Power Grid Corporation of India pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 15 October, 2019 acquired Bhuj-11 Transmission (BTL)
Private players may be brought in to boost production at 66 small oil and gas fields by state-run Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) by the end of this financial year. At least 23 companies had shown interests in a pre-bid meeting held on September 17.
IT services major HCL Technologies will invest Rs 750 crore to set up two facilities in Andhra Pradesh that will help create 7,500 jobs in 10 years. According to an official statement, HCL is setting up its operations in Andhra Pradesh in two phases. In the first phase, the Noida-based company will invest Rs 400 crore to build a R&D centre in Kesarapalli village in Gannavaram. The facility is expected to accommodate more than 4,000 IT professionals, it said. The phase-I will commence with the foundation stone laying ceremony on October 8 and is expected to be completed in seven years’ time, employing more than 4,000 IT professionals, the statement added. The phase II will be taken up later in Amaravati, the new capital of Andhra Pradesh in a campus of 20 acres. The investment for this phase is expected to be Rs 350 crore and will include about 3,500 IT professionals in five years’ time. …
Uninterrupted power supply is a political hot potato that can bring a government down in an election. India also managed to electrify all villages during the first tenure of the Modi government. Now, the users in these newly electrified villages would also be expecting 24×7 power supply.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 14 October, 2019 acquired Fatehgarh-11 Transco (FTL), the Project SPV to establish Transmission system for Transmission system associated with LTA applications from Rajasthan SEZ Part-B
The Ministry of Power has drafted a model plan for states to have multiple private franchisees as power suppliers, opening up the distribution sector in India. This paves the way for the second round of reforms by the Bharatiya Janata Party (BJP)-led central government
Larsen & Toubro (L&T) Monday said the power transmission and distribution business of its arm L&T Construction has bagged orders worth Rs 1,881 crore in the domestic and international markets. “The business has secured major orders for constructing 22 132/11kV substations in Kuwait,” the engineering and construction major said in a BSE filing. Additional orders have been received from ongoing transmission line projects in India and Egypt, it added. The company said it has also received orders for implementation of a high voltage distribution system in the semi-urban and rural areas of Kharagpur and Midnapur in West Bengal. Shares of the company were trading at Rs 1,227.30 apiece, down 0.16 per cent, from the previous close on BSE. …
The Centre has threatened the Andhra Pradesh government that it will deny access to the Central pool of electricity and power exchanges if it fails to open the letters of credit (LCs) for the wind and solar power producers having power purchase agreements (PPAs) within the next two days.
In order to promote Make in India initiative, ships built in the country will now get priority in chartering under a new policy, the government said Monday. Shipping Minister Nitin Gadkari will launch the revised guidelines in this direction on Tuesday.
Prime Minister Narendra Modi’s recent visit to the United States was marked by a $2.5-billion long-term liquefied natural gas (LNG) deal. Though the government expects a surge in LNG demand, industry players are sceptic of natural gas use in India’s energy basket.