Indian Power Sector News

Afghanistan's DABS ties up with Tata Power - Economic Times

Wed, 12/09/2018 - 4:22pm

Economic Times

Afghanistan's DABS ties up with Tata Power
Economic Times
"When we look at the power sector and how we can play a role in Afghanistan, we see huge opportunity. The country unfortunately does not have universal access of power as just about 35 per cent of the people have access to power and that also in the ...

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Indian power assets worth $17 billion have been saved from bankruptcy—for now - Quartz

Wed, 12/09/2018 - 1:59pm

Quartz

Indian power assets worth $17 billion have been saved from bankruptcy—for now
Quartz
After all, the power sector's non-performing assets account for around 5.9% of the banking sector's total exposure of Rs4.73 trillion, according to the second volume of the Economic Survey 2016-17 published in August. Of the 70-odd stressed assets ...
Power NPAs: SC transfers all pleas challenging RBI notification to itselfBusiness Standard
Power sector heaves a sigh as SC stays RBI circularThe New Indian Express

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Recovery of power loans may be delayed - Economic Times

Wed, 12/09/2018 - 9:31am

Economic Times

Recovery of power loans may be delayed
Economic Times
MUMBAI: The recovery process by banks could be delayed further due to a Supreme Court stay on Rs 2 lakh crore power sector loans languishing in various stages of resolution and recovery. Bankers are however putting up a brave face on Tuesday's order, ...

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RBI's deadline for bankrupt companies: Supreme Court stays insolvency proceedings against defaulters - Economic Times

Wed, 12/09/2018 - 6:42am

Economic Times

RBI's deadline for bankrupt companies: Supreme Court stays insolvency proceedings against defaulters
Economic Times
... Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency court expired by staying a Reserve Bank of ...

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Power sector heaves a sigh as SC stays RBI circular - The New Indian Express

Wed, 12/09/2018 - 6:20am

The New Indian Express

Power sector heaves a sigh as SC stays RBI circular
The New Indian Express
NEW DELHI: In a big relief to the power sector, the Supreme Court on Tuesday stayed the Reserve Bank of India's (RBI) February 12 circular, preventing initiation of insolvency proceedings against its stressed power assets. The stay came exactly on the ...
Power NPAs: SC transfers all pleas challenging RBI notification to itselfBusiness Standard
Has SC Thrown a Wrench in RBI's Circular on Resolution of Bad Loans?The Wire
Relief to firms: Supreme Court halts IBC process under RBI mandateFinancial Express
Qrius
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A perilous edge - The Indian Express

Wed, 12/09/2018 - 5:35am

The Indian Express

A perilous edge
The Indian Express
Seventy-eight of the largest companies in India are facing dissolution under the Indian Bankruptcy Code. Twenty have been declared insolvent and sent to the National Company Law Tribunal for dissolution. Thirty more, all in the power sector, will also ...

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CLP India, Suzlon announce partnership for 70MW of PV power in Maharashtra - PV-Tech

Wed, 12/09/2018 - 1:24am

PV-Tech

CLP India, Suzlon announce partnership for 70MW of PV power in Maharashtra
PV-Tech
Indian power sector investment company CLP India has announced a joint venture with Indian renewable energy solutions provider Suzlon that will lead to the development of two new PV projects in Dhule, Maharashtra. One project will have a combined ...

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Raghuram Rajan explains: Understanding bad loans - The Indian Express

Wed, 12/09/2018 - 1:14am

The Indian Express

Raghuram Rajan explains: Understanding bad loans
The Indian Express
... escalated for stalled projects and they became increasingly unable to service debt. The continuing travails of the stranded power plants, even though India is short of power, suggests government decision making has not picked up sufficient pace to ...
Till Now The Govt Has Failed To Bring A Single High Profile Fraudster To Book: Raghuram Rajan On NPAsThe Logical Indian
Read: Full Text of Raghuram Rajan's Note to Parliamentary Committee on NPAsThe Wire

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Power NPAs: SC transfers all pleas challenging RBI notification to ... - Business Standard

Tue, 11/09/2018 - 10:02pm

Business Standard

Power NPAs: SC transfers all pleas challenging RBI notification to ...
Business Standard
In a temporary relief to stressed assets, the Supreme Court on Tuesday asked banks not to refer any case for insolvency under the February 12 circular of the ...
Power sector heaves a sigh as SC stays RBI circularThe New Indian Express
Relief to firms: Supreme Court halts IBC process under RBI mandateFinancial Express

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Power companies hail Supreme Court stay on RBI circular - Economic Times

Tue, 11/09/2018 - 3:31pm

Economic Times

Power companies hail Supreme Court stay on RBI circular
Economic Times
“SC order has provided a great relief to Power sector stressed assets , this would provide time for Bankers to finalise resolution plan for about 13 GW of projects which are presently in their final stages and HLEC under the Chairman ship of Cabinet ...
Power sector heaves a sigh as SC stays RBI circularThe New Indian Express
Power NPAs: SC transfers all pleas challenging RBI notification to itselfBusiness Standard
Relief to firms: Supreme Court halts IBC process under RBI mandateFinancial Express

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Closing bell: Sensex sinks 509 points, Nifty settles at 11287 - Livemint

Tue, 11/09/2018 - 2:48pm

Livemint

Closing bell: Sensex sinks 509 points, Nifty settles at 11287
Livemint
CLP India has the option to acquire the balance 51 per cent stake in the future, it added. CLP India is the wholly-owned subsidiary of Hong Kong Stock Exchange listed CLP Holdings Ltd. It is one of the largest foreign investors in the Indian power ...
Nifty seen around 11800-12000 by FY19-end; These 5 stocks could give double-digit returnsMoneycontrol.com

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Suzlon inks JV with CLP India for two solar projects in Maharashtra - Economic Times

Tue, 11/09/2018 - 12:35pm

Economic Times

Suzlon inks JV with CLP India for two solar projects in Maharashtra
Economic Times
"As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, CLP India has agreed to acquire 49 per cent stake in Gale Solarfarms Ltd and Tornado Solarfarms Ltd, two special purpose vehicles (SPV) set-up by Suzlon," ...
Turbine maker Suzlon signs JV with CLP India for two solar projects ...Devdiscourse

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Suzlon inks JV with CLP India for two solar projects in Maharashtra - Moneycontrol.com

Tue, 11/09/2018 - 11:56am

Moneycontrol.com

Suzlon inks JV with CLP India for two solar projects in Maharashtra
Moneycontrol.com
"As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, CLP India has agreed to acquire 49 percent stake in Gale Solarfarms Ltd and Tornado Solarfarms Ltd, two special purpose vehicles (SPV) set-up by Suzlon," Suzlon ...
Suzlon to offload 49% stake in two solar projects in Maharashtra to CLPBusiness Standard
CLP India and Suzlon to Partner for 70 MW of Solar Projects in MaharashtraMercom India

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Suzlon inks joint venture with CLP India for two solar projects in Maharashtra - The Hindu BusinessLine

Tue, 11/09/2018 - 11:53am

The Hindu BusinessLine

Suzlon inks joint venture with CLP India for two solar projects in Maharashtra
The Hindu BusinessLine
CLP India is the wholly-owned subsidiary of Hong Kong Stock Exchange listed CLP Holdings Ltd. It is one of the largest foreign investors in the Indian power sector with a total committed investment of over Rs 14,500 crore. Shares of Suzlon Energy were ...

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SC grants relief from NCLT for stressed pvt power plants - Economic Times

Tue, 11/09/2018 - 11:40am

Economic Times

SC grants relief from NCLT for stressed pvt power plants
Economic Times
NEW DELHI: In a big relief to private power, textiles companies and shipowners, the Supreme Court has stayed the Reserve Bank of India's circular, preventing initiation of Insolvency proceedings against their stressed power assets. .... “Investments ...

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Suzlon inks JV with CLP India for two solar projects in Maharashtra - Business Standard

Tue, 11/09/2018 - 11:40am

Business Standard

Suzlon inks JV with CLP India for two solar projects in Maharashtra
Business Standard
CLP India has the option to acquire the balance 51 per cent stake in the future, it added. CLP India is the wholly-owned subsidiary of Hong Kong Stock Exchange listed CLP Holdings Ltd. It is one of the largest foreign investors in the Indian power ...

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BSE, PTC India, Bharat Forge, SpiceJet and Tata Motors among stocks in the news - Economic Times

Tue, 11/09/2018 - 8:19am

Economic Times

BSE, PTC India, Bharat Forge, SpiceJet and Tata Motors among stocks in the news
Economic Times
Alstom India: Competition in the metro rail engineering and construction sector is intense and the only way to be price competitive is to manufacture locally but the anomalies in GST are taking that advantage away from local manufacturers, Alain Spohr, ...

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Relief for 2 power projects; Madras HC stays insolvency proceedings - Economic Times

Tue, 11/09/2018 - 7:43am

Economic Times

Relief for 2 power projects; Madras HC stays insolvency proceedings
Economic Times
Several other firms, meanwhile, are likely to approach the Supreme Court on Tuesday, seeking more time to resolve their bad loans and save themselves from insolvency as a Reserve Bank of India circular has mandated. ..... “Investments will also ...

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Greenko Group calls off plan to buy Orange Renewable - Livemint

Tue, 11/09/2018 - 7:34am

Livemint

Greenko Group calls off plan to buy Orange Renewable
Livemint
... for investors. Also, Fotowatio Renewable Ventures plans to exit its only investment in the Indian solar power space, and Edelweiss Infrastructure Yield Plus Fund, is in talks with Engie SA to buy a significant stake in the French energy firm's ...

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Coal import bill down Rs 1 lakh crore in 4 years - Times of India

Tue, 11/09/2018 - 5:28am

Swarajya

Coal import bill down Rs 1 lakh crore in 4 years
Times of India
NEW DELHI: India has saved over Rs 1 lakh crore in coal import bill over the last four years as shipments brought in by the power sector - accounting for 76% of demand - came down steadily on the back of rising domestic production and improved quality ...
Morning Brief: India Saved Rs 1 Lakh Crore In Coal Import Bill In Last Four Years; To Get 'Lean And Mean', Indian ...Swarajya

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