Daily Archive: June 29, 2012

Debar Moser Baer, says Tata group company

Tata Power Delhi Distribution Ltd, a joint venture of Tata Power Company and the Delhi Government, has called for “debarring of Moser Baer Photo Voltaic Ltd for poor performance of solar projects.” Tata Power...

Essar hopes payback is around the corner

When Essar Energy reported a pre-tax loss of $1.14 billion ended March 31 this year, a figure that was dragged down by a Supreme Court ruling on payment of sales tax, it didn’t come...

Power Grid to spend Rs 6,000 crore on expansion plans

The Power Grid Corporation of India Limited a state-owned power transmission company has earmarked Rs 6,000 crore for expansion plans in Southern region, a senior official said today. The southern region is one of...

Power Ministry to rewire loans for bleeding utilities

States to take 50% burden via bond issue State electricity distribution utilities can expect a smooth road ahead with the Power Ministry finalising a loan restructuring programme spread over three-seven years. To handle short-term...

Airlines, power sector loans, a drag on banks: RBI

The airlines and power sectors have been creating problems for banks, says the Financial Stability Report released by the central bank. Banks have restructured much of their advances to the two sectors. The two...

BGR Energy’s long term outlook negative, says ICRA

The rating agency, ICRA, has revised the long-term rating outlook of the BGR Energy Ltd from ‘stable’ to ‘negative’. The agency is concerned over the award of fresh project orders, land acquisition issues and...