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1.Which features are in-demand in mining equipment?

Safety, productivity and versatility technologies are crucial to successful mining.


2.We take on the complete job, from maintenance to operations

Voltas’ Mining and Construction Equipment (M&CE) division dates back to 1954, to the post-Independence era that required rapid industrialisation


3.MNRE directs the release of PBGs within 45 days after project completion

Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.


4.Power discoms owe dues worth Rs 68 billion to renewable energy developers

Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers


5.KIIFB issues first ever offshore masala bonds worth Rs 21 billion

Successful closing of this deal is expected to open new avenues for KIIFB


6.NTPC signs MoU with Indian Railways for fly-ash transportation

India’s largest power utility NTPC has signed a MoU with Hazipur-based East Central Railway Zone for transportation of fly-ash under the Indian Railways’ Special Freight Train Operator (SFTO) scheme. NTPC thus became the first entity in the country to sign an SFTO agreement with Indian Railways. The fly-ash will be transported by Bogey Tank For Alumina Powder (BTAP) rakes, which are leakproof wagons with special air fluidising system.


7.NTPC signs term loan of Rs 50 billion with State Bank of India

NTPC has signed a term loan agreement for Rs 50 billion with State Bank of India. The loan facility is extended at an interest rate linked to three-month MCLR of the bank.


8.NTPC to generate 20,976 MW of additional power

The NTPC has planned to add 20,976 MW of additional power to its current installed capacity of 51,671 MW in the next seven years.


9.NTPC leads in India and global energy transition

State-owned Indian utility NTPC is playing a key role in India’s push toward retooling its electricity-generation system, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).


10.Revision in Masala Bonds Norms

The credit policy has fixed the maximum all inclusive cost for masala bonds. CARE Ratings has put together some information on companies which have borrowed such funds and the cost incurred as interest on them. it will be interesting to see as to how firms react to this new norm as they compare these rates with domestic borrowing costs.


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