Page 27 - Power Sector

Sector majors line up for power ministry's 10 mn smart meter tender

The first phase of the tender is for procurement of 25 lakh meters which would be installed in states in the Central and Western region of the country

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Centre's plan on sale of RE power to states offers only a flickering hope

The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Rise in power demand leads to 17% hike in coal supply in July

The overall coal production also went up by 11.37 per cent to 60.42 MT in July as against 54.25 MT in the year-ago period

PowerGrid Q1 consolidated net profit declines 37% to Rs 3,801 crore

Q1 PAT dropped by 8.55 per cent from ₹4,156.44 crore in the preceding quarter

Financial deficit of power distribution sector at highest ever: PFC

Annual rating reveals absolute cash-adjusted losses increased by 10% in the sector between FY19 and FY21

AIPEF Chairman says claims of choice to power consumers 'misleading'

The claim of providing choice of multiple service providers to power consumers in the Electricity Amendment Bill 2022, is "misleading" and will make state-run discoms loss making entities

Govt planning contentious laws to cut power utility debt worth Rs 6 trn

Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set tariffs based on market costs, and defining payment procedures and deadlines

Centre revokes mandatory coal import target after many flip-flops

NTPC and Coal India had awarded import contracts to Adani

Clear your power dues, PM Modi reminds states; here is what they owe

States and UTs, in total, owe over Rs 1 trillion to gencos and about Rs 1.3 trillion to discoms, with Maharashtra owing the maximum

PM Modi urges states to clear power utilities' dues of Rs 2.5 trillion

PM Modi highlighted the financial problems being faced by the power utilities and asked the states to clear the dues as soon as possible

PM urges states to clear power firms' dues; launches 2 hydrogen plants

Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies' dues which are estimated at around Rs 2.5 lakh crore

Distressed discoms, high demand: What is ailing India's power sector?

Indian states and union territories (UTs) owe over Rs 1 trillion to the gencos and Rs 62,931 crore to the discoms

Tamil Nadu's power tariff hike not enough for beleaguered discom: Experts

Dues to power sector comprise more than 28% of state's debt; state blamed for 'regulatory indiscipline'

Godrej & Boyce to invest Rs 300 crore in Gujarat's Dahej to double revenues

Godrej & Boyce on Monday said it is investing an additional Rs 300 crore at its facility in Gujarat's Dahej to double revenues from the process equipment arm by FY25. Godrej Process Equipment (GPE) is investing to strengthen presence in the hydrogen and power sectors for delivery of specialised and large equipment for which Rs 300 crore investment is being made, according to an official statement. The expansion will increase the manufacturing area by approximately 25,000 square metres, it said, adding that at present it serves client needs in the oil and gas, chemicals and fertilizers, and power sectors. The facility, commissioned in 2016, houses units to manufacture and deliver over-dimensional consignments for global projects, it said. The expansion will involve a dedicated bay for nuclear equipment and another bay dedicated for heavy equipment manufacturing, the statement said, adding a 'clean room' will also be created for manufacturing equipment using exotic metals like ...

Bulk of India Inc's overseas debt is hedged: RBI governor Shaktikanta Das

Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates

CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value

With this, the Canadian pension fund's stake in the firm goes up to 50%

Power engineers body asks govt not to move electricity bill in 'haste'

A power sector engineers' body has asked the government to not introduce the electricity (amendment) bill in the upcoming session of Parliament "in haste" and hold discussions with all stakeholders

FPIs raise the ante by driving up allocation to oil & gas, auto stocks

FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps