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DISCOM REFINANCING
Tata Power set to tap market with Rs 2,000-cr bond issueTata Power is set to raise ₹2,000 crore through a bond sale. This funding will support debt refinancing, renewable energy investments, and ...
Edelweiss ARC exits Adhunik as Davidson Kempner takes controlEdelweiss, which had acquired Adhunik via the insolvency resolution route, had been gradually monetising its exposure through asset sales a...
RattanIndia Power shares jump 19% after company secures debt refinancingRattanIndia Power’s shares jumped 19% on Monday as the company announced that it has refinanced its senior debt with a Rs 1,114 crore loan ...
Andhra Pradesh high court’s order reinforcing PPA sanctity, positive for renewable firmsThe HC in its latest order has reinforced the sanctity of power purchase agreements (PPAs) signed between the wind and solar independent po...
Outlook for the capacity addition in RE strong: ICRAOutlook for the capacity addition in the renewable energy sector remains strong with a large project pipeline of over 55 Gw and competitive...
Buy Power Finance Corporation, target price Rs 191: ICICI SecuritiesPower Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 33700.64 Crore) operating ...
Adani Transmission raises $310 millionAccording to sources close to the transaction, global investors such as Barings, Cigna, HSBC Global Asset Management and MetLife have bough...
Surplus power capacity, enough coal likely to beat summer heatOwing to the forecast of above normal temperatures, the power ministry expects power demand in northern region to peak to 56 GW between Apr...
UDAY pulls down book losses in FY2017 by half to Rs 37,500 croreICRA finds that the progress in implementation of the Ujwal DISCOM Assurance Yojana (UDAY) has been satisfactory.
Reforms to help halve discom losses by fiscal 2019Consequently, aggregate losses of these discoms are seen declining 46% to Rs 20,000 crore from Rs 37,000 crore.
UDAY effect likely to improve thermal PLFs, discom efficiency critical for turnaround: ICRASlow progress in signing long-term power purchase agreements has led to sizeable thermal capacity remaining exposed to price and volume ris...
Increased efficiency and timely tariffs revision critical for UDAY’s success: ICRATariff hikes allowed in most states have been modest, ranging between, 0.6% and 8.8%. SERCs in three states have not approved any tariff hi...
Increased efficiency and timely tariffs revision critical for UDAY’s success: ICRADe-leveraging and refinancing under the scheme is expected to improve liquidity and profitability profile of Discom’s in the near term.
Going for 100% metering will bring down power losses from 25% to 15%: Kulamani Biswal, NTPCIn a chat with ET Now Kulamani Biswal, NTPC Director (Finance), said that going for 100% metering will bring down power losses from 25% to ...
Renewable energy sector to get Rs 1 lakh-crore boost from state-run lenders like Power Finance CorporationThe move is aimed at utilising the cash that the two financiers will receive in lieu of loans lent to state-run power distribution companie...
ICRA lowers NPA estimate as stressed asset formation slowsICRA lowered its estimated gross NPA for March 2016 to 5%-5.5% from 5.3%-5.9% noting a moderation in the new stressed asset formation this ...
CLSA keeps buy ratings on PFC & REC, cuts price targetsShares of REC and PFC declined nearly 20% each on Friday and Monday on concerns that Ujwal Discom Assurance Yojna (UDAY) would dent their e...
Power Grid, NTPC may relatively outperform rangebound mark: Mehraboon Iraniif Nifty stays at 8,100 or 8,300 or maybe 7,800, three months later, power stocks could may see relative outperformance, says Irani.
Refinancing is just a palliative; discoms need a tough long-term fix: Vinayak Chatterjee, Feedback Ventures"Behind discoms' chronic losses is a huge degree of political connivance, corruption and theft. That is holding the country to ransom."
Lanco Kondapalli Power Ltd inks PPAs with Telangana and Andhra Pradesh discomsLanco Kondapalli Power Ltd has entered into power purchase agreements with electricity distribution companies of Telangana and Andhra Prade...