The Company said it is in advanced stages of commissioning projects of around 4,500 MW capacity in FY17.
India’s largest power generation company, NTPC LTD that meets nearly a quarter of the country’s power needs, said on Tuesday that it is spending Rs 1,60,000 Crore to implement a series of projects with an aggregate capacity of around 24,000 MW at 23 locations across the nation.
Essar Power Gujarat Ltd (EPGL), which owns and operates a 1,200 MW imported coal-fired thermal power plant at Salaya in Gujarat’s Devbhumi Dwarka district, has recorded an impressive 90% growth in EBITDA for the quarter year ended 30 June 2016.
An MoU in this regard was signed on Monday by S. K. Roy, ED (OS), NTPC and A. K. Gupta , Director (Finance), EESL. The objective of the MoU is to enable EESL to provide end to end ,state of the art energy efficient LED lighting and solutions in accordance with the requirement of NTPC.
NTPC and Energy Efficiency Services Limited (EESL) have joined hands for implementation of energy efficient LED lighting solutions for all NTPC’s Projects, stations and offices across the country.
“We at Sterlite like to stay away from projects that others can do….we do projects which only Sterlite or may be few other companies across the globe can do,” Pratik Agarwal CEO Sterlite Power Transmission.
India’s leading private developer of independent transmission systems (with largest pipeline of bid out projects), Sterlite Power Transmission Ltd is not just any other transmission company but a company with a difference. And what makes it different from the rest is the way this company make use of latest technologies from across the globe to beat timelines in executing challenging transmission projects in the toughest of terrains in India.
At the helm of affairs of this techno-freak company is its young CEO, Pratik Agarwal (33). A graduate from Wharton and an MBA from the London Business School, Pratik (also a flyer himself) has made his company the first in India to deploy air cranes for installation of transmission towers, use helicopter stringing for cables installations and drones for conducting aerial surveys.
So while most infrastructure companies –working in challenging terrains across India, are usually seen using hundreds of mules to carry the heavy machinery and equipment, Sterlite Power Transmission has gone way ahead by using disruptive technologies to execute the toughest transmission projects, be it on the mountainous terrains of Jammu and Kashmir or other challenging terrains including riverbeds of Ganga, Kosi and Narmada, known for their turbulent water flow.
The company celebrated its recent Green Masala Bonds listing by opening trading at the London Stock Exchange (LSE) on Friday.
Betting big on the renewable energy, India’s largest thermal power generation company, NTPC Ltd will invest Rs 2000 crore raised as Green Masala Bonds for generating 10,000 mw of solar power by 2022. This is to support India’s mega renewable energy plans to add 1,75,000 mw by 2022.
The company’s PAT rose to Rs. 1,335 crore from Rs. 388 crore in the corresponding quarter of the last fiscal. GAIL’s PAT excluding gain from stake sale in Mahanagar Gas Limited is Rs 846 crore, signifying an increase by 118%.
During the quarter, GAIL’s Petrochemical business has seen a turnaround with production and sales jumping 149% and 121% respectively as compared to corresponding period of the previous year. This resulted in revenue increase in this segment by 95% to Rs. 1,133 crore and the profit stood at Rs. 9 crore in this quarter as against loss of Rs. 397 crore in the corresponding period of the previous year.
Aravali Power Company Pvt. Ltd. (APCPL), Jhajjar has been supplying power to the BSES DISCOMs in Delhi, viz BSES Rajdhani Power Ltd. (BRPL) & BSES Yamuna Power Ltd. since 05.03.2011. The power allocated to these DISCOMs from APCPL is 445 MW (372 MW & 73 MW respectively) & average monthly energy bill is presently of the order of Rs. 87 Cr. (Rs. 73 Crs. & Rs. 14 Crs. respectively) for the current financial year.
Asks RIL to return benefits of migrated gas back to the government; pulls up ONGC and asks Centre to examine inactivity on part of ONGC in developing oil and gas in India.
Justice AP Shah panel confirms migration of 11.125 billion cubic meters of gas from ONGC’s blocks to RIL’s block in the Krsihna Godavari basin. Upholding the findings made by the international consultant D&M in its report, the Justice AP Shah Committee in its report has ratified the connectivity between the reservoirs in RIL’s KG-DWN-98/3 and that of ONGC’s– KG-DWN-98/2 and Godavari PML blocks. In simpler terms, this report further proves that ONGC’s gas migrated from its two blocks in the KG basin (Godavari PML and KG-DWN-98/2) to the adjacent RIL’s block, KG-D6.