Tag: power

Three seats of power looting country, alleges SP’s Swami Prasad Maurya

“When the ‘mutt gaddi’ is in trouble, the ‘seth gaddi’ and ‘raj gaddi’ provide financial assistance, and when the ‘seth gaddi’ faces any problem, it gets bailed out by the other two,” Maurya said Samajwadi Party leader Swami Prasad Maurya on Sunday said there are only three seats of power and all of them… Continue reading Three seats of power looting country, alleges SP’s Swami Prasad Maurya

Ahead of AGM, InGovern red-flags governance concerns at TD Power Systems

Premium AGMs, annual general meeting InGovern Research, a voting advisory firm, has red-flagged governance concerns at TD Power Systems, an electrical equipment maker, ahead of its annual general meeting (AGM) to be held on Wednesday. InGovern has recommended shareholders seek more explanation from the Bengaluru-based company over the ongoing ownership dispute between the… Continue reading Ahead of AGM, InGovern red-flags governance concerns at TD Power Systems

BJP using ‘Hindutva’ to divide society, grab power: Akhilesh Yadav

Samajwadi Party president Akhilesh Yadav Saturday accused the BJP of employing its own version of ‘Hindutva’ to “divide” society and grab power, and asserted there is a need to save the “true Hindutva”. He also accused the BJP government of conducting “fake encounters”, and said people will “encounter the BJP government in 2024”… Continue reading BJP using ‘Hindutva’ to divide society, grab power: Akhilesh Yadav

SJVN signs agreement with Sikkim Urja for trading of 180 MW power

As part of the agreement, power will be supplied to distribution licensees and open access consumers, SJVN said in a statement on Thursday. State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydro power. As part of the agreement, power will be supplied to… Continue reading SJVN signs agreement with Sikkim Urja for trading of 180 MW power

CESC reports more than 21% rise in Q1 profit on strong power demand

BENGALURU (Reuters) – India’s CESC on Friday reported a more than 21 rise in first-quarter profit, aided by robust power demand in the pre-monsoon and summer months. The power generation and distribution company posted a consolidated net profit of 3.47 billion rupees ($41.90 million) for the quarter ended June 30, compared with 2.86… Continue reading CESC reports more than 21% rise in Q1 profit on strong power demand

Data Protection Bill moots power to Govt to get info from entities, Board

The data protection bill introduced in Parliament on Thursday enables Government “to call for information” from data protection board, data collecting entities or intermediary, and safeguards the Centre from legal proceedings for “action taken in good faith” under the provisions of the legislation. After two or more instances of norm violation by a… Continue reading Data Protection Bill moots power to Govt to get info from entities, Board

Street positive on long-term capex plans of Power Grid Corporation

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in… Continue reading Street positive on long-term capex plans of Power Grid Corporation

Uttar Pradesh to leverage agri waste value chain for power generation

To provide an additional revenue source to farmers, the Uttar Pradesh government is looking to enrich the agricultural waste value chain for power generation and ethanol production.   Agricultural waste or biomass will be converted into biomass pellets to replace coal in the state’s thermal power plants. The potential agricultural waste market in UP is… Continue reading Uttar Pradesh to leverage agri waste value chain for power generation