Vikram Solar appoints new Executive Director- Operations

Vikram Solar today announced the appointment of Narasimhachari Kannan as the company's Executive Director- Operations.
In his new role, he will assume responsibility for strengthening entire operations for the company, Vikram Solar said in a statement.
Kannan comes with a rich experience of 34 years and has held top management and business head positions in developed and emerging markets across transnational and multinational organisations like Shapoorji Pallonji, Punj Llyod, ABB Ltd, it said.
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Bhageria Industries wins 30 MW solar project order from SECI * Bhageria Industries Ltd has bagged an order of 30 MW from Solar Energy Corporation of India (SECI) for Maharashtra.

Bhageria Industries will install 30 MW solar power plant at Ahmednagar district of Maharashtra which is expected to be completed in first quarter of 2017, the company said in a regulatory filing today.

The company will execute the complete project on turnkey basis and also operate and maintain the plant for 25 years. The power tariff rate for project is Rs 4.41 per unit with zero viability gap funding. The company has planned to install 50 MW solar capacity by March 2017 in Maharashtra, it said.
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BHEL renovates 110 MW unit of Barauni Thermal power station * State-run BHEL has successfully completed synchronisation of the 110 MW Unit-7 at Barauni Thermal Power Station (TPS) in Bihar following renovation and modernisation (R&M).

"Following the successful R&M, the working life of the machine, that was first commissioned in May, 1985, has been extended by another 15-20 years," BHEL said in a release.
The synchronisation of this unit comes close on the heels of the successful re-commissioning of Muzaffarpur Units-1&2 (110 MW each), and uprating of Bhatinda Units-3 and 4 of PSPCL and Harduaganj Unit-7 of UPRVUNL, from 110 MW to 120 MW.
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Alstom accepts resignations of 2 board members * Alstom India today said its board has accepted resignation of company's Vice-Chairman and Managing Director Patrick Ledermann and another director Carole Le-Couedic.

"The Board of Directors at its meeting held on March 14, 2016 accepted/noted the resignation of Patrick Ledermann from the position of Vice-Chairman and MD due to other responsibilities and Carole Le-Couedic due to her other commitments outside from April 1, 2016," Alstom India Ltd said in a regulatory filing.
* Greenply to set up subsidiary in Singapore
Greenply Industries would set up a subsidiary company in Singapore to cater the export markets of MDF and laminated flooring products.
The board of the company in a meeting held today approved for "Incorporation of a private company in Singapore as a wholly-owned subsidiary company of Greenply Industries Limited," it said in a statement.

Besides, the board also approved to "transfer of 3,80,583 equity shares of Rs 10 each of Himalaya Granites Ltd held by the company as investment to Saurabh Mittal, a related party of the company, at prevailing market price in one or more transactions," it added.
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* Sebi orders Peers Allied Corp to refund investors' money
Markets regulator Sebi today ordered Peers Allied Corporation to refund the money it had raised from investors through illegal collective investment schemes (CIS).
The Securities and Exchange Board of India (Sebi) has also barred the firm and its directors from the capital market for four years.

No person shall sponsor or carry on with any CIS unless it obtains a certificate of registration from Sebi in accordance with CIS Regulations.
The firm and its director are "engaged in the illegal fund-mobilising activity by floating/sponsoring/launching, unregistered/unauthorised CIS," Sebi said.
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* Telenor expands project Sampark
Telenor India plans to expand its Project Sampark, an initiative to bridge the gender gap in mobile usage, taking it to new areas in UP (West) circle.
The project will now be extended to the rural areas of Bareilly, Dehradun and Moradabad districts covering approximately 50-80 villages in each zone.
"The new areas will replicate the model piloted in first phase, which was launched in August 2014. The villages will be covered by 30-40 trained women promoters, who will be hired from the adjoining areas," the company said in a statement.