GDP growth will return to 9 percent: Moily
September 18th, 2012 - 9:28 pm ICT by IANS
Mumbai, Sep 18 (IANS) Power Minister Veerappa Moily Tuesday said that the country's GDP growth would soon return to 9 percent as the power sector is set to deliver a ... Read more...
Posted in Politics |
PM should answer why coal blocks were not auctioned: Yechury
August 23rd, 2012 - 7:15 pm ICT by IANS
New Delhi, Aug 23 (IANS) Communist Party of India-Marxist (CPI-M) leader Sitaram Yechury said Thursday that the CAG report showed that "crony capitalism of the worst order" was being ... Read more...
Posted in Politics |
BGR Energy confident of bagging new orders
August 4th, 2012 - 1:58 pm ICT by IANS
Chennai, Aug 4 (IANS) City based engineering-procurement-construction (EPC) company, BGR Energy Systems Ltd., targeting a revenue of Rs.3,750 crore this fiscal, is confident of beefing up its order book position ... Read more...
Posted in Business |
Power will return by 7-7:30 p.m.: Power Grid
July 31st, 2012 - 7:12 pm ICT by IANS
New Delhi, July 31 (IANS) Most places affected by the failure of three power grids in the country will get back power by 7-7:30 p.m., Power Grid Corp of India ... Read more...
Posted in Uncategorized |
Allahabad Bank Q1 net profit jumps 23 percent
July 30th, 2012 - 6:01 pm ICT by IANS
Kolkata, July 30 (IANS) State-run Allahabad Bank Monday reported a 23 percent jump in net profit at Rs.5.14 billion in the quarter ended June 2012 from Rs 4.18 billion in ... Read more...
Posted in Business |
CEA to help state power utilities become energy efficient
July 26th, 2012 - 6:13 pm ICT by IANS
Hyderabad, July 26 (IANS) The Central Electricity Authority (CEA) is drafting a scheme to help state power utilities with interest subsidy or additional electricity allocation to enable them meet energy ... Read more...
Posted in Business |
Slow growth, high interest could impede loan growth: HSBC
April 12th, 2012 - 6:31 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday said India's slow growth rate and high interest rates could hurt loan growth in the country going ahead."I think we ... Read more...
Posted in Business |
Allow consumers to choose electricity source: CII
October 30th, 2011 - 3:06 pm ICT by IANS
New Delhi, Oct 30 (IANS) To ensure uninterrupted power supply, reforms like implementation of "open access", allowing consumers to procure power directly from power generators, should be introduced, an industry ... Read more...
Posted in Uncategorized |
Power regulators mull higher tariff during peak hours
November 29th, 2010 - 1:36 pm ICT by IANS
Chennai, Nov 29 (IANS) Central and state electricity regulators are looking for ways to reduce demand during peak hours, including charging higher tariff, an official said.At a meeting of the chairmen of ... Read more...
Posted in Business |
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...
Posted in Business |
KKN Group forays into steel industry
August 25th, 2010 - 9:13 pm ICT by IANS
Kolkata, Aug 25 (IANS) City-based KKN Group has forayed into the steel making, acquiring Balaji Ispat Pvt. Ltd, a top company official said here Wednesday.
"Fortunes of this (steel) industry is expected to ... Read more...
Posted in Business |
Rural Electrification Corp looks at equity investments
February 15th, 2010 - 8:08 pm ICT by IANS
Chennai, Feb 15 (IANS) The state-run Rural Electrification Corp, which funds and promotes projects that mainly target the hinterland, proposes to turn into an equity investor in thermal plants and enter distribution ... Read more...
Posted in Business |
Don’t promise freebies, industry tells parties
March 25th, 2009 - 4:38 pm ICT by IANS
New Delhi, March 25 (IANS) The Associated Chambers of Commerce and Industry of India (Assocham) has urged political parties to refrain from offering free power and foodgrains like wheat and rice at ... Read more...
Posted in Politics |
Bhel to invest Rs.200 bn on expansion, diversification
December 12th, 2008 - 6:21 pm ICT by IANS
Chennai, Dec 12 (IANS) Power equipment major Bharat Heavy Electricals Ltd (Bhel) will pump in around Rs.200 billion (Rs.20,000 crore) on brownfield expansions and joint ventures, said a top company official. "We ... Read more...
Posted in Uncategorized |
Bharat Heavy Electricals to focus on 800-MW super-critical boilers
December 11th, 2008 - 8:24 pm ICT by IANS
Tiruchirappalli (Tamil Nadu), Dec 11 (IANS) State-owned power equipment producer Bharat Heavy Electricals Ltd (BHEL) will train its focus on manufacturing and selling 800-MW super-critical boilers, a top official said here Thursday. ... Read more...
Posted in Business |
Kerala sticks to its stand, would not split power board
September 27th, 2008 - 9:47 pm ICT by IANS
Kozhikode, Sep 27 (IANS) Kerala Electricity Minister A.K. Balan Saturday said the state government will stick to its decision to restructure the Kerala State Electricity Board (KSEB) into a single company ... Read more...
Posted in Business |