T&D News
Share of power T&D inches up in PFC’s loan book
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March 31, 2018. Rajeev Sharma, Chairman & Managing Director, PFC, highlighted this point during a press conference in Mumbai on May 29, 2019, held to discuss the company’s audited financial results for the fiscal year 2018-19.
“Anchor” changes corporate entity, but will continue as brand
- Apr 10, 2019
After over a decade of having taken over by Panasonic of Japan, Anchor Electricals Pvt Ltd announced that it would now be known as “Panasonic Life Solutions India Pvt Ltd.” The 50-year old “Anchor” brand, a traditional leader in the wiring devices space, will however continue. The change in corporate identity is effective April 1, 2019.
Sterlite Power completes live-line reconductoring project
- Apr 3, 2019
Sterlite Power, in a statement, said that it has successfully completed India’s first live-line project in Bengaluru. The company successfully undertook the reconductoring of a 66kV transmission line connecting to Bengaluru’s Electronic City under live-line conditions.
Polycab sees opportunities in EHV cable business
- Apr 2, 2019
Polycab India sees good business potential in extra high voltage (EHV) cables, according to R. Ramakrishnan, the company’s CEO. Ramakrishnan was addressing a press conference in Mumbai, ahead of the company’s initial public offering (IPO) of equity shares that is scheduled to open on April 5, 2019.
Tata Power crosses 7 lakh consumers in Mumbai
- Mar 7, 2019
Tata Power, on March 3, 2019, crossed the 7-lakh consumer base mark in Mumbai. On this occasion, Tata Power invited Sumit Acharya – consumer number 7 lakh at a celebratory event held at its Dharavi Receiving Station where he planted a sapling to commemorate this achievement.
REC acquisition will boost PFC’s power T&D portfolio
- Feb 18, 2019
The acquisition of Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will boost the latter’s power T&D portfolio, according to Rajeev Sharma, CMD, Power Finance Corporation Ltd. Sharma was addressing a media conference in Mumbai on the company’s Q3FY19 results and the impact of the PFC-REC deal.