Railway passengers in the restive Seema-Andhra region of Andhra Pradesh are bearing the brunt of ongoing strike by employees of state power corporations with many trains are either being partially cancelled or rescheduled.
Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has strongly refuted allegations of bribery by the Adani Group for solar power purchases during his government. He claimed his name was not mentioned in a US court's indictment and that meetings with Adani Group chairman Gautam Adani were not unusual for a chief minister. Reddy said the power supply agreement was between the state's DISCOMs and SECI, with no third-party involvement. He also defended the deal, calling it 'historic' and highlighting the cost savings for the state. Meanwhile, former CM N Chandrababu Naidu has alleged irregularities in the deal and promised to act upon the alleged charges.
Stepping up their agitation, power employees in Seemandhra on Sunday began an indefinite strike to protest the decision to divide Andhra Pradesh.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
MEIL has become one of the fastest growing and most successful infrastructure and engineering, procurement, and construction companies in the country in recent times.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
The plan includes close to 6,000-Mw capacity to be set up by NTPC alone.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
The Group of Ministers on Telangana met for the first time on Friday with an assurance that the concerns of Andhra Pradesh would be addressed with "fairness and objectivity".
In an interview with Sanjay Jog, REC chairman and managing director P V Ramesh talks of the growth strategy and the company's plan to ride the transformation wave in the power sector.
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