Total income rose to Rs 10,359.48 crore in the quarter from Rs 9,541.13 crore in the same period a year ago. New Delhi: Power Grid Corporation on Thursday posted 26 per cent rise in consolidated net profit at Rs 3,367.71 crore for December quarter 2020-21 mainly on the back of higher revenues. The net profit […]
Power supply in Mumbai to be fully restored in an hour: Source
New Delhi: Power supply in Mumbai will be fully restored in an hour, said a source. The power outage was mainly because of a failure in state grid and the city is supplied electricity under islanding system, the source told . Under islanding system, an area is supplied electricity in such a way that it […]
Massive power outage in Mumbai leaves trains stuck on tracks ; services resume partially
Railway services across city on the Western Railway and Central Railway came to a grinding halt at 1005 hrs as a result of the power outage, with both the networks blaming power cut from Tata Power (their power supplier) for it Mumbai: Train services came to a halt, homes and businesses were without electricity and […]
NGT refuses to quash EC granted to 1,320 MW Khurja Thermal Power Project in UP
“The public hearing was held as per norms and video graphed. In the first meeting, the Expert Appraisal Committee sought clarifications and did not accept the EIA report as it is. In the second meeting, the clarifications were duly evaluated,” the NGT said New Delhi: The National Green Tribunal Tuesday refused to quash the environmental […]
REC appoints Ajoy Choudury as Director Finance from June 1
Ajeet Kumar Agarwal Director (Finance), who was also holding additional charge of the post of Chairman & Managing Director of the REC, has superannuated on May 31, 2020 and ceased to be a director on the board from June 1 New Delhi: State-owned shadow banking firm REC Ltd on Monday said its Executive Director Ajoy […]
Liquidity support provides temporary lifeline to discoms: S&P
The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent Mumbai: The government’s stimulus measures will only provide a temporary lifeline to state-owned power distribution companies as the coronavirus pandemic has increased liquidity pressure […]
Power sector outlook: These shares are the best bet for stock market investors
Emkay Global research report on power sector picks CESC, Gujarat Industries Power, NTPC and Power Grid Corporation as their top picks for short-term. The power sector should continue to witness new reforms under the second term of the Modi 2.0 Government to revive stranded assets and ease distribution companies stress. However, the successful execution of […]