Finance

Powergrid approves investment worth Rs 191.85 billion across four transmission projects (India) Power Grid Corporation of India Limited (Powergrid) has approved an investment of Rs 191.85 billion for implementing four transmission projects. Of this, Rs […]

Confirming the rumours surrounding the company for almost a year, SunEdison filed for Chapter 11 bankruptcy protection on April 21, 2016, thus commencing the process to restructure the company. This step was taken in light […]

Powergrid accords investment approval for eight transmission projects (India) Powergrid’s board has accorded investment approval for the implementation of eight transmission projects. The approved projects are the Rs 8.44 billion Common Transmission System for Phase […]

The power sector continues to witness significant mergers and acquisitions (M&As). In a recent development, integrated power utility India Power Corporation Limited (IPCL), formerly known as DPSC Limited, signed an agreement with France-based ENGIE Global Developments […]

RInfra demerges to create REGSPL (India) Reliance Infrastructure Limited (RInfra) has demerged its Mumbai Power Generation, Transmission and Distribution Division; Goa Power Station Division; Samalkot Power Station and Windmill Division into a separate subsidiary called […]

The central government recently concluded the sale of 5 per cent stake in NTPC Limited, garnering about Rs 50.3 billion from it. This was the second largest divestment in 2015-16 after the divestment in Indian […]

The role of project financing has expanded for the transmission segment with the government’s thrust on tariff-based competitive bidding of projects. Each year, an increasing number of projects are being awarded to private players. Given […]

Powergrid approves Rs 3.28 billion investment for transmission projects (India) In order to ramp up two transmission projects, the board of Powergrid Corporation of India Limited (Powergrid) approved an investment of Rs 3.28 billion. These […]

Powergrid approves Rs 25.1 billion investment across various transmission projects (India) The board of Power Grid Corporation of India Limited (Powergrid) has approved investments totalling Rs 25.1 billion across various transmission projects. It has approved investments of […]

Coastal Gujarat Power Limited (CGPL), a wholly owned subsidiary of Tata Power Company Limited, has recently refinanced its outstanding rupee loans amounting to Rs 38.64 billion. The refinancing exercise will lead to annual interest savings […]