Some of India's most indebted infrastructure and steel groups are considering so-called masala bonds to diversify their funding options as local banks tighten lending, investment banking sources with direct knowledge of the situation said.
At least 10 of the 18 buyers, who had signed power purchase agreements (PPAs) to procure power from Reliance Power's 4,000-megawatt (Mw) ultra mega power project (UMPP) at Tilaiya, have agreed to terminate the PPAs with the Anil Ambani-led company.
Pushing for investments and growth, government on Friday reviewed the capital expenditure programme of state-owned companies and impressed upon them to complete projects in the remaining part of the fiscal.
The Union power ministry appears to have cast its net wide to select the best global talent to head NTPC Limited — India’s largest power producer, in which the government owns a stake of around 75 per cent.
NTPC, the country’s largest power generator, posted a 40 per cent increase in profit at Rs 2,898 crore for the quarter ending September, compared to Rs 2,072 crore during same period last financial year.
NTPC, the largest state owned power generator, posted an increase of 40% in its profit during quarter ending September 2015. This comes after its income and profit had declined in the first quarter due to weak power demand.
Spread over some 1,700 acres in the Ratnagiri district of Maharashtra, the Dabhol power project has worked only intermittently ever since its American promoter, the erstwhile Enron Corporation, left it in a jam in 2001.It has been in the custody of
Scroll past vacancies at McKinsey & Co and the United Nations on The Economist's jobs board, and you soon come to an opening for chairman and managing director at India's top state-run electricity generator NTPC Ltd.
Siemens Ltd today announced that together with its parent company Siemens AG, it has won an order totalling approximately Rs 183 crore from NTPC Ltd. The component of Siemens Ltd in the order is of Rs 97 crore.
The government has embarked on global roadshows at four locations, including the US and the UK, to attract investments for its big-ticket stake sale in the country's largest power producer NTPC and BEL that may fetch around Rs 6,600 crore to the