Debjoy Sengupta

  • BlackRock to exit Coal India by mid 2020

    BlackRock to exit Coal India by mid 2020

    BlackRock, the world’s largest money manager with $7 trillion under management, will cut its equity in Coal India Ltd to zero by the middle of the year, becoming the latest in the list of 100 major banks and insurers exiting the thermal coal sector.

    India tops Asia-Pacific in power tenders during Q4 2019

    India tops Asia-Pacific in power tenders during Q4 2019

    India led the activity in Q4 2019 with 1,078 tenders and a share of 58.7%, up 4.2% over the previous quarter and up 12% when compared with the last four-quarter average, followed by the Philippines with 309 tenders and a share of 16.8% and Bangladesh with 184 tenders and a share of 10% during the quarter.

    BlackRock to exit black diamond

    BlackRock to exit black diamond

    “With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.

    CMPDIL enters into an understanding with SBICap to offer services

    CMPDIL enters into an understanding with SBICap to offer services

    Potential areas of cooperation shall include technical advisory by CMPDIL for works undertaken by SBICap and financial advisory by SBICap for works undertaken by CMPDIL related to due diligence, advisory, consultancy services for acquisition, development and related activities for coal, minerals and natural resources sector among others.

    Odisha government clears NTPC’s Talcher project

    Odisha government clears NTPC’s Talcher project

    The board of director of NTPC cleared the project in 2018 which involved scrapping the existing six units at the thermal power station totalling 460 mw comprising of 4 units of 60 mw and 2 units of 110 mw.

    Environment Ministry clears 10 coal mining projects

    Environment Ministry clears 10 coal mining projects

    The ministry cleared 14 of the 23 projects it considered. This is likely to help Coal India meet its targets of producing 750 million tonnes next fiscal requiring achievement of a 14% growth over current year’s 660 million tonnes target, and one billion tonnes target by 2024.

    Power Consumers to see 5 paise rise in tariff

    Power Consumers to see 5 paise rise in tariff

    According to recent reports the PMO has proposed waiver of the coal cess, the savings from which is to be used for retrofitting pollution curbing equipment.

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