Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the completion of OFS on February 11, governmentĂâs equity holding in NTPC has now come down from 84.50 per cent to 75.00 per cent, said the Union Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Rajya Sabha recently.
Category: Power & New and Renewable Energy
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Govt to set up NOWA to boost offshore wind energy projects
Secretary of the Union Ministry of New and Renewable Energy Ratan P Watal has said that a National Offshore Wind Energy Authority (NOWA), under the aegis of the Ministry, will be constituted that will act as the nodal agency for offshore wind energy projects in the country.
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Govt to spend Rs 430 bn on green energy corridor
The Union government plans to spend Rs 43,000-crore on Ăâgreen energy corridorĂâ project to facilitate flow of renewable energy into the national grid. Germany is to assist India in the project with Ă⏠one billion as soft credit.
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JSPL sets up 2.5 mn t capacity in Angul project
A 2.5 million tonne Steel Melting Shop (SMS) and allied unit have been commissioned by Jindal Steel & Power (JSPL) as part of its 6 million tonne per annum (mtpa) greenfield integrated steel project in Angul, Odisha. Dinesh Saraogi, Executive Director of JSPL, Angul Unit said with this landmark achievement, the firm completed the 2.5 mn tpa steel production capacity in the f
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Tunnelling: The big bore
Compared with other countries like China, India has just taken baby steps. But as cities burst at the seams, more hydro projects are sanctioned in the north east and challenging rail projects are underway,
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Woman power at SBI
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.
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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.