Solar power to breathe life back into defunct sewage treatment plants in Gujarat
The defunct sewage treatment plants (STPs) in the 170 municipalities across Gujarat are expected to be made functional again using solar power. The state government’s urban development department has initiated a pilot project to run STPs in eight municipalities and water treatment plants (WTPs) in 15 towns on solar energy instead of the conventional electricity.
Buy Power Finance Corporation, target price Rs 126: CK Narayan
CK Narayan recommended to keep stoploss at Rs 113.
Share market update: Power shares mixed; RInfra slumps 5%
The S&P BSE Power index was trading 0.07 per cent up at 1916.88 around 11:06 am.
Share market update: Power shares mixed; Tata Power gains 3%
The S&P BSE Power index was trading 0.09 per cent up at 1910.21 around 11:03 am.
Andhra Pradesh government makes key changes to its policies on solar, wind and hybrid power
In an order, the Jagan Mohan Reddy government said it has observed statutory audit has reported an abnormal spurt in power purchase cost and deteriorated financial position of the Discoms.
Satyam case: SC restores Sebi's power to restrain erring auditing firms
The Supreme Court on Monday stayed a direction in the order of Securities Appellate Tribunal (SAT), which stopped market watchdog Sebi, from...
Share market update: SBI Life, Reliance Power among top losers on BSE
The Nifty index was trading 13.35 points up at 11,897.85.
SC stays SAT's order holding that Sebi lacks power to bar auditors
The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.
Wind power producers sever ties with bankrupt Senvion
India is said to be scaling down contracts with Hamburg-based turbine manufacturer Senvion after its solvency filed in German court of law. Alfanar Energy, which had signed a contract with Senvion for a 300 MW project in India, terminated the order and awarded it to Siemens Gamesa Renewable Energy.
Govt mulling to reduce upfront payment for larger coal blocks to attract investors
The matter had come up for discussion during the meeting of a high-level committee under the chairmanship of Niti Aayog Vice-Chairman, sources privy to the development said. "During the meeting, it was discussed that for larger blocks the upfront payment was more. So in order to attract investors, it was opined that the upfront payment should be reduced."
Share market update: Infra stocks mixed; Bharti Infratel jumps 5%
The Nifty Infrastructure index was trading 1.16 per cent up at 3286.20 around 12:47 pm.
Share market update: Metal shares decline; Vedanta dips 2%
The Nifty Metal index was trading 0.61 per cent down at 2524.05 around 10:37 am.
Govt within its rights to waive interest on dues of telcos: Harish Salve
Referring to the inclusion of components such as trade discounts, discounts on prepaid tariffs and forex fluctuations in the computation of AGR, Salve in his legal opinion said that in the past, the telecom tribunal headed by a retired judge had held that the demands of the government were “illegal”.
Morgan Stanley maintains overweight on JSPL, target price Rs 139
Overweight Jindal Steel & Power Ltd. at a price target of Rs 139.0 .
Green certificate sales down 2.25 pc to 6.87 lakh in October
Owing to lower supply in comparison to last year's, there is a dip in the sales of renewable energy certificates to 6.87 lakh units from 7.03 lakh in 2018. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity.
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