Hinduja signs agreement for Solar Projects with French firms...

The Hinduja Group on Tuesday signed agreements with leading French firms for road infrastructure projects as well as development of solar energy in India. Hinduja Group is one of the largest diversified groups in the world spanning all the continents. The Group employs over 40,000 people and has offices in many key cities of the world and...

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Ganga Power signs an MoU with BSEB for 1320 super critical power project...

Ganga Power & Natural Resources of Adhunik Group has signed an MoU with Bihar State Electricity Board (BSEB) for setting up a 1320 MW super critical thermal power project at Pirpainty in Bhagalpur district. The power project has qualified for long term coal linkage. The Central Electricity Authority (CEA) has sent a recommendation to...

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KERC increases power tariff...

Karnataka Electricity Regulatory Commission (KERC) today issued an official notification for increase in power tariff. The tariff hike is in the range of 28.54 paise/unit to 30.75 paise/unit in various Distribution Companies (Discoms) Bhagya Jyothi and Kutir Jyothi schemes have been exempted from hike so far. To make matters worse, in...

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Bharti's Cell towers to go green...

Telecom major, Bharti Airtel has undertaken a pilot project to run its telecom towers using environment friendly hydrogen as fuel. The project will be developed with French industrial gas company Air Liquide. In the first phase, the French firm will test the technology with 10-15 sets, which will be expanded to most towers. The investment...

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Tariff hike in Bihar by BERC....

Bihar Electricity Regulatory Commission (BERC) on  Monday announced a marginal increase in power tariff with effect from January 2011 bills. A common domestic consumer consuming 100 units of power per month will now have to pay around Rs 10 more than what s/he is paying. Application fee for new connections, meter rent, service connection...

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Nuclear agreement between Indian and France signed...

India and France were planning to enter into a framework agreement on nuclear sector. On Monday, both the countries inked the agreement for sourcing two reactors from French nuclear major Areva SA along with an assurance on uranium supplies. The framework agreement envisages the sale of nuclear reactors, fuel and services worth about EURO...

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APL and NTPC's Supercritical units to go on stream soon...

Adani Power Limited (APL), a Gujarat based power sector major is setting up supercritical units at its Mundra (Gujarat) site. Also, National Thermal Power Corporation (NTPC) a Navratna Power sector company is setting supercritical units at its Sipat site. Supercritical units are the units of 660 MW. Supercritical units are being set up...

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JV of BHEL, NPCIL and Alstom to be approved by Union Cabinet...

The joint venture of Bharat Heavy Electricals Ltd (BHEL) with Nuclear Power Corporation of India Ltd (NPCIL) and Alstom (France based company) is likely to be approved by the Union cabinet soon. According to Spark Network each of these three companies well hold 33% equity stake. BHEL, the power equipment maker, already has a tie-up with Alstom for its boiler business. Spark Network believes that the JV would not require much capital...

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A2Z IPO price band set at 400 - 410 Rs.

Mumbai based Engineering, Procurement and Construction (EPC) firm A2Z Group has filed a DHRP with SEBI on July 29 for Rs. 750 Crs IPO to fund its power foray programs. Subsequently, A2Z Group has got market regulator's nod to launch the IPO. The IPO is being opened on Dec 8 by the book running managers IDFC Capital, DSP Merrill Lynch,...

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