Indian Power Sector News

India Crackdown Said to Put 12 Power Assets at Bankruptcy Risk - BloombergQuint

Fri, 07/09/2018 - 7:04pm

BloombergQuint

India Crackdown Said to Put 12 Power Assets at Bankruptcy Risk
BloombergQuint
(Bloomberg) -- Indian lenders haven't yet been able to restructure 12 stressed loan accounts in the power sector, people with knowledge of the discussions said, underscoring the risk that these may be referred to bankruptcy courts after $52 billion of ...

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India Crackdown Said to Put 12 Power Assets at Bankruptcy Risk - BloombergQuint

Fri, 07/09/2018 - 7:04pm

BloombergQuint

India Crackdown Said to Put 12 Power Assets at Bankruptcy Risk
BloombergQuint
(Bloomberg) -- Indian lenders haven't yet been able to restructure 12 stressed loan accounts in the power sector, people with knowledge of the discussions said, underscoring the risk that these may be referred to bankruptcy courts after $52 billion of ...

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Revitalising India's public sector - Daily Pioneer

Fri, 07/09/2018 - 12:01am

Daily Pioneer

Revitalising India's public sector
Daily Pioneer
However, particularly since the 1970s, there has been a growing interference in the functioning of the Indian Railways, the state electricity boards as well as other public sector organisations, which were seen essentially as milch cows for the benefit ...

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Banks may refer GMR, Prayagraj, SKS, 8 other power companies to NCLT - Economic Times

Thu, 06/09/2018 - 9:17pm

Economic Times

Banks may refer GMR, Prayagraj, SKS, 8 other power companies to NCLT
Economic Times
MUMBAI: Failing to find resolutions for stressed power sector companies, lenders have decided to refer 11 companies, including Prayagraj Power Generation, GMR Chhattisgarh Energy and Jaiprakash Power Venture, to the National Company Law Tribunal ...

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IDFC Bank sells 12 power sector loans to Edelweiss ARC at one fourth price - Economic Times

Thu, 06/09/2018 - 4:33pm

Economic Times

IDFC Bank sells 12 power sector loans to Edelweiss ARC at one fourth price
Economic Times
Five more accounts are likely to be referred to the bankruptcy court as an outcome of a Reserve Bank of India circular in February. The central bank had directed lenders to refer all stressed power sector accounts with more than Rs 2,000 crore loans to ...

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The Crisis in the Electricity Sector is not Just About NPAs - NewsClick

Thu, 06/09/2018 - 4:17pm

NewsClick

The Crisis in the Electricity Sector is not Just About NPAs
NewsClick
The crisis in the sector has grown in tandem with the growth of private power in the Indian grid. In 2002, privately-owned generating assets were only about 10.5%; today (July 2018) these are 45.2%. As the share of private generation has grown, so has ...

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The Crisis is in the Electricity Sector is not Just About NPAs - NewsClick

Thu, 06/09/2018 - 4:17pm

NewsClick

The Crisis is in the Electricity Sector is not Just About NPAs
NewsClick
The crisis in the sector has grown in tandem with the growth of private power in the Indian grid. In 2002, privately-owned generating assets were only about 10.5%; today (July 2018) these are 45.2%. As the share of private generation has grown, so has ...

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India needs stringent steps to maximise efficiency of coal plants: Report - Economic Times

Thu, 06/09/2018 - 12:48pm

Economic Times

India needs stringent steps to maximise efficiency of coal plants: Report
Economic Times
"Investments of up to $5 trillion are required until 2030 for transforming the energy systems. Power sector leads the investment requirements at $2 trillion, followed by industry and transport ($1 trillion each), buildings ($0.7 trillion) and ...

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Has Nifty's composition kept pace with the changing Indian economy ... - Economic Times

Thu, 06/09/2018 - 11:57am

Economic Times

Has Nifty's composition kept pace with the changing Indian economy ...
Economic Times
The average age of a Nifty company has increased to 43 years now from 38 in 1996.

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Solar: A Game Changer for India's Agricultural Sector - Mercom India

Thu, 06/09/2018 - 10:11am

Solar: A Game Changer for India's Agricultural Sector
Mercom India
This article is the second part of a series how solar is and can affect different critical sectors in India. The first article addressed solar's impact on India's water usage. Solar power is one of the most versatile forms of energy, with boundless ...

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Pariwartan scheme needs concessions from RBI - The New Indian Express

Thu, 06/09/2018 - 4:07am

The New Indian Express

Pariwartan scheme needs concessions from RBI
The New Indian Express
NEW DELHI: The power ministry is seeking some concessions from the Reserve Bank of India (RBI) in the matter of power sector stressed assets. On Wednesday, Power secretary A K Bhalla said there were “some issues” in the mooted Pariwartan scheme, ...
News Digest: RBI denies waiver for Pariwartan, Jaitley on rupee, and moreBusiness Standard

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Why India's manufacturing sector needs a big push - Financial Express

Thu, 06/09/2018 - 3:34am

Financial Express

Why India's manufacturing sector needs a big push
Financial Express
The Indian industry certainly needs to upgrade to compete globally, but without an effective and targeted policy support, the manufacturing sector will stagnate and not be able to compete with its emerging market peers. Effective collaboration between ...

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Power sector NPAs: A crisis too near - Business Standard

Thu, 06/09/2018 - 12:17am

Business Standard

Power sector NPAs: A crisis too near
Business Standard
The impact of non-performing assets (NPAs) of Indian banks extends far beyond the financial sector and poses a serious threat to our political economy and to society. Resources are indeed being channelled to address the issue, but our apparent ...

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Stock market update: Nifty Bank down; IndusInd Bank, HDFC Bank, ICICI Bank drag - Economic Times

Wed, 05/09/2018 - 11:12am

Economic Times

Stock market update: Nifty Bank down; IndusInd Bank, HDFC Bank, ICICI Bank drag
Economic Times
Banks may have to take a haircut of as much as 60 per cent from the close to Rs 1.8 lakh crore of loans to the power sector after the Allahabad High Court denied power companies interim relief from Reserve Bank of India's tightened NPA regulations ...
Sensex Posts Longest Losing Streak In Six Months On Rupee WoesBloombergQuint

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Month in a Minute: Important News from the Indian Solar Industry in August 2018 - Mercom India

Wed, 05/09/2018 - 10:03am

Month in a Minute: Important News from the Indian Solar Industry in August 2018
Mercom India
KfW, a leading German financial institution, has signed a €200 million (~$228.15 million) loan agreement with India's Rural Electrification Corporation Limited (REC), a state-run power sector financer. KfW signed the agreement on behalf of German ...

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Swaraj to lead a team to Damascus next week - Economic Times

Wed, 05/09/2018 - 7:53am

Economic Times

Swaraj to lead a team to Damascus next week
Economic Times
India has extended its strong support for the sovereignty and territorial integrity of Syria. Syria on its part has supported India on the Kashmir issue on all international forums, including Organisation of Islamic Cooperation, and believes India has ...

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Adding to strain of falling rupee: sharp spike in imports of coal, ores - The Indian Express

Wed, 05/09/2018 - 4:47am

The Indian Express

Adding to strain of falling rupee: sharp spike in imports of coal, ores
The Indian Express
The growth in raw coal production of Coal India Ltd (CIL) has slipped over the last three years, down from over 9 per cent in 2016-16 to 2.9 per cent in 2016-17 and then to 2.4 per cent in 2017-18. The trend is reflected in the first quarter of this ...

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China hardsells big ticket but low on trust, India's soft power push in Myanmar education and health - The Indian Express

Wed, 05/09/2018 - 4:35am

The Indian Express

China hardsells big ticket but low on trust, India's soft power push in Myanmar education and health
The Indian Express
As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China.

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1/4th of power plants burning coal and cash, yet more in pipeline - Times of India

Wed, 05/09/2018 - 3:31am

Times of India

1/4th of power plants burning coal and cash, yet more in pipeline
Times of India
Debt-laden and deadly, India's coal-fired power sector continues to suck out large sums and pump in toxic pollutants. Is the country heading into dark times on the pretext of seeing light? TOI analyses various reports of Central Electricity Authority ...

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Coal India supplied 12 per cent more coal than last year to the power sector - Economic Times

Tue, 04/09/2018 - 8:12pm

Economic Times

Coal India supplied 12 per cent more coal than last year to the power sector
Economic Times
KOLKATA: Coal India supplied 12% additional coal to the power sector during April-August this year compared to the previous corresponding period. The fuel producer supplied 21 million tonnes of additional coal during the period totaling 197 million tonnes.
Delhi, UP, Bihar may face power disruption due to coal shortage ...Business Today

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