11844 stories by IPA Staff
Power Ministry Eyes 9,20,000 Mu Of Electricity This Year: CEA
NEW DELHI: The Power Ministry has set a target of generating 9,20,000 million units of electricity this year, of which over 1,50,000 million units would come from the private sector alone, says a Central Electricity Authority report. Even as the sector grapples with acute fuel shortages, the power sector...
BHEL To Set Up Fabrication Unit Near Nagpur
NAGPUR: Soon after Bharat Dynamics Limited (BDL) announced its defence hardware unit at Amravati, engineering PSU Bharat Heavy Electricals Limited (BHEL) has also spoken of plans to acquire 300 acres in Bhandara district for a new plant. BHEL is one of biggest power plant equipment suppliers in the country....
BHEL RC Puram Unit FY12 Net Up 38% At Rs 1,838 Crore
HYDERABAD: BHEL RC Puram has recorded a net profit of Rs 1,838 core and revenue of Rs 7,072 crore for the financial year ended March 31, 2012. The unit has achieved a year-on-year growth of 13 per cent in revenues (Rs 6,653 crore) and 38 per cent in profits...
African Company Firestone Energy Rejects Tata Power Bid For 30% Stake
JOHANNESBURG: Exploration company, Firestone Energy, has rejected a bid by Tata Power for a 30 per cent stake in a coal project in South Africa, citing a huge undervaluation of the project, a report has said. Tata had offered R480 million for the stake in the Limpopo venture, which...
5300 MW More Nuclear Power In 12th Plan
NEW DELHI: India plans to add 5,300 MW nuclear power capacity during the 12th Plan period, taking the total contribution of atomic power to 9980 MW to the country’s energy basket. This planned capacity addition includes power from two 1,000 MW units at Kudankulam being built by the Nuclear...
Coal Ministry Not In Favour Of 10% Stake Sale In CIL Subsidiaries
KOLKATA: The coal ministry is not in favour of divesting 10% stake in Coal India’s subsidiaries, as proposed by the divestment department, as it will only infuse more funds into the cash-rich coal giant, a senior ministry official told ET. “We are not in favour of this divestment proposal....
India Demand May Hike Coal Prices Globally
NEW DELHI: The growing demand of coal in the domestic market is likely to push up its international prices. Coal industry experts feel that the prices may go up significantly in near future, driven mainly by the demand in China and India. Coal prices in the international market have...
Coal India May Import Coal To Ensure Adequate Fuel To Power Firms
NEW DELHI: In a bid to meet the obligations of supplying a minimum assured quantity of coal to power producers under the Presidential directive, Coal India (CIL) may resort to imports, its Chairman and Managing Director designate S Narsing Rao today said. “We have to see how much we...
Coal India Will Pass On Cost Of Imports To Power Developers, Says Narsing Rao, New CMD-Designate
Allaying apprehensions of the investors’ community, the new CMD-designate of the world’s largest coal firm, Coal India, S Narsing Rao says the coal miner will pass through cost of imported coal to its consumers in a bid to protect its financial health and investors’ interests. Apart from immediately looking...
Coal Supply Issue Drags, Brace For Power Cuts
NEW DELHI: Power consumers, brace for a hot summer. Notwithstanding Tuesday’s Presidential directive to Coal India to ensure coal supply to power producers, short-term relief is unlikely for domestic and industrial consumers of power, reeling under shortages that are expected to spiral as temperatures soar. “The directive to CIL...
Suzlon mulls Repower stake sale to repay debt
Pune: Loss-making Wind turbine maker Suzlon Energy is considering a stake sale in its wholly-owned subsidiary REpower Systems SE, reports say. Repower is based in Hamburg, Germany, and manufactures onshore and offshore wind turbines with installation of around 3,600 wind turbines around the world. Suzlon had acquired Repower at...
Suzlon mulls REpower stake sale to repay debt
Pune: Loss-making Wind turbine maker Suzlon Energy is considering a stake sale in its wholly-owned subsidiary REpower Systems SE, reports say. Repower is based in Hamburg, Germany, and manufactures onshore and offshore wind turbines with installation of around 3,600 wind turbines around the world. Suzlon had acquired Repower at...
Jewellers call off strike
New Delhi: With the finance ministry likely to roll back the proposed excise duty on unbranded jewellery, jewellers ended their 21-day strike on Friday. Though there was no official word, industry representatives were upbeat after a late afternoon meeting with finance minister Pranab Mukherjee. Central Board of Excise and...
Axis-Enam passes RBI litmus test
MUMBAI: The Reserve Bank of India, or RBI, has approved Axis Bank’s purchase of Enam Securities, ending a 17-month wait and paving the way for the private bank to expand its business to include investment banking and other advisory services. “The Reserve Bank of India has cleared the deal...
Bad Loans Spark Bank Downgrades
MUMBAI: Distressed borrowers are taking a toll on the credit profiles of Indian banks with almost half a dozen lenders being downgraded by rating agencies in recent weeks. Given that most public sector banks have similar credit profiles, analysts tracking the banking sector are asking, “Who’s next?” In the...
All Drug Bodies For Market-Based Pricing
MUMBAI: It’s rare to find three industry associations, each holding divergent views, to come together on a controversial issue. But for the first time probably in years, three pharma associations – Indian Pharmaceutical Alliance (IPA), Indian Drug Manufacturers’ Association (IDMA) and Organisation of Pharmaceutical Producers of India (OPPI) have...
Tax Order Could Help FIIs Using Mauritius Route
NEW DELHI: Foreign institutional investors (FIIs) using the Mauritius route may have earned some leeway to block tax demand from Indian revenue authorities. The Mumbai Income Tax Appellate Tribunal has held that these FIIs can get a tax offset on their profit against other losses now, even if they...
To Boost Manufacturing, Planning Commission Panel Moots Land Acquisition Regulator
NEW DELHI: As acquiring land for manufacturing industries becomes an issue of discord between various stakeholders, a Planning Commission committee has suggested setting up an independent regulator to lay down guidelines for such acquisitions. To determine the value of land for industrial purposes, which is mostly the primary cause...
