Markets regulator Sebi on Thursday allowed Thomas Cook (India) to withdraw its buyback offer because of substantial deterioration in the company's financial position
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
Rebound in power demand, reducing concerns over receivables, and decent valuations among multiple headwinds
The DoT also raised a demand of over Rs 3 trillion from non-telecom PSUs such as GAIL, Oil India
Study says lockdown has sapped power demand, taking accumulated coal inventory to 51 million tonnes
Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.
The power grid at national and at regional level did not face any glitch, as was being feared
The total domestic lighting demand at an all-India level is estimated at 12-13 GW, which is 10 per cent of the country's total power demand
Having significant portion of regulated business, their earnings remain insulated and the two offer good dividend yield too
The grant of Maharatna status to the PSUs will impart enhanced powers to their Boards to take financial decisions.
The company's consolidated net profit was Rs 2,277.87 crore in the corresponding quarter a year ago
Viewed as a play on yield, the two stocks are seen as safe bets amidst uncertainties
CAG rapped Power Grid for lack of transparency in offering discounts for its telecom business
Analysts estimate earnings to grow 12% annually over FY18-22
Aim to check China's advance into sensitive sectors, say officials
Power Grid Corporation of India (PGCIL) is working on what would be the largest project for monitoring and controlling of electricity supply across the country. Called 'Unified Real Time Dynamic State Measurement (URTDSM)', the central transmission utility would install 'Phasor Measurement Units (PMUs)' at all substations and generating stations. This would also form the backbone for efforts underway to integrate the large amount of renewable energy envisaged. The plan is to install PMUs at close to 1,300 locations on the national grid in phase-1; 1,000 have been installed. In the second phase, another 500 PMUs would be installed along with a network of Optical Ground Wire, for facilitating communication services in the power network, said PGCIL executives. The PMU network will facilitate monitoring of grid events in real time, such as power flow, voltage, backing down, demand & supply synchronisation, etc. This would improve grid reliability, reduce the probability of blackouts
Ministry of Science & Technology and industry will match the commitment of US' Department of Energy
The company is also expecting demand from states due to various reforms, including UDAY
Kanpur Electricity Supply Company has got the approval from the Uttar Pradesh government to choose a vendor who will set up the smart grid systems
The only noticeable blip is the constant increase in interest cost