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TIRUCHIRAPPALLI: The unit of Bharat Heavy Electricals (BHEL) , engaged in the production of power plant equipment, is eyeing a turnover of Rs 17,251 crore this fiscal, a company official said. In 2011-12, the unit achieved an all-time high turnover of Rs 14,600 crore and contributed almost one-third of...
NEW DELHI: Tata Power, along with South Africa’s Exxaro Resources today launched their joint venture Cennergi (Pty) Ltd that would focus on developing electricity generation projects in the African continent. Cennergi also marks a major overseas foray for Tata Power,India’s largest private power generator. The 50:50 joint venture entity...
AHMEDABAD: Essar Power commenced commercial operations of first unit of 600 MW of Salaya 1. The unit has been synchronised with the state transmission grid and is expected to start commercial production in May 2012. The coal fired Salaya I project, with a total 1,200MW capacity has been set...
MUMBAI: Indian companies, cheering the Presidential decree forcing Coal India to fuel their power stations, face a fresh bout of uncertainty as Indonesia has proposed a 25% tax on coal exports which would make many plants unviable and encourage India to turn to Africa and Australia for fuel. Indonesia’s...
CHENNAI: The stalling of the Kudankulam nuclear power project for nearly six months has not prevented the Nuclear Power Corporation of India, overseeing the controversial project, to surpass all records in electricity generation for the financial year 2011-12. The NPCIL, under which there are 19 nuclear reactors operating across...
KAIGA(KARNATAKA): Nuclear Power Corporation of India Limited (NPCIL), which operates 19 nuclear power reactors, has surpassed its previous electricity generation record of 26473 MU by generating 32,455 MU during the year ending March 31,2012, an increase of about 23 per cent. NPCIL has witnessed a robust growth in the...
MUMBAI: Loss-making Suzlon Energy has sold a part of its wind energy farm for $40 million ( Rs 200 crore) to an undisclosed private utility and plans to divest stake in its components business to raise funds to repay debt, the wind turbine maker said. The deal is expected...
NEW DELHI: Coal India is a government company and its functioning cannot be left to the market and minority shareholders, Coal Minister Sriprakash Jaiswal has said. Brushing aside the criticism that the government was running the Maharatna PSU with a diktat at the cost of minority shareholders, Jaiswal said,...
KOLKATA: Coal India will guarantee fuel supply to only those firms which have contracted power sales for 20 years, significantly reducing its requirement for additional coal, top company executives said after a meeting with ministry officials regarding Tuesday’s Presidential decree. The Presidential directive asked the company to sign fuel...
NEW DELHI: After a Presidential directive, Coal India (CIL) is gearing up to enhance its production in a big way. The board of the biggest coal miner in the country and the heads of its subsidiaries, who met the coal minister Sriprakash Jaiswal on Wednesday, have been told to...