T&D News

PGCIL

Power trading transactions exempted from new TDS and TCS

The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions   through online exchanges from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on e-commerce platform, of Income tax Act, 1961.

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ERDA expands switchgear testing facility

ERDA Switchgear | T&D India

Electrical Research & Development Association (ERDA) has announced the expansion of its switchgear testing facility.

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NTPC drops plans to acquire RInfra’s Delhi power distribution business

L&T

NTPC, it is reportedly learnt, has dropped its plans to acquire the power distribution licences of Reliance Infrastructure Ltd, in Delhi.

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First stage of Raigarh-Pugalur UHVDC line energized

ABB

Hitachi ABB Power Grids India, along with consortium partner Bharat Heavy Electricals Ltd, has successfully energized the first stage of the +/-800kV Raigarh-Pugalur UHVDC line.

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Nearly Rs.25,000 cr disbursed to discoms under relief package

MPPTCL

It was informed in Parliament that nearly Rs.25,000 crore worth of loans have been disbursed to power distribution companies (discoms) under the government’s special liquidity infusion scheme, announced during the COVID-19 lockdown.

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Only 3.2 lakh houses yet unelectrified, UP accounts for most

Saubhagya

According to information tabled in Parliament, there are just around 3.2 lakh households nationwide that have yet to be electrified. Uttar Pradesh accounts for nearly 80 per cent of these.

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Inadequate emphasis on “transfer capacity” by PGCIL, notes CAG

IEX

The Comptroller Auditor General (CAG) in a recent report has observed that Power Grid Corporation of India Ltd (PGCIL) made its long-term plans only with respect to “transmission capacity” whereas it should have looked into “total transfer capacity” instead.

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Torrent Power shareholders approve transfer of cable business

Torrent Cable | T&D India

In a stock exchange filing, Torrent Power Ltd said that its shareholders have approved the scheme of transfer of the company’s electrical cable business to TCL Cables Pvt Ltd.

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Total dues of discoms rise 37 per cent in July 2020

Essar

According to latest information available on the government portal PRAAPTI, the total dues of state government-owned power distribution companies as of July 31, 2020 was nearly 37 per cent higher than the comparable level in 2019.

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MP discom becomes first in country in e-office adoption

MPMKVVC | T&D India

Madhya Pradesh Madhya Kshetra Vidyut Vitran Company Ltd (MPMKVVC) has become the first state government power distribution company to adopt e-office system, the utility said in a release.

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