Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

GMR Hyd inks deal with CFM to build training centre
GMR Hyderabad International Airport, a subsidiary of GMR Infrastructure, has signed an agreement with the world’s leading aircraft engine manufacturer, CFM International, to establish a new CFM56 maintenance training centre to support its customers in the South Asian region. CFM International is a 50:50 joint venture between Snecma (Safran Group) of France and General Electric Company (GE) of the United States.

'Rural sales pushed growth further'
Seema Sindhu / October 31, 2009, 1:17 IST

News of the day

'We have support of US govt, unions on Asarco'
NRI billionaire Anil Agarwal-led Vedanta Resources today said it will not offer more than the already announced $1.87 billion to buy bankrupt American miner Asarco but is confident that it can clinch the deal with the support of the US government and the trade unions.
International Business

PSEB to issue LoI for Rajpura Project

After receiving encouraging response from private players in developing a 1,320 Mega Watt Rajpura Thermal Power Project, the Punjab State Electricity Board is expecting to issue a Letter of Intent (LoI) to the successful bidder for this project by the end of this month. "We are hoping to complete the bidding process by the end of October and we expect that the letter of intent will also be issued in the same period," a senior official of PSEB said today. India Glycols turns around; posts Rs 7 cr profit Rahul and Udhav spar on Mumbai migrant issue NTPC fixes FPO base price at Rs 201 a share Notably, the state electricity board, when it invited bids for the first time last year, managed to receive only a single financial bid from Lanco Infratech with a levelised tariff of Rs 3.38 per unit despite eight other companies, including Reliance Power, Tata Power, Essar Power, being adjudged qualified bidders. At that time, the global downturn was cited as the main reason behind staying away of companies from this project. However, the Punjab State Electricity Regulatory Commission (PSERC) declined to give approval to the lone bid of Lanco Infratech, leading to reinvite bids this year. The first unit of 660 MW of Rajpura Thermal Power project is expected to start in the first quarter of 2014, while the second unit would start in the next three months of operationalisation of first unit. Proposed to be awarded to developers on Build, Own and Operate (BOO) basis, the project would involve an investment ranging between Rs 5,000-6,000 crore. Meanwhile, work at the 1,980 MW Talwandi Sabo project being developed by Vedanta Group Company Sterlite Energy Ltd is going in full swing, the official said. The order for the Engineering Plant and Construction has been given to a Chinese company SEPCO for its execution, he said. Sterlite hopes to complete the financial closure of this project by December 2009. Punjab plans to add another 3,800 MW of additional thermal power generation capacity by 2014 against present thermal capacity of 2,700 MW.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009