A round up of the major headlines that dominated the Power sector, nationally and internationally
ReNew Power Ventures, a Gurgaon-headquartered renewable energy company, raised the largest amount of venture capital funding in the wind power sector last year, according to a global report on wind energy funding and M&A activity for 2015.
Crompton Greaves , Avantha Group company, reported consolidated net loss of Rs.107.03 crore for the quarter ended December 31, 2015. However, it had reported net profit of Rs.274.29 crore in the corresponding quarter of the previous year and Rs. 52.14 crore in the preceding quarter. The company’s consolidated revenue stood at Rs. 2,067.80 crore, down 14.18% yoy and 8.86% qoq.
Tata Power, India’s largest integrated power company, has always given priority to the safety and well-being of all is stakeholders including the customers, employees, visitors etc. In recognition of this commitment, Tata Power’s Visitor Induction Module was honored with the ‘Best Corporate Film in the area of Health, Safety and Environment’ at the Mega Corporate Film Awards 2016.
Coal India has announced the provisional production and offtake performance for the month of January 2016.The company and its subsidiaries have achieved 94% of the targeted coal production at 52.86 million tonnes in January 2016.The company and its subsidiaries have achieved 95% of the targeted offtake at 48.32 million tonnes in January 2016.
Anchor by Panasonic, a vital member of Panasonic Corporation Eco Solutions company was declared winner in the category of Rooftop Solar Module Company in recognition of its continuing efforts and outstanding contribution towards the development of rooftop solar industry.
TD Power Systems, a heavy electrical equipment manufacturer, will announce its financial results on February 3 for the third quarter ended December 31, 2015.
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