Finance secretary says doesn't wants to curb RBI's powers

Last Updated: Monday, August 3, 2015, 16:21

Rajiv Mehrishi said it was not right to conclude on the basis of the draft bill that the government was trying to clip the central bank`s wings.

DERC likely to announce new tariff rates in a fortnight

Last Updated: Sunday, August 2, 2015, 11:05

The Delhi Electricity Regulatory Commission (DERC) will hold public hearing on August 4 and 5 as part of the process to finalise the tariff following which the rates for domestic and commercial consumers will be fixed.

IDFC to set aside additional Rs 2.5K cr as special reserve

Last Updated: Friday, July 31, 2015, 20:42

IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.

Sasan Power asks ministry to review order on mine capacity

Last Updated: Friday, July 31, 2015, 19:09

With government asking ReliancePower to restrict production from its coal mines in Moher and Moher Amlohri Extension blocks - linked to its Sasan UMPP - to 16 MTPA, Sasan Power has asked Coal Ministry to review its order.

CESC lines up Rs 3,000cr for renewables, acquisitions on radar

Last Updated: Friday, July 31, 2015, 16:27

Power utility CESC, which is increasingly focusing on renewable energy, has decided to pump in Rs 3,000 crore over 18 months to expand its capacity in this area to 500 MW.

RPower in HC on cancelling of mines allocated to Sasan Project

Last Updated: Thursday, July 30, 2015, 18:24

Reliance Power Ltd and its wholly owned subsidiary Sasan Power Ltd on Thursday moved Delhi High Court against the Centre's decision to cancel allocation of a coal block in Madhya Pradesh for the company's power project there.

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

Last Updated: Monday, July 27, 2015, 17:52

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

PFC stake sale fully subscribed, government may get Rs 1,600 cr

Last Updated: Monday, July 27, 2015, 12:19

PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

Power Finance Corp 5% stake on sale

Last Updated: Sunday, July 26, 2015, 16:21

"The floor price of the offer shall be Rs.254 per equity share of Power Finance Corporation (PFC)," the company said in a stock exchange filing.

Govt sets Power Finance offering base price at Rs 254/share

Last Updated: Saturday, July 25, 2015, 20:32

The government has set the base price for the offering of shares in state-run Power Finance Corp Ltd at Rs 254 a share, the company said on Saturday, a discount of 2.1 percent from Friday`s close.