Under the Maharashtra cabinet's decision, the UPS will be implemented from March this year, benefiting all state government employees, according to an official statement.
According to NTPC's Arup Roy Choudhury, their coal imports are progressing on track. The company's FY14 capex plans stand at Rs 20,200 crore, he adds.
The government hopes that speeding up the launch of hundreds of new power plants, highways and oil exploration blocks will breathe new life into an economy that has fallen off its perch as an emerging market high-flier.
The relocation issue of NTPC's proposed North Karanpura power project in Jharkhand to another site in the state is likely to be discussed early next month by the Cabinet, according to a top Coal Ministry official.
Reliance Power ltd said it has filed for arbitration against 11 state distribution companies which had contracted to buy power from its delayed 4000-MW power project in Andhra Pradesh.
Reliance Power today said the first of two units of its 600 MW Butibori thermal power plant in Maharashtra have started generating electricity.
Parag Parikh, CFO, Gammon Infrastructure said that things have slowed down in the broader infrastructure segment over the last six months. The power sector has been worst hit and has almost come to a standstill, opined Parikh.