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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
VISAKHAPATNAM: Exactly a week after the 8,140-tonne nuclear-powered attack submarine INS Chakra was inducted into the Indian Navy on a 10-year lease from Russia, a brazen attempt was made to steal key documents pertaining to the submarine from a star hotel here on Wednesday. Police are trying to trace...
NEW DELHI | MUMBAI: India Hospitality Corp, the owner of Mumbai eateries Jazz by the Bay and All Stir Fry, has bought UK’s Adelie Food Group, which supplies quiches, salads, sandwiches and assorted ready-toeat food to retail chains such as Starbucks coffee and Sainsbury’s supermarkets, for $350 million from...