Topics: power business

Interim Budget 2024 Sees Mixed Reactions from Power, Renewable Energy and Electricity Sector

Finance Minister Nirmala Sitharaman's proposed interim budget for 2024 has received mixed reactions from stakeholders in the power, energy, and renewable energy sectors. While...

Converting profit-hungry APDCL to consumer-friendly

After days of public uproar across Assam in northeast India, Assam Power Distribution Company Limited (APDCL) came out with several clarifications. Firstly, it asserted that...

How to Know if a Low-Price Inverter is Efficient Enough for Your Requirements?

When it comes to low-price inverters, the market is flooded with endless options. However, when comparing inverters for home prices, confusion arises because pricing...

Tata Power bags order to develop 225 MW hybrid renewable power project

India based power utility company Tata Power on Thursday said, "It's subsidiary Tata Power Green Energy Limited (TPGEL), has received an LOA from Tata...

Torrent Power raises Rs 300 crore through NCDs

Torrent Power has raised Rs 300 crore through issuance of non-convertible debentures on a private basis. In a filing with the stock exchange, Torrent Power...

Tata Power Board approves to raise Rs 2,600 crore from its promoters

Leaders in Power Utility company, Tata Power on Thursday said, "Its board has approved a proposal to raise Rs 2,600 crore through issuance of...

Avaada Energy bags 350 MW solar power project from MSEDCL

Mumbai-based renewable energy producer Avaad Energy on June 25 said, "It has received an order to set up a 350 megawatt (MW) solar plant...

Indian Energy Exchange launches real-time electricity market

India-based electronic systems based power trading platform Indian Energy Exchange Ltd (IEX), has announced the launch of Real-Time Electricity Market (RTM). In a filing with...

Lockdown 4.0: Nirmala Sitharaman: Power distribution companies to be privatized in UT’s

Finance Minister Nirmala Sitharaman has announced the privatization of power distribution companies in the Union Terrorities of India. Addressing the media, Nirmala Sitharaman said, "The...

Adani Transmission Ltd buybacks Non-convertible debentures worth Rs 125 crore

India-based private transmission company Adani Transmission on Monday said that "It has brought back non-convertible debentures (NCDs) worth Rs 125 crore." The company in its...

The Adoption of Renewable Source of Energy in India

For many years the hydropower was the only renewable source of energy that was used in India. Solar and wind continued to be untapped...

GE partners Vedanta Ltd, will install digital smelter in aluminium plant at Jharsuguda

Vedanta Limited, on Monday, announced that it has partnered with GE, “To install digital smelters in their aluminium plants at Jharsuguda in Odisha.” In a...

JWS Energy to acquire GMR’s 1050 MW thermal power plant for Rs 5,321 crore

JWS Energy has announced its plan to acquire GMR Energy Ltd's 1,050 MW thermal power plant in Odisha for Rs 5,321 crore. In a filing...

CG Power and Industrial Solutions loss doubles to Rs 210.7 in December quarter

India's leading electrical products provider, CG Power and Industrial Solutions Limited, has recorded a consolidated loss of Rs 210.07 crore in the December quarter...

Power Finance Corporation records 12 percent decline in December quarter profit

The state-run Power Finance Corporation (PFC) has recorded a sharp decline of 12% in its consolidated net profit at Rs 3,386.72 crore in the...

Kalpataru Power profit jumps by 16.66 percent to Rs 133 crore in Quarter 3

Kalpataru Power Transmission LTD (KPTL) has reported a 16.66 percent jump in the consolidated profit for the December quarter ending in 2019. In a filing...

Union Power Minister: No power crisis in India

Declaring that there is no power crisis in the country, Union Power Minister R K Singh on Thursday said India has installed power generation...

Larsen & Toubro bags Rs 2,048 crore contracts for power and distribution business

During the filing in BSE (Bombay Stock Exchange) on Tuesday, Larsen and Toubro (L&T) announced that "its construction business has received the contract worth Rs...

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