Adani Power News
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Indian stock-index futures gained, signaling equities may extend a three-week rally.
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Tata Power Co., India’s second- largest generator, is seeking coal assets in the U.S., Canada and Colombia as prices of the fuel drop amid surging shale gas supplies in North America.
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India will cut a levy on foreign investment in rupee-denominated government and corporate bonds to attract overseas capital and narrow the nation’s current- account deficit.
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Tata Power Co., India’s biggest non-state electricity producer, must be compensated for an increase in coal costs at its Mundra plant in Gujarat state, the industry regulator said.
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Adani Power Ltd., controlled by Indian billionaire Gautam Adani, surged in Mumbai trading after the national electricity regulator decided to compensate the utility following an unexpected increase in coal costs.
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Adani Power Ltd. , the generation arm of India’s biggest coal importer, said it plans to spend about 825 billion rupees ($17.5 billion) to increase capacity almost 17-fold to 16,500 megawatts in the next four years.
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Billionaire Sunil Mittal’s Bharti Airtel Ltd. raised $1 billion selling dollar bonds, the second Indian company to conduct a maiden offering in a week as record- low yields drive overseas issuance.
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Adani Power Ltd. , the generation unit of India’s biggest coal importer, fell by a record in Mumbai trading after Gujarat state’s electricity regulator ruled that the company must honor a supply agreement.
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Adani Power Ltd. , the generation arm of India’s biggest coal importer, has been shortlisted to bid for a 1,238-megawatt thermal power project and coal-mining rights in Kosovo, an official said.
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Lanco Infratech Ltd. , an Indian energy and infrastructure company, plans to borrow from Chinese banks, joining rivals in seeking cheaper funds for equipment contracts for plants in the South Asian nation.
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