Reliance Industries has inked deals to supply gas from its eastern offshore KG-D6 fields to most power sector consumers, including Essar Power and an Anil Ambani Group firm.
GE India managed revenues of $2.6 billion (about Rs 130 billion) in 2007 and is hopeful of meeting its target of $8 billion (about Rs 400 billion) by 2010. Key projects in the transportation and nuclear power sector are expected to help it reach that target, says Vice-Chairman John G Rice.
The Indo-US civilian nuclear deal and the go-ahead for atomic commerce obtained by India from the NSG will help address world's shared interests in energy security and climate change, Minister for External Affairs Pranab Mukherjee said on Tuesday.
The government has issued fresh guidelines allowing a power plant the fiscal exemptions of the Special Economic Zone if it is set up in the 'processing' area of the tax-free zone.
Projecting a whopping Rs 10,000 crore (Rs 100 billion) economic engagement with Bhutan in areas like telecom, infrastructure and education, Prime Minister Manmohan Singh on Saturday unveiled a mega plan for cooperation in the power sector.
An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.
The GDP growth for 2013-14 has been lowered to 5.3%, from 6.4% in April.
Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
RBI has cited at least 10 areas where it has no control over PSBs.
The objective of Sahara Power Fund would be to invest "in equities and equity-related securities of companies engaged in the business of generation, transmission, distribution of power or in those companies engaged directly or indirectly in any activity associated with power sector", said the draft document filed with the market regulator SEBI.
KEC International's restructuring and a healthy order book in India and abroad augur well for its shareholders.
The London-based Hinduja conglomerate has begun work on the $15-billion investment plan for India's power sector that will result in generating 10,000 MW for the national electricity grid.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
The power regulator's office may have been functioning "normally" without a chairperson for almost a year, but industry executives see this as the Central government's lack of seriousness towards the body and the power sector.
A circular power grid connecting the northern region to the western grid would be a major component. The grid would cover Seepath, Zeoni, Bina, Gwalior, Agra, Fathepur, Sasaram, Gaya and Ranchi, connecting back to Seepath in North India.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Not only is Chinese equipment being deployed by quite a few power companies in the country, Chinese manpower is also employed in large numbers in the country.
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
Acquisitions, slowdown put infra major in a spot, with bankers okaying debt restructuring.
It is worth reconsidering if this fascination with either having a single party majority or Modi's leadership or, indeed, both, is such a great idea for India, says Udit Misra.
The company will now focus on value creation for shareholders in the defence and construction businesses.
India Meteorological Department has predicted deficient rains.
The big boys in the business of power generation and distribution may soon lose their monopoly as small and medium entrepreneurs are keen to foray into this stream.
In addition, the government also plans to float power bonds -- Vidyut Vikas Patra to mobilise Rs 50,000 crore (Rs 500 billion) to finance various projects in the sector under the Eleventh Plan period. The VKP to be floated on the lines of the Kisan Vikas Patra will have a lock-in period of five years.
Bhel Chairman and Managing Director Ashok Kumar Puri tells Business Standard that the problem lies in the balance-of-plant equipment rather than in the boiler-turbine-generator sets which the company manufactures.
The provision provided for tax at a concessional rate.
Power sector stocks have recently emerged as market favourites, evoking memories of the information technology and pharmaceutical booms of a few years ago and the real estate sector more recently.
The divergence shows lack of financial depth in the Indian stock markets.
Moody's said the asset quality of the banks will remain under pressure.
Those in the fray include three Power Finance Corp officials believed to be among the front-runners for the post of the company's chairman and managing director, as the present chief V K Garg retires on July 31 next year.
The strike by power sector employees has crippled life, badly hitting hospitals and water supply in Andhra Pradesh.
With an eye on channelising domestic savings into the power sector, the finance ministry is considering granting income-tax exemptions for individual investments up to Rs 50,000 in power infrastructure bonds.
The Orissa government has approved four projects in the steel and power sector involving investment worth Rs 7,225 crore.
Torrent Power (up 19.25 per cent) and GVK Power and Infrastructure (up 12.22 per cent) have seen a dramatic rise in the run up to PGCIL issue.
Prime Minister Manmohan Singh on Monday indicated withdrawal of tax exemptions to prevent their misuse.
For Swarup, the job would not be just challenging but also tricky, given the negativity attached to the sector.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
Govt has allowed transfer of clearances granted to the previous allottees to new owners.
The Index of Industrial Production recorded an impressive growth of 11 per cent in February despite power sector registering dismal performance indicating unpleasant summers in the days ahead.
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