Cabinet approves National Electricity Fund (Lead)
December 13th, 2011 - 10:36 pm ICT by IANS
New Delhi, Dec 13 (IANS) The cabinet Tuesday approved the creation of a National Electricity Fund (NEF) to provide interest subsidy of Rs.8,466 crore for electricity distribution projects for a ... Read more...
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Government to provide Rs.8,466 crore subsidy on electricity loan
December 13th, 2011 - 9:50 pm ICT by IANS
New Delhi, Dec 13 (IANS) The federal cabinet Tuesday approved setting up a national electricity fund to provide interest subsidy amounting to Rs.8,466 crore aimed at improving the power ... Read more...
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Power minister to visit Chicago, New York
September 17th, 2011 - 8:32 pm ICT by IANS
New Delhi, Sep 17 (IANS) India's Power Minister Sushilkumar Shinde will leave for Chicago and New York on a five-day official trip starting Sep 19, a statement said Saturday."The minister ... Read more...
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Power Finance Corporation to raise $1 billion fund
August 29th, 2011 - 9:26 pm ICT by IANS
New Delhi, Aug 29 (IANS) State-run Power Finance Corporation has sought an approval from the Reserve Bank of India to raise $1 billion from external commercial borrowings, the Rajya Sabha ... Read more...
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Rural Electrification Corporation’s Q1 net profit up 12.70 percent
August 10th, 2011 - 3:46 pm ICT by IANS
Mumbai, Aug 10 (IANS) State-run Rural Electrification Corporation Wednesday reported a 12.70 percent increase in its net profit for the current fiscal at Rs.661.96 crore as against Rs.587.36 crore in ... Read more...
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Meghalaya to develop chain of small hydro projects
June 5th, 2011 - 6:59 pm ICT by IANS
Shillong, June 5 (IANS) Power-starved Meghalaya has decided to develop a chain of small hydro projects to meet the requirements of this mountainous state, an official said Sunday."We have identified ... Read more...
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Adarsh scam: CBI raids top bureaucrat’s homes, offices (Third Lead)
March 15th, 2011 - 11:07 pm ICT by IANS
Mumbai/New Delhi, March 15 (IANS) Top bureaucrat Jairaj Phatak, allegedly involved with the Adarsh housing society scam, and his family own four flats in Mumbai, a bungalow in Pune, 22 ... Read more...
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Orissa Power embarks on Rs.10,000 crore expansion plan
November 18th, 2010 - 3:46 pm ICT by IANS
Bhubaneswar, Nov 18 (IANS) Orissa Power Generation Corporation Ltd (OPGC) has floated a global tender for expansion of its coal-fired power plant in the state, a company official said Thursday.The company, a ... Read more...
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BGR Energy bags Rs.2,168 crore order
October 25th, 2010 - 5:15 pm ICT by IANS
Chennai, Oct 25 (IANS) Engineering-procurement-construction (EPC) contractor BGR Energy Systems Limited Monday said it has bagged a Rs.2,168 crore (around $485 million) order for balance of plant (power plant equipments other than ... Read more...
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REC gets RBI nod to raises FII stake limit to 35 percent
October 1st, 2010 - 5:01 pm ICT by IANS
New Delhi, Oct 1 (IANS) State-owned Rural Electrification Corporation (REC) said Friday it has got approval from the Reserve Bank of India to raise the foreign institutional investor stake limit in the ... Read more...
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India to generate 1,000 megawatts of solar power by 2013: Abdullah
July 25th, 2010 - 11:02 pm ICT by ANI
New Delhi, July 25 (ANI): India is all set to generate 1,000 Megawatts (MW) of solar power by 2013, in the first phase of the new solar power projects under Indian ... Read more...
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NLC Tamilnadu Power to foreclose REC loan, mulls ECB
May 31st, 2010 - 4:00 pm ICT by IANS
Chennai, May 31 (IANS) To reduce its interest burden, NLC Tamilnadu Power Limited (NTPL) has decided to foreclose its loan account with Rural Electrification Corporation (REC) and go in for a mix ... Read more...
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Disinvestment norms for public sector eased
May 26th, 2010 - 6:22 pm ICT by IANS
New Delhi, May 26 (IANS) The Indian government Wednesday gave its nod to the appointment of merchant bankers and intermediaries to ensure smooth handling of disinvestment in state-run enterprises.
The government has targeted ... Read more...
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Two-year roadmap by March to guide PSU divestments
December 21st, 2009 - 9:06 pm ICT by IANS
Kolkata, Dec 21 (IANS) The government will devise a two-year roadmap by March for divesting its holdings in up to 61 public sector undertakings (PSUs), a top bureaucrat said here Monday. ... Read more...
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REC to fund two power projects in Tamil Nadu
October 10th, 2008 - 8:06 pm ICT by IANS
Chennai, Oct 10 (IANS) The Rural Electrification Corporation (REC) will partly fund -- to the tune of Rs.56.12 billion -- two power projects in Tamil Nadu with a total capacity to generate ... Read more...
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REC enters market with 19.05 percent IPO premium
March 12th, 2008 - 1:17 pm ICT by admin
Mumbai, March 12 (IANS) Equity shares of public sector enterprise Rural Electrification Corporation (REC) were listed at the Bombay Stock Exchange at a premium of 19.05 percent Wednesday, at Rs.125 against its ... Read more...
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