| Powering ahead | 23-NOV-09 |
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| Big ticket power investments should ensure that REC grows its loan book rapidly in the future. |
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| Nalco in talks with bank for Rs 10,000-cr Iran project | 23-NOV-09 |
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| State-owned National Aluminium Company Ltd (Nalco) is in talks with an Islamic bank in Indonesia for a loan to revive its Rs 10,000-crore Iran project, on hold due to the aluminium maker’s inability to secure finances for the venture. |
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| Govt will abide by court orders on mining: Rosaiah | 23-NOV-09 |
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| Andhra Pradesh chief minister K Rosaiah on Sunday said that the ruling Congress government would abide by the apex court’s verdict on the alleged irregularities by mining firm Obulapuram Mining Company (OMC) in the Bellary reserve forest of Anantapur district. |
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| China's moment in the sun | 22-NOV-09 |
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| No one should be surprised by US President Barrack Obama’s genuflections to Chinese power and prosperity. For almost a year now Mr Obama has come to terms with the limits to US power and the reality of China’s. So it is not surprising that Mr Obama allowed his visit to China to be circumscribed by Beijing’s sensitivities and interests. |
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| Govt not to import rice as of now, says Sharma | 21-NOV-09 |
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| India will not import rice as it has adequate stocks of the grain, Commerce and Industry Minister Anand Sharma said today after a meeting of the empowered group of ministers (EGoM) on food. |
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| Power demand traces economic recovery | 21-NOV-09 |
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| In a clear indication of an economic revival, the demand for power in India has jumped 6.3 per cent in the April-October period this financial year, compared with the same period of 2007-08 when it had increased by a mere 0.3 per cent, its lowest growth in the past five years, owing to the global financial meltdown. |
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| India Power combine wins bid for control of DPSC | 21-NOV-09 |
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| In an all-cash deal, a consortium of India Power Corporation Ltd (IPCL) and Srei Infrastructure Finance Ltd has won the bid for a controlling stake of 57.17 per cent in DPSC Ltd (formerly Dishergarh Power Supply Company), which was previously held by public sector units Andrew Yule, Life Insurance Corp and United India Insurance. |
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| GVK eyes controlling stake in B'lore airport | 21-NOV-09 |
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| GVK Power & Infrastructure, which recently took a 12 per cent stake in Bangalore International Airport Ltd (BIAL), has said it is open to taking a controlling stake in the airport. |
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| Numeric Power to set up 1 Mw solar plant | 21-NOV-09 |
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| Numeric Power Systems Ltd, a Chennai-based UPS company, is planning to set up a one mega watt solar project in Coimbatore, with an investment of Rs 25 crore. The company already has a 1.5 Mw windmill farm in the same location. |
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| Suzlon Energy's three promoters pledge 2.8 cr shares | 20-NOV-09 |
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| Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent. |
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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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| Karnataka to harness wind energy | 20-NOV-09 |
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| Energy-starved Karnataka is looking to harness renewable energy to meet the demand-supply gap in the state. The government, which is in the process of finalising a dedicated policy for renewable energy, has identified a potential to produce 12,000 Mw from wind energy alone. |
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