Tata Sons, the holding firm of the Tata group, and a few group companies have pledged part of their stakes in Tata Steel, Tata Power and Tata Teleservices (Maharashtra) to raise money for acquisitions and capital expenditure, according to disclosures made on Monday.On January 21, the Securities and Exchange Board of India made disclosure of pledged shares mandatory after it came to light that former Satyam Chairman B Ramalinga Raju had pledged almost his entire holding.
Forty domestic companies, including the Videocon group, Jindal Power and Tata Power, have formed a group to convince the central government to allow private participation in generation of civilian nuclear energy.
Buys 10 per cent stake in geothermal energy firm for Rs 165 crore
The unit, with a capacity to produce 150 Mw of power, has been shut since March 2009. Prior to its closure due to environmental reasons, the unit was running on liquid fuel. Reliance has already signed gas sales and purchase agreements with nine power sector players for supply of 11 mmscmd of natural gas from the KG-D6 block.
Reliance Infrastructure's 4,000-MW power project at Shahpur in Raigad district is facing legal hurdles on environmental ground
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Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Tata Power Company has moved the Delhi high court challenging the government's decision to allow Anil Ambani-led Reliance Power to divert coal from the captive mines of Sasan Ultra Mega Power Project for use in other projects.
The Supreme Court on Wednesday upheld the power purchase agreement between Tata Power Company (TPC) and BEST, a public sector unit, for electricity allocation in Mumbai.
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Tata Group overall commands market capitalisation of over $125 billion
The move will help the utility to charge more from its 2.6 million users in Mumbai. Reliance Infrastructure (Rel Infra) had asked asked the Maharashtra Electricity Regulatory Commission for a 4.19 per cent rise in its annual revenue requirement. It was instead granted an increase of 10 per cent. Mumbai and its suburbs are serviced by Tata Power, Brihanmumbai Electricity & Suburban Transport and Reliance Energy.
Anil Ambani-promoted Reliance Power is likely to announce the financial closure of its 3,960-Mw Sasan ultra mega power project (UMPP) in a few weeks.
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Since the early 1970s, the Tatas have presence in the city-state.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Indian infrastructure group GMR on Wednesday agreed to buy half of US power producer InterGen for about $1.1bn from an investment firm backed by American International Group and Highstar Capital.
The tests were conducted by the Indian Air Force, which will be the first service to induct the Akash missiles in its inventory.
UMPP is coal-based thermal power project that has 4,000 MW capacity.
ADA Group's Reliance Energy and GMR Infrastructure are the two Indian firms that have been shortlisted in the bidding process to acquire Singapore's Tuas Power, one of the three power firms put on block.
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In a major milestone, India successfully tests new advanced towed artillery gun system.
Ratan Tata, in his capacity as the chairman of the Investment Commission, has warned that major projects entailing a combined investment of nearly $60 billion are meeting delays and roadblocks for no apparent reason.
Putin's visit comes at a time when Russia's economy is stalling as oil prices tumble
Will set up a 1,000MW gas-based power plant at its Gujarat SEZ.
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.
India has the world's 4th largest coal reserves, but various woes are leading to the growth of the coal-mining industry not keeping pace with the demands of the economy.
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.
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There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
No one is right all the times. Recognising the market signals is a very important part of your portfolio creation, says P V Subramanyam
India's largest private power utility company - Tata Power Company - is planning to raise $ 600 million to fund its recently acquired coal mines in Indonesia.
Tata Power bagged the Rs 20,000 crore (Rs 200 billion) project in Mundra last year by offering to supply electricity at the lowest rate of Rs 2.26 per unit by burning imported coal.
Reliance Energy Ltd said on Friday the Appellate Tribunal for Electricity has quashed an order of Maharashtra Electricity Regulatory Commission that restricted the company from offering rebates to its retail consumers in the city.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While the Northern states are overdrawing power in violation of grid discipline, one of the units of Dabhol plant has stopped operating and Tata Power has shut one 500 Mw plant for annual overhaul.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
