Indian Power Sector News

Cement sector outperformed Sensex in FY17 so far; UltraTech Cement, Shree Cement among top stocks to consider - Financial Express

Wed, 24/08/2016 - 12:58pm

Financial Express

Cement sector outperformed Sensex in FY17 so far; UltraTech Cement, Shree Cement among top stocks to consider
Financial Express
Power and fuel cost per tonne dropped by 13 per cent year-on-year on account of a sharp fall in petcoke price, which dipped by 40 per cent on year-on-year basis. Volume of cement companies under the coverage of ICICI Securities jumped by 9 per cent ...

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Renewables and microgrid tech key to drive India's eco-efficient data center growth - Business Standard

Wed, 24/08/2016 - 11:59am

Business Standard

Renewables and microgrid tech key to drive India's eco-efficient data center growth
Business Standard
ABB expertise in this sector entails a range of solutions which seamlessly offer grid connection, integration of renewables to power distribution and protection along with state of the art data infrastructure management systems, taking the efficiency ...

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In a slow world economy, India is a ray of hope: PM Narendra Modi on LinkedIn - Financial Express

Wed, 24/08/2016 - 11:26am

Financial Express

In a slow world economy, India is a ray of hope: PM Narendra Modi on LinkedIn
Financial Express
... India is a ray of hope: PM Narendra Modi on LinkedIn. PM Modi is one of the 'power profiles' on the business-oriented social networking website LinkedIn, with more than 18 lakh followers. ... And about the railway sector, Modi wrote: “As far as the ...
NITI Aayog: PM Narendra Modi reviews progress of key infrastructure sectorsThe Indian Express
PM asks infrastructure ministries to adopt new technologiesEconomic Times

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Trouble may be brewing at Intex, 200 employees quit - Times of India

Wed, 24/08/2016 - 11:15am

Times of India

Trouble may be brewing at Intex, 200 employees quit
Times of India
A sector expert familiar with Intex's operations said planning has almost come to a standstill for two to three months, with no new significant model in the pipeline. "If they don't do anything this quarter, they're in deep trouble...there won't be an ...

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Fundamental picks by Sharekhan: Buy Gabriel India, Grasim, UltraTech Cement - Financial Express

Wed, 24/08/2016 - 8:46am

Financial Express

Fundamental picks by Sharekhan: Buy Gabriel India, Grasim, UltraTech Cement
Financial Express
Cement sector: The earnings of the cement companies under the coverage of Sharekhan grew by 76 per cent year-on-year on the back of lower cost for power and fuel (down 23 per cent YoY) and lower freight (down 6 per cent YoY), which led to over 550 ...

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Railways rationalises coal tariff, calls move 'revenue neutral' - The Indian Express

Wed, 24/08/2016 - 2:50am

The Indian Express

Railways rationalises coal tariff, calls move 'revenue neutral'
The Indian Express
For thermal power plants, coal transportation accounts for up to 25 per cent of power tariffs. Facing shortfall in freight loading, primarily due to tepid core sector growth in the country, Indian Railways on Tuesday rationalised its tariffs for coal ...
Railways coal freight rate revision to hike costs: Power firmsLivemint
Stung by negative growth, Indian Railways does U-turn, hikes freight ratesFinancial Express
Railways raises short distance coal freightBusiness Standard
VCCircle -World Coal
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Railways coal freight rate revision to hike costs: Power firms - Livemint

Wed, 24/08/2016 - 2:07am

Livemint

Railways coal freight rate revision to hike costs: Power firms
Livemint
While the private sector power producers said it will raise power generation costs for several plants, the railways maintained the exercise was revenue-neutral for the national carrier. According to Railway Board member (traffic) Mohammad Jamshed, the ...

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Railways raises short distance coal freight - Business Standard

Wed, 24/08/2016 - 1:14am

Livemint

Railways raises short distance coal freight
Business Standard
Coal accounts for almost 50 per cent of Indian Railways' freight basket. The commodity ... Analysts said since most users are now trying to procure coal from close by, companies in power, steel and cement sectors are likely to be impacted the most ...
Railways coal freight rate revision to hike costs: Power firmsLivemint
Railways rationalises coal tariff, calls move 'revenue neutral'The Indian Express
Indian Railways: Coal freight revision cost-neutral; analysts say power stations could raise tariffFinancial Express
VCCircle -World Coal
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Have the banking sector's losses bottomed out? - Business Standard

Wed, 24/08/2016 - 1:06am

Business Standard

Have the banking sector's losses bottomed out?
Business Standard
While gross non-performing assets (NPAs) of the Indian banking system are expected to rise further in this financial year, the pace of deterioration is likely to moderate, as banks, prodded by the Reserve Bank of India (RBI), were aggressive in ...

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Only major firms relishing masala bonds - Business Standard

Wed, 24/08/2016 - 12:08am

Only major firms relishing masala bonds
Business Standard
“Masala bonds have good potential for being a viable strategic option for Indian corporates to raise financing from global investors,” said Mickey Doshi, Credit Suisse India Country CEO. “The HDFC masala transaction paved the way for more issuers to ...

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Indian Railways: Coal freight revision cost-neutral; analysts say power stations could raise tariff - Financial Express

Tue, 23/08/2016 - 8:18pm

Financial Express

Indian Railways: Coal freight revision cost-neutral; analysts say power stations could raise tariff
Financial Express
Stung by negative growth in freight revenue in the June quarter, Indian Railways on Tuesday hiked the cost of freight for several consumers of coal, the commodity that accounts for 45% of its receipts from transportation of goods: it raised the freight ...
Railways 'rationalises' coal freight tariff due to falling revenueVCCircle
Coastal shipping of coal would slash costsWorld Coal

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Markets end flat amid volatility; F&O expiry eyed - Business Standard

Tue, 23/08/2016 - 3:57pm

Business Standard

Markets end flat amid volatility; F&O expiry eyed
Business Standard
Markets ended flat as investors turned cautious ahead of the expiry of August derivative contracts on Thursday while foreign investors turning sellers capped further upside. Further, investors are also awaiting signals from the central bankers' meet in ...

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January Budget to Bring More Efficiency, Says Indian Taxman - BloombergQuint

Tue, 23/08/2016 - 3:46pm

BloombergQuint

January Budget to Bring More Efficiency, Says Indian Taxman
BloombergQuint
Industries such as power, cement, and steel, that rely on the transport of coal for fuel supply will be negatively impacted by the rationalisation of this coal tariff structure. Shares of ... We have a few more projects from the government sector in ...

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Live: Sensex, Nifty Recover Losses to End Flat After Last Hour Rally in IT, Bank Stocks - BloombergQuint

Tue, 23/08/2016 - 3:37pm

BloombergQuint

Live: Sensex, Nifty Recover Losses to End Flat After Last Hour Rally in IT, Bank Stocks
BloombergQuint
We are seeing some turnaround in Indian market as we expand in water and road projects. Those two areas we are seeing traction and are expecting more projects in the pipeline. We have an order backlog in steel sector, but we believe there's an upside ...

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Gujarat to switch on the first ever 'India power week' in Vadodara ... - Times of India

Tue, 23/08/2016 - 3:30pm

Gujarat to switch on the first ever 'India power week' in Vadodara ...
Times of India
As part of Prime Minister Narendra Modi's 'Make in India' initiative, Government of Gujarat under the Gujarat Urja Vikas Nigam Limited will host India's largest ...

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Tata Power Company drops after weak Q1 outcome - Business Standard

Tue, 23/08/2016 - 3:14pm

Livemint

Tata Power Company drops after weak Q1 outcome
Business Standard
Tata Power Company said that Q1 bottom line was impacted due to one off items as well as first time impact on account of Indian Accounting Standards (Ind AS). During Q1 June 2016, the company's wholly-owned subsidiary Coastal Gujarat Power ... is India ...
Tata Power 1Q profit plunges 76% as expenses mountNikkei Asian Review

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India's Growth Forecast To Tick Up To 7.8% In 2017 - Forbes

Tue, 23/08/2016 - 2:57pm

Zee Business

India's Growth Forecast To Tick Up To 7.8% In 2017
Forbes
For example, to encourage manufacturing activity there has been a concerted focus on improving the ease of doing business through programmes such as Make in India, Start Up India etc. Similarly, to address the power sector woes, it has introduced the ...
Dismal investments from private sector are ebbing India's growth storyZee Business

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Finland's Wärtsilä eyes India's renewables sector - Livemint

Tue, 23/08/2016 - 2:53pm

Livemint

Finland's Wärtsilä eyes India's renewables sector
Livemint
“Taking into account the targets for renewable energy capacity, for example, of having 100 giga watt (GW) of solar power capacity by 2022, we are keen to be part of the opportunity, including in grid balancing,” said Kohtamäki. India has set a target ...

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Markets trim losses; Nifty reclaims 8600 - Business Standard

Tue, 23/08/2016 - 2:41pm

The Indian Express

Markets trim losses; Nifty reclaims 8600
Business Standard
Moody's Investors Service on Monday said continued reforms to enhance business environment and moderate inflation would help India achieve robust growth but cautioned that rising contingent liability risks in the banking sector could affect its credit ...
Sensex dips over 91 points on fading rate cut hopesThe Indian Express

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Toshiba JSW Ships its First “Made-in-India” Super-critical Steam Turbine Generator from Chennai Facility - Economic Times

Tue, 23/08/2016 - 12:12pm

Economic Times

Toshiba JSW Ships its First “Made-in-India” Super-critical Steam Turbine Generator from Chennai Facility
Economic Times
It is estimated that India will spend around Rs 65 lakh crore on the power sector in the next 15 years to meet its growing demands and providing clean, affordable and 24/7 electricity to its citizens," said Goyal, who also holds the Coal and Renewable ...

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