If the state governments are not in a position to do so, the STU can form a joint venture with Powergrid on a 50:50 equity basis. Powergrid has already been advised by the power ministry to form joint ventures with STUs where
The action is a follow-up on NTPC’s warning to Uttar Pradesh Power Corporation (UPPCL) on August 12 that it would regulate the supply of 5,512 MW power from its generating stations from August 20 as it had not cleared outst
NTPC recently served a notice to UPPCL saying that it would to cut the supply of 5,512 MW power to the latter from its generating stations from Friday as the corporation has not cleared dues which are outstanding for more tha
YIAPL has raised Rs 3,725 crore in debt from SBI to be repaid over a period of 20 years, with a one-year moratorium after completion of the project. This is one of the largest financing amounts for any greenfield airport in I
The state's collections of Rs 2,089 crore through stamp duty showed an imprssive increase of 53% over last July's Rs 1,366 crore, yet it could still manage to achieve only 76.1% of the month's target of collecting Rs 2,747 cr
“While 65% of the investment, which works out to be Rs 372 crore would be funded through debt, 35%, that is Rs 2,000 crore would be through equity. For the debt part, we are in the final stages of securing the loan through
As of July 12, the average blending level across the country stood at 7.93%. In June, Prime Minister Narendra Modi announced that the target of 20% ethanol-blended petrol had been advanced by five years to 2025. This means et
In a report titled ‘2020 India Data Centre Market Update’, JLL has said NCR-Delhi is expected to emerge as a new data centre hotspot as demand from government departments and IT/ITeS are expected to drive further growth.
UP’s previous record wheat purchase was 52.92 lakh MT in 2018-19. Last year, around 31.03 lakh MT wheat was procured from the farmers in the same period (till June 14, 2020), while total procurement stood at 35.76 lakh MT.
According to the finance department data accessed by FE, the state mopped up Rs 8,272.55 crore as tax and non-tax revenue in May 2021, an increase of 42% from Rs 5,820 crore collected a year ago. However, this is just 52.7% o
Seeking the minister’s intervention in directing the Uttar Pradesh government to retract the letter sent by UPNEDA to developers intimating them that the bids have turned infructuous, the letter seeks his office to direct t
Talking to FE, NSEFI CEO Subrahmanyam Pulipaka said that the regulatory framework and stability in policy, or the way the decision process is streamlined when it comes to renewable energy or power in general, is completely di
Though the Centre’s liquidity infusion scheme under the Atmanirbhar Bharat package helped these discoms to bring down their dues to central public sector units (CPSUs) and independent power producers (IPPS) down from Rs 27,