IPA Special

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...

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >

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....

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >

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...

Apr 7 · >