The power sector in India is set for explosive growth following the stated policy objective of the Union government to provide 24x7 power to all households by 2019.
Tag: power sector
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Coal dispatch by CIL to power sector dips 13percent
In view of weak power demand, the dispatch of coal by Coal India (CIL) to the power sector declined by 12.7 per cent to 26.4 million tonnes (MT) in August this year.
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IIFCL seeks Korean investment in Indian infrastructure
With an agenda to attract investment in India, the IIFCL has organised a one-on-one discussion of Indian infra developer with Korean investors. The Korean delegation was led by Kim Kyung Wook, Assistant Minister, Ministry of Land, Infrastructure and Transport, Republic of Korea and Song, Byung Hak, Managing Director, KDB Infrastructure Investment Asset Management Co Ltd.
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FM switches on power plug
The beleaguered power sector will find some respite, if the measures announced are implemented properly.
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Power Finance Corp posts Rs 1,274 cr profit
The Power Finance Corporation (PFC) has stated in a regulatory filing that it has posted 23 per cent jump in net profit at Rs 1,273.79 crore for the three months ended September. PFC, a government-owned company and a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.
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Power sector debts at `972,900 cr
The total outstanding loans from banks/financial institutions (including bonds) for all the utilities in the power sector during the years 2009-10 to 2011-12 stands at Rs Rs 972,900 crore. As per a report by the Power Finance Corporation (PFC), during 2009-10
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Investment: A legacy of perception?
An India-US Infrastructure Fund that was set up in 2010, but with the US recently lodging a formal complaint against India with World Trade Council on entry barriers to companies, things could be on wait-and-watch mode.
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Power sector to get additional gas till 2015-16
The Union Power Minister Jyotiraditya Scindia stated that from 2013-14 until 2015-16, all additional gas would be given to the power sector. The gas offered to fertiliser needs to be supplied, beyond that any additional gas would be given to power sector, Scindia said. An empowered group of ministers (EGoM) headed by Defence Minister AK Antony decided this on August 24.
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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The undisputed leader
PP Gupta, the present promoter of Techno Electric & Engineering Company (TEECL), is an Honours Graduate in Industrial Engineering with Post-Graduation in Management from Indian Institute of Management, Ahmedabad.