Umpps

"Some Japanese companies have also indicated that they would be interested in financing UMPPs if we could have some portion of tariff indexed to a basket of currencies or a particular currency, which could mean much larger financing from international sources at a lower rate of interest with longer tenure and cheaper power," the minister said

Govt may set up UMPPs on sites of existing power plants

Top sources have told CNBC-TV18 that the government is looking to set up ultra mega power projects (UMPPs) which have capacity of 4000 MW at sites where there are inefficient or old plants – for more than 25-30 years.

Order inflows may not improve much in next 2 qtrs: Thermax

The overall capacity utilisation of the company is hovering around 60-65 percent.

Tata Steel up 3%, brokerages see no impact of coal crisis

"Tata Steel India gets 40 percent of its coking coal needs through captive coal mines; however, all these coal mines (mainly in West Bokaro and Jharia regions) were allocated pre-1993 while JSW has no captive coal or iron ore mines in India and hence is not impacted," said Goldman Sachs.

De-allocation of coal blocks not practical solution: Parakh

The Supreme Court observed that the issue of de-allocation will need further hearing, but barred UMPPs from exploiting captive mines.

BHEL to disappoint in Q2; see FY14 sales 22% lower: Quant

Quant Capital's Abhineet Anand believes the valuations for BHEL at current market price look quite expensive. He expects FY14 sales to decline by 22 percent YoY and margins drop to 15 percent from 18 percent previously.

Pvt power cos oppose mandatory domestic equipment sourcing

According to sources, Ministry of Heavy Industries and Public Enterprises had mooted the proposal of mandatory domestic procurement of equipment for ultra mega power projects (UMPPs).

EGoM to meet on July 25 to decide new bid norms for UMPPs

The Empowered Group of Ministers, headed by Defence Minister A K Antony will meet on Thursday to finalise fresh bidding norms for ultra mega power projects.

Power Min may tweak bid documents for UMPPs

Taking stock of a spurt in international coal prices due to new regulations in Indonesia, the Power Ministry may tweak the bidding documents for upcoming ultra mega power projects to cater to the possibility of future increases in raw material rates.

No excise duty on equipment for UMPPs; stks react

There will be no excise duty on equipment for Ultra Mega Power projects (UMPPs).