PGCIL to spend Rs 91,000 cr in three years

POWER Grid Corporation of India (PGCIL) will be spending Rs 91,000 cr in three years placing a bet on turnaround of the distribution sector and prospective demand from states. “In intra-state transmission, Rs 1.5 lakh crore worth of work is expected. The positive impact of UDAY (the scheme for the distribution sector) and the Centre’s various reform programmes...

NTPC to add 24 GW at Rs 1.6 lakh crore

NTPC CMD Gurdeep Singh

AT A time when global economic scenario is uncertain, state run Maharatna PSU NTPC remains bullish about domestic electricity demand and has planned a total capacity addition of 24 GW entailing an investment of Rs 1.6 lakh crore. "Various projects of the company having an aggregate capacity of around 24 GW are under implementation at 23 locations...

NTPC to invest Rs 30k cr; to modify core business plan

NTPC CMD Gurdeep Singh

INDIA's power major NTPC will spend Rs.30, 000 crore in 2016-17 to step up power generation capacity, NTPC chairman and managing director Gurdeep Singh said.
The power generation becomes necessary in view of soaring electricity demand due to ongoing efforts to turn around distribution companies under the Ujwal Discom Assurance Yojana (UDAY).
The Maharatna power utility, which accounts for about a sixth of the country’s 302 gigawatt (GW) of power capacity...

Key things FM said in his meeting with PSB heads

Finance Minister Arun Jaitley 

FINANCE Minister Arun Jaitley on June 6 met CEOs of public sector banks to discuss various key challenges facing the banking sector including growing non-performing assets, a day before RBI Governor Raghuram Rajan takes a call on key rates in the the monetary policy.
“I had a meeting with PSB heads and we discussed various suggestions to empower banks,” FM Jaitley said. “The key discussion topics...