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TAMIL NADU DISCOMS
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...
- Discoms' outstanding dues to gencos fall 15.25% to Rs 82,305 cr in MayDistribution companies (discoms) owed a total Rs 97,111 crore to power generation firms in May 2020, according to portal PRAAPTI (Payment R...
- Discom losses down by 38% in FY20: R K SinghSingh said the lowest ranking discoms will find it difficult to get financing. “Those who are in (Grade) C (in the rating), they need to wo...
- Tamil Nadu gives guarantee, budgetary support for Rs 30,230 cr liquidity loansThe state has issued administrative orders for unconditional and irrevocable government guarantee and commitment letters from finance depar...
- Tamil Nadu seeks Rs 31,000 cr under Atmanirbhar Bharat to pay power billsThe state ranks lowest in the country's discoms ratings and is among the large defaulting power consumers. It hasn't raised its tariffs in ...
- Special loans plan on the anvil to help state discoms clear Rs 72,862 crore duesDiscoms had accumulated dues of Rs 72,862 crore at end-June, of which Rs 53,476 crore is overdue.
- Tripping DiscomsDuring nine months of FY19, the losses have widened and cost-revenue gap has increased. Regulators are required to step in to raise tariffs...
- APTEL stays Tamil Nadu wind auction temporarilyTamil Nadu Electricity Regulatory Authority set a feed in tariff for wind power of Rs 2.80 per unit.
- Tamil Nadu to save Rs 11,000 crore after joining UDAY tomorrowThe Central government would also provide incentives to the state and the discom for improving power infrastructure in TN and for lowering ...
- NLC India abandons solar project plans in RajasthanBut NLC abandoned the Rajasthan plan as the state government owned Rajasthan Rajya Vidyut Prasaran Nigam and other discoms have shown littl...
- Discoms arbitrarily shutting off solar power, government tells CERCAmong the companies affected by these temporary disconnections in Rajasthan are SunEdison, Welspun, Mahindra, SolaireDirect, Fortum and Rel...
- Madhya Pradesh, Tamil Nadu among four states to join UDAY soonPower Minister Piyush Goyal has recently met Tamil Nadu Chief Minister J Jayalalithaa in an effort to get the state on board on UDAY.
- Piyush Goyal calls on Jayalalithaa, discusses Uday scheme for Tamil NaduThe meeting between the two is the first after several claims and counter-claims over the past several months with regard to Uday between t...
- Wind energy developers in Rajasthan face losses as discoms curtail intakeRajasthan has nearly 4,000 MW of installed wind energy capacity, the third-highest in the country after Tamil Nadu and Maharashtra.
- Andhra Pradesh first state to join discom revival scheme UDAYThe scheme is optional and operationalised through signing of MoU between state governments, state discoms and Centre.
- Government proposes loan swap for discomsCentre has asked state governments to issue bonds for raising funds at 8.5-9 per cent and help the power firms swap their high-cost loans.
- States need to do their job on discom debt rejig: Jyotiraditya ScindiaIndicating that the Ministry has done its part in helping with discoms debt rejig, Scindia said that it was now for the states "to do their...
- Uttar Pradesh, Tamil Nadu owe more than Rs 800 cr dues to PTC IndiaPTC India today said it is still awaiting payment of dues worth over Rs 800 crore from Uttar Pradesh and Tamil Nadu for sale of electricity.
- Chaturvedi panel likely to suggest financial incentives for power distribution companiesThe committee is looking at financial health of discoms in seven states including Tamil Nadu and Uttar Pradesh.
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