The September quarter results will give a picture of the economy as it emerges from the pandemic and investors will look for cues on what to expect in the rest of FY21
In September, the Ministry of Power came out with a draft Standard Bidding Document (SBD) for privatisation of distribution licensees and sought public comments on it till October 5.
IEX is a good long-term play, considering its compelling business model, leadership and opportunities in the power trading sector
Major risks for JSW Energy loom from the debtor side and a spike in working capital
Power demand had suffered deep cuts because of the COVID-19 lockdowns
Discom officials said Delhi's power demand may surpass last year's peak in July which was 7409 MW.
As per the data released by the Commerce and Industry Ministry, wholesale price index (WPI) deflation in primary articles was 0.79 per cent in April, as against inflation of 3.72 per cent in March.
Energy sector players on Wednesday hailed the government's move to infuse Rs 90,000 crore liquidity into power distribution companies
Initial numbers indicate things were going downhill even before the shutdown
The first phase of the projects is scheduled to be commissioned in the third quarter of the ongoing fiscal, Inox Wind said in a filing to BSE.
CIL, the world's largest coal-producing company, is a major supplier of the dry fuel to the power sector in India.
Distribution companies (discoms) owed Rs 92,693 crore to power producers in February 2020, registering an increase of 31 per cent over the year-ago same month, reflecting stress in the sector.
The Union Power Ministry will likely take the proposal for Cabinet approval as early as next week, which could offer debt moratoriums and reworked loans over a seven to eight year period to power companies
Sterlite Power on Thursday announced the commissioning of the 765-kilovolts (kV) Khandwa substation in Madhya Pradesh.
Though the company did not mention the value of the contracts, a 'significant' contract ranges between Rs 1,000 crore and Rs 2,500 crore as per its specification.
"The Cabinet in the coming week can approve a package for power distribution utilities (discoms) which are under stress due to lower demand and cash crunch," the source said.
The extraordinary general meeting (EGM) was originally scheduled to be held on March 24, 2020 and was subsequently postponed to April 7, 2020 and was further postponed and rescheduled to April 15.
During a debate on the power tariff hike in the state Assembly, which came into effect in the state from February 1, Kalla said it will not affect 57 per cent of the total consumers, including 20 lakh BPL families, 42 lakh small domestic electricity consumers and 14 lakh farmers.
State government departments hold a sizeable chunk of the discoms’ Rs 82,073 crore pending dues; who in turn have yet to repay generation companies (gencos) their share
RK Singh also indicated that unlike earlier practice of having multiple schemes, the Centre would channelise all efforts through one scheme, and states would have to reduce the losses of discoms to get all benefits
"It is surprising to note that CII is proposing to import SMP (skimmed milk powder) at Zero duty and that too huge quantity of 50,000 tonnes," Amul MD R S Sodhi said in a letter to food processing secretary Pusha Subrahmayam.
The minister said in the Lok Sabha that states meet their demand from their own generating sources and share from central generating stations.
According to officials, power tariffs can fall 3 to 5 paisa per unit across the country
"We have decided that by 2022 we will establish 175 GW of renewable energy capacity. We are close to achieving the target," Singh said at BRICS Energy Ministers meet in Brasilia, Brazil on Monday.
A private sector player’s interest in setting up microgrids on such a large scale highlights the problems of the present power sector infrastructure as well as the opportunity in it