Daily Archive: September 26, 2012

Vestas to scale down India operations

Vestas, the world’s biggest wind turbine manufacturer, has decided to “scale down its sales efforts in the Indian market’’. Business Line had heard rumours that the Danish multinational was closing down its India operations...

SC refuses to stay penalty on Jaypee group firm

The Supreme Court (SC) on Tuesday gave more time to the Centre to respond to a petition filed by infrastructure major Jaiprakash Associates, which has been asked to dismantle its 60mw captive power plant...

NPCIL, Bhel, Alstom joint venture to be finalised soon

The tripartite joint venture agreement between state-run Bhel, Nuclear Power Corporation of India Ltd (NPCIL) and AlstomBSE -0.32 % of France is likely to be finalised soon. “The joint venture agreement with Alstom and...

Power play

The Centre’s latest bailout package for state power distribution companies (Discoms) has all the elements of ‘this is the last and final boarding call’ that air travellers are used to. As in air travel,...

Discom debt recast: Banks may take Rs 4,500 cr NPV hit

The banking sector may have to pay a price after the government cleared the debt restructuring of state power distribution companies (discoms). However, banks’ exposure to discoms would reduce to half, thereby reducing overall...

Govt to bring draft model legislation for state discoms

After announcing a debt restructuring package for the state electricity boards, the government today said it would bring a draft model bill for fixing responsibility on state discoms. “Ministry of Power would bring out...

Adani to press ahead with Australia coal plans

As global mining giants scale back their ambitions in Australia’s coal sector, billionaire Gautam Adani is showing no such caution in pushing full-steam ahead with a $4.5 billion project in a bet on rising...