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Gammon Infra to sell holdings in 9 SPVs - Business Standard

Indian Power Sector News - 20 hours 47 min ago

Financial Express

Gammon Infra to sell holdings in 9 SPVs
Business Standard
Brookfield Managing Partner Anuj Ranjan said the transaction represented Brookfield's first major investment in Indian infrastructure and provided it a platform to participate in the Indian growth story. The GIPL board has also recommended selling 50 ...
Gammon Infra sells stakes to Brookfield and Core Infra; cut debt by Rs 1718 croreDaily News & Analysis

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Gammon Infra sells stakes to Brookfield and Core Infra; cut debt by Rs 1718 crore - Daily News & Analysis

Indian Power Sector News - Fri, 28/08/2015 - 11:27pm

Daily News & Analysis

Gammon Infra sells stakes to Brookfield and Core Infra; cut debt by Rs 1718 crore
Daily News & Analysis
Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore. The transaction, one of the largest asset sales at ...
Gammon Infra to sell holdings in 9 SPVsBusiness Standard

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Centre will not bail out ailing discoms: Goyal - The Hindu

Indian Power Sector News - Fri, 28/08/2015 - 11:16pm

India.com

Centre will not bail out ailing discoms: Goyal
The Hindu
It may be mentioned that lack of demand, among other factors have led to acute distress in the Indian power sector with stranded projects and backed-down generation. The distribution companies in the power sector are among the worst-affected segments ...
Government to rationalise coal prices, says Piyush GoyalFinancial Express
West Bengal power minister praises Piyush GoyalIndia.com
Government to replace street lights with LED bulbs in next 2 yrsPress Examiner

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Brookfield plans India move, looks at Mytrah, Leap Green - Livemint

Indian Power Sector News - Fri, 28/08/2015 - 7:11am

Livemint

Brookfield plans India move, looks at Mytrah, Leap Green
Livemint
Brookfield had earlier tied up with India's largest power generation utility NTPC Ltd, GE Energy Financial Services, Asian Development Bank (ADB) and Kyushu Electric Power Co. Inc. for setting up 500MW of non-conventional power generation capacity.
Brookfield Renewable Energy Partners Eye Stake In Indian Project DevelopersCleanTechnica

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Power sector: Big challenges for developing economies - Financial Express Bangladesh

Indian Power Sector News - Thu, 27/08/2015 - 11:24pm

CleanTechnica

Power sector: Big challenges for developing economies
Financial Express Bangladesh
Besides, a massive employment is vital to a country's power sector. According to its 12th Five Years Plan, India would need a gigantic workforce of more than 650,000 people as the country had embarked on an ambitious programme in 2012 to generate more ...
Batteries: The Only Missing Link in India's Solar Energy StoryCleanTechnica

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Top ten stocks which are likely to benefit from Modi's Smart City mission - Economic Times

Indian Power Sector News - Thu, 27/08/2015 - 2:22pm

Top ten stocks which are likely to benefit from Modi's Smart City mission
Economic Times
The company is currently executing several contracts in India, Africa, the Middle East, Australia, CIS, SAARC, North America and Far East. The company already has an order of infrastructure from the railways, transmission order from Power Grid, and the ...

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Global coal price on downslide, no cheer for Indian power producers - Business Standard

Indian Power Sector News - Thu, 27/08/2015 - 1:33pm

Global coal price on downslide, no cheer for Indian power producers
Business Standard
The sharp decline in the prices of coal to $42.55 per tonne in global market is unlikely to bring any cheer to the imported coal based power producers. However, with cost of generation going down by as much as 35 per cent, the cases of 'compensatory ...

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'India picking up' is the narrative now: RBI Governor Raghuram Rajan - Times of India

Indian Power Sector News - Thu, 27/08/2015 - 9:52am

Times of India

'India picking up' is the narrative now: RBI Governor Raghuram Rajan
Times of India
If you unduly increase the cost of the auto sector, then can we get the same level of exports from there? So it has to be a very measured response. .... Because the creditors don't have as much power to develop possibilities. We made some advances with ...

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Private sector executives might become NTPC's first chairman and managing director - Economic Times

Indian Power Sector News - Thu, 27/08/2015 - 5:58am

Private sector executives might become NTPC's first chairman and managing director
Economic Times
MUMBAI: State-run power generator NTPC may get its first chairman and managing director from the private sector with the government expanding scope of search as incumbent Arup Roy Choudhury's term comes to an end. ... and it would also help if the age ...

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Government Shoots Down Power ARC Proposal - The New Indian Express

Indian Power Sector News - Thu, 27/08/2015 - 3:20am

Government Shoots Down Power ARC Proposal
The New Indian Express
A new ARC for power sector will also end up wasting taxpayers resources in a similar way, according to him. “Now this is certainly not a good idea that bank balance sheets are cleaned up but at the cost of government treasury,” the banking secretary said.

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FIIs sell $1.38 billion of equities in August, most since June 2013 - Livemint

Indian Power Sector News - Thu, 27/08/2015 - 12:44am

Livemint

FIIs sell $1.38 billion of equities in August, most since June 2013
Livemint
Also, they increased their stakes the most in IT, telecom, pharma and power sectors—by 4.73 percentage points, 4.46 percentage points, 3.50 percentage points and 3.41 percentage points, respectively, most in the since the uptick in the markets in ...

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Looming crisis - The Hindu

Indian Power Sector News - Thu, 27/08/2015 - 12:43am

Looming crisis
The Hindu
The crisis-ridden textile sector, being labour-intensive, should have been an ideal candidate for a push as part of the Prime Minister's pet 'Make in India' initiative, but as the issues it is mired in remain unresolved, and with losses mounting, the ...

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News in numbers | More Christian women than Christian men, says Census 2011 - Livemint

Indian Power Sector News - Wed, 26/08/2015 - 11:52am

Livemint

News in numbers | More Christian women than Christian men, says Census 2011
Livemint
India added about 40,000 MW (megawatt) of power generation capacity in the last two years, but demand increased only by about 10,000 MW. This is mainly because a significant chunk of people cannot afford to pay for electricity. Unless this changes, the ...

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Dipping Raw material costs: Commodity crash is infra's gain - The Indian Express

Indian Power Sector News - Wed, 26/08/2015 - 1:11am

The Indian Express

Dipping Raw material costs: Commodity crash is infra's gain
The Indian Express
Oil sector analysts say that as a general rule of thumb, a $1 per barrel of drop in import price of crude oil results into annual savings of around $1 billion for India. According to ... Also the fall in global coal prices brings down the cost of ...

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I Squared Capital backs solar power firm Amplus - VC Circle

Indian Power Sector News - Tue, 25/08/2015 - 4:09pm

VC Circle

I Squared Capital backs solar power firm Amplus
VC Circle
The company is headed by Sanjeev Aggarwal, former director - business development at AES (India) Pvt. Ltd, the Indian subsidiary of the US energy major AES Corp. The firm is one of the significant foreign investors in the Indian power sector. Amplus is ...

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Sensex, Nifty crack over 1%; Nifty at 1-year low - Business Standard

Indian Power Sector News - Tue, 25/08/2015 - 11:18am

Sensex, Nifty crack over 1%; Nifty at 1-year low
Business Standard
Among other shares, Glenmark is trading firm this morning on plans to launch generic Teneligliptin, a new third-generation oral anti-diabetic drug, at a substantially lower price compared to other Gliptins available in India. The stock is quoting at Rs ...

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Domestic fuel for Indian Oil sale offer - Business Standard

Indian Power Sector News - Tue, 25/08/2015 - 1:35am

Domestic fuel for Indian Oil sale offer
Business Standard
... public sector undertakings. Earlier this financial year, the government had raised Rs 1,610 crore from disinvestment in Rural Electrification Corporation, Rs 1,600 crore from Power Finance Corporation and Rs 145 crore from Dredging Corporation of ...

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Adani, SunEdison may drop joint venture plans - Livemint

Indian Power Sector News - Tue, 25/08/2015 - 1:16am

Livemint

Adani, SunEdison may drop joint venture plans
Livemint
It recently agreed to acquire Continuum Wind Energy Ltd, a Singapore-based company which owns and operates 242 megawatts (MW) of wind power plants in Maharashtra and Gujarat, besides a 170MW wind power unit under construction in Madhya Pradesh. Also ...

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I Squared Capital announces investment in Amplus Energy Solutions - Livemint

Indian Power Sector News - Mon, 24/08/2015 - 9:29pm

Livemint

I Squared Capital announces investment in Amplus Energy Solutions
Livemint
Amplus is headed by Sanjeev Aggarwal, former director, business development, AES (India) Pvt. Ltd, the Indian subsidiary of the US energy major AES Corp. The firm is one of the significant foreign investors in the Indian power sector. Mint reported on ...

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More opportunities, India will become world power: US envoy - Zee News

Indian Power Sector News - Mon, 24/08/2015 - 6:17pm

More opportunities, India will become world power: US envoy
Zee News
In this regard, Verma cited the example of how the US soybean industry, hoping to develop a market for US soybeans, partnered with India's aquaculture sector to adopt best practices for sustainable production of fish and shrimp.? That effort, he said ...

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