The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC). This SPV will operate stressed assets in the thermal power space.

Central government to create SPV to operate stressed assets in thermal power space

The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).

Have communicated our claim to PNB with regards to Nirav Modi fraud: SBI

The four-day, Kotak Institutional Equities-Chasing Growth Conference is underway in Mumbai. In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI), from the sidelines of the conference, spoke about the latest happenings in SBI and also shared his views on the fraud at Punjab National Bank (PNB).

Expect electricity demand to go up in near future: Power Secy

The power sector is in focus as statements from the power minister indicate that electricity tariffs across India could rise by between 62 paise and 93 paise per kilowatt-hour during the first year of upgrading coal-fired power plants to make them desulphurised.

Expect earnings to improve due to fastrack orders: NCC

"We are looking at further reduction of finance cost and for that, we are talking to banks to restructure working capital loan," YD Murthy, Executive VP-Finance of NCC said.

Expecting pick-up in demand in Q3, Q4: NTPC

For FY18, NTPC’s commissioning target is 5,438 megawatt (MW), Kulamani Biswal, Director-Finance at NTPC said.

Power Grid to benefit from last mile connectivity; like CESC: IIFL

In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of Transformers and Rectifiers India and Harshvardhan Dole of IIFL spoke at length about the 'Saubhagya' scheme.

Are low solar power prices sustainable? Here's what Piyush Goyal thinks

In an exclusive conversation with CNBC-TV18, Power Minister Piyush Goyal spoke about the government's solar mission.

Expect improvement in power consumption in FY18: NTPC

In an interview to CNBC-TV18, Gurdeep Singh, CMD of Natinoal Thermal Power Corporation (NTPC), spoke about the latest happenings in his company and sector.

Steel Min asks SAIL to oversee Monnet Ispat stake sale: Sources

The Steel Ministry has asked the Steel Authority of India (SAIL) to evaluate taking over Monnet Ispat, sources close to the development told CNBC-TV18.

K'taka to have excess power of over 1500 MW next year: Minister

JSW Energy signed a short-term power purchase agreement with Karnataka State Electricity Board. DK Shivakumar of the Energy Department at the Government of Karnataka speaking to CNCB-TV18 confirmed the news saying the government has tied up with the company for 600-750 MW of power.

Expect reasonable business growth from metro project:Cords Cable

In an interview to CNBC-TV18, Naveen Sawhney, MD of Cords Cable spoke about the latest happenings in his company and sector.

Demand slow; UDAY benefits will take time to accrue: NTPC

Power demand is slowing down says Kulamani Biswal, Director-Finance at NTPC who believes it will take some time before the benefits of the government‘s Ujwal DISCOM Assurance Yojana (UDAY) scheme starts bearing fruit.

Plan to add more capacity, raise Rs 30,000 crore in FY17: NTPC

NTPC, while adding more capacity in coming years, is planning to raise Rs 30,000 crore to fund its capex plans, says Kulamani Biswal, Director - Finance of the company.

To allocate 16 coal blocks to meet MSME sector demand: Coal Secy

Eight out of the 16 mines will be allocated to the host states (where the mine is located) and the balance will be for non-host states, Coal Secretary Anil Swarup said.

See order growth; margins to be in double-digits: Transformers

The company reported 51.8 percent rise in total income to Rs 248 crore and operational efficiency improved to Rs 28 crore. The EBITDA margins expanded to 11.1 percent.

Board gives green signal to investment in 2 solar projects: NTPC

One, situated at Rajasthan, while the other in Madhya Pradesh, are expected to be commissioned by March 2017, said AK Jha, Director-Technical at NTPC.

Expect a better Q4; UDAY scheme to aid growth: NTPC

Speaking to CNBC-TV18, Kulamani Biswal, Director Finance, NTPC said over supply of low cost power hampered Q3 growth.

Why state coal mining order is not a gamechanger

Partha S Bhattacharyya, Former Chairman, Coal India believes that giving away a highly skilled activity like mining to incompetent agencies might not serve any real purpose.

Badarpur shut down order a boon in disguise: NTPC

The committee has given the company until December 15 to explain its high emission levels.

Will new Dabhol revival plan work? Experts discuss

IDBI Bank deputy MD BK Batra says RLNG facilities will be demerged into a separate SPV. "They needed additional investment for the capacity to be fully used to 80 cargos. It cannot be done unless break water facilities are there," he says

Ratnagiri Gas & Power still a standard asset: IDBI

BK Batra, executive director and group head-corporate banking, IDBI Bank says the lender banks-SBI, IDBI and ICICI- hold 24 percent equity of Ratnagiri Gas and Power Private Limited.

To meet sales target, bottomline growth a challenge: Hitech

Sunil Gutte of Sunil Hitech Engineers is confident of meeting sales target for the current fiscal. However, expansion of bottomline remains a major challenge for the company

NTPC to seek clarity from SC for cancelled coal mines

Arup Roy Choudhury, CMD of NTPC declined to commend on the CERC norms since the matter is sub judice.

Not in a hurry to sell 12MW solar power plant: Ujaas Energy

In an interview to CNBC-TV18, Anurag Mundra, joint MD & CFO of Ujaas Energy, said the company has set up the 12 MW capacity as part of its tax planning. It has also been earning revenues from the plant.