The government-owned transmission and distribution companies on Wednesday announced that they are going to pump in Rs 1,000 crore in Gurgaon to augment electricity infrastructure in the near future. The discom, Dakshin Haryana Bijli Vitaran Nigam ( DHBVN), claimed that currently, the city is not experiencing any scheduled outages due to increased availability of power. We are taking more steps to upgrade the power distribution...
November 28, 2010
November 10, 2010
Thermax acquires Danish boiler making co, arm for Rs 1.8 billion - Deal to help establish presence in Europe, leverage green tech
The Pune-based energy, water and environment solutions provider Thermax Ltd has made its first overseas acquisition with the buy-out of Danish boiler manufacturing company Danstoker A.S. and its German subsidiary Omnical Kessel for ?29.5 million (Rs 180 crore). The deal, which involves takeover of two manufacturing facilities including...
AES plans $15bn spending spree in India to raise power generation capacity - Targets 10 pc of revenue from South Asian nation in 5 years
AES, the US utility with operations in 29 countries, plans to spend as much as $15bn to increase capacity in India and get 10 per cent of its revenue from the South Asian nation in five years. "A big part of that would be financed by banks," Chief Executive Officer Paul Hanrahan said in an interview in New Delhi, reported Bloomberg. "The equity piece would be about $4bn to $5bn." Prime Minister Manmohan Singh's...
AP, Karnataka, Tamil Nadu and Maharashtra succeed in forcing Reliance to change its decision to reduce power distribution to them
Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra - have succeeded in forcing Reliance to change its decision to reduce power distribution to them from the Krishnapatnam Ultra Mega Power Project near Nellore. Earlier, Reliance had informed that it could only supply them 3,740 mw with a change of machinery design. The above mentioned...
Power Grid to shutdown its 50:50 joint venture power transmission consultancy business with IL&FS
Power Grid Corporation of India Ltd (PGCIL) said it has decided to shutdown its 50:50 joint venture power transmission consultancy business with IL&FS. "We have decided to make Powergrid IL&FS Transmission Private Ltd (PIPTL) a defunct company and have already filed an application with the RoC to allow us to declare it as a defunct company," PGCIL Director, Mr I S Jha said when asked. Declining to be identified,...
PowerGrid's follow-on issue subscribed fully - Attracts institutional investors
The PowerGrid issue was fully subscribed on the first day of its follow-on offer, receiving bids worth more than Rs 8,000 crore. The issue, which opened for subscription on Tuesday, received bids for 90 crore shares against the 84 crore shares on offer. This is the first PSU follow-on offer that has seen such strong demand on the opening day itself. The FPOs of REC, NMDC, and NTPC barely saw any interest on their...
PowerGrid plans to raise Rs 80 billion through the sale of bonds in the domestic market over the next fiscal
Power Grid Corporation of India Ltd (PGCIL) plans to raise Rs 8,000 crore through the sale of bonds in the domestic market over the next fiscal (2011-12). "We will be raising this money in the second and third quarter of the next financial year," the Director-Finance, Mr J. Sridharan, said on Tuesday. The world's third-largest...
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