Major steps to boost power generation soon
August 25th, 2012 - 9:08 pm ICT by IANS
New Delhi, Aug 25 (IANS) The government is fortifying major initiatives undertaken earlier to improve the power situation in the light of the country's worst blackout last month.Minister of State ... Read more...
Posted in Business |
260 percent power capacity added between 10th and 11th Plans
August 17th, 2012 - 7:53 pm ICT by IANS
New Delhi, August 17 (IANS) The power generation capacity added during the 11th Plan is about 260 percent of the total capacity added during the 10th Plan, Minister of State ... Read more...
Posted in Business |
BHEL’s eastern wing eyeing to double turnover
April 5th, 2012 - 1:34 pm ICT by IANS
Kolkata, April 5 (IANS) State-run Bharat Heavy Electricals Limited (BHEL)'s eastern wing is eyeing to double its turnover in the next five years to Rs.54 billion, a top official of ... Read more...
Posted in Business |
N-power capacity failed to rise: Economic Survey
March 15th, 2012 - 9:19 pm ICT by IANS
Chennai, March 15 (IANS) Even though the generation of nuclear power increased by 33 percent this fiscal, no capacity was added against a target of 2,000 MW, the Economic ... Read more...
Posted in Business |
Tamil Nadu’s new solar energy policy to add 3,000 MW
March 12th, 2012 - 8:37 pm ICT by IANS
Chennai, March 12 (IANS) Tamil Nadu will soon come out with a new policy on solar power to generate 3,000 MW by 2015-16, Natham R Viswanathan, minister for non-conventional energy ... Read more...
Posted in Business |
Kingfisher Airlines third quarter loss at Rs.444 crore
February 16th, 2012 - 5:24 pm ICT by IANS
Mumbai, Feb 16 (IANS) High fuel costs and falling revenue resulted in Kingfisher Airlines' losses in the third quarter of the current fiscal mounting to Rs.444 crore from a net ... Read more...
Posted in Uncategorized |
India’s SMEs welcome 100 percent FDI in single-brand retail
January 27th, 2012 - 5:58 pm ICT by IANS
New Delhi, Jan 27 (IANS) Welcoming the government's decision to allow 100 percent foreign direct investment in single-brand retail, India's small and medium enterprises (SMEs) say the mandatory 30 percent ... Read more...
Posted in Business |
Rising raw material cost dampening manufacturing growth: Ficci
December 11th, 2011 - 1:20 pm ICT by IANS
New Delhi, Dec 11 (IANS) Fewer orders, moderate exports and rising raw material costs have dampened the manufacturing sector, the Federation of Indian Chambers of Commerce and Industry (Ficci) says ... Read more...
Posted in Business |
Hindalco to invest $5 billion more, double aluminium capacity
December 6th, 2011 - 11:36 pm ICT by IANS
Hyderabad, Dec 6 (IANS) Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, is looking to more than double its aluminium production capacity by 2016 with an ... Read more...
Posted in Business |
Sensex closes 151 points lower as L&T; results disappoint
October 21st, 2011 - 7:02 pm ICT by IANS
Mumbai, Oct 21 (IANS) A benchmark index for Indian equities Friday closed 151 points lower, bogged down by lower than expected results from heavyweight L&T.; Dull Asian cues too ... Read more...
Posted in Business |
L&T; quarterly net profit rises 15 percent
October 21st, 2011 - 4:40 pm ICT by IANS
Mumbai, Oct 21 (IANS) Engineering and construction major Larsen and Toubro (L&T;) Friday reported a 15 percent increase in net profit at Rs.798 crore for the quarter ended Sep 30, ... Read more...
Posted in Business |
Coal shortage could hit hard power projects
October 9th, 2011 - 6:21 pm ICT by IANS
New Delhi, Oct 9 (IANS) Uncertain coal supply from mines in the country and problems in importing fuel could lead to massive shortageS for Indian power plants and result in ... Read more...
Posted in Business |
Rivals? India seeks bigger Chinese role in infrastructure
October 9th, 2011 - 5:32 pm ICT by IANS
New Delhi, Oct 9 (IANS) Even as security hackles are raised in New Delhi over alleged Chinese muscle-flexing over disputed territory, whether land or sea, India does not appear to ... Read more...
Posted in Business |
India seeks US investment in power sector
September 20th, 2011 - 6:40 pm ICT by IANS
Chicago, Sep 20 (IANS) Indian Power Minister Sushil Kumar Shinde Tuesday urged US entrepreneurs to invest in India's growing power sector.Addressing the US-India Economic Opportunities and Synergies Summit in ... Read more...
Posted in Business |
Rs.4,900 crore FDI in renewable energy sector
August 26th, 2011 - 10:04 pm ICT by IANS
New Delhi, Aug 26 (IANS) Over Rs.4,900 crore has been received by the renewable energy sector as Foreign Direct Investment since 2008-09 with Rs.480.34 crore investment in the first quarter ... Read more...
Posted in Uncategorized |
‘One-third power capacity addition by private sector’
August 25th, 2011 - 9:10 pm ICT by IANS
New Delhi, Aug 25 (IANS) The government Thursday said the private sector would contribute nearly 36 percent of power sector capacity expansion in the 11th Five Year Plan, which ... Read more...
Posted in Business |
GMR Energy to acquire 30 percent stake in Indonesian firm
August 12th, 2011 - 2:03 pm ICT by IANS
New Delhi, Aug 12 (IANS) GMR Energy Limited Friday said it would acquire 30 percent stake in Indonesian firm PT Golden Energy Mines Tbk (GEMS) for $550 million, a move ... Read more...
Posted in Business |
Adani Power’s Q1 net profit up 54 percent
August 4th, 2011 - 7:59 pm ICT by IANS
Mumbai, Aug 4 (IANS) Adani Power Thursday reported a rise of 54 percent in its net profit for the first quarter of the current fiscal at Rs.177 crore as compared ... Read more...
Posted in Business |
GIL seeks land to set up captive thermal plant
July 25th, 2011 - 11:38 pm ICT by IANS
Kolkata, July 25 (IANS) Graphite India Limited (GIL), part of K.K. Bangur Group, is looking for around 50 acres of land in West Bengal to set up a captive thermal ... Read more...
Posted in Business |
Birla Corp plans Rs.1,025 crore capacity expansion investment
June 27th, 2011 - 9:06 pm ICT by IANS
Kolkata, June 27 (IANS) The M.P. Birla Group flagship Birla Corporation is planning to invest around Rs.1,025 crore over the next one and a half years for expanding cement and ... Read more...
Posted in Business |
UPA reports highlights economic growth, internal security
May 23rd, 2011 - 12:53 am ICT by IANS
New Delhi, May 22 (IANS) Sustained economic growth, improved internal security and expanding relations with foreign countries are the highlights of the performance report of the United Progressive Alliance- ... Read more...
Posted in Politics |
Indian economic survey calls for rapid reduction of infrastructure deficit
February 25th, 2011 - 8:28 pm ICT by ANI
New Delhi, Feb 25 (ANI): The Economic Survey 2010-11 has said that rapid reduction of the infrastructure deficit was the key to competitiveness in an increasingly localized environment.The Survey highlights that ... Read more...
Posted in National |
50 percent infrastructure projects delayed: Economic Survey
February 25th, 2011 - 4:56 pm ICT by IANS
New Delhi, Feb 25 (IANS) Progress on key infrastructure projects, especially roads, power and railways, has not been satisfactory as more than half the central projects have been delayed, resulting in ... Read more...
Posted in Business |
India poised for record capacity addition of 15000 MW in 2011: Shinde
February 13th, 2011 - 9:58 pm ICT by ANI
New Delhi, Feb 13(ANI): Union Power Minister Sushilkumar Shinde has said that the power sector in the country is poised for record capacity addition of 15000MW during the present financial year.Inaugurating ... Read more...
Posted in National |
India to become power surplus nation: Shinde
January 3rd, 2011 - 1:58 pm ICT by ANI
Agartala, Jan 3 (ANI): Union Power Minister Sushil Kumar Shinde has said that India would be a power surplus nation with the addition of 45,000 MW of power during the 12th ... Read more...
Posted in National |
India plans power lines via Bangladesh
January 2nd, 2011 - 7:04 pm ICT by IANS
Agartala, Jan 2 (IANS) India is exploring the possibility of building transmission lines via Bangladesh to supply power to that country and to transmit electricity between the northeast and the rest ... Read more...
Posted in Business |
Moily’s suggestions for “Unleashing Power” in India
December 8th, 2010 - 4:29 pm ICT by ANI
New Delhi, Dec 8 (ANI): Union Law and Justice Minister M. Veerappa Moily has said that by 2017 India would need 1,250 billion kWh of power and there was also an urgent ... Read more...
Posted in National |
India’s capacity to deal with security challenges will be better by 2012: Chidambaram
November 30th, 2010 - 10:08 pm ICT by ANI
New Delhi, Nov.30 (ANI): Presenting his monthly report for November, Union Home Minister P. Chidambaram said on Tuesday that India's capacity to deal with security challenges would be better by 2012."Despite ... Read more...
Posted in National |
Dealing with security-related challenges in country has improved: Chidambaram
November 30th, 2010 - 8:32 pm ICT by ANI
New Delhi, Nov.30 (ANI): Union Home Minister P. Chidambaram on Tuesday said that in the two years since the terrorist attack on Mumbai by Pakistani terrorists, dealing with security-related challenges in ... Read more...
Posted in National |
Manufacturing sector improved April-September: Survey
November 28th, 2010 - 3:35 pm ICT by IANS
New Delhi, Nov 28 (IANS) India's manufacturing sector improved its performance in April-September 2010 compared to the corresponding period in the previous year, says a Confederation of Indian Industry (CII) study."The ... Read more...
Posted in Business |
Raising funds for infrastructure development not a big problem: Mukherjee
October 28th, 2010 - 2:15 pm ICT by ANI
New Delhi, Oct 28 (ANI): Union Finance Minister Pranab Mukherjee has said that raising funds for infrastructure development is not a big problem, and added that progress has been made in ... Read more...
Posted in Business |
Power ministry asks for environment clearance for some coal mines
October 26th, 2010 - 9:44 pm ICT by IANS
New Delhi, Oct 26 (IANS) India's power ministry has approached the environment ministry to allow functioning of some of the coal mines which fall under restricted areas and were dedicated to ... Read more...
Posted in Business |
India’s power sector needs $300 billion investment: Shinde
October 5th, 2010 - 10:44 pm ICT by IANS
New Delhi, Oct 5 (IANS) Power Minister Sushilkumar Shinde Tuesday said India required over $300 billion investment in electricity and invited foreign investors to participate in the sector."The scope for investment in ... Read more...
Posted in Business |
India seeks Canadian investment in power sector
September 20th, 2010 - 7:20 pm ICT by IANS
New Delhi, Sep 20 (IANS) Power Minister Sushilkumar Shinde has invited Canadian firms to invest in India, saying that the government expected the private sector to contribute almost 40 percent of investment ... Read more...
Posted in Business |
Solar mission to reduce cost of solar power: Ministry
August 18th, 2010 - 10:52 pm ICT by IANS
New Delhi, Aug 18 (IANS) India's National Solar Mission will aggressively target decreasing the cost of solar power, a renewable energy ministry official said here Wednesday.
"Capacity addition targets and policy instruments under ... Read more...
Posted in Business |