saubhagya scheme

 

Govt to use mobile app for on-the-spot power connections

Jan 12 2018

The govt will use a mobile phone application to provide on-the-spot power connections to 4 cr families under PM Sahaj Bijli Har Ghar Yojana (Saubhagya scheme).

All villages in Bihar electrified: CM Nitish Kumar

Dec 27 2017

Nitish said all villages of Bihar were now electrified and added that every household in the state would have a free power connection by the end of the next calendar yr.

Govt plans to allow consumers to switch power service cos

Dec 03 2017

Consumers will be able to change their power suppliers just like telecom services, after proposed amendment to the existing Electricity Act is approved, Singh said.

India Markets Weekahead: Nifty in "sell on rally" mode

Oct 02 2017

Markets registered sharp losses during the week as geopolitical worries continued along with persistent selling by FIIs. Weakness in the rupee also dampened sentiment.

No free power for poor under Saubhagya; demand to rise by 24GW

Sep 27 2017

The govt said power will not be provided free of cost to any category of consumer under the recently launched Saubhagya scheme, which aims to provide electricity to all.

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Stocks In News

 

ULTRATECH CEMENT

Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst

IRB INFRA

4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years

BALAJI AMINES

Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey

ADANI TRANSMISSION

Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations

FORTIS HEALTHCARE

To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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