Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
The proposal to hive off the LNG terminal at the revived Dabhol power plant in Maharashtra is likely to be scrapped, with promoters and financiers agreeing to pump in Rs 24 billion to restart construction work at the plant.
Delhi, reeling under high temperatures and an acute electricity shortage, will get additional gas supplies from the National Thermal Power Corporation and Dabhol to increase power generation and help meet demand in the national capital.
The Bombay high court has given its go ahead for transfer of assets of the 2,184 MW Dabhol power plant to Ratnagiri Gas and Power Pvt Ltd, paving the way for restarting the plant before the end of 2006.
Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 per cent, followed by Reliance Industries (2.44 per cent), Maruti (1.84 per cent), SBI (1.76 per cent) and Bajaj Finance (1.23 per cent).
The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
The government is likely to drop GAIL as the monopoly builder of trunk gas pipelines in the country and as part of opening up the sector, might allow Reliance Industries to lay a line from Andhra Pradesh to Gujarat.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
Alleging that Prime Minister Narendra Modi came to power by "making false promises", Congress general secretary Digvijay Singh on Sunday said some shortcoming lay with his party too in taking the United Progressive Alliance's achievements effectively to the people.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
Market cap of government companies has remained unchanged in the past 8 years.
Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.
Sensex in green in afternoon trade.
Area residents and environmental groups have resisted the coal power plant ever since it was originally proposed in 2006 due to worries about land clearance and pollution
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Benchmark indices finished higher on hopes of economic reforms
The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
The hike in clean energy cess is likely to impact input cost for thermal power producers
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Duty cut on raw material imports are not likely.
The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The Supreme Court asked the Union environment ministry to review six specific hydroelectric projects on the upper Ganga basin in Uttarakhand.
Prayas Jain has been arrested for allegedly buying secret documents.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Clean energy cess to hike cost for power sector.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Amid anti-Telangana agitations impacting power supplies in Andhra Pradesh, the Union Power Ministry has set up a special team to monitor the functioning of electricity grid the state.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
The trouble is largest FDI projects in India have had a tragic history.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
