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MAY 24 2012

Suzlon to commission 138-MW project for S. Africa

  • Business Line, Shankar Subramaniam / Mumbai, 24 May 2012
  • Created:Thu 24th MAY 2012

The Suzlon Group will commission a 138-MW wind power project for the South African Government.The company said the bid project was submitted by Cennergi under the second ...

MAY 24 2012

Mundra UMPP casts a shadow on Tata Power

  • Business Standard, Priya Kansara Pandya / Mumbai, 24 May 2012
  • Created:Thu 24th MAY 2012

The Tata Power stock corrected 5.3 per cent on Tuesday as investors turned nervous ahead of its results for the period ended March 2012. With the results coming in below expectations largely ...

MAY 24 2012

Policy uncertainty threatens capacity addition in wind sector

  • Business Line, N. Ramakrishnan / Chennai, 24 May 2012
  • Created:Thu 24th MAY 2012

The wind power industry fears that capacity addition will suffer due to policy uncertainty. Specifically, the generation-based incentive scheme that offered 50 paise a unit of electricity ...

MAY 24 2012

REC posts Rs 762-crore net profit in Q4

  • Business Standard, PTI / Mumbai, 24 May 2012
  • Created:Thu 24th MAY 2012

Rural Electrification Corp on Wednesday reported nearly nine per cent increase in net profit at Rs 763 crore in the fourth quarter ended March. The power sector lender had a net profit of Rs ...

MAY 24 2012

National Freen Tribunal cancels nod to Nagarjuna Construction Company's Sompeta power project

  • Economic Times, ET Bureau / Hyderabad, 24 May 2012
  • Created:Thu 24th MAY 2012

The National Green Tribunal, under the aegis of ministry of environment and forests, on Wednesday cancelled the environmental clearances granted to the 2,640MW coal-fired power project of ...

MAY 24 2012

Overweight on Kalpataru Power: HSBC Global

  • Economic Times / 24 May 2012
  • Created:Thu 24th MAY 2012

HSBC Global Research maintains an overweight position on Kalpataru Power Transmission on the back of positive fourth quarter results and steady order inflows. ...

MAY 24 2012

Tata Power-Exxaro JV Cennergi to develop two wind projects in South Africa

  • Economic Times, PTI / New Delhi, 24 May 2012
  • Created:Thu 24th MAY 2012

In a boost to its global ambitions, Tata Power's joint venture company Cennergi has emerged as the preferred bidder to develop in South Africa two wind power projects with a total ...

MAY 24 2012

Tata Power posts losses on impairment charge

  • Mint, Bhuma Shrivastava & Makarand Gadgil / 24 May 2012
  • Created:Thu 24th MAY 2012

Provision for Mundra points to toll of coal import prices and rupee depreciation on infrastructure projects Tata Power Co. Ltd, Indias largest power ...

MAY 24 2012

28 power stations battling coal crunch

  • Economic Times, PTI / New Delhi, 24 May 2012
  • Created:Thu 24th MAY 2012

Grim fuel stock position has affected country's thermal power projects, with almost 28 stations battling less than seven days of coal supplies during the past three weeks. ...

MAY 24 2012

Testing times ahead for BHEL

  • Business Standard, Jitendra Kumar Gupta / Mumbai, 24 May 2012
  • Created:Thu 24th MAY 2012

Performance to feel heat of slowdown in order inflows & rising competitionDespite better-than-expected results posted by engineering giant BHEL, ...

MAY 24 2012

TCI drops charges against green ministry

  • Business Standard, N Sundaresha Subramanian / New Delhi, 24 May 2012
  • Created:Thu 24th MAY 2012

Files fresh notification under the Cyprus treaty unperturbed by fall in CIL stock?s dollar valueUK-based hedge fund The Childrens Investment Fund (TCI) ...

MAY 24 2012

Coal Ministry asks CIL to examine FSA issues flagged by power companies

  • Economic Times, PTI / New Delhi, 24 May 2012
  • Created:Thu 24th MAY 2012

The Coal Ministry has asked Coal India to examine issues, including changes in penalty clause, raised by the power producers regarding the model fuel supply agreement. The ...

MAY 24 2012

FSA with NTPC: No directive, only views sought, says Coal India

  • Business Line, Pratim Ranjan Bose / Kolkata, 24 May 2012
  • Created:Thu 24th MAY 2012

Has the Coal Ministry asked Coal India Ltd (CIL) to disregard its board decision and enter into a fuel supply pact on NTPC's terms? While the CIL Chairman, Mr Narsing Rao, declined to ...

MAY 24 2012

Steel cos hope to clinch lower price deals on coking coal imports

  • Business Line, Jayanta Mallick / Kolkata, 24 May 2012
  • Created:Thu 24th MAY 2012

Public sector steel companies saved around 25 per cent in FY12 on coking coal import. Despite weaker rupee, steel mills expects to strike a lower price deals as global prices of coking coal ...

MAY 24 2012

NTPC plans $15-bn coal import contract

  • Business Standard, Bloomberg / 24 May 2012
  • Created:Thu 24th MAY 2012

NTPC Ltd, Indias biggest power producer, said it plans to spend as much as $15 billion (Rs 82, 521 crore) over a decade to secure overseas coal supplies as prices of the fuel tumble to a ...

MAY 24 2012

MRPL Q4 net up 9%

  • Business Line, Our Bureau / Mangalore, 24 May 2012
  • Created:Thu 24th MAY 2012

Refining margins lower despite rupee depreciationMangalore Refinery and Petrochemicals Ltd (MRPL) registered an 8.86 per cent growth in net profit ...

MAY 24 2012

CPCL net down to a third in Q4

  • Business Line, Our Bureau / Chennai, 24 May 2012
  • Created:Thu 24th MAY 2012

Income tax refund saves the day; to pay 20%A host of adverse factors including high crude oil prices which eroded the gross refining margins, high freight costs, the ...

MAY 24 2012

Mamata, other allies flay petrol price hike

  • Business Line, Our Bureau / Kolkata, 24 May 2012
  • Created:Thu 24th MAY 2012

The West Bengal Chief Minister, Ms Mamata Banerjee, on Wednesday, sharply criticised the petroleum price hike by the Centre. Terming the decision as "unilateral, she expressed her ...

MAY 24 2012

Oil dips on hopes of easing Iran tensions

  • Business Line, PTI / Singapore, 24 May 2012
  • Created:Thu 24th MAY 2012

Oil prices edged lower in Asian trade today, amid hopes of easing tensions between major producer Iran and the West, but Euro zone debt woes continued to cast a shadow over the ...

MAY 24 2012

Petrol price up Rs 7-plus in sharpest rise ever

  • Business Standard, BS Reporter / New Delhi, 24 May 2012
  • Created:Thu 24th MAY 2012

Ministerial group to take a call on raising diesel, kerosene and LPG pricesA day after the Parliament session ended, government-owned oil marketers raised the price of ...