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QIA Deal may Renew Foreign Interest in Power Distribution

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Adani Transmission has signed an agreement with a subsidiary of Qatar Investment Authority. December 12, 2019 Qatar Investment Authority’s (QIA) plans to invest in Adani Electricity Mumbai, the first by a foreign investor in power distribution, indicate renewed overseas interest in India’s beleaguered power sector, but the mood is still......
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Odisha Government to Privatize Four State-Owned Power Distribution Firms

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The potential sales would be the first transaction since the 2003 privatization of power distribution in Delhi. In the first such move in nearly two decades in India’s power sector, the State government of Odisha is set to privatize four state-owned electricity distribution companies, said two people aware of the......
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Engineering Industry Slams Steel Import Rule

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The Engineering Exports Promotion Council of India (EEPC) has been lobbying hard against the levy of a registration fee for the import of iron and steel products, which it has termed as unnecessary. November 19, 2019 The Narendra Modi government’s decision to insist on compulsory registration for the import of......
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Equinor Signs Agreement With Prysmian for Supply of Inter-Array Cables for Empire Wind Project

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The agreement with Prysmian will help ensure that Empire Wind brings affordable and renewable energy to New Yorkers as efficiently as possible. December 5, 2019 Prysmian Group and Equinor has signed an agreement for the supply of the submarine inter–array cable system for the Empire Wind project, an 816 MW......
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MTNL Shareholders Approve INR 6500 Crore NCD Issue, Monetization of Land and Buildings

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During the extraordinary general meeting of Mahanagar Telephone Nigam Ltd (MTNL), 99.89 votes were cast in favor of the issuance of guaranteed, unsecured, listed, redeemable non-convertible debentures in the nature of bonds (NCDs), in one or more series/tranches, aggregating up to INR 6500 crore on private placement basis. January 9,......
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Polycab Opens First Ever Polycab Experience Centre in Mumbai’s Iconic Lohar Chawl

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The company also plans to invest around Rs 150-200 crore every year to increase the capacity in the consumer product segment. October 1, 2019 Polycab India Limited has inaugurated its first-ever Polycab Experience Centre in the country in Lohar Chawl – Mumbai’s largest iconic wholesale market for electrical goods. Mr.......
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SunAlpha Energy Commissions 1200kW Solar Project for Dynamic Cables

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The rooftop solar project—commissioned under Rajasthan’s solar net-metering policy—will meet about 30% of Dynamic Cables’ energy requirement. October 10, 2019 Rajasthan-based Dynamic Cables, a global manufacturer and supplier of cables and conductors, has partnered with SunAlpha Energy to set up 1200kW of rooftop solar power project at its manufacturing units......
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