PM Modi meets officials of power utilities to tackle mounting debt

Last Updated: Monday, September 14, 2015, 15:31

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.

Govt to create two e-auction windows

Last Updated: Friday, July 3, 2015, 17:18

The government will create two dedicated e-auction windows for coal, targeted at the stressed power companies without blocks or linkages till the new framework is out.

Jaypee initiates steps to disinvest assets worth Rs 22,000 cr

Last Updated: Wednesday, June 3, 2015, 18:47

The shares of Jaiprakash Associates closed at Rs 13.05 a piece on BSE, down 20.67 percent.

Bidding process to rescue Rs 60,000 crore power plants begins

Last Updated: Friday, May 8, 2015, 19:45

The bidding process to rescue stranded power projects worth Rs 60,000 crore began on Friday with the companies putting in bids to be technically qualified for getting government's financial support.

EU probes state aid to power companies

Last Updated: Wednesday, April 29, 2015, 18:24

The EU launched an investigation Wednesday into government subsidies used to help power companies avoid electricity blackouts, in the latest major probe unveiled by the bloc`s combative new competition watchdog.

Post-coal bids, power cos may face Rs 1,350 cr deficit: Crisil

Last Updated: Thursday, March 19, 2015, 21:44

The recent coal block auctions might have addressed some fuel supply issues, but private power producers with nearly 10,000 MW capacity may have to face under-recovery to the extend of 65 paise per unit because of aggressive bidding, according to rating agency Crisil said.

CIL arm plans to allocate accumulated coal to power consumers

Last Updated: Monday, December 29, 2014, 19:30

The development comes at a time when the country is grappling with coal shortages and as many as 42 thermal power plants are facing significant fuel deficit.

LT of imported coal landed at Mundra port: Coal India

Last Updated: Monday, December 15, 2014, 17:25

State-owned Coal India Ltd Monday said the first shipment of 1.79 lakh tonnes of imported coal has landed at Mundra port and would be supplied to the power companies.

CAG scrutinising accounts of Delhi discoms

Last Updated: Friday, January 31, 2014, 17:41

The Comptroller and Auditor General (CAG) has started scrutinising accounts of the three private power distribution companies amid their confrontation with the Delhi Government over a number of issues.

Goldman starts Power Grid with ''buy'' rating

Last Updated: Monday, January 20, 2014, 11:55

Goldman Sachs initiates coverage on Indian power companies with a "buy" rating on Power Grid Corp of India Ltd, saying the sector could benefit from recent reforms, although the magnitude of power tariff hikes could be the biggest risk.

CAG audit of private power companies to begin today

Last Updated: Thursday, January 2, 2014, 05:33

Comptroller & Auditor General (CAG) audit of private power distribution companies will start from Thursdday after Aam Aadmi Party (AAP) government stood his ground stating that there are enough reasons to audit the companies.

Delhi CM Arvind Kejriwal orders CAG audit of private power companies from Thursday

Last Updated: Wednesday, January 1, 2014, 19:04

Aam Aadmi Party chief Arvind Kejriwal on Wednesday stood firm on the decision to audit the power companies saying that there are enough reasons for the companies to be audited.