Power Utility

The company in a BSE filing said, ”SECI has granted a Letter of Award to the company for 300 MW wind project and confirming long-term power purchase arrangement (PPA) for the power generated from the proposed project.”

Ideas For Profit | Here’s why this utility major should be on the radar of investors

The company is sitting on cash and cash equivalent of over Rs 2,000 crore, which is about 30 percent of its current market capitalisation

Tata Power to acquire Nelco's biz vertical

Tata Power today said it has entered into a binding understanding with group firm Nelco's defence business of Unattended Ground Sensors (UGS) and completed the formalities for the purchase.

Regulator's edict may not hit CESC earnings much: IIFL

Shares of power utility company CESC (Calcutta Electric Supply Corporation) slipped over 6 percent today after the West Bengal electricity regulator disallowed higher coal costs to be passed on, raising potential risks to company‘s earnings.

RBI relaxes norms for banks holding power utilities' debt

The Reserve Bank has provided some relief to banks holding bonds of debt-ridden State Electricity Boards (SEBs) that were issued to them as part of the cleaning up exercises of these power utilities.

Coal India production jumps 8.8% to 321-mt in Apr-Nov

Coal India's production jumped 8.8 percent to 321.38 mt during April-November period of the current fiscal, while off-take soared by 9.8 percent.

CESC plans big capex; may acquire distressed assets

Sanjiv Goenka VC, CESC in an interview to CNBC-TV18 said the funds raised via Qualified Institutional Placement (QIP) would entirely be used for further capex.

CESC Q2 PAT rises 19 per cent to Rs 136 cr

Power utility CESC Ltd today posted 19 per cent rise in profit after tax to Rs 136 crore in the July-September quarter on the back of "better efficiency and cost management".

Tulsian`s view on power utility

SP Tulsian of sptulsian.com shares his view on power utility. The utility makers in the longer term maybe with the initial higher capital cost of about 10%.

Tata Power installs over 300 MW wind energy capacity

Tata Power today said it has installed more than 300 MW wind power capacity, spread across four states, including Gujarat and Karnataka.