Multiple tariff structures have become a reason of corruption in some centres. All States have agreed to consider changes in their power tariff structures.
The state’s agree in principal to the NTPC’s proposal on pooling cost of power generated from all sources and arriving at a average fixed cost that will lower the cost of power purchases thereby accruing lots of savings to distribution companies.
With the cheapest power from Bhakra Nangal and Beas projects all set to fall in the first quarter due to depleted level of water at reservoirs, the power utilities in Punjab and Haryana will have to spend extra buck to maintain adequate supply.
India’s mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.
Axis Bank, Barclays Bank, ICICI, MUFG, and Standard Chartered Bank were the bookrunners for the offering.
India’s largest power generating company, NTPC Ltd on Wednesday raised Rs 2000 crore through rupee denominated bonds or masala bonds. This forms part of NTPC’s $4 billion medium term note programme for funding its capital expenditure needs.
The Business Transfer Agreement (BTA) will pave the way for transforming Kota to a smart city by providing clean energy to boost up industrialization and setting up CNG corridor between Kota & Jaipur and Kota – Baran – Jhalawar besides providing green energy to the industrial clusters at Baran – Jhalawar adjoining areas of Kota.
In a significant step towards making Rajasthan a key base for setting retail gas infrastructure and opening CNG corridors connecting key cities, a Business Transfer Agreement (BTA) has been signed between RSGL and GAIL Gas Ltd on Tuesday.
Hindustan Petroleum Corporation Limited (HPCL), one of the biggest Navratna Public Sector oil Companies in India will be setting up a 9 MMTPA (Million Metric Tonnes Per Annum) capacity grass root Refinery cum Petrochemical Complex at Barmer, in Rajasthan in Joint venture with Government of Rajasthan (GOR). This estimated cost of the project is Rs.43,129 crore.
In a review of NHAI projects on Tuesday, Gadkari said that while a record 16,271 km of National Highways have been awarded and 8231 km constructed during the year 2016-17, work needs to be done at a much faster pace to award more projects and construct those that have been awarded.
The Minister of Road Transport & Highways and Shipping, Shri Nitin Gadkari has emphasized on fast tracking the award and construction of National Highways projects