Indian Power Sector News

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IT companies hope for best from Donald Trump regime - The Indian Express

Wed, 09/11/2016 - 6:37pm

The Indian Express

IT companies hope for best from Donald Trump regime
The Indian Express
The Indian IT industry on Wednesday leaned on US President-elect Donald Trump's business credentials to hope he would not push through with his pre-election anti-outsourcing rhetoric, given the key role the sector plays in keeping American economy ...
Indian IT industry congratulates Donald Trump, fear backlashMoneycontrol.com

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What Donald Trump as America's 45th President means for India - Business Standard

Wed, 09/11/2016 - 1:21pm

Business Standard

What Donald Trump as America's 45th President means for India
Business Standard
For all the money Ford India earns, it pays the same corporate tax rate in India as it does in the U.S. If Trump were to come true on his promise to slash corporate tax to 15%, Ford India could well be tempted to move a part of its revenue earning ...
IT companies hope for best from Donald Trump regimeThe Indian Express
Donald Trump's Win: What It Means For Indian IT?CXOToday.com
Trump may not be all that bad for IndiaDailyO
Catch News
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Power sector eyes bright future on the back of productive 2016 - Free Press Journal

Wed, 09/11/2016 - 9:45am

Free Press Journal

Power sector eyes bright future on the back of productive 2016
Free Press Journal
The year 2016 has been quite happening for power sector with soft coal prices; visibility of regular supplies; mitigation of financial stress on balance sheets; and power trading getting to critical mass level. But on ground, there is still lot of work ...

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Bharat Forge to divests its 49% stake in Alstom JV for 230cr - Times of India

Wed, 09/11/2016 - 1:05am

Livemint

Bharat Forge to divests its 49% stake in Alstom JV for 230cr
Times of India
Pune: City-based Bharat Forge said it will divest its 49% stake in the power equipment joint venture (JV) with French multinational Alstom for a total consideration of $35 million (approx. Rs 230 crore). Singapore-based GE Pacific Private Limited will ...
Bharat Forge Q2 net down 26 pc to Rs 126.89 crBusiness Standard

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Bharat Forge Q2 net down 26 pc to Rs 126.89 crore - Moneycontrol.com

Tue, 08/11/2016 - 8:00pm

Moneycontrol.com

Bharat Forge Q2 net down 26 pc to Rs 126.89 crore
Moneycontrol.com
Bharat Forge said its board of directors has approved divestment of the company's entire shareholding in ALSTOM Bharat Forge Power Pvt Ltd for a consideration of USD 35 million (Rs 233 crore). The investment value is Rs 173 crore, it added. The JV ...
Bharat Forge Q2 PAT declines 26.4% at Rs 1268 millionETAuto.com
BHEL posts Rs 138 cr profit in Q2FY17 after 14 quarters of negative topline growthBusiness Standard
Bharat Forge's top line shrinks in Q2FY17Dalal Street Investment Journal

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Bharat Forge Q2 net down 26 pc to Rs 126.89 cr - Business Standard

Tue, 08/11/2016 - 7:33pm

Moneycontrol.com

Bharat Forge Q2 net down 26 pc to Rs 126.89 cr
Business Standard
The JV, incorporated in Delhi with its manufacturing facility based in Sanand in Gujarat, was formed in 2009 to address expansion in the Indian power sector, it added. The transaction is subject to regulatory and other approvals, the company said ...
Bharat Forge Q2 PAT declines 26.4% at Rs 1268 millionETAuto.com

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Bharat Forge Q2 PAT declines 26.4% at Rs 1268 million - ETAuto.com

Tue, 08/11/2016 - 3:18pm

NDTV

Bharat Forge Q2 PAT declines 26.4% at Rs 1268 million
ETAuto.com
... Forge has approved divestment of its 49 percent stake in the power equipment joint venture with Alstom for US$ 35 million. The joint venture, with its manufacturing facility in Sanand, was formed in 2009 to address the expansion in the Indian power ...
Bharat Forge Q2 net down 26 pc to Rs 126.89 crBusiness Standard

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Asian Development Bank $48 million loan to help Assam improve power distribution - The Indian Express

Tue, 08/11/2016 - 2:51pm

The Indian Express

Asian Development Bank $48 million loan to help Assam improve power distribution
The Indian Express
This is the second tranche loan of the USD 300 million multi-tranche financing facility for the Assam Power Sector Investment Programme that was approved by the ADB Board in July 2014, Finance Ministry said in a statement on Tuesday. The project will ...

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India steps up civil nuclear deal with Canada, Russia - Economic Times

Tue, 08/11/2016 - 11:54am

Financial Express

India steps up civil nuclear deal with Canada, Russia
Economic Times
Both Russia and Canada are strong backers for India's entry into the elite nuclear club, with Moscow trying to influence Beijing to lift its veto against India's membership. An NSG membership will enable India to expand its civil nuclear energy sector ...
Nuclear Deal, Infrastructure Projects and Handling China: What to Expect From Modi's Japan VisitThe Wire

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GMR Infrastructure Ltd. announces consummation of strategic investment by Tenaga Nasional Berhad, Malaysia in ... - Equity Bulls

Tue, 08/11/2016 - 11:26am

Livemint

GMR Infrastructure Ltd. announces consummation of strategic investment by Tenaga Nasional Berhad, Malaysia in ...
Equity Bulls
This Foreign Direct Investment (FDI) from Tenaga Nasional Berhad is the first of its kind in the Indian power sector and represents the underlying strengths of the industry inspite of the headwinds being faced over the last few years. The transaction ...
GMR Energy allots 30% stake to Tenaga for $300 millionLivemint

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Temporary Shut Down of The Polluting Coal-Based Power Plant At Badarpur Offers No Solution To Combat Increasing ... - EnergyInfraPost

Tue, 08/11/2016 - 11:21am

EnergyInfraPost

Temporary Shut Down of The Polluting Coal-Based Power Plant At Badarpur Offers No Solution To Combat Increasing ...
EnergyInfraPost
GAIL (India) Limited has been supplying gas from domestic and imported sources for partial power generation to PPCL, Bawana. Delhi can immensely benefit from gas based power generation as the coal-fired plant located at Badarpur releases several ...

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Azure Power raises $470 mn for solar projects in India - Business Standard

Tue, 08/11/2016 - 1:50am

Azure Power raises $470 mn for solar projects in India
Business Standard
“The tie-up of one of the largest financings for pure-play solar power projects is a testament to our record of strong development, engineering, and execution capabilities. We intend to use the proceeds to grow organically and to continue development ...

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Top experts to meet on air pollution mitigation in Delhi - The Indian Express

Tue, 08/11/2016 - 12:25am

The Indian Express

Top experts to meet on air pollution mitigation in Delhi
The Indian Express
As such, a team of experts from India and California collaborated two years ago and produced twelve steps for reducing pollution from the transport sector, Sumit Sharma, Fellow at TERI told Newsline. Launching a Clean Air Mission (CAM-INDIA) should ...

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Azure Power raises $470 million for solar projects in India - Business Standard

Mon, 07/11/2016 - 10:58pm

Business Standard

Azure Power raises $470 million for solar projects in India
Business Standard
The company said this is one of the largest financing done till date in the Indian solar sector. With this tie-up, Azure Power's cumulative financial commitment to the solar sector in India has crossed over $1 billion. Azure Power recently raised ...
Azure Power obtains USD 470m for India solarSeeNews Renewables
Azure Power ties up $470 million in fundingLivemint
Azure Power secures US$470 million for Indian solar projectsPV-Tech

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Azure Power obtains USD 470m for India solar - SeeNews Renewables

Mon, 07/11/2016 - 8:22pm

SeeNews Renewables

Azure Power obtains USD 470m for India solar
SeeNews Renewables
Azure Power, which listed its shares on the New York Stock Exchange in October and has been trading below its offer price since then, said that this is one of the largest financing deals done in the Indian solar sector to date. The company has secured ...
Azure Power Announces Tie-up of US$ 470 Million FinancingPR Newswire (press release)
Azure Power secures US$470 million for Indian solar projectsPV-Tech
Azure Power ties up $470 mn funding for projectsMoneycontrol.com

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Azure Power Announces Tie-up of US$ 470 Million Financing - Business Wire India (press release)

Mon, 07/11/2016 - 7:09pm

Azure Power Announces Tie-up of US$ 470 Million Financing
Business Wire India (press release)
Azure Power (NYSE: AZRE), a leading independent power producer in the solar power sector in India, announces it has tied-up approximately US$ 470 million financing for its projects to be commissioned in 2017. This is one of the largest financing done ...

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Azure Power Announces Tie-up of US$ 470 Million Financing - PR Newswire (press release)

Mon, 07/11/2016 - 7:01pm

PR Newswire (press release)

Azure Power Announces Tie-up of US$ 470 Million Financing
PR Newswire (press release)
Azure Power (NYSE: AZRE), a leading independent power producer in the solar power sector in India, announces it has tied-up approximately US$ 470 million financing for its projects to be commissioned in 2017. This is one of the largest financing done ...
Azure Power obtains USD 470m for India solarSeeNews Renewables

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Theresa May's Visit Pushes More 'Masala Bonds' - News18

Mon, 07/11/2016 - 5:18pm

News18

Theresa May's Visit Pushes More 'Masala Bonds'
News18
Indian Power Minister Piyush Goyal announced that $1 billion of rupee bonds would be listed in London by Indian public sector energy corporates in 2016. Other companies that raised funds in London include Axis Bank-listed $500 million green bond, India ...

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Temporary Shut Down of The Polluting Coal-Based Power Plant At Badarpur Offers No Solution To Combat Increasing ... - EnergyInfraPost

Mon, 07/11/2016 - 4:15pm

EnergyInfraPost

Temporary Shut Down of The Polluting Coal-Based Power Plant At Badarpur Offers No Solution To Combat Increasing ...
EnergyInfraPost
India's power sector, based predominantly on coal-fired plants, is one of the most polluting sectors of Indian industry. No country in the world uses coal as poor in quality as India, so our pollution challenges are huge. Power sector is a critical ...
Top experts to meet on air pollution mitigation in DelhiThe Indian Express

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High imported coal price may hit power sector: Report - The New Indian Express

Mon, 07/11/2016 - 3:34pm

The New Indian Express

High imported coal price may hit power sector: Report
The New Indian Express
NEW DELHI: The rise in imported coal prices is likely to have a negative impact on the power sector value chain as higher rates create "volume and profitability pressures" on discoms that are not able to pass on fuel cost increase to end-consumers due ...

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