Latest News

Hero Group set to buy wind energy assets of Bhilwara - Economic Times

Indian Power Sector News - 9 hours 9 min ago

Economic Times

Hero Group set to buy wind energy assets of Bhilwara
Economic Times
... acquisitions in this sector with Tata Power's buyout of Welspun Energy's renewable portfolio for Rs 9,249 crore in June 2016 being the biggest. Another major acquisition was that of Greenko Energies taking over the Indian assets of 500 MW of the ...

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Azure Power raises close to Rs200 crore in debt financing - Livemint

Indian Power Sector News - Wed, 18/10/2017 - 11:12pm

Livemint

Azure Power raises close to Rs200 crore in debt financing
Livemint
Founded by Inderpreet Wadhwa in 2008, Azure Power developed India's first utility scale solar project in 2009. In its other efforts in the energy sector in India, FMO along with development finance institutions DEG and Proparco signed an agreement with ...

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Essel Infraprojects appoints Investec to find buyer for its solar power business - Livemint

Indian Power Sector News - Wed, 18/10/2017 - 11:07pm

Livemint

Essel Infraprojects appoints Investec to find buyer for its solar power business
Livemint
Essel's move comes at a time when financing at the lowest cost has become key to success in India's renewable energy sector after solar and wind power tariffs fell to record lows. Solar power tariff fell to a record Rs2.44 per kWh in May before firming ...

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Indian coal shortage shuts down power plants - Power Engineering International

Indian Power Sector News - Wed, 18/10/2017 - 4:21pm

Power Engineering International

Indian coal shortage shuts down power plants
Power Engineering International
In co-operation with the coal ministry, CIL has also set up a 24/7 centre to monitor coal supply to the power sector. Meanwhile in New Delhi, an effort to address pollution levels at the start of the Diwali festival has seen the 700 MW Badarpur coal ...

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India's tightened consumer goods standards could hurt China imports - Economic Times

Indian Power Sector News - Wed, 18/10/2017 - 3:51pm

Economic Times

India's tightened consumer goods standards could hurt China imports
Economic Times
The new rules target toys, electronic goods, machinery, food processing, construction and chemicals, sectors dominated by China, and come amid greater scrutiny of mainland firms looking to enter India's multi-billion dollar power transmission and ...

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India's tightened consumer goods standards could hurt China imports - Livemint

Indian Power Sector News - Wed, 18/10/2017 - 3:44pm

Livemint

India's tightened consumer goods standards could hurt China imports
Livemint
The new rules target toys, electronic goods, machinery, food processing, construction and chemicals, sectors dominated by China, and come amid greater scrutiny of mainland firms looking to enter India's multi-billion dollar power transmission and ...

and more »
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Autos, consumer durable sector likely to drive next leg of rally: Nitasha Shankar - Moneycontrol.com

Indian Power Sector News - Wed, 18/10/2017 - 2:50pm

Autos, consumer durable sector likely to drive next leg of rally: Nitasha Shankar
Moneycontrol.com
Sectors dependent on consumption like autos, consumer durables, etc. are expected to perform better given the overall improvement in consumer sentiment and easing off of GST-related issues that had plagued previous quarter numbers, Nitasha Shankar, Sr ...

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Govt proposes new bill to enable power supplier portability - Moneycontrol.com

Indian Power Sector News - Wed, 18/10/2017 - 11:38am

Govt proposes new bill to enable power supplier portability
Moneycontrol.com
In a bid to introduce healthy competition in the energy sector, the government plans to make it easy for power consumers to switch from one service provider to another, according to an article in the Economic Times. The draft bill, that includes the ...

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India's troubled banks desperately need more money - but government help just isn't coming - Moneycontrol.com

Indian Power Sector News - Wed, 18/10/2017 - 10:52am

India's troubled banks desperately need more money - but government help just isn't coming
Moneycontrol.com
Despite all that the Indian government has done to revitalize the country's struggling banking sector, one crucial element remains missing from its effort: New Delhi isn't forking over enough cash. The lack of liquid funds at a time when non-performing ...

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Soon, like mobile number you may also port your power supplier - Economic Times

Indian Power Sector News - Wed, 18/10/2017 - 12:09am

Economic Times

Soon, like mobile number you may also port your power supplier
Economic Times
"It will provide the biggest platform for investors to get into Indian utility business which has 250 million customers providing choice and facilities to customers. Clear road maps were drawn on its implementation ... "Though the proposal will benefit ...

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Temporary disruptive effect of GST over, says economic affairs secretary - Times of India

Indian Power Sector News - Tue, 17/10/2017 - 4:42pm

Times of India

Temporary disruptive effect of GST over, says economic affairs secretary
Times of India
Temporary disruptive effect of GST is over," he said in a tweet. Overall, industrial production grew at a nine-month high of 4.3 per cent in August, mainly on account of robust performance of mining and power sectors coupled with higher capital goods ...

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Temporary disruptive effect of GST over, says DEA Secretary - The New Indian Express

Indian Power Sector News - Tue, 17/10/2017 - 4:27pm

Temporary disruptive effect of GST over, says DEA Secretary
The New Indian Express
Overall, industrial production grew at a nine-month high of 4.3 per cent in August, mainly on account of robust performance of mining and power sectors coupled with higher capital goods output. India's economic growth slipped to a three-year low of 5.7 ...

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DATA STORY: India depends on the Railways, but it isn't a world class lifeline - Moneycontrol.com

Indian Power Sector News - Tue, 17/10/2017 - 12:21pm

DATA STORY: India depends on the Railways, but it isn't a world class lifeline
Moneycontrol.com
As soon as Goyal came to power, he proposed many reforms for the sector. The minister proposed electric locomotive trains instead of diesel ones as a step towards electrifying the railways. He has also said that the government will spend Rs 1,000 crore ...

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State aims to be hub of downstream aluminium sector - The New Indian Express

Indian Power Sector News - Tue, 17/10/2017 - 8:17am

Odisha Television Ltd. (blog)

State aims to be hub of downstream aluminium sector
The New Indian Express
Over the past five years, the State has attracted investments worth `893 crore, including proposals by Bahrain-based Midal Cables and Power Grid Corporation of India subsidiary Grid Conductors. Four out of five proposals are for the aluminium park.
Odisha invites investment in downstream aluminium sectorOdisha Television Ltd. (blog)

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Abu Dhabi Investment Authority to invest $1 billion in India's Infrastructure Fund - Economic Times

Indian Power Sector News - Tue, 17/10/2017 - 12:16am

Economic Times

Abu Dhabi Investment Authority to invest $1 billion in India's Infrastructure Fund
Economic Times
"In parallel, ADIA will also continue to consider and pursue investments into Indian infrastructure opportunities that fall outside the scope of the NIIF, including taking minority stakes in high-quality Indian companies alongside aligned and reputable ...

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Five Bidders In Fray For 30% Stake In Jaiprakash Power - BloombergQuint

Indian Power Sector News - Mon, 16/10/2017 - 9:26pm

Moneycontrol.com

Five Bidders In Fray For 30% Stake In Jaiprakash Power
BloombergQuint
Interest in Jaiprakash Power Ventures' assets from domestic as well as international investors bodes well for India's banking sector struggling to rid itself of stressed loans and for the Manoj Gaur-led Jaypee Group, which has been trying to sell ...
Market Live: Nifty hits fresh record high, Sensex bounces back; banks leadMoneycontrol.com

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Jaiprakash Power's 30% Stake Sale Finds Five Bidders - BloombergQuint

Indian Power Sector News - Mon, 16/10/2017 - 8:31pm

Jaiprakash Power's 30% Stake Sale Finds Five Bidders
BloombergQuint
Interest in Jaiprakash Power Ventures' assets from domestic as well as international investors bodes for India's banking sector struggling to rid itself of problem assets and for the Manoj Gaur-led Jaypee Group which has been trying to sell assets in a ...

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My Power Bill Increased By 6 Times For No Reason And UP Power Corp. Has No Answer - Youth Ki Awaaz

Indian Power Sector News - Mon, 16/10/2017 - 7:22pm

Youth Ki Awaaz

My Power Bill Increased By 6 Times For No Reason And UP Power Corp. Has No Answer
Youth Ki Awaaz
India's Prime Minister, Narendra Modi, via the Saubhagya scheme, has assured the nation that every Indian household will have a free power connection by December 2018. However, the bills for the power consumed will have to be paid by the consumers on ...

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Live Stock Market Updates - Sensex, Nifty ends at fresh life time closing high - Indiainfoline

Indian Power Sector News - Mon, 16/10/2017 - 3:56pm

Moneycontrol.com

Live Stock Market Updates - Sensex, Nifty ends at fresh life time closing high
Indiainfoline
PNB, Syndicate Bank (-2%), BoB, Union Bank, Canara Bank (-1%). Some buying activity is seen in Basic Materials, FMCG, Metals, Healthcare, Telecom and Auto sectors, while Finance, Bank and Power sector show weakness in BSE. The INDIA VIX is down ...
Diwali in D-Street: Sensex, Nifty hit record highs (Roundup)Business Standard
Closing Bell: Market ends at record high levels; Nifty above 10200-markMoneycontrol.com

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As Investor Sentiment in India's Power Sector Lags, Modi Likely to Opt for Change in Narrative - The Wire

Indian Power Sector News - Mon, 16/10/2017 - 1:57pm

The Wire

As Investor Sentiment in India's Power Sector Lags, Modi Likely to Opt for Change in Narrative
The Wire
India saw an anaemic growth of 4.72% in generation during 2016-17, the lowest in four years, as manufacturing sector stalled. Industry accounts for over 40% of India's total power consumption and therefore, weak industrial growth adversely affected ...

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