DIAMOND POWER INFRASTRUCTURE LTD Q1 RESULTS
Reliance Infra Q3 profit up 18% at Rs 346 crore
Reliance Infra's total expenses increased to Rs 4,888.79 crore, as against Rs 4,772.46 crore a year ago.
Coronavirus scare, poor Q3 results send Sensex 162 points lower; Nifty below 12,050
Market breadth was negative with declining shares outpaci...
Q3 results calendar: Over 2,300 firms to report earnings this week
Nearly four-fifths of Nifty companies have posted their numbers already.
Rajasthan: GE T&D India bags order form PowerGrid, to set up GIS bays at Phagi
The bays will be an extension to the Rajasthan Rajya Vidyut Prasaran Nigam Ltd's (RRVPNL) existing 765 kV substation at Phagi, which was also commissioned by GE earlier using Air Insulated Switchgear (AIS) technology.
Birla Corp Q3 PAT jumps 200% to Rs 81 crore
Though cement prices remained weak in key markets in December quarter, Birla Corp was able to increase market share in West Bengal and Bihar.
Business trusts’ $100 billion fund-raising plans at risk
The move also reverses a trend initiated by former finance minister Arun Jaitley, to provide tax stability for long-term infrastructure investors. Investors and developers ET spoke to said they plan to meet the finance minister and government officials this coming week, seeking a roll back of the step.
Better distribution may ease power sector woes: ETILC
The members point out that cash strapped power utilities have not been able to buy energy from the manufacturers, resulting in low power off-take. Infrastructure investments to strengthen the national grid to plug energy leakage and ensure last mile delivery to consumers were not made.
L&T Q3 results: Capital goods giant misses Street estimates, PAT up 15%
Consolidated margins came in at 11.30 per cent against analysts estimates of 11.10 per cent.
UDAY was not a failure, successive scheme might be announced in Budget: RK Singh
The power minister said all the Central schemes run by his ministry will be clubbed into one scheme, under which distribution companies will have to agree to trajectories to reduce losses to get financial assistance. “UDAY was not a failure. It reduced average commercial losses to 18.79% in financial year 2019 against 22% a year ago,” he said.
Sensex recoups losses, ends 52 points lower as investors shrug off US-Iran tensions
Market breadth was weak, with the advance-decline ratio on BSE at nearly 2:3.
Lanco lenders hope for some recovery from Anpara Power
Lenders expect to recover at least some of their Rs 45,263 crore dues from Lanco through the sale of this operational plant.
Brookfield, Actis eye Acme Solar assets
Bulge-bracket global investors, including Canada's Brookfield and the UK's Actis, are in separate discussions to acquire some solar energy assets from Acme Cleantech Solutions, a cash-strapped Indian power producer.
New scheme in the works to push discoms clear dues of over Rs 83k cr
According to data available on the power ministry’s Praapti Portal, as of September 2019, the outstanding payments of distribution companies to power plants totalled Rs 83,588 crore. Of this, the overdue outstanding amount is Rs 69,139 crore.
L&T Q3 results preview: Firm may cut order inflow guidance
L&T’s order backlog suggests better execution rate in the domestic market, said ICICI Direct.
L&T’s Ebitda margins improve to 11.3% in Q3; 5 key takeaways
L&T's consolidated profit increased 15.20 per cent year-on-year to Rs 2,352 crore.
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