Synopsis: SJVN Limited has bagged its first-ever 30 MW wind-solar hybrid project worth Rs 195 crore in a tender floated by SECI. The project was bagged @Rs 2.54/unit on a build-own-and-operate (BOO) basis in the tariff-based competitive bidding process
Synopsis: In the backdrop of a power crisis, the Ministry of Power has amended the Electricity (Rights of Consumers) Rules, 2020 to mandate distribution companies (discoms) to ensure 24x7 uninterrupted power supply to all the consumers in metros and cities with a population of 1,00,000 and above
Synopsis: In CY 2021, India saw a record 10 GW of new solar capacity installed, a big jump of 210 percent compared to 3.2 GW the year before. The newly installed solar capacity in 2021 reached a record high, making up 62 percent of the total power capacity additions, Mercom Communications India said in a report
Synopsis: The much-awaited Initial Public Offer (IPO) of Life Insurance Corporation (LIC) is likely to hit the market on May 4, said sources close to the development. The issue is expected to close on May 9 and the anchor book for the LIC IPO is expected to open on May 2
Synopsis: Faced with difficulties in meeting the budgeted disinvestment targets for FY22, Finance Minister Nirmala Sitharaman has reduced the target of disinvestment receipts for FY23 to Rs 65,000 crore which is even less than the revised estimate of the receipts for the ongoing financial year at Rs 78,000 crore. The target for the FY22 was Rs 1.75 lakh crore earlier, so, clearly, it is a drastic reduction
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.