Tuesday, 12 May 2015

Lanco, GVK Power, GMR applied for supply of imported gas

Lanco Infratech, GMR Energy, Torrent Power, GVK Power and Ratnagiri Thermal Power are among companies that have applied for supply of imported gas for their power plants, according to reports.
Report said that the power ministry received bids from gas-based power plants with combined stranded capacity of 8,000 megawatts.
India's total gas-based power generation capacity is 27,123 MW, says report.
The reverse auction will now commence at 11 am for stranded power plants. The electronic eauction platform will automatically calculate and display the quantity of the required re-gasified liquefied natural gas (RLNG) to generate the quoted amount of electricity. 

Sunday, 12 April 2015

GVK Power gains after commissioning a power plant unit

GVK Power & Infrastructure (GVK Power) said on Saturday April 11 that the 330 megawatts (MW) (4x82.50 MW) Alaknanda Hydro Power Company, a step down subsidiary of the company has successfully synchronised its first unit of 82.50 MW with the grid on 10 April 2015 and is generating at full load. The synchronisation of second and third units with the grid are expected during this month and the last unit (fourth) is likely to be commissioned by next month, GVK Power said.

On consolidated basis, GVK Power & Infrastructure reported net loss of Rs 209.12 crore in Q3 December 2014, higher than net loss of Rs 45.43 crore in Q3 December 2013. Net sales rose 7.7% to Rs 791.92 crore in Q3 December 2014 over Q3 December 2013. The stock hit a high of Rs 9.97 and a low of Rs 9.75 so far during the day.

GVK Power & Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

Saturday, 11 April 2015

GVK Power arm's 82.50 MW unit goes on stream

GVK Power & Infrastructure Ltd has announced that the 330MW (4x82.50MW) Alaknanda Hydro Power Company Limited, a step down subsidiary of the Company has successfully synchronised its First Unit of 82.50 MW with the grid on April 10, 2015 and is generating at full load.
The synchronisation of Second and Third Units with the grid are expected during this month and the last Unit (Fourth) is likely to be commissioned by next month.

Friday, 10 April 2015

Jindal Steel and Power joins Prime Minister’s call to Indian citizens to give up LPG subsidy

Jindal Steel and Power Limited (JSPL) announced its commitment to join call made by Honourable Prime Minister Narendra Modi to Indian citizens, who can afford, to voluntarily let go of the domestic LPG subsidy as their personal contribution towards nation building. Immediately after the appeal made by the Prime Minister, JSPL’s senior management led by its Chairman Naveen Jindal came forward to participate in this unique initiative.

Jindal Steel and Power made an appeal to it’s over 20,000 employees to come forward and support the cause of nation building under the leadership of our Prime Minister. JSPL had launched a multi-media internal communications campaign to create awareness and facilitate participation of it’s over 20,000 employees in the “Give It Up” call. In the coming days, the company plans to extend the outreach to the employment eco-system of 50,000 families that are associated with JSPL, as well as its over 1 lakh shareholders.

Jaypee Infratech stock surges 6%

Jaypee Infratech Ltd surged 6% at Rs 19.50, hitting a high of Rs 19.30 and a low of Rs 18.70. The company has announced that the Board of Directors of the Company at its meeting held on February 09, 2015, appointed Lalit Bhasin on the Board of the Company as an Additional Director (Independent) for a period of (5) years w.e.f. February 09, 2015.
Gopalkrishna Annaji Tadas, Chief General Manager, IDBI Bank, Mumbai was appointed as Nominee of IDBI Bank w.e.f. February 09, 2015.

Wednesday, 8 April 2015

Gujarat NRE Coke allots equity shares to ICICI Bank

Gujarat NRE Coke Ltd has announced that the Management Committee of the Board of Directors of the Company at its meeting held on April 08, 2015, has considered and approved the allotment of 11,77,004 equity shares of Rs. 10 each at Rs. 11.01/- (at a premium of Rs. 1.01 per equity share) consequent upon the option exercised by ICICI Bank Ltd to convert its Funded Interest term loan (FITL) into equity shares of the Company under CDR package in accordance with the resolution passed by the shareholders through postal ballot.

Consequently, the paid-up capital of the Company has increased from Rs. 742,47,30,450 to Rs. 743,65,00,490 comprising of 69,11,62,039 Equity Shares of Ks. 10/- each and 5,24,88,010 "B" Equity Shares of Rs. 10/- each.

GVK Power stock gains after Vertex Project increases stake

GVK Power & Infrastructure ended 1% higher percent at Rs. 9.39 on reports that Vertex Project will increase its stake in the company from 8.91 percent to 15.24 percent. The stock has hit a high of Rs 9.72 and a low of Rs 9.35. Total traded quantity on the counter stood at over 7.90 lakh shares.