Ipp

As power projects have become more and more intricate along with their ever-increasing cost overruns, both IPPs and contractors have become increasingly cautious about committing to lumpsum turnkey EPC contracts. IPPs are now exploring alternative strategies to retain contractor involvement while ensuring the economic viability of their most substantial projects

Suzlon bags 226.8 MW wind power project in Andhra Pradesh

Wind Turbine maker Suzlon Group today said it has won a 226.8 mega watt wind power project from an independent power producer (IPP) in Andhra Pradesh.

Suzlon Energy gains 3% on 58.80 MW order win from IPP

The project includes 28 units of S97-120 m hybrid towers with rated capacity of 2.1 MW each and is scheduled for completion by March 2017.

Targeting revenue growth of Rs 1500cr: Power Mech

In an interview to CNBC-TV18, Kishore Babu of Power Mech explains why the company is expecting to see a slump in FY16 revenues.

Power woes: Coal issue resolved, Modi govt must now do this

The fall in Indian power producers' consumption of costly imported coal is a key credit positive for the power sector and independent power producers (IPPs), says Moody's Investors Service.

Power firms face huge under recovery in fuel cost: ICRA

The government has so far auctioned 33 blocks in two tranches garnering over Rs 2 lakh crore, a figure surpassing the Comptroller and Auditor General's estimates of losses of Rs 1.86 lakh crore on account of allocation without auction of mines.

Bull or bear: Is BHEL about to enter a cyclical upturn?

Over the past six months, BHEL stock has risen about 33 percent, compared to an 18 percent gain for the Sensex while the stock has jumped over 80 percent of the past year, compared to a 30 percent rise for the benchmark.

Urea makers stare at delayed subsidies, gas trouble: CRISIL

While the SBA does provide temporary respite to fertiliser manufacturers in the form of cash-flow relief and lower interest burden, CRISIL believes the problem of under-budgeting, especially when the urea subsidy bill is likely to bloat in the next fiscal, will need to be addressed.

Alstom T&D up 4% on raising Rs 279 cr via IPP issue

IPP issue was subscribed 2.5 times on support from FIIs and long only funds. Promoters sold 1.69 crore shares through this issue at Rs 165 apiece.

Fund mop-up via institutional investors rises to Rs 5,401cr

According to a report by Prime Database, companies mopped-up a total of Rs 5,401 crore via institutional investors during the six-months ended September 30, 2013, as compared to Rs 1,243 crore raked in the year-ago period.

Intense competition to limit growth potential of solar IPPs

Solar power projects under different state policies have been competitively bid and awarded at a tariff of about Rs. 6.5 per unit. This levelised tariff is significantly lower than Rs. 9.4 per unit, a level we believe is required to achieve reasonable equity internal rate of return (IRR) of, say, 16 per cent: CRISIL.

Gas price hike to impact fertiliser cos: India Ratings

India Ratings & Research (Ind-Ra) expects the operating profitability of urea manufacturers to decline significantly post the recent revision in gas prices to USD8.4/mmbtu from USD4.2/mmbtu, primarily due to lower operating profits from sales above the cut-off quantity.

Can meet Sebi norm in 3-6 months, prefer OFS: Omaxe

Mohit Goel of Omaxe told CNBC-TV18 that the company shall go for an OFS or IPP to dilute its stake for meeting SEBI's norms on public shareholding. The company had failed to do it meet the June 3 deadline.

Puravankara's IPP oversubscribed 1.5 times

Realty firm Puravankara Projects' offer to sell 2.37 crore shares to institutional investors was today oversubscribed 1.5 times, helping the company raise around Rs 201 crore.

Puravankara Projects IPP issue opens, shares down 6.5%

Institutional placement programme (IPP) issue of Bangalore-based real estate company Puravankara Projects has opened for subscription today and will close tomorrow.

DLF gains over 2% on IPP response

DLF was quoting at Rs 235.75, up Rs 5.45, or 2.37 percent at 11:03 am. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60. The stock gained over 2 percent after a strong response to its Institutional Placement Programme yesterday.

DLF's IPP subscribed twice asking amount

The response to DLF‘s Institutional Placement Programme (IPP), has been understood to be twice the asking amount already. DLF shares have been bought by mostly foreign institutional investors (FII). This institutional placement programme is to pare DLF‘s debt to meet Sebi guidelines of having a 25 percent minimum float by the month of June.

Mahindra Holidays IPP price band fixed at Rs 255-265

Mahindra Holidays & Resorts India Institutional Placement Programme (IPP)of equity shares would open for subscription on April 09, 2013 and close on April 09, 2013.

Puravankara Proj to raise Rs 450 cr via IPP, shares up 3.5%

The Bangalore-based real estate firm Puravankara Projects (PPL) jumped as much as 3.5 percent intraday on Wednesday as the company plans to raise around Rs 450-500 crore through the institutional placement programme or IPP.

RCF to invest Rs 4,112 crore to expand urea capacity

Public sector fertiliser major Rashtriya Chemicals & Fertilisers Ltd (RCF) today said it has embarked on a major expansion at its Thal unit at a cost of Rs 4,112.5 crore.

NTPC, Oil India issues may do well: Kotak Invst Banking

V Jayasankar of Kotak Investment Banking says he expects NTPC and Oil India issues to be successful.

Fortis Healthcare considers IPP for stake sale: Source

Fortis Healthcare is mulling an Institutional Placement Program for sale of 8% of its stake and the company may use funds to retire debt, reports Aakansha Sethi of CNBC-TV18.

Sebi amends rules to allow fresh promoter stake sale routes

Market regulator Sebi today amended its rules to allow promoters to use rights and bonus issue of shares for dilution of their stake to meet minimum public holding norms, and said it would consider any further relaxation in this matter on case by case basis.

Sebi allows firms to tap bonus, rights routes

Providing more routes to firms finding it tough to attain minimum 25 per cent public holding, Sebi today allowed them to dilute shares through two more avenues, bonus shares and rights issue, and hinted that further leeway could be provided on a case-to-case basis.

Godrej Ind's Rs 400 cr IPP issue gets 1.67 times demand

Godrej Industries today successfully completed its Rs 400-crore rights issue through the institutional placement programme (IPP) of 15.67 million shares, which got over-subscribed 1.67 times.