11844 stories by IPA Staff
NTPC Floats Bids For 5mt Coal Imports
KOLKATA: India’s largest thermal power producer, NTPC Limited has invited bids for import of five-million tons of coal for fuelling its 13 plants across the country. Bid documents will be issued until April 25, and coal imports would be through international competitive bidding for several supply packages. The power...
NTPC To Cross Generation Target In Current Plan, Says CMD
KOLKATA/ANGUL: The utility major National Thermal Power Corporation Limited (NTPC) has expressed confidence to cross its power generation target during the 12th five year plan. “We are confident to produce about 13,000MW of additional power during the current plan period as against the target of 11500 MW,” said Chairman...
AP Genco Turnover Up 25 Per Cent
HYDERABAD: AP Genco has achieved a turnover of Rs 11,381 crore for 2011-12, up 25 per cent over last year. Thereby, it has become a $ 2.2 billion plus State-owned power utility. The corporation achieved a net profit of Rs 401 crore, up 28 per cent, mainly due to...
Tecpro Systems Bags Orders Worth Rs 297 Crore
MUMBAI: Tecpro Systems, an engineering, procurement and construction (EPC) company, today said it has bagged orders worth Rs 296.90 crore from Abhijeet Projects and NTPC. The company said in a BSE filing that it has received orders aggregating to Rs 296.90 crore from Abhijeet Projects and NTPC. The order...
Alstom T&D Bags Rs 150 Crore Order From Jaypee Group
NEW DELHI: Alstom T&D India said it has received a Rs 150 crore from Jaypee Group for supply of high voltage power transformers. The scope of work includes designing, manufacturing, supply, erection, testing and commissioning of 765 kV generator transformers, interconnecting transformers, lines and bus reactors, Alstom T&D India...
Business As Usual At Kalpakkam N-Plant
MUMBAI: Routine operations at the 440-Mw Kalpakkam plant in Tamil Nadu were normal on Wednesday, after a major earthquake in Indonesia, the Nuclear Power Corporation (NPC) said. It added there was no need to either stop the generation or shut the plant after the east Asian nations and India’s...
Difficult To Achieve 2020 Atomic Power Capacity Target: B K Chaturvedi
NEW DELHI: Questions raised over its viability and security will delay the capacity addition of nuclear power generation, making it difficult to achieve the targetted 20,000 MW by 2020, says a Planning Commission Member. “The pace at which we are progressing I will be surprised if we reach 20,000...
CCEA To Consider New Royalty Regime For Coal, Lignite
NEW DELHI: A move that would benefit mineral-rich states significantly, the Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a new royalty regime for coal and lignite. Royalty for coal and lignite has been proposed to be shifted to an ad-valorem rate of 14 per cent...
Coal India May Raise Prices On The Children’s Investment Fund's Pressure
KOLKATA: Coal India plans to raise prices of some grades of coal after a review at the end of this month but the increase would not be steep, top company executives told ET. “The CIL management is likely to finalise the issue of fuel supply agreements (FSAs) in the...
Narsing Rao To Attend CIL Board Meeting As Special Invitee
NEW DELHI: S Narsing Rao, CMD designate of Coal India Ltd (CIL) will attend as special invitee the company’s board meeting which has been called on April 16 to consider the model agreement with power producers for assured fuel supply as per the government directive. “Rao has been asked...
NLC's JV For Rs 10k Crore UP Power Project Likely To Be Approved
NEW DELHI: The government is likely to approve state-run Neyveli Lignite Corporation’s proposed joint venture to set up a Rs 10,000 crore thermal power project in Uttar Pradesh. The Cabinet may consider granting approval to Neyveli Lignite Corporation for formation of a joint venture to set up a 1980...
Coal India Fuel Pacts Mean Subsidy To Private Companies: TCI
NEW DELHI: British hedge fund TCI, a minority shareholder in Coal India (CIL), today alleged that directing the coal PSU to sign fuel-supply pacts with power producers would amount to “direct transfer” of $19 billion to the private sector. In a presentation made to Coal India board which is...
Presidential Decree To Coal India Not In Public Interest, Says TCI
MUMBAI: The Children’s Investment Fund (TCI), the largest minority shareholder in Coal India Ltd (CIL), has rubbished the government’s argument that it was acting in public interest while directing the state-controlled miner to sign fuel supply agreements (FSAs) at throwaway prices. The London-based hedge fund also called for the...
IAF's Mirage Jets To Start Flying By Month End
After remaining grounded for more than a month, the Mirage 2000 aircraft fleet of the Indian Air Force (IAF) is expected to resume flying operations by the end of this month, Air chief Marshal N A K Browne said here today. India’s fleet of the frontline Mirage 2000 fighter...
India Watchful Of China's Military Rise
China’s military might now clearly dominates India’s defence policy, which has raised concern over Beijing making inroads into our immediate neighbourhood. Noting that China has upgraded it’s military force projection against India through rapid modernisation, the Defence Ministry on Monday said the country was ‘conscious and watchful’ of Beijing’s...
Rafale Deal Being Probed, Says Antony
KOCHI: Defence minister A K Antony said on Wednesday that allegations raised by Mysura Reddy, a former TDP member in Rajya Sabha, against the purchase of medium multi-role combat aircraft from French firm Rafale are being looked into. A final decision will be taken only after the probe is...
Another Round Of Nag Trials In June-July
HYDERABAD: With Rajasthan deserts providing one of the worst testing environments, yet another round of trials, perhaps the last, will be conducted in June-July 2012 of the anti-tank Nag missile and more importantly its specially designed carrier, NAMICA. Although the third generation missile with “top attack and fire and...
No Official Note So Far To Call Service Chiefs: House Panel
NEW DELHI: The confusion swirling around the issue of India’s defence readiness has deepened with the chairperson of Parliament’s standing committee on defence, Satpal Maharaj, issuing a press release on Wednesday that sought to deny earlier media reports on the summoning of the three service chiefs to brief the...
