Allocation of 11 mines to Coal India (CIL) arms - ECL, WCL and BCCL - will enhance its annual output by 225 million tonnes (MT), Parliament was informed.
R K Singh has called meeting of govt top brass and industry to sort out issues related to revised RBI norms for bad loan, coal shortage and stranded power projects.
The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.
The flexible use of domestic coal by power plants has resulted in savings of Rs 646 crore in the April-February period of the ongoing fiscal.
The Centre is expected to get around Rs 8,044 cr on account of dividend from Coal India as the miner's board approved payment of interim dividend for the FY 2017-18.
Power sector seems to be facing coal shortage again as 46 coal-fired power plants reported stocks of less than a week, according to official data.
State-owned CIL said that its board will meet next week to consider payment of interim dividend for the ongoing fiscal.
NSE Nifty slid below the key 10,400-level at 10,378.40, declining 73.90 pts or, or 0.71%, it shuttled between 10,489.35 and 10,302.75.
Reliance Power announced that it has achieved full fuel security for its 2 x 300 MW Butibori TPP in Maharashtra following directions given by the Delhi HC.
Reliance Power said state- run Coal India has been directed by the Delhi High Court to immediately commence coal supplies to the Unit-I of Butibori power project.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months