IndiaCatalog.com
India News
Search Web Directory
News Home
NTPC-Power Grid JV likely to be distribution sector operator
Posted on 27th June 2019
The Centre’s latest plan to form a national electricity distribution company is likely to be a distribution sector operator (DSO), with overarching responsibilities of sectoral reforms and technical expertise. Officials said the company would be involved in the consultancy business and not exactly intervene in the business of state-owned power distribution companies (discoms).

Last week, India’s two leading public sector utilities — NTPC and Power Grid Corporation of India — formed a joint venture to set up a National Electricity Distribution Company. Senior executives said a committee had been set up that is designing the road map for the company. “It would also need approvals from the NITI Aayog and the Department of Investment and Public Assets Management,” said an executive.

A statement by the spokesperson of the Ministry of Power last week said: "An agreement has been entered between Power Grid and NTPC on June 21 for the formation of a JV company on a 50:50 equity basis for setting up National Electricity Distribution Company (NEDCL). The main objective of the JVC is to undertake the business for distribution of electricity in distribution circles in various states and union territories of India and other related activities."

Senior government officials dismissed the notion that the new company would function like an alternative discom. Electricity in India is in the concurrent list, wherein power distribution is a state subject. Barring few areas in some states, Delhi, and Mumbai, discoms are owned by the state governments but are financially beleaguered. Losses of state-owned discoms grew over 40 per cent to Rs 21,658 crore at the end of FY19.

“There is not one agency that can be the guiding force for reforms that discoms need to take... Operational efficiency can be improved with technological intervention. These companies are adept at doing it,” said an official.

Related Companies: NTPC Limited   

Other Latest News
BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth
Posted on 19th August 2019
Public sector lenders, including PNB, BoB and Corporation Bank, have organised a two-day consultation process at branch level, seeking suggestions to make the sector future ready and be a catalyst in economic growth. The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance.

Sebi to ease buyback norms for companies with housing finance, NBFC arms
Posted on 19th August 2019
Capital markets regulator Sebi is planning to ease its norms for buyback of shares by listed companies, especially those having subsidiaries in housing finance and NBFC sectors. According to top officials, a proposal in this regard is expected to be discussed by Sebi’s board at its meeting this week. The repurchase of shares by listed companies is governed by the Buyback Regulations of the Securities and Exchange Board of India (Sebi) as well as by the Companies Act.

Paytm promotes CFO Madhur Deora as President
Posted on 19th August 2019
New Delhi: Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora as the company's President.

Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.


State Bank of India mulls repo-linked home loans for existing borrowers
Posted on 19th August 2019
Kolkata: State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for better traction in consumer demand in the second half of the fiscal expecting the government to offer fiscal stimulus.

Apollo Hospitals’ profit focus is key to retaining investor interest
Posted on 19th August 2019
Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August. With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of ₹1,4687 on Friday.

Losses the company’s new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for NTPC-Power Grid JV likely to be distribution sector operator
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for NTPC-Power Grid JV likely to be distribution sector operator

Most Read News

IOC to invest Rs 2 lakh cr to expand operations

Bharti Airtel, Vodafone Idea shares tumble after Mukesh Ambani announces Reliance Jio’s ambitious plan

Sensex sinks over 300 points; metal, auto stocks drag

Aramco to invest $15bn in Reliance Industries Limited

Yes Bank shares fall to 5 year low; board’s capital raising committee to consider issue price on Aug 14

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement