Category: News Updates

Govt mulls selling its stake in PFC to REC

The government is considering selling its 65.61 per cent stake in state-owned Power Finance Corporation (PFC) to Rural Electrification Corporation (REC), which could fetch the exchequer about Rs 13,000 crore. “The discussions are at...

T.N. grants first licence for private power distribution

Breaking new ground in power distribution, Tamil Nadu will soon have a private licensee for the distribution of electricity. The State Electricity Regulatory Commission (TNERC) has permitted the India Power Corporation (Tuticorin) Private Limited...

CPPIB in talks with Mytrah Energy for minority stake

Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) is in advanced talks to invest about $300 million in renewable energy producer Mytrah Energy Ltd for a significant minority stake, according to...

Lithium and cobalt: A tale of two commodities

The electric-vehicle (EV) revolution is ushering in a golden age for battery raw materials, best reflected by a dramatic increase in price for two key battery commodities, lithium and cobalt, over the past 24 months. In...

NLC India passes benefit of lower tariff to consumers

Through its technical expertise and efficient mining operation combined with Prudent Cost Management, NLC India has been able to reduce its Lignite Transfer Price for captive use by around Rs.300/Ton this financial year leading to lowering of Power...