Mumbai, June 4 (IANS) In a sweeping reform that will reshape Maharashtra’s energy landscape, the state government has executed a massive corporate shake-up of its power distribution sector. Following a crucial nod from the State Cabinet clearing the formal demerger of Mahavitran’s (MSEDCL) agricultural business, the Maharashtra Electricity Regulatory Commission (MERC) has officially granted a distribution licence to the newly carved-out entity, MSEB Solar Agro Power Limited (MSAPL).This twin…
Latest Power Sector News & Updates
Chennai, June 4 (IANS) PMK President Dr. Anbumani Ramadoss on Thursday demanded a thorough investigation into the alleged theft of hard disks containing sensitive data from the headquarters of the Tamil Nadu Electricity Board (TNEB), claiming that the incident may be linked to an attempt to destroy evidence of past corruption and irregularities.In a statement, Anbumani expressed shock over reports that multiple hard disks containing crucial official records had gone missing from the power utilit…
Agartala, May 31 (IANS) Union Minister for Housing and Urban Affairs and Power Manohar Lal Khattar on Sunday said that India is pursuing an aggressive expansion of its power generation capacity, with a major thrust on nuclear energy, while announcing significant urban infrastructure and power sector initiatives for Tripura. After reviewing power and urban development projects with Tripura Chief Minister Manik Saha and Power Minister Ratan Lal Nath, the Union Minister said the country recorded an…
Srinagar, May 31 (IANS) Chairman-cum-Managing Director of NHPC, Bhupender Gupta, on Sunday successfully carried out the first blast for the construction of the 240-MW Uri-I Stage-II Hydro Electric Project in the Uri area of Jammu and Kashmir’s Baramulla district.A major milestone for Jammu and Kashmir’s power sector was achieved with the successful execution of the first blast for the 240 MW Uri-I Stage-II Hydro Electric Project by NHPC Chairman-cum-Managing Director Bhupender Gupta on Sunday, m…
New Delhi, May 22 (IANS) India’s capital goods industry is projected to see a revenue growth of 12-14 per cent this fiscal, buoyed by sustained government spending, steady capacity expansion in power, mining, oil and gas, metal and auto-linked sectors, and increasing opportunities from emerging segments such as data centres and electric vehicle (EV) infrastructure, a report showed on Friday.The ongoing developments in West Asia are unlikely to materially impact growth as diversified order book…
New Delhi, May 5 (IANS) Pakistan’s economy is under mounting pressure as its total debt and liabilities have surged to Rs 85 trillion over the past four years, which highlights a steep rise in fiscal stress amid limited structural reform, a report has said.A report in The News Pakistan highlighted that the country’s debt and liabilities have increased from around Rs 55 trillion four years ago to Rs 85 trillion at present — an overall jump of nearly 55 per cent. This translates into an avera…
New Delhi, April 29 (IANS) Commerce and Industry Minister Piyush Goyal said on Wednesday that India is among the globally best performing countries in climate action and having already achieved its renewable energy target eight years ahead of schedule, the country is now aiming for a 500 GW clean energy capacity by 2030.In his keynote address at the ‘Advancing Resilience with Climate Change’ dialogue here, the minister highlighted India’s strong performance in achieving Intended Nationally…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
Hyderabad, April 1 (IANS) Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao has written a letter to Railways minister Ashwini Vaishnaw, urging the immediate formation of a new Railway Division with headquarters at Kazipet in Telangana. Rama Rao highlighted that the ongoing restructuring within the South Central Railway and operationalisation of the South Coast Railway have placed an excessive operational burden on the Secunderabad Division. As per the latest restructuring data,…