Large Foreign Utilities Attracted To Indian Discoms
27/05/2020 , by in ALLIED

A host of companies and large funds from India and overseas are likely to compete in the privatization exercise of power distribution utilities in the Union territories, attracted by their robust per capita power consumption, said three people with knowledge of the matter. Large foreign utilities... Read more...

Saudi Wind Power Plants For India
May 2020 , by in ALLIED

Saudi Arabia’s Alfanar Group is looking to sell half of its 600 megawatt (MW) wind power projects in India. With India lifting many of the curbs on businesses following a strict two-month lockdown, deal activity is gaining pace in the country’s green economy. Power demand is also slowly returnin... Read more...

NTPC, ONGC Renewable Energy JV
May 2020 , by in ALLIED

The two state-owned power producers have signed a sign MoU to set up renewable energy projects in India and overseas, and sustainability, storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects. This will enable both companies to accelerate their footprint in Renewable ... Read more...

Birla’s Net Profit Up 52%
May 2020 , by in ALLIED

Birla Corporation reported 52 per cent rise in March quarter consolidated net profit at Rs 194.73 crore, helped by lower fuel costs and improvement in efficiency and cost rationalisation. It had posted a net profit of Rs 128.19 crore in January-March 2018-19, Birla Corporation said in a BSE filing. ... Read more...

Insurers to settle Amphan Damage Claims
May 2020 , by in ALLIED

To offer respite to individuals and enterprises hit by super cyclone Amphan, the Insurance Development and Regulatory Authority of India, (IRDAI) issued guidelines to be followed by life and general insurance companies for expeditious settlement of claims arising out of damages caused by the natural... Read more...

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