| PSUs to lose out on interest | 21-NOV-09 |
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| Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates. |
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| Power Finance Corp up 3% | 20-NOV-09 |
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| The stock gained 3.2 per cent to Rs 253.80 after the company announced that it entered a joint venture agreement with NTPC, Power Grid Corporation of India and Rural Electrification Corporation for formation of a public limited company. |
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| MP drops demand of land from BHEL | 19-NOV-09 |
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| The Madhya Pradesh government has dumped its demand of 2,200 acres of land from Navratna company Bharat Heavy Electricals Limited (BHEL) which it had allotted to the company years ago. The company also assured the state government that for its further expansion projects it would accord high priority to Bhopal so that new projects could take shape on the surplus land. |
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| Govt formally issues EGoM decision taken last month on KG-D6 allocation | 17-NOV-09 |
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| Ten power companies, including NTPC, Ratnagiri Gas and Power Pvt Ltd (RGPPL), Lanco and GMR Energy, will get KG-D6 gas in the second round of allocation decided last month, confirmed a government release issued on Monday. The decision has been reported already. Reliance Industries Ltd (RIL), operator of the D6 block in the Krishna-Godavari basin, will also be getting gas for consumption at its refineries and petrochemicals business, as well as for its captive power plants. |
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| TN seeks 75% power from upcoming projects | 17-NOV-09 |
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| The Tamil Nadu government has urged the Centre to allocate 75 per cent of the power produced by the upcoming power stations at Vallur, near Chennai, and Tuticorin to help address the power shortage in state. |
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| NTPC working on coal mines allotted by govt | 15-NOV-09 |
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| Power firm NTPC today said it is developing coal mines allotted to it for captive use and added that it takes 6-7 years to harness a mine even by international standards. |
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| NTPC to file DRHP with Sebi for FPO | 15-NOV-09 |
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| State-run NTPC today said it will file the draft prospectus for its follow-on public offer with market regulator Sebi in December, a senior company official said. |
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| NTPC to set up 2,640 Mw plant in Madhya Pradesh | 09-NOV-09 |
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| State-run power producer NTPC today said it has entered into an agreement with the Madhya Pradesh government and MP Power Trading Company for setting up a 2,640 MW thermal power plant in the Narsinghpur district of the state. |
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