Tata Power consolidated Q3 operating profit drops 6.62% year- on-year on higher cost of power purchased

Tata Power Company’s consolidated operating profit for the October-December quarter of 2021 fell 6.62% year- on-year (y-o-y) to Rs 1,633.76 crore as the cost of coal imported for the Mundra ultra-mega power project and the power purchased for the distribution business rose substantially impacting the operational profit. Lower realisations from the sale of power negatively […]

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India’s new fiscal stimulus shifts focus back to longer-term growth, says Moody’s


India’s recent $36 billion-worth economic stimulus measures that aim to boost manufacturing and create more jobs present a potential upside to the country’s economic growth forecasts, Moody’s said in a report on Thursday. Only about a week ago, the global ratings agency had revised upwards its previous growth forecast for the South Asian nation. It had […]

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Indian power distribution companies to turn profitable in 2-3 years, says minister

India’s power distribution companies, several of which are burdened by losses, are likely to turn profitable in two to three years as significant reforms are being rolled out, Power Minister R.K. Singh said on Wednesday.  The biggest problem is that many of the regulators that overlook state distribution companies are appointed by state governments, which in […]

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COMMENT – Is Reliance Industries delaying Aramco deal?


At the RIL annual general meeting held last week, Chairman Mukesh Ambani said that there might be a delay in the proposed deal with Saudi Aramco, raising concerns if the Reliance Industries-Saudi Aramco transaction is less desirable now. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to […]

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