'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Discoms will not only be penalised for undue outages, they will not be able to bill you for losses.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
Banks need assistance to complete projects that they have taken over
It could end the payment backlog and improve the revenue flow of discoms, says Piyush Goyal
Centre, with states, to change methodology of calculating domestic power rates, set standards for consumer tariffs
In the 2012 election, the BJP's performance was the poorest in Purvanchal, winning only 12 of the region's 112 seats. Will 2017 be different? Will the party ride on Varanasi MP Narendra Modi's charisma?
On paper, only 8,000 villages remain to be electrified in the country, but the situation on the ground shows euphoria over numbers is misplaced
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
The private discoms that join the scheme would only benefit in terms of operational efficiency and there will not be any financial bailout
Pranav Pandya, head and mentor, All World Gayatri Pariwar, says he's not inclined to accept
Minister of state for power Piyush Goyal will gift wooden-framed 'appreciation letters' to one million govt employees.
Lot will depend on the discom's ability to source cheap power and pass on the same to consumer
'In terms of growth rate, India is better than China.'
Ministry asks research body to take it to commercial level
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
Four big transmission projects went under the hammer last month.
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