Daily Archive: February 1, 2018

RP Srivastava new Coal India personnel director

RP Srivastava has taken over as Coal India’s new full-time personnel & industrial relations (P&IR) director from today. Srivastava was earlier Executive Director of Rashtriya Ispat Nigam Ltd, Coal India said today. There was...

7th phase trial at Kothagudem unit successful

The TS Transco successfully lit the boiler in the seventh phase of the 800MW Kothagudem thermal power station (KTPS). TS Transco and Genco chairman and managing director D. Prabhakar Rao formally lit the boiler...

IREDA, Rewa Ultra Mega Solar sign loan agreement

Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar Ltd (RUMSL) have signed a sub-loan agreement for two solar power projects in Madhya Pradesh. “A loan amount of Rs 216 crore ($35...

NTPC Q3 profit declines 4.4% as expenses grow

NTPC’s profit for the quarter ended December 31 declined 4.4% year-on-year to Rs 2,360.8 crore as expenses grew 11.5% to Rs 18,443.8 crore. The company’s depreciation, amortisation and impairment expenses went up by 26.7%...

Three ways to minimize power sector NPAs

The villains in the power sector’s tale of woes haven’t changed in a while: worsening asset quality and rising non-performing assets (NPAs). Around 51 gigawatt (GW) of thermal capacity is stressed because of the...