Mar 08, 2018 09:48 AM IST
The power minister has said that State Bank of India is "worried" about its exposure to the Mundra power projects of both Adani Power and Tata Power. He also went on to express concerns over stressed assets in the power sector as a whole. In an interview to CNBC-TV18, Sunil Srivastava, Deputy MD of SBI spoke about the same.
- Dec 05, 2017 04:36 PM IST
Seven plants will be brought on the stream as soon as Shakti takes effect. Shakti auction has happened, coal mines have been allotted, now some signature was pending with the Coal India Ltd. If they have signed then that will take seven more of (the projects), RK Singh, MoS, Power & Renewable Energy said.
- Apr 11, 2017 01:09 PM IST
The Supreme Court today set aside the CERC order of allowing compensatory tariff given to Tata Power and Adani Power on the grounds of force majeure.
- Apr 07, 2016 12:51 PM IST
Contrary to the market's perception of an APTEL order that is said to have struck down compensatory tariff for Tata Power and Adani Power, Anil Sardana, MD of the former says the market has got it wrong and termed the order a "vindication" for the company.
- Mar 31, 2015 12:48 PM IST
Adani had sought to raise arguments of "force majeure" and "change in law" with respect to change in Indonesian coal laws, saying it had affected its cost of coal
- Mar 09, 2015 10:21 AM IST
Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant
- Aug 26, 2014 01:28 PM IST
Ranjan Dhawan does not think the impact of SC ruling will be too profound, but feels investors should wait and watch.
- Mar 04, 2014 10:55 AM IST
According to Jain, CERC's authority had already been upheld by APTEL and the Supreme Court.
- Feb 25, 2014 12:42 PM IST
SL Bansal, chairman and managing director, Oriental Bank of Commerce, says the bank won't convert any loans to bonds for dicoms in Q4.
- Feb 25, 2014 11:39 AM IST
RG Gupta said much depends upon the specific conditions under which the hike was allowed by the CERC and the kind of agreement that they had entered into with the power gencos.
- Feb 24, 2014 11:27 AM IST
CERC has allowed gross compensatory tariff of Rs 0.85 / kWh against Gujarat PPA (vs Deepak Parekh committee recommendation of Rs 0.89 / kWh) and Rs 0.36/kWh against Haryana PPA (vs Deepak Parekh committee recommendation of Rs 0.41 / kWh).
- Jan 21, 2014 01:08 PM IST
In the last 6-8 months, fair and remunerative price (FRP) had gained momentum, due to which the dependence of these distribution companies (DISCOMs) on banks funding had reduced substantially.
- Oct 09, 2013 02:02 PM IST
The Deepak Parekh panel has already recommended a compensatory tariff of 45-55 paise for Tata Power's 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for Adani Power's 4,620 MW Mundra plant.
- Jun 24, 2013 12:00 PM IST
Representatives of power and distribution companies will unanimously decide the quantum of tariff increase from power plants being fed with expensive imported coal.
- Apr 25, 2013 04:15 PM IST
Salil Garg of India Ratings said, â€œOnly on those power generators or those new Independent Power Producers (IPPs) who are not operating on the cost plus model and those who have either bid on a fixed price basis and they are unable to pass through the increased cost of the imported coal back to the consumers, will be impacted by this decision.â€
- Apr 04, 2013 10:58 AM IST
Adani power sees less likelihood of any further litigation on Central Electricity regulatory Commission's order, which proposes to provide compensatory tariff to the company for the power purchase agreements with Gujarat and Haryana.
- Apr 03, 2013 03:56 PM IST
After providing a relief to Gujarat based-Adani Power, Central Electricity Regulatory Commission (CERC) is likely to come up with an order on the similar tariff hike petition by Tata Power and Reliance Power in 10 days.
- Feb 25, 2013 06:56 PM IST
Pramod Deo, chairperson, CERC, says that the hearing process is complete and the orders on petitions moved by Tatas and Adanis seeking higher tariff for electricity generated from their imported coal-fired projects in Gujarat will be announced soon.
- Feb 07, 2013 04:34 PM IST
"Power stocks are underperforming due to routine profit booking," says Harshavardhan Dole, analyst, IIFL in an interview to CNBC-TV18. Dole expects the power sector to perform well over the 6-12 months, as the sector heads into recovery.
- Dec 03, 2012 04:19 PM IST
The Adani group completed its coal mining exploration programme at the Carmichael mine project in the Galilee basin in Australia. The company said that the project had estimated coal reserves of up to 10 billion tonnes at the mine.
- Feb 07, 2012 11:26 AM IST
Prabal Banerjee, chief financial officer of Adani Power speaks to CNBC-TV18 about the bad numbers in Q3 and the way ahead for the company.
- Nov 11, 2011 02:21 PM IST
In an interview to CNBC-TV18, Prabal Banerjee, CFO of Adani Power says it is now time for the State Electricity Board's (SEBs) to increase the power tariff. After reporting its Q2 results, talking about the pressure seen due to high coal prices, Banerjee says the power prices will have to move up to accommodate the rising costs.
- Jul 12, 2011 10:54 AM IST
Prabal Banerjee, CFO of Adani Power tells CNBC-TV18 that if the merger with Growmore Trade and Investment, Mauritius was done post the three phases of Tiroda going on stream, APL shares could have seen higher dilution.
- Jun 29, 2011 03:40 PM IST
In an interview with CNBC-TV18, Ravi Sharma, CEO of Adani Power said that coal shortage is a national issue and not an individual company's concern. He added that companies without integrated business model are likely to be affected by the shortfall.
- May 09, 2011 04:22 PM IST
In an exclusive interview with CNBC-TV 18's Gautam Broker and Reema Tendulkar, chief financial officer Prabal Banerji said the plant load factor (PLF)across all units was than 91% in the previous quarter. He also added, the company has steady cash reserves for the next 25 years to come.