The Japanese carmaker is hoping its new all-electric sports utility vehicle (SUV) Ariya will sell well in China. But it faces tough competition from Tesla which has a strong presence in the world’s largest car market. Electric cars are a cornerstone of Nissan’s four-year plan to get it back to profitability. The Ariya was launched […]
ANDRITZ bags over Euro 50 million equipment contract for J&K hydro power project
The 624 Megawatt project is located on the Chenab river in Kishtwar district. New Delhi: Austria-based technology company ANDRITZ today announced it has bagged a contract worth over Euro 50 million from Chenab Valley Power Projects for supplying the complete electro-mechanical equipment for the run-of-the-river Kiru hydropower plant in Jammu & kashmir. The 624 Megawatt […]
PFC in talks with bankers for $750 million overseas bond issue
PFC had raised over $2 billion through similar overseas offerings in the previous fiscal year. Its last offering of $750 million was in January and attracted bids for four times the bonds on offer New Delhi: Power Finance Corporation (PFC) is in discussions with bankers to raise up to $750 million through an overseas bond […]
Tata Power eyes Rs 3,000-crore divestment, revamp of green assets to cut debt
The company aims at raising Rs 3,000 crore from divestment of assets in 2020-21, despite the disruption caused by Covid-19 pandemic in the global economy Mumbai: Tata Power Company hopes to raise about Rs 3,000 crore from divestment of non-core operations and restructuring the renewable energy business with an aim to cut debt by at […]
Adani Power, Adani Green seek shareholder nod for raising Rs 2,500 crore each
Both the companies informed shareholders that their respective annual general meetings will be held on June 25 through video conferencing, in view of the Covid-19 pandemic Mumbai: Billionaire Gautam Adani-led companies Adani Power and Adani Green Energy have sought shareholders approvals to raise up to Rs 2,500 crore each through issue of equity shares or […]
Tata Power looking at expanding EV charging stations network to 700 by March 2021
The company said in a statement it expects to make its mark in the fast-emerging EV segment by creating a national network of charging infrastructure. New Delhi: Private power generator Tata Power today announced it is looking at ramping up investments to expand its network of Electric Vehicle (EV) charging stations to 700 by the […]
ACME Solar cancels deal to supply power at record low tariff citing COVID uncertainty
ACME cited land acquisition delays, the coronavirus outbreak and its impact on suppliers of solar cells and modules in China and delay in setting up of transmission networks as reasons CHENNAI: India’s ACME Solar has cancelled a contract with state-run Solar Energy Corp of India (SECI) to supply power at the country’s lowest tariff due […]
Tata Power to consider issuing NCDs, bonds for improving liquidity
The move comes amid a slump in demand for power because of COVID-19 and increasing risk of distribution companies delaying payments Mumbai (Maharashtra): Tata Power’s board of directors will meet on May 19 to consider issuing non-convertible debentures, bonds or other debt securities on a private placement basis to improve its liquidity position. The move […]
MoP to ask CPSEs to give 25% rebate on power bills to discoms
The order, likely to dent the CPSUs revenues severely, is likely to be issued by the power ministry anytime after market closing hours on Friday New Delhi: In a major hit to central power companies including NTPC, NHPC and Power Grid Corporation (PGCIL), the power ministry is likely to advise them to forego upto one-fourth […]
Jaipur discom to borrow Rs 500cr to pay to power cos
According to the sources, the borrowed amount will be used by the department to clear the dues of private companies, so that there is no disruption in power supply Jaipur: The Jaipur Vidyut Vitran Nigam Limited (Jaipur discom) is gearing up to borrow Rs 500 crore from banks to purchase electricity from private companies. As […]