"We have held talks with equipment as well as fuel suppliers and will firm up a plan in the next one years time," GMR Energy Executive Vice-President Avinash R Shah told reporters. GMR Energy is a unit of GMR Infrastructure Ltd. Shah said the company has hired very experienced people from state-owned Nuclear Power Corporation, including former Chairman and Managing Director M R Srinivasan, for its nuclear foray.
In what could hit trading on Power Exchange of India Ltd, the Forward Markets Commission has warned it to cease trading in contracts beyond 11 days of payment and delivery. The FMC has also advised traders to desist from trading such contracts on PXIL.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
Two traders - Jindal Steel and Power Ltd and GMR Energy Ltd - have already surrendered their licences.
Over a dozen private players, including Anil Ambani-promoted Reliance Energy Ltd (REL), real estate giant DLF and infrastructure majors GMR and L&T, are understood to have bid for modernisation of Udaipur airport.Other bidders in race for the project include Soma Constructions, L&T and Gammon India, besides Dubai-based ETA, the sources added.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
Their coal block bids may be referred to CCI.
Jindal Power bagged 2 coal mines in Chhattisgarh.
The petroleum ministry has said Reliance Industries Ltd (RIL) is not right in seeking an out-of-turn rise in the price of natural gas produced from the KG-D6 fields and asserted the $4.205 per million British thermal unit (mBtu) rate will prevail unless pricing formula is changed.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
Major corporates are staring at an uncertain future after investing substantially on their projects
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
Reliance Energy Limited has outbid seven other companies, including Tata Power and GMR, to emerge as the top contender for building India's first fully independent private power transmission lines.
The states will get over Rs l lakh crore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Govt to issue ownership rights of 15 coal mines on Mar 23.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Adani Power bagged Jitpur mine in Jharkhand.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Non-mineral-rich states will benefit from tariff concessions.
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