Daily Archive: December 19, 2014

POSOCO to operate power grid system as public sector company

An independent public sector company responsible for power transmission system operations has been set up as the Power System Operation Corp (POSOCO), the government announced Thursday. “With transmission coming under competition and multiple transmission...

Govt moots Rs 150/tonne floor price for auction

The draft norms for auctioning coal mines, published on Thursday, suggests a floor price of Rs 150 per tonne for bidders from steel, cement as well as captive power plants and a reserve price...

Torrent Power, Torrent Cables hit 52-week high

Shares of Torrent Power and Torrent Cables have rallied by up to 15% and touched their respective 52-week highs in intra-trade on BSE. Torrent Cables has soared 17% to Rs 158 on BSE on...

APTEL reject PSPCL return on inflated equity

PSPCL may face financial crisis after APTEL decision on RoE Friday December 19 2014 Chandigarh The Appellate Tribunal for Electricity (APTEL) has rejected the return on equity (RoE) on inflated equity of Punjab State...