201d GEPIL said in response to FE\u2019s queries.<\/p>\n<p>\u201cGEPIL will therefore continue to focus its efforts on maintaining its business in India aligned with the local market dynamics and the national interests of India,\u201d it said, indicating that the company\u2019s transaction with coal is not yet over, at least in India. GEPIL shares closed at `442.1 on Tuesday, 5.7% lower than Monday\u2019s peak when the announcement was made.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Electric Company (GE) has expressed the intention to exit the new build coal power market across the world, but GE Power India (GEPIL) \u2014 the American multinational firm\u2019s Indian subsidiary \u2014 is still assessing the holding company\u2019s decision and its impact on business activities in the country. \u201cUnlike a number of other countries globally, India continues to rely on coal for base load power,\u201d GEPIL said in response to FE\u2019s queries. \u201cGEPIL will therefore continue to focus its efforts on maintaining its business in India aligned with the local market dynamics and the national interests of India,\u201d it said, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-374787","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374787"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374787\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}