GMR Energy has entered into an agreement with Indonesian company, which will help secure its coal supplies and also give it a stake in a fast growing company.
The CERC notified new regulations governing power trading exchanges, even existing ones. Restriction on shareholding may be a bother and so will a rule that insists on a minimum 20% market share for every exchange.
The government has cleared a proposal to combine the orders for super-critical technology. NTPC will be the nodal agency for ordering equipment for 5 power projects that will generate 7,260MW of power.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
