State-owned Indian Oil Corp (IOC) has emerged as the biggest bidder for city gas licences in the 10th bid round that also saw Adani Group, Hindustan Petroleum Corp Ltd (HPCL) and Indraprastha Gas Ltd as the other prominent bidders, according to oil regulator PNGRB.
State govt raises electricity duty for consumers of BEST, Adani and Tata Power; move expected to raise Rs 1,100 crore
The electricity consumers in the city, who are already grappling with inflated bills, have got one more shock from the state government. The government has increased electricity duty for consumers of BEST
The Gujarat government last week passed an order to allow thermal power plants owned by Adani, Tata and Essar groups to pass on the higher cost of coal to discoms, which means that ultimately consumers will bear the brunt of higher power tariffs.
The Uttar Pradesh Cabinet on Monday approved selection of Adani Transmission and Power Grid Corporation for setting up transmission networks for evacuation of power from two thermal power projects —2×660 MW Obra-C project and 2×660 MW Jawaharpur project.
Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers, a source said.
The Supreme Court on Tuesday sought response from Adani Enterprises-led joint venture Parsa Kente Collieries to a plea seeking deallocation of two coal blocks in Chhattisgarh and filing of a criminal case for violation of allotment
Solar Energy Corporation of India’s 1.2GW hybrid solar and wind auction, the first in the country, drew bids from heavyweight players Adani and Softbank, but was still undersubscribed by 150MW.
The Supreme Court on Monday extended a lifeline to the three troubled imported-coal-based power plants of Tata, Adani and Essar in Gujarat by allowing the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements (PPAs) to facilitate pass-through of future fuel price escalation subject to a cap.
The three-member higher-power panel, formed by the Gujarat government, had recommended passing the burden of high fuel price to consumers, extention of the PPA and haircut to lenders to revive the stressed Adani and Tata Power projects.
With the Supreme Court giving the go-ahead to discoms and stressed power companies — Adani group and Tata Power — to appeal for amendment in power purchasing agreement (PPA) of Mundra projects, it is likely for the consumer
State Bank of India has approached the Supreme Court to implement the recommendations of a committee that had suggested increasing tariffs or waiving a portion of the loan owed by Adani, Tata and Essar Group’s power companies.