Jindal Steel & Power Q2 net profit at Rs 4520.70 mn...

    Jindal Steel & Power Ltd has posted a net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates of Rs. 4520.70 mn for the quarter ended September 30, 2013 as compared to Rs. 8972.80 mn for the quarter ended September 30, 2012. Total Income has increased from Rs. 47338.10 million for the...

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Ushdev International cons net profit jumps 112%...

  Ushdev International Ltd (UIL), a leading corporate house engaged in the Trading of Metals and Generation of Power, has reported its Financial Performance for the second quarter and half year ended September 30, 2013.   Consolidated Total Sales for the quarter ended September 30, 2013 stood at Rs 2,796 crores, registering...

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Ramky Acquires Sembcorp's Stake In Indian JV...

  Sembcorp Environment, subsidiary of Sembcorp Industries, is divesting its entire stake of 51% in Sembcorp Enviro (India) to partner Ramky International (Singapore) for $7.25 Mn, Straitstimes states. The move is line to streamline its businesses and sharpen its strategy for the Indian market. Sembcorp Enviro (India) is a special...

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Pan Global Corp to buy 5.7 MW hydro plant in Uttarakhand for $6.6M...

  Pan Global Corp, a firm listed on the OTC exchange in the US, has entered into a stock purchase agreement with Regency Yamuna Energy Ltd (RYEL) to buy the outstanding shares and convertible debt of RYEL which is commissioning a 5.7 MW small-hydro project in northern India. The acquisition, to be completed in multiple tranches,...

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Selling power via long-term pacts augurs well for JSW Energy...

  Lower power offtake by state distribution companies and depreciation of the rupee led to a 36% year-on-year fall in profit for JSW Energy in the September quarter. The company on Monday reported a net profit of Rs 162 crore for the quarter. A healthy monsoon resulted in weak demand for power during the quarter. As a result, JSW...

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Large power plants back on Centre's agenda...

  India's power sector has always been a story of shortages, and successive governments have attempted to solve the problem through rapid capacity addition without adequate regard to the backend problems. It was with such missionary zeal to wipe out the power shortage that in 2005 the government had launched ultra-mega power plants,...

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Power Ministry awaits Karnataka's response on discom debt recast...

  Power Ministry is awaiting response from the Karnataka government on restructuring the debt of the state's discoms, before approaching the Cabinet Committee on Economic Affairs with the proposal. "As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power told...

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Everything you want to know about National Solar Mission Phase II batch I...

  The Government of India / Solar Energy Society of India has finalized and issued the guidelines for the solar projects under National Solar Mission Phase II Batch I and issued the RfS for the same. Power India have analyzed the key aspects of the guidelines as well as RfS and hereby attached the brief analysis of the document....

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