Budget 2024: Power sector likely to gain momentum riding on renewable energy
Most brokerages anticipate a focus on fiscal consolidation and priorities regarding capital and non-capital expenditure.
Most brokerages anticipate a focus on fiscal consolidation and priorities regarding capital and non-capital expenditure.
The Capital Adequacy Ratio of the company stands at a comfortable 25.78 per cent as on March 31, 2023, implying ample opportunity to support future growth.
The Ministry of Coal has notified that the closing stock of coal at the domestic coal-based power plants, as on 31 October, this year was 25.6 Million Tons (MT) which is the highest ever in the month of October except for the Covid year of 2020-21.
The Central Government has notified these rules with a view to streamlining the process of planning, development and recovery of investment in the transmission system.
Coal India is focusing on ramping up its supplies to pithead based power plants to higher levels. This would influence in cost per unit of power generated coming down.
CESC recently faced a barrage of complaints from the customers on the previous June bill that contained unbilled charges of April and May. It had put the unbilled charges in abeyance and will recover just the bill for the month of June.
Mondol has been with NTPC for over 35 years and has held several key leadership positions across multiple business units.
The Governments will endeavour to take necessary steps to encourage and promote strategic and technical co-operation in the power sector for mutual benefit in the identified areas through the MoU.
Coal Minister Pralhad Joshi had said that the firm will further produce 1 billion tonnes of coal by FY2024.
The total coal offtake at 290.81 mt during this period was 21.81 mt more, registering a growth of 8.1 per cent.
