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DISCOM LEGACY DUES
Long-term investing: The only play in today’s market; 5 large-caps from different sectors with upside potential of up to 33%Belligerence is back. Both the US and Iran are hitting each other and the statements from both sides do not auger well for a peace deal. Th...- Coal India, CESC and other power stocks: JM Financial analyst explains impact of Bengal electionsJM Financial views the West Bengal election outcome as a potential boost for power sector governance, driven by expectations of reform unde...
- Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...
- Parliament watch: New vehicle tracking system in Delhi, Bharat NCAP ratings & moreUnion Minister Nitin Gadkari revealed that 643 National Highway projects awarded since 2015-16 are delayed due to land acquisition, environ...
- Discoms outstanding dues decline 82 pc in over 2 years to Rs 24k crPower distribution companies' legacy dues have drastically decreased by 82% to ₹24,684 crore since June 2022. Thirteen states initially rep...
- Telangana CM orders judicial probe into power deals, projects by BRS govtAlleging that large scale corruption took place in the construction of Bhadradri and Yadadri thermal power plants, Reddy said the judicial ...
- Reforms improved financial viability of the power sector: VK Singh, REC director-technicalIndia is at 175 GW and needs to add 325 GW by 2030. REC aims to build a renewable portfolio and explore opportunities in solar, wind, hydro...
- Discoms' outstanding dues to gencos decline to Rs 91,061 crore: Minister RK SinghHe further said that the government promulgated Electricity (Late Payment Surcharge and Related Matters) Rules 2022 on June 3, 2022, recogn...
- Reducing discom losses: How India can strengthen its Reformed Distribution Sector schemeThe Revamped Distribution Sector (RDS) Scheme aims to bring down discom losses within the 12-15 per cent range and align supply costs and r...
- Centre enables discoms to relinquish legacy PPAsA senior official in one of the distribution companies said the vintage PPAs had exit condition of 25 years or useful life of the project, ...
- Infrastructure credit grew marginally to Rs 22.6 lakh crore in H1FY21, says new reportAccording to Icra's vice president and head (financial sector ratings) Manushree Saggar, the tepidness in infrastructure credit in first ha...
- ReNew Power in talks to sell wind, solar assets to GAILThe green energy supplier has carved out a group of wind and solar assets in north and central India for sale. These have a combined capaci...
- Indexed renewable energy tariffs can save up to Rs 21,880 cr for discoms over 5 yrs: StudyIndian solar power tariffs hit a record low of Rs 2.36 per unit in June 2020, with zero inflation indexation for 25 years.
- New scheme in the works to push discoms clear dues of over Rs 83k crAccording to data available on the power ministry’s Praapti Portal, as of September 2019, the outstanding payments of distribution companie...
- Grants only if states adopt procedures, says R K SinghRK Singh said the power ministry will withstand pressure but not let power flow from August 1 to states that do not submit bank guarantees.
- IDFC Bank hopes to cash in on capital-starved state-run banksThe newest private sector lender IDFC Bank hopes to fill the space being left by the inability of state-run banks to expand their balance s...
- Cabinet clears $7-billion reform package to boost discomsPiyush Goyal said after a meeting of the cabinet that the government had cleared the package, which it has been working on for several mont...
- Delhi power minister wants discom-NTPC pact informationDelhi power minister Satyendar Jain has asked the power department for details of the power purchase agreements with NTPC.
- The power tariff order that wasn't haunts DelhiAccording to DERC, the liquidation roadmap of the discoms has to be spread out over the next several years or it could be a substantial hik...
- Rashtriya Ispat Nigam Ltd output down 11% on IT implementation, power shortageRINL shifted to SAP's ERP solution during the month with production and marketing modules. This kind of transition takes time to stabilise.
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