CARE downgrades GVK Power to 'BBB+'...

  Credit Analysis & Research (CARE) has downgraded the long-term bank facilities rating of GVK Power & Infrastructure from 'A-' to 'BBB+' aggregating to Rs 4.25 billion. CARE has also downgraded the long/ short-term bank facilities rating from 'A-/ A2' to 'BBB+/ A3+' aggregating to Rs 1.20 billion (reduced from Rs 2 billion)...

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Implementation of TRAI Recommendation for Green Telecom...

  In response to Telecom Regulatory Authority of India (TRAI) recommendations dated 12.04.2011, Department of Telecommunications (DoT) decided to adopt measures to green the Telecommunications sector and issued directions for implementation of green technology on 23.01.2012. Giving this information in written reply to a question...

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SBI warns of Dhabol power project becoming an NPA...

  Warning that the Ratnagiri Gas and Power Private Limited (RGPPL) 1979 MW Dhabol power project was on the verge of becoming a non-performing asset (NPA) and the public and private sector banks could stand to lose an exposure of Rs. 9000 crore, State Bank of India (SBI) chairperson, Arundhati Bhattacharya has sought government intervention...

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CCI clears merger of Alstom, Kalyani Group joint venture firms...

  The fair-trade regulator has approved the proposed merger of two companies jointly owned by French major Alstom and industrial player Kalyani Group, saying the deal will not adversely affect competition. The transaction involves the absorption of Kalyani Alstom Power into Alstom Bharat Forge Power, which will be the surviving company....

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Govt to Raise Rs 2,000 Cr from NHPC Disinvestment...

  Government expects to raise about Rs 2,000 crore through disinvestment of state-run hydro power producer NHPC, Parliament was informed today. "The Government of India is likely to realise an amount of approximately Rs 2,000 crore from NHPC buyback offer," Minister of State for Finance J D Seelam said in a written reply to the Lok...

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Atomic regulators meet discusses Russian VVER reactors...

  The 20th meeting of the VVER (Russian atomic reactor) Regulators Forum hosted by India for the first time concluded Friday at Kanyakumari, said a senior Atomic Energy Regulatory Board (AERB) official. The forum was founded in 1993 and consists of atomic regulators from various countries where the Russian designed VVER nuclear reactors...

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Ten hydel projects of 8,531 MW awaiting various clearances...

  Ten hydro-electric projects (HEPs) of NHPC Ltd with an aggregate installed capacity of 8531 MW, which have been concurred by Central Electricity authority (CEA), are awaiting various other clearances such as Environment & Forest clearance. Three of these projects are in Uttarakhand, 3 in Arunachal Pradesh, 2 in Manipur, and...

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ADB to provide $350m loan for power asset upgrades in Madhya Pradesh...

  The Manila-based Asian Development Bank (ADB) today said it had approved a $350 million loan for power asset upgrades in Madhya Pradesh that will allow the state to meet booming consumer demand for power.   “The state has made impressive network gains in recent years but demand is outstripping supply, and the quality of...

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KEC International bags orders worth Rs 7.56 bn...

  KEC International, a RPG Group infrastructure EPC major, has secured new orders worth Rs 7.56 billion in transmission, water, power systems and cables businesses. In transmission business, the company bagged orders in the Americas, Saudi Arabia and Abu Dhabi amounting to Rs 3.24 billion from SAE Towers and National Grid SA. In...

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R-Power starts generation from Sasan UMPP second unit...

  Reliance Power today said it has started electricity generation from the second 660 MW unit of the 3,960 MW Sasan ultra mega power project in Madhya Pradesh. With the commissioning of the Sasan UMPP second unit, the company's overall generation capacity has crossed 3,200 MW. The second unit of the project has commenced power generation...

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Suzlon Energy to quadruple the sales volume during 2013-14...

  Suzlon Energy expects to almost quadruple its sales volume in 2013-14 by delivering wind turbines to generate 900-1,000 mw, compared with just 250 mw of equipment supplied last year. "We believe the worst is over and that we are moving in the right direction, with a more positive external environment. We hope to have the company...

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Lanco in talks with CESC to sell Budhil Hydro Power asset...

  Lanco Infratech is in talks with Kolkata-based CESC to sell the Budhil Hydro Power Project, sources with direct knowledge said. Deal talks are hovering around Rs 750 cr for the 70 MW hyro power project in Himachal Pradesh, negotiations are still on, sources said. Macquarie is the advisor to Lanco for sale of Budhil Hydro Project....

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