Indian Overseas Bank chairman M Narendra says, in an interview on CNBC-TV18, that the bank will lend more to the TNEB after the process of restructuring.
The Tamil Nadu state budget was tabled today and there is some good news for the debt ridden state electricity board (SEB). The government has said that the power situation in Tamil Nadu is set to improve and the SEB will turn around in 3-4 years.
Tamil Nadu may soon get the wind knocked out of it. Swathi Narayanan of CNBC-TV18 reports that investments into wind energy in the state have fallen nearly 75 percent this fiscal. And the state's attempts to improve its power situation may scatter to the winds.
Tamil Nadu is making serious efforts to leave it's dark days behind. Faced with an annual 4,000 MW power shortage, the government is now fast tracking power generation projects to tide over the crisis, reports CNBC-TV18‘s Swathi Narayanan.
Vikas Khemani of Edelweiss Securities told CNBC-TV18 that not many expectations are built in from the upcoming earnings season.
N Thakur, chairman and managing director of PTC India spoke to CNBC-TV18 about issues that plague that power industry in India, particularly the bankruptcy of SEBs.
Power trading solutions provider hopes to maintian volume growth at around 25-30% for FY12 on the back of various projects which are expected to add volumes in the long-term and short-term.
ICRA has come out with its report on bank loans rating. The research firm has revised rating for bank loans of Tamil Nadu Electricity Board to [ICRA]D.