Indian Power Sector News

Finland Companies Enthusiastic About India's Smart Cities Mission: Finnish Minister Kimmo Tiilikainen - Inc42 Media

Tue, 13/02/2018 - 8:10am

Finland Companies Enthusiastic About India's Smart Cities Mission: Finnish Minister Kimmo Tiilikainen
Inc42 Media
Finland's Chempolis on the lookout to invest some $52 Mn in biorefineries using bagasse, perhaps teaming up with at least one sugar mill in the country. Wartsila, that started production in India in the mid-1980s, was among the first Finnish companies ...

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Poll-bound Rajasthan announces farm loan waiver, tax relief in 2018 budget - The New Indian Express

Mon, 12/02/2018 - 5:01pm

The New Indian Express

Poll-bound Rajasthan announces farm loan waiver, tax relief in 2018 budget
The New Indian Express
Power sector got 25.08 per cent while and rural development sector 13.42 per cent of the planned outlay. The chief minister announced one-time crop loan waiver up to Rs 50,000 for small and marginal farmers, exemption of 'lagan' on land (land revenue ...

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CCI approves sale of RInfra's Mumbai power business to Adanis - Moneylife

Mon, 12/02/2018 - 4:31pm

CCI approves sale of RInfra's Mumbai power business to Adanis
Moneylife
Describing the deal as the largest ever debt reducing exercise by any corporate, RInfra said that monetisation of the Mumbai power business is a major step in the company's deleveraging strategy for future growth. "Reliance Infra's Mumbai power ...

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Shares of SBI, RCom, Tata Steel, Bank of Baroda, NALCO, HPCL, ONGC, NTPC, RInfra in focus today - Financial Express

Mon, 12/02/2018 - 9:17am

Financial Express

Shares of SBI, RCom, Tata Steel, Bank of Baroda, NALCO, HPCL, ONGC, NTPC, RInfra in focus today
Financial Express
Indian stock markets are likely to open higher as major US indices recovered on Friday and over the mixed sentiments over third-quarter earnings reported by blue-chip companies. The early indicator of NSE Nifty, SGX Nifty Futures was trading little ...

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indian banking sector: $3.6 billion in hidden bad loans spotlight ... - Economic Times

Mon, 12/02/2018 - 8:32am

Economic Times

indian banking sector: $3.6 billion in hidden bad loans spotlight ...
Economic Times
The quantum of hidden bad loans in State Bank of India's books is particularly striking because the lender is often seen as a proxy for the nation's economy.
$3.6 Billion in Hidden Bad Loans Spotlight India Bank StressBloombergQuint

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Analysts feel banks' recovery may be delayed to fiscal 2019 - Economic Times

Mon, 12/02/2018 - 8:31am

Economic Times

Analysts feel banks' recovery may be delayed to fiscal 2019
Economic Times
"A meaningful proportion of mid-size stressed corporates continues to be standard on bank books with absolutely no form of recognition and could slip to the non-performing category in the next 12-18 months," said Udit Kariwala, Senior Analyst ...

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India Bad Loans: $3.6 Billion In Hidden Bad Loans Spotlight Indian ... - BloombergQuint

Mon, 12/02/2018 - 8:18am

India Bad Loans: $3.6 Billion In Hidden Bad Loans Spotlight Indian ...
BloombergQuint
India's regulator unearthed about $3.6 billion of bad loans in the books of the country's biggest bank, amplifying questions about distress in the financial sector given underreporting by some rivals as well.

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Top stocks in focus on 12 February 2018 - Economic Times

Mon, 12/02/2018 - 8:12am

Economic Times

Top stocks in focus on 12 February 2018
Economic Times
Bharat Forge: Bharat Forge, India's leading forging company that supplies components to truck makers globally, is one of the few firms among BSE 200 peers that have seen earnings upgrades in the past one year. Its December 2017 quarter results and ...

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PM Narendra Modi, Sheikh Mohammed bin Zayed Al Nahyan sign five pacts - The New Indian Express

Mon, 12/02/2018 - 7:04am

News18

PM Narendra Modi, Sheikh Mohammed bin Zayed Al Nahyan sign five pacts
The New Indian Express
The MoU between an Indian power consortium and Abu Dhabi National Company to acquire 10 per cent participating interest in the offshore Lower Zakum concession zone is the first Indian investment in upstream oil sector of UAE, transforming the ...
Narendra Modi LIVE: I See a Mini India in Oman, PM Tells Indian DiasporaNews18
Modi visits Ramallah, backs independent Palestine stateAljazeera.com

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DNA EXCLUSIVE: Maharashtra gets Rs 1.30 lakh cr investment in ... - Daily News & Analysis

Mon, 12/02/2018 - 5:25am

Daily News & Analysis

DNA EXCLUSIVE: Maharashtra gets Rs 1.30 lakh cr investment in ...
Daily News & Analysis
Maharashtra, with an installed generation capacity of 13,602 MW, is set to become power surplus. Industry majors including Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies will invest a whopping Rs 1.30 lakh crore ...

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Modi, Sheikh Nahyan sign five pacts - The New Indian Express

Mon, 12/02/2018 - 3:37am

The New Indian Express

Modi, Sheikh Nahyan sign five pacts
The New Indian Express
The MoU between an Indian power consortium and Abu Dhabi National Company to acquire 10 per cent participating interest in the offshore Lower Zakum concession zone is the first Indian investment in upstream oil sector of UAE, transforming the ...
Narendra Modi LIVE: I See a Mini India in Oman, PM Tells Indian DiasporaNews18
Mahmoud Abbas seeks India's role in peace process as PM Modi visits PalestineMoneycontrol.com
Abbas seeks India's role in peace talks as Modi makes historic West Bank visitSaudi Gazette
Aljazeera.com -The Bellingham Herald
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$3.6 Billion in Hidden Bad Loans Spotlight Indian Banking Stress - Bloomberg

Mon, 12/02/2018 - 3:11am

Bloomberg

$3.6 Billion in Hidden Bad Loans Spotlight Indian Banking Stress
Bloomberg
State Bank of India's shares fell 1.7 percent to 296.4 rupees in Mumbai on Friday, extending this year's drop to 4.4 percent. Most of the accounts identified by the RBI in its risk assessment were already on the stressed asset list “in one way or ...

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Power Minister: New plants only within 500 kms of coal field - The Indian Express

Mon, 12/02/2018 - 12:17am

The Indian Express

Power Minister: New plants only within 500 kms of coal field
The Indian Express
According to a senior government official, the central government is currently working out the modalities with other ministries on the topic of auctioning coal mines to private sector entities for commercial mining. However, a recent Coal India Limited ...

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Indian-American Rockefeller Foundation prez to visit India - BW Businessworld

Sun, 11/02/2018 - 2:17pm

Indian-American Rockefeller Foundation prez to visit India
BW Businessworld
During his four-day visit, he would travel to New Delhi, Bengaluru and Mumbai, and meet key government and political leaders and other significant philanthropists to discuss areas of interest such as energy, health, urban resilience and co- investment ...

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Adani Power's proposal for setting up SEZ in Jharkhand rejected - The New Indian Express

Sun, 11/02/2018 - 1:10pm

Adani Power's proposal for setting up SEZ in Jharkhand rejected
The New Indian Express
NEW DELHI: The commerce ministry has rejected Adani Power's proposal to set up a special economic zone for the power sector in Jharkhand entailing an investment of Rs 15,002 crore as it was inconsistent with the sectoral guidelines, an official said ...

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Indian Youth Bleed Blue - Siliconeer

Sun, 11/02/2018 - 12:54am

Siliconeer

Indian Youth Bleed Blue
Siliconeer
No more free electricity in India. Could this be the next big reform of the Modi government after GST? The blueprint to amend India's Electricity Act has been put in place by the union power ministry. The next step is approval in Parliament. So far ...

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No More Free Power in India - Siliconeer

Sat, 10/02/2018 - 12:28pm

No More Free Power in India
Siliconeer
No more free electricity in India. Could this be the next big reform of the Modi government after GST? The blueprint to amend India's Electricity Act has been put in place by the union power ministry. The next step is approval in Parliament. So far ...

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Tamil Nadu is set to become a world leader in clean energy - GQ India - GQ India

Sat, 10/02/2018 - 11:00am

Tamil Nadu is set to become a world leader in clean energy - GQ India
GQ India
The southern state of Tamil Nadu could be well on its way to becoming a world leader in wind power, according to a recent report by US-based Institute for Energy Economics and Financial Analysis (IEEFA). But in order for this to happen, the state ...

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Think Energy, EverStreamCapital join hands to tap solar power ... - Business Line

Sat, 10/02/2018 - 6:54am

Business Line

Think Energy, EverStreamCapital join hands to tap solar power ...
Business Line
Think Energy, a New Jersey-based solar development company, and EverStream Capital, a renewable energy-focussed private equity fund manager, have announced a new partnership that will capitalise on the growth opportunities in the Indian solar ...

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Electric vehicles may raise power demand by 160 billion units: Report - The New Indian Express

Sat, 10/02/2018 - 4:46am

The New Indian Express

Electric vehicles may raise power demand by 160 billion units: Report
The New Indian Express
“It is estimated that EVs could emerge as a key segment in the overall automobile sector. Assuming a market share of 15 per cent by 2030, EVs can result in incremental power demand of nearly 160 billion units by 2030,” according Coal Vision 2030. The ...

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