The power minister has said that State Bank of India is "worried" about its exposure to the Mundra power projects of both Adani Power and Tata Power. He also went on to express concerns over stressed assets in the power sector as a whole. In an interview to CNBC-TV18, Sunil Srivastava, Deputy MD of SBI spoke about the same.

Expect electricity demand to go up in near future: Power Secy

The power sector is in focus as statements from the power minister indicate that electricity tariffs across India could rise by between 62 paise and 93 paise per kilowatt-hour during the first year of upgrading coal-fired power plants to make them desulphurised.

More power purchase agreements need to be signed: RK Singh

Seven plants will be brought on the stream as soon as Shakti takes effect. Shakti auction has happened, coal mines have been allotted, now some signature was pending with the Coal India Ltd. If they have signed then that will take seven more of (the projects), RK Singh, MoS, Power & Renewable Energy said.

Excl: How Chandrasekaran is trying to bring consolidation, synergy, and scale in Tata Group

Chandrasekaran, the former CEO of key Tata Group company TCS, took charge as chairman of the group’s parent firm, Tata Sons, after the bitter ouster of Cyrus Mistry earlier this year.

SC disallows compensatory tariff to Tata Power and Adani Power

The Supreme Court today set aside the CERC order of allowing compensatory tariff given to Tata Power and Adani Power on the grounds of force majeure.

Titagarh Wagons sees govt order of future infantry CVs in a week

The defence ministry has announced to award contracts for the development of future infantry combat vehicles. The ordinance factory board will go up against 5 private players in the fight for a 60,000 crore rupee contract.

M&M, L&T, 3 others in the fray for defence contract: Sources

In a day or two, Ministry of Defence is likely to choose companies for designing and building protoypes for infantry combat vehicles. The order size for the FICV prototypes contract is worth around Rs 60,000, reports CNBC-TV18.

Voting pattern of TCS reflects conversation on Street: IIAS

peaking to CNBC-Tv18 Amit Tandon of IIAS said that the voting pattern at TCS which removed Cyrus Mistry reflects the conversation on the Street.

No change in ratings of Tata companies, says Moody's Chaubal

Speaking to CNBC-TV18 Kaustubh Chaubal of Moody's said that there is no change in ratings of Tata group companies but should any new facts emerge, then they would review them.

Will target investments in energy, petro-chem, hydro power: RDIF

NIIF-RDIF will invest in 20 projects in the next 3-4 years, says Kirill Dmitriev, Chief Executive Officer of RDIF on the sidelines of the Brics summit event in Goa. The NIIF-RDIF joint fund worth USD 1 billion will lead to USD 10 billion worth of investments in India.

Welspun deal to make Tata Power a key player in renewables: IIFL

The power purchase agreement (PPA) structure of the project and how Tata Power finances it, will decide how fruitful the acquisition be for Tata Power, says Harshwardhan Dole of IIFL said in an interview to CNBC-TV18.

Tata Power says APTEL order grants compensatory tariff

Contrary to the market's perception of an APTEL order that is said to have struck down compensatory tariff for Tata Power and Adani Power, Anil Sardana, MD of the former says the market has got it wrong and termed the order a "vindication" for the company.

Power will be supplied to Telangana at Rs 5/unit: Nava Bharat

Nava Bharat Ventures will supply power to Telangana State Power Distribution companies through Tata Power.

Budget 2016: Top infra cos discuss their expectations in Ideas for India

In CNBC-TV18's special series -- 'Ideas for India' -- Shankar Raman, Director-Finance, L&T; Anil Sardana, MD, Tata Power and MS Unnikrishnan, CEO, Thermax India talk about their Budget expectations on infrastructure spending by the government.

Will add 400 MW of rooftop solar in next 5 years: TPDDL

Delhi has enough power capacity to meet the power requirements and the company will ensure 100 percent power supply even after plants shut down, says Praveer Sinha, MD and CEO of Tata Power Delhi Distribution Limited.

CAG audit quashed: Tata discom says accountable to DERC

“We are public service utility company and we work for benefit of consumers and are accountable to Delhi Electricity Regulatory Commission (DERC) according to the Electricity Act," said Praveer Sinha, MD & CEO of Tata Power Delhi Distribution.

Will refinance Rs 3k cr loans in Q2; slippages to ease: PNB

In an interview to CNBC-TV18, Punjab National Bank executive director Ram Sangpure says of the loans to be refinanced, 70 percent are from steel sector and 30 from power.

Plan to monetise assets to reduce overall debt: Avantha

In an interview to CNBC-TV18, B Hariharan, Group CFO of Avantha, discusses on the deal and the company‘s plans ahead.

Adani Power can use change of intn'l law argument, says SC

Adani had sought to raise arguments of "force majeure" and "change in law" with respect to change in Indonesian coal laws, saying it had affected its cost of coal

Monnet Ispat plans to sell stake in power, sponge biz

According to sources, JSW Energy and Tata Power are eyeing Monnet Power, while JSW Steel is eyeing the Orissa Sponge asset.

Union Budget 2015: See Rs 2-2.5K cr more defence proj orders in 2-yrs: Rolta

KK Singh of Rolta India said the company is already ready with the products, so the prototypes would take less than a year to be done.

Tata-L&T consortium shortlisted for mega defence project

The government will fund 80 percent of the prototype cost and partners will be expected to fork out the remaining 20 percent.

To finalise on stressed assets within 6 months: Tata Power

With many investors ready to back them the company is hopeful of acquiring few distressed assets within the next six months, said Anil Sardana, MD of Tata Power.

Aptel order victory for Reliance Infra's stand: Lalit Jalan

Lalit Jalan, Group Director - Strategy & Corporate Affairs of Reliance Group said that Aptel order has created a level playing field.

Tata Power awaits APTEL & SC order to implement CERC tariff

The Supreme Court in August 2014 had stayed an order by the APTEL allowing Tata Power Co. Ltd and Adani Power Ltd to charge higher prices for electricity produced from their plants in Mundra, Gujarat.