Chennai, June 25 (IANS) Tamil Nadu Electricity Minister C.T.R. Nirmal Kumar on Thursday released a white paper detailing the financial status of the Tamil Nadu Electricity Board (TNEB), revealing that the state’s power sector has accumulated an outstanding debt of Rs 2.47 lakh crore. Despite the mounting financial burden, the minister assured consumers that electricity tariffs would not be increased during the current year.The white paper, released at the TNEB headquarters in Chennai, presents a…
Latest Power Sector News & Updates
New Delhi, June 7 (IANS) Private sector investment activity witnessed a significant surge in FY26, with investment announcements rising to Rs 56 lakh crore from Rs 37 lakh crore in the previous financial year, according to a report by State Bank of India Research. The sharp increase comes amid ongoing debates over the pace of private capital expenditure and suggests growing confidence among businesses in the country’s economic prospects.In its latest Ecowrap report, SBI Research noted that priva…
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…
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…