After Chanda Kochhar and Shikha Sharma, another woman is going to head a bank. Arundhati Bhattacharya has been appointed as the first woman Managing Director of SBI.
Category: Power & New and Renewable Energy
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Cairn to invest $3 bn
Cairn India is hoping to ramp up crude production in the Barmer blocks from the current 1,80,000 bpd to 210-215,000 bpd by the end of the current fiscal.
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PGCIL stake sale
The board of Power Grid Corporation of India (PGCIL) cleared a proposal to sell 15 per cent stake through Follow on Public Offer in order to raise funds for its investment plans.
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Lanco to recast Rs 90 bn debt
In view of the challenging economic condition, Lanco Infratech approached corporate debt restructuring (CDR) cell to recast its Rs 9,000-crore debt. Of the Rs 9,000-crore debt, Rs 4,000 crore is fund-based exposure and Rs 5,000 crore non-fund-based.
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WB gets Centre’s aid for solar PV projects
The West Bengal Renewable Energy Development Agency has received financial assistance from Ministry of New And Renewable Energy for various off-grid solar photovoltaic systems and power projects.
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Orissa to bring in solar policy
To promote solar power production in Orissa, the state government has decided to formulate a solar policy soon. The policy will help streamline production, utilisation and management of solar energy in the state
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Jindal power to expand
Jindal Power (JPL), the energy wing of Jindal Steel & Power which owns and operates a 1,000 MW (4x250) thermal power station in Tamnar, Chhattisgarh, is taking up an expansion project at an estimated cost of Rs 13,500 crore.
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GAIL’s wind power plans
GAIL (India) is planning to set up wind power projects with an aggregate capacity of 100 MW in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan, Karnataka and Andhra Pradesh.
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Railywas captive nuke plants
To meet its rising demand of energy for train operations, the Indian Railways is actively considering setting up captive nuclear power plants.
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KEC secures pgcil contracts
Power Grid Corporation of India (PGCIL) awarded a Rs 318 crore contract to KEC International (KEC) for supply and erection of a 765 kV double circuit transmission line between Aurangabad-Padghe in Maharashtra.