Company Overview and News

 
EXCLUSIVE | UMPPs are not history, to get assured coal linkage: Power Secy

2018-04-04 moneycontrol
The government is working on amending the ultra mega power project (UMPP) policy to ensure that project developers get assured coal-linkage from Coal India, according to power secretary Ajay Kumar Bhalla.
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EESL to invest Rs 2,400 cr to buy 20,000 EVs by March 2019

2018-04-02 moneycontrol
State-run Energy Efficiency Services (EESL) plans to invest around Rs 2,400 crore to procure 20,000 electric vehicles for government use by March next year, a senior company official said.
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Power plants are not suffering because of bad operations: Expert

2018-03-27 moneycontrol
The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC). This SPV will operate stressed assets in the thermal power space.
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Central government to create SPV to operate stressed assets in thermal power space

2018-03-27 moneycontrol
The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).
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Companies financing the power sector are running out of juice

2018-03-15 livemint
Power sector financing companies’ valuations may be cheap but investors still don’t see value in them. Shares of Power Finance Corp. Ltd (PFC), Rural Electrification Corp. Ltd (REC) and PTC India Financial Services Ltd hit new lows this week after the power minister asked the first two companies to restrain lending to loss-making distribution companies (discoms). The minister’s aim may be to jolt the discoms to mend their errant ways.
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BSNL, Air India, MTNL worst performing PSUs in FY 17

2018-03-13 moneycontrol
Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses, according to a government survey tabled in Parliament today.
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BSNL, Air India, MTNL worst performing PSUs in FY 17

2018-03-13 livemint
New Delhi: Indian Oil, Oil and Natural Gas Corporation (ONGC) and Coal India have emerged as the most profitable public sector units (PSUs) for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses, according to a government survey tabled in parliament on Monday.
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NCLAT approves Ratnagiri Gas demerger scheme

2018-03-11 moneycontrol
Demerger scheme for Ratnagiri Gas and Power and Konkan LNG has been approved by the National Company Law Appellate Tribunal (NCLAT).
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No loans to DISCOMs making heavy losses: Power Minister

2018-03-08 thehindubusinessline
“DISCOMs which are making heavy losses (above 15 per cent) will not be granted any loans for capital expenditure or non-capital expenditure unless they draw up a road map for reducing the losses over a definite time frame (not more than 2 years),” said RK Singh, Minister of State (Independent Charge) Power and New and Renewable Energy.
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PFC to lend ₹50,200 crore for power projects in UP

2018-02-26 thehindubusinessline
The project will be completed by December 2018. The scope of work includes site survey, design, manufacturing, supply and installation of 64 units (4400 MVA) of power transformers in PLN regions.
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PFC to lend Rs 50,200 cr for UP power projects

2018-02-26 thehindubusinessline
PFC funds will come handy for the upcoming greenfield and extension of thermal generation projects at Jawaharpur, Panki, Harduagunj, Anpara, and Obra, among others.
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Adani Transmission bags Rajasthan project

2018-02-22 livemint
New Delhi: Adani Transmission on Thursday said it has received a letter of intent (LOI) for one inter-state transmission project in Rajasthan.
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Adani Transmission bags Rajasthan project

2018-02-22 moneycontrol
Adani Transmission today said it has received a letter of intent (LOI) for one inter-state transmission project in Rajasthan.
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Power Finance Corp net profit dips 18 percent at Rs 1,604 crore for December quarter

2018-02-12 moneycontrol
State-run Power Finance Corp (PFC) standalone net profit dipped 17.7 percent at Rs 1,604.43 crore for the quarter ended December 2017.
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PSU index, rising popularity put ETF market on a roll

2018-01-26 moneycontrol
The exchange-traded funds (ETF) market is expected to grow on the back of continued thrust from government and the rising acceptance of such products as an investment vehicle by the retail segment says a report.
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