Tata Power Company Ltd has signed a development agreement with Germany's Siemens Project Ventures GmbH to jointly bid for ultra mega power projects.
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam, will be awarded the contract in a few days.
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam in Andhra Pradesh, will be awarded the contract in a few days, Power Minister Sushilkumar Shinde said on Tuesday.
The government is mulling a policy for developing hydro-power capacity, under which projects, possibly of 2,000-3,000 Mw each, would be drawn up and offered to private and public sector developers.
State-run Power Finance Corporation on Thursday awarded the 4,000 MW Sasan and Mundra ultra mega power projects to the two successful bidders Lanco Infratech and Tata Power respectively.
In the domestic market, the car has been well accepted and currently the company has over 80,000 bookings for the model.
Tata Power, the country's largest private utility by sales, announced the acquisition of 30 per cent stake in two coal mining units and a related trading outfit of Indonesia's PT Bumi Resources for nearly Rs 4,740 crore ($1.1 billion).
The biggest lesson is in creating bankable projects with the government getting major clearances, leaving private firms to deliver on what they do best.
With the listing of Mundra Port and SEZ (MPSEZL) on the bourses, the worth of Adani Group chairman Gautam Adani and his brother is Rs 39,051 crore (Rs 390.51 billion).
Reserve Bank Deputy Governor S S Mundra on Friday said that he expects banks to cut interest rates
UMPP is coal-based thermal power project that has 4,000 MW capacity.
As of December 2014, NPAs of PSU banks were at Rs 2,60,531 crore.
Hindi cinema has not just explored various instances of brute force, but often glorified its misogyny.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
Check out the red carpet.
The crew is not traceable, sources said.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
The petroleum ministry has invited bids from companies willing to share Hindustan Petroleum Corporation Ltd's proposed Rs 1,367 crore Mundra-Delhi product pipeline capacity.
Colombo can handle more container traffic than all of India's ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan.
As power generation across northern and western India bore the brunt of the coal scarcity, spot prices at IEX rose to Rs 10.8 a unit during August 25-27, compared with Rs 8.7 a unit on August 22.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
In the next three years, Tata Power will invest anywhere between $150-200 million.
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
Adani Group is exploring legal options after being slapped with a Rs 5,500-crore tax notice, allegedly for overvaluing imported equipment, by the Mumbai wing of the Directorate of Revenue Intelligence.
Stocks of three listed firms of Gujarat-based Adani Group on Friday ended as much as 6 per cent higher on the clear mandate given by voters to the BJP-led NDA.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
India is the largest importer of gold after China.
A total of 20 such train sets of Hyundai Rotem will be manufactured in South Korea's Changwan.
