Page 14 - Power Sector

Private sector's cost efficiency drive aiding Siemens' profitability

Acquisition of C&S Technologies is seen margin accretive and will augment exports

India's power consumption grows marginally by 0.88% in February

The reason was a slight rise in temperature in the month, official data showed

Eight core industries' output up 0.1% in January

The rise came on the back of growth in the production of fertiliser, steel and electricity

Centre cannot charge GST on power services: Rajasthan High Court

Power distribution services draw zero GST rate since they fall under the negative list of services released by the Union government in 2017

Jindal Power appoints former Coal India head as new Chairman

Jindal Power Ltd (JPL) on Monday announced the appointment of former bureaucrat Anil Kumar Jha as its Chairman. A veteran of the mining industry, Jha isformer chairman of Coal India Limited, JPL said in a statement. JPL is a subsidiary of steel maker Jindal Steel & Power Limited (JSPL), Jha brings with him rich a experience of over three decades in the field of mine planning, production, management, supervision, direction and control of underground as well as open cast mines, the statement said. On Jha's appointment, JSPL Chairman Naveen Jindal said: "We welcome Anil Kumar Jha to the JPL family. We are confident that with his vast experience, JPL will continue to scale new heights and contribute towards a self-reliant India. We wish him great success at JPL." Jha is a mining graduate, he also holds an M.Tech degree from Indian School of Mines, Dhanbad. He started his career with Coal India as a Junior Executive (Trainee) at Topa Colliery in Central Coalfields Limited (CCL) in ..

TERI, POSOCO sign MoU to encourage research in domestic power sector

Preparation of joint reports and capacity building of state utilities is also part of the MoU

Private power generating companies seek sops on electricity export

Citing strategic advantage over China, the gencos have asked the Centre to consider influence over neighbouring countries through energy exchange

Dealing a blow: Green policy flip-flops spook foreign investment firms

Centre calls a meeting between states, PEs, funds

Policy and regulatory framework for discoms in the offing, says PM Modi

PM Modi said the government is focused on reaching every village and every household as India is now a power surplus country

Policy and regulatory framework for Discoms in the offing: PM

Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution sector and a policy and regulatory framework for Discoms is in the offing

Statsguru: Six charts explain India's energy future amid Covid-19 pandemic

In a situation without Covid-19, India was envisioned to have a strong power demand in the coming decade

Budget proposal puts onus on states to fund, get discoms back in shape

Budget's Rs 3 trillion scheme expects states to submit action plan, get results

Power Finance Corporation net up 17% at Rs 3,963 cr in Dec quarter

The firm posted a 17 per cent jump in its consolidated net profit at Rs 3,963.18 crore for the quarter ended in December

Power Mech Projects secures four orders worth Rs 1,068 crore

Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The company has received the Letters of Award for the works worth Rs 1,068.36 crore, a regulatory filing said. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh. It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.

Moody's upgrades power sector outlook to stable on generation uptick

For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

New Bill set to amend the Electricity Act, end licence raj in power supply

Electricity Bill, 2021, will be tabled in the ongoing session

Tata Power third quarter net profit soars 22% to Rs 318 crore

The jump in profit came on the back of higher revenues

FinMin allows Andhra to borrow addl Rs 1,515 cr for power sector reforms

Madhya Pradesh has also undertaken reforms in the power sector

Adani Transmission December-quarter net profit up 128% at Rs 464 cr

Adani Transmission on Thursday posted a nearly 128 per cent rise in consolidated net profit at Rs 464 crore for the quarter ended December 2020. The consolidated net profit of the firm stood at Rs 204 crore in the quarter ended December 31, 2019, it said in a BSE filing. Total income dipped to Rs 2,734.04 crore in the quarter from Rs 2,835.72 crore in the same period a year ago. Gautam Adani, Chairman Adani Group, said, "The Power & Transmission sector has seen tremendous progress over the last two decades. Today, Government initiatives such as Saubhagya and the emphasis on renewables have significantly expanded electricity access." The next two decades promise to usher in new opportunities for the sector based on the resurgence of the economy post the pandemic and a positive investor outlook. Adani Transmission is fully equipped to co-create a future in line with the needs of a nation at the cusp of global renewable energy leadership, he added. Anil Sardana, MD and CEO, Adani ...