Centre plans to improve thermal power generation
The Dollar Business Bureau Thermal power plants in India generated 878 BU during the last year, registering 10.83 % growth as compared to the figure of 792 BU a year ago. The government has taken slew of measures to improve power generation capacity in the country, Piyush Goyal, Minister of State, Power, Coal & New and Renewable Energy said in a written reply to a question in the Rajya Sabha on Monday, reported PIB. Re-allocation of coal blocks cancelled by the Supreme Court through auction, supplying adequate natural gas to gas-based power plants and modernization of several units were part of the measures to improve the country’s capacity of electricity generation. A total of 70 thermal generation units with ...
Sustained industrial revival to take time: Report
The Dollar Business Bureau Industrial output growth after running out of steam post 1QFY15 again appears to be gathering momentum. Industrial output grew 5.0% yoy in February 2015 as against negative 2.0% a year ago and 2.8% a month ago. Cumulatively, it has grown 2.8% so far this fiscal as against negative 0.1% during the same period last fiscal. Despite green shoots emerging, rating agency Ind-Ra believes a sustained industrial revival will take a while. A large number of stalled projects have adversely impacted the balance sheets of both public sector banks and corporate sector, particularly of the ones engaged in the infrastructure sector. As a consequence, instead of expanding their balance sheet both are repairing it, leading to a ...
