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State-owned BHEL has secured two significant EPC projects from M.P. Power Generating Company Ltd. valued between Rs 13,000-15,000 crore. These orders are for 1x660 MW Amarkantak and 1x660 MW Satpura Supercritical Thermal Power Plants in Madhya Pradesh. Each project is scheduled for completion within 57 months from the notification of award. State-owned BHEL on Tuesday said it has secured two projects worth Rs 13,000-15,000 crore. The company has received the notifications of award from M.P. Po ...Read More >
New Delhi: In a major development, the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Group's power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company, the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset, a 2×300 MW domestic coal-based power plant, is located in Butibori, Nagpur district, Mahara ...Read More >
New Delhi: In a major boost to Adani Power Ltd (APL), Crisil Ratings has upgraded its rating on the long-term bank facilities of the company from 'Crisil AA-/Positive' to 'Crisil AA/Stable'. Additionally, the global credit rating agency has assigned its 'Crisil AA/Stable' rating to Adani Power's proposed Rs 11,000 crore non-convertible debentures (NCDs). The upgrade reflects Crisil's assessment of Adani Power's improving credit risk profile, citing key business growth parameters such as an inc ...Read More >
NEW DELHI: Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'. The global credit rating agency has also assigned its 'Crisil AA/Stable' rating to Rs 11, 000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects "Crisil Ratings' expectation of strengthening in APL's overall credit risk profile with strong improvement in the business parameters on account of in ...Read More >
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