Power Business

Record performance in March 2021 quarter likely, Oman divestment is expected to close by March

Bajaj Hindusthan to seek shareholders' nod to sell power biz

Bajaj Hindusthan Sugar will seek shareholders' approval for proposed sale of its co-generation power business to group firm Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 crore.

Lanco shortlists 4 players for mega power business stake

The Lanco Group has short-listed four players, including Tata Power, JSW Energy and Piramal Enterprises, among those that are interested in buying its power assets.

Hope to maintain 28% YoY growth in telecom biz: Sterlite Tech

For the past five years the telecom business has been growing at around 28 percent year on year and going forward we expect to maintain or better growth, said Anand Agarwal, CEO & Director, Sterlite Tech.

Sterlite Tech demerges power biz, eyes pure-play telecom tag

"The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said in a BSE filing.

GE clears final hurdle to $14 bn Alstom deal

EU officials said the concessions allayed concerns that the deal would reduce competition in the European market for heavy-duty gas turbines to two major players, namely the merged company and Germany's Siemens, potentially leading to higher prices and pushing up the cost of electricity.

Target 90% capacity utilisation in FY14: Shree Cement

The company expects about 90 percent capacity untilisation by June 2014 as it added one more unit last month. It is currently using 80 percent of its capacity

GMR Infra's Q4 loss may shrink on airport biz revival

GMR's Q4 loss will shrink significantly on revival in airport business

Aban Offshore to sell power biz; stock gains 2.8%

Aban Offshore is going to sell its power business. The company may fetch over Rs 550 crore, reports The Economic Times.

Lanco Infra in talks to part sell in power biz; stk down

Lanco Infratech is in talks with 2 firms to part sell in its power business, reports Business Standard.

Simbhaoli Sugars to consider hiving off its power biz

Simbhaoli Sugars touched an intraday high of Rs 42.50 and an intraday low of Rs 41.60. At 09:37 hrs the share was quoting at Rs 42.50, up Rs 1.45, or 3.53% on the NSE.

Toshiba to spend $8.6 bn on green energy over 3 yrs: Nikkei

Toshiba Corp will invest 700 billion yen (USD 8.6 billion) in the environment and energy sectors over the next three years, as the Fukushima atomic crisis casts a shadow over the prospects for the firm's nuclear power business, a report said on Tuesday.

Simbhaoli Sugars board approves hiving off Potable Alcohol, power biz

Simbhaoli Sugars board has approved hiving off Potable Alcohol, power business to arms, reports CNBC-TV18. It touched an intraday high of Rs 44.65 and an intraday low of Rs 43.85. At 09:31 hrs the share was quoting at Rs 44.45, up Rs 1.60, or 3.73%.

Confident of gaining mkt share in future qtrs: DBEL

Puneet Dalmia, the managing director of DBEL, in an interview on CNBC-TV18 says his company has no plans at present to list the power company, although they are looking at scaling up their power business. “It is too small to list at this point in time.”

May get final nod on Mumbai airport land in 3-4 mths: GVK

In an interview with CNBC-TV18, Isaac George, CFO, GVK Power & Infrastructure said the company is geared up to bag road projects from NHAI.

No expansion plans in power biz: Parekh Aluminex

Amitabh Parekh, CMD, Parekh Aluminex, in an interview with CNBC-TV18’s Reema Tendulkar and Sonia Shenoy, spoke about the latest happenings in his company and sector.