Jet Airways plans to secure debt using revenue from ticket sales
Shares of debt-ridden airline company Jet Airways dropped 3% on Friday after an Economic Times report suggested that the company is planning to utilize its revenue from ticket sales to secure its debt.
As per the report, the company will use part of the money from advance sales of tickets that would go to an escrow account, which further can be accessed by banks against debt. Additionally, the company is also said to have approached the upper echelons of officials earlier this week in pursuit of a rescue by state-run banks.
Torrent Power appointed as distribution franchisee for Thane circle
Torrent Power Limited (TPL) has emerged as the winner of the competitive bidding process conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The power company has been appointed as an input-based distribution franchisee for the distribution of electricity in Shil, Mumbra, & Kalwa sub-divisions under the Thane Urban Circle for a period of 20 years. The company announced the news via a press release on Thursday afternoon.
NHPC completes shutdown of Parbati-III power station
NHPC, in its filing to the exchanges, informed that the company has completed the shutdown of its Parbati-111 (520 MW) Power Station in Himachal Pradesh.
"The shutdown will cause tentative loss of 35.1MUs in the production of electricity and 6.5% in PAF," the company said in a press note on Thursday after market hours to the exchanges. NHPC further informed that the tentative financial on the interim order determined by Central Electricity Regulatory Commission (CERC) is Rs24.04cr, while on final tariff determination by CERC is Rs30.14cr.
CESC wins power distribution franchisee in Malegaon
Power generation and distribution company CESC announced that it has emerged as the lowest bidder for the Maharashtra State Electricity Distribution Company Ltd letter of intent (LoI) to distribute power in Maharashtra's Malegaon circle.
We have been declared as the successful bidder for appointment as distribution franchisee in respect of Malegaon municipal corporation area under Malegaon circle in the state of Maharashtra, CESC said in a statement to the exchanges after-market hours on Thursday.
Sun Pharma completes acquisition of Pola Pharma of Japan
Sun Pharma said that it has completed the acquisition of Pola Pharma Inc., Japan. The announcement was made after market hours today.
Sun Pharma has completed all the necessary formalities, the acquisition of 100% shares of Pola Pharma Inc., Japan, via the company's wholly owned subsidiary, the company's BSE filing stated.
Shares of debt-ridden airline company Jet Airways dropped 3% on Friday after an Economic Times report suggested that the company is planning to utilize its revenue from ticket sales to secure its debt.
As per the report, the company will use part of the money from advance sales of tickets that would go to an escrow account, which further can be accessed by banks against debt. Additionally, the company is also said to have approached the upper echelons of officials earlier this week in pursuit of a rescue by state-run banks.
Torrent Power appointed as distribution franchisee for Thane circle
Torrent Power Limited (TPL) has emerged as the winner of the competitive bidding process conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The power company has been appointed as an input-based distribution franchisee for the distribution of electricity in Shil, Mumbra, & Kalwa sub-divisions under the Thane Urban Circle for a period of 20 years. The company announced the news via a press release on Thursday afternoon.
NHPC completes shutdown of Parbati-III power station
NHPC, in its filing to the exchanges, informed that the company has completed the shutdown of its Parbati-111 (520 MW) Power Station in Himachal Pradesh.
"The shutdown will cause tentative loss of 35.1MUs in the production of electricity and 6.5% in PAF," the company said in a press note on Thursday after market hours to the exchanges. NHPC further informed that the tentative financial on the interim order determined by Central Electricity Regulatory Commission (CERC) is Rs24.04cr, while on final tariff determination by CERC is Rs30.14cr.
CESC wins power distribution franchisee in Malegaon
Power generation and distribution company CESC announced that it has emerged as the lowest bidder for the Maharashtra State Electricity Distribution Company Ltd letter of intent (LoI) to distribute power in Maharashtra's Malegaon circle.
We have been declared as the successful bidder for appointment as distribution franchisee in respect of Malegaon municipal corporation area under Malegaon circle in the state of Maharashtra, CESC said in a statement to the exchanges after-market hours on Thursday.
Sun Pharma completes acquisition of Pola Pharma of Japan
Sun Pharma said that it has completed the acquisition of Pola Pharma Inc., Japan. The announcement was made after market hours today.
Sun Pharma has completed all the necessary formalities, the acquisition of 100% shares of Pola Pharma Inc., Japan, via the company's wholly owned subsidiary, the company's BSE filing stated.
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