Posts by T&D India
Sterlite Power sells stake in IndiGrid, exits role as sponsor
- Aug 15, 2020
Sterlite Power has successfully sold of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth individuals (HNI) investors. Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw Read more
COVID-19 impact: MNRE grants five-month extension to developers
- Aug 14, 2020
In a very apt move, the Union Ministry of New & Renewable Energy (MNRE) in a recent circular said that all renewable energy implementing agencies under MNRE will treat the lockdown due to the COVID-19 pandemic as “force Read more
PXIL highlights key power market regulatory reforms and insights
- Aug 14, 2020
Ahead of the public hearing of the Central Electricity Regulatory Commission (Power Market) Regulations 2020, the Power Exchange India Ltd (PXIL),conducted its 2ndMarket Advisory Committee and stakeholder consultation meetingto discuss key market regulatory reforms concerning the power Read more
Greaves Cotton adds 40 dealerships for EV business
- Aug 14, 2020
Post Unlock 1.0, Greaves Cotton has added around 40 dealerships in its electric vehicle (EV) business, the company said in a press release. Today with more than 500+ Greaves retail touch-points, the company has emerged as one of largest Read more
Tata Power to merge three wholly-owned subsidiaries with itself
- Aug 13, 2020
Tata Power has announced its plan to merge three of its wholly-owned subsidiaries with itself with a view to achieving greater synergies. A recent release by Tata Power announcing its financial results for the quarter ending June 30, 2020, Read more
Adani Power’s Mundra supercritical unit creates national record
- Aug 13, 2020
Adani Power Mundra Ltd, a subsidiary of Adani Power Ltd, announced that one unit of at the Mundra thermal power plant in Gujarat has set a new national record by running continuously for 411 days. The unit is question Read more
Hitachi ABB Power Grids India: New orders inflow shows resilience to COVID-19
- Aug 13, 2020
Though the COVID-19 lockdown weighed heavily on the business of Hitachi Power Grids India, the company could still manage to rake in significant new orders. New order inflow in the April-June quarter of 2020 stood at Rs.567 crore that Read more
GE Power India sees lower order intake in Q1FY21
- Aug 12, 2020
GE Power India has seen a year-on-year decline in its order inflow during the first quarter of FY21. GE Group company GE Power India Ltd reported its financial results for the quarter ending June 30, 2020, on August 11, Read more
Siemens delivers technology for seventh offshore wind farm in North Sea
- Aug 12, 2020
Siemens Energy said that it will be supplying the HVDC power transmission technology for a further offshore connection in the German North Sea. A corresponding contract was signed by the German-Dutch network operator TenneT and the BorWin5 Offshore Consortium, Read more
PGCIL sees lower profits due to discom provisioning
- Aug 12, 2020
The net profit of Power Grid Corporation of India declined 17 per cent during the first quarter (April to June) of FY21, due to extraordinary provisioning towards discoms. PGCIL reported a net profit (classified as “total comprehensive income”) of Read more