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Reliance Infra upgrades power distribution system
Reliance Infra serves total of 28 lacs consumers including app 22 lacs which have an average monthly consumption of less than 300 units and most of these living in slums. In order to continue to serve efficiently the existing and new customers, Reliance Infrastructure, the leading electricity distribution company in Mumbai has upgraded its distribution network by adding new substations and cable lines in its distribution network.
As a part of its continuous network augmentation programme to meet the growing demand in the RInfra system, the Company has added 303 new substations to its distribution network during the year 2009 – 10; thus, taking a tally of substations in the system to 5384 with 4155MVA capacity. Similarly, the Company has added new cable network of around 425 Kms. thus, taking the total cable network length to the tune of 7930 Kms. which includes 4113 Kms of high tension and 3817 Kms of low tension cable network.
RInfra has also enhanced its installed capacity of power transformer by 260MVA to take it to 2752MVA.to be able to bring in the additional power flow from various supply sources. RInfra's system caters to a peak demand of around 1516MW which has reflected a growth of 3% over the peak demand in the previous year. The upgraded system would efficiently facilitate 27 lacs RInfra consumers with uninterrupted quality power supply as well as facilitate growth in demand in RInfra's distribution area.
Tata Power to develop 25 MW solar power project at Gujarat
Tata Power Company Ltd is developing a 25 MW solar photovoltaic (PV) power project at Mithapur, Gujarat under the State's Solar Power Policy 2009. A Power Purchase Agreement (PPA) for the project was executed with Gujarat Urja Vikas Nigam Limited.
This plant is likely to be one of the largest of its kind in the country and is targeted for commissioning by December 2011. The project is being set up through a subsidiary Company.Spread over 100 acres of land, the solar plant will be located along the coast of Gujarat. Crystalline Silicon Photo-Voltaic Technology, which is modular, proven, and widely deployed, is the choice of technology for this project.
The Company had set up its first solar power plant of 100 kW, way back in 1996 at Walwhan in Lonavla and is currently executing a 3 MW solar photo-voltaic plant at Mulshi, one of the largest grid-connected solar projects in the State of Maharashtra.
NTPC power plant faces coal shortage: report
In Focus Stories
A2Z Maintenance loses further ground on debut
Shares of A2Z Maintenance & Engineering Services Limited have gone down 18% on debut after opening at Rs 390.The stock closed at Rs 328. The stock has hit a high of Rs 398 and low of Rs 318.Total traded quantity on the counter stood at over 21410095 shares.
The IPO had been subscribed 0.96 times on last day.The total bids received were 17,615,400 shares as against issue size of 18,293,253 shares.
The QIB portion was subscribed 0.7 times and Non-institutional portion was subscribed 3.1 times. The retail portion was subscribed 0.3 times.The company had entered the capital market on 8 December.
The price band had been fixed at Rs 400-410 per share.The issue comprises a fresh issue of equity shares of Rs 10 each at the issue price aggregating Rs6750mn by the company (the Fresh issue) and an offer for sale of 4556,193 equity shares of Rs 10 each at the issue price by the selling shareholders.
The book running lead managers to the issue were IDFC Capital Ltd, DSP Merrill Lynch Ltd, and SBI Capital Markets Ltd.
Patel Engineering stock down on I-T raid
Shares of Patel Engineering have gone down 3% after reports on I-T raids on its premises.The stock is currently trading at Rs 306, down Rs 9.20. The stock has hit a high of Rs 314 and a low of Rs 304.
Total traded quantity on the counter stood at over 0.12 lakh shares.The report stated that during searches details of 12 bank lockers were found which have been sealed.
Lanco Infratech bags Rs41bn EPC contract
Lanco Infratech Ltd has announced that its EPC Division has been awarded the Prestigious EPC Contract by a Moser Baer Group Company, for their 2 x 600 MW Coal Based Thermal Power Project through International Competitive Bidding (ICB).The Scope of Contract includes Complete Main Plant and BOP Package including Civil and Structural Works on Engineering, Procurement and Construction (EPC) basis, however it excludes Non-EPC Works taken up by the Developer.The Value of the Contract is Rs. 41bn.
This is the first ever contract for LITL EPC Division for full scope of EPC Works including the Main Plant for an external client.
REpower signs contract for 51 MW US wind farm project
Domestic News
BHEL bags 3 orders: report
BHEL has reportedly said that it has bagged three orders for setting up solar photovoltaic power plants with a capacity of 2 MW each.
The report stated that the plants will be operationalised as per the Indian Renewable Energy Development Agency Ltd scheme under Jawaharlal Nehru National Solar Mission (JNNSM).
The three orders are valued at Rs 260mn each are slated for execution during 2011, says report.
Jaypee Group deploys SAS Strategy Management
Railways to switch to 5-digit numbering system
Lanco Infratech bags Rs41bn EPC contract
Patel Engineering bags project from REC
Kesar Terminals falls to day's low on debut
Power generating capacity rises to 167317 MW
A2Z Maintenance gains after disappointing debut
Lanco's thermal power project achieves financial closure
Unity Infraprojects bags 3 orders
Patel Engineering stock up on securing order
India and Malaysia sign MoU for highway development
Abhijeet Group plans to raise Rs15bn via IPO: report
Railway revenue up 7.57% during 1st-10th December
J. Kumar Infraprojects bags order worth Rs. 368.5mn
Texmaco inks pact with UGL
Simplex Infra bags contract from REC
Railways ready to transport onion on priority
MMRDA completes Crucial construction on PGLR over
International News
CVC Capital plots US$16-bn buyout of Abertis: report
Private equity firm CVC Capital Partners is plotting a €12 billion ($16 billion) takeover of Spanish infrastructure giant Abertis,according to a report.
The report stated that CVC has initiated talks for funding the deal and plans to start negotiations with the airport and road operator Abertis in January 2011.
Future Fund acquires US$200mn Gatwick stake: report
FUTURE Fund has boosted infrastructure sector exposure, spending US$200 mn on a 17.2% holding in London's Gatwick airport, according to a report.
The report stated that the acquisition of the stake in Britain's second biggest airport adds to the fund's 10% interest in Melbourne airport.
The vendor in the Gatwick transaction, the $5.6 billion, US-based Global Infrastructure Partners, is understood to have started negotiating with the Future Fund in the second half of this year, says report.
Malaysia's government to open tender process for rapid transit (MRT) lines : report
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