Power sector will need Rs 6.4 lakh crore investment until FY35: Moody's

India’s power sector will need ₹4.5-6.4 lakh crore of investment until FY35, as per Moody’s Ratings. This investment will largely support renewable energy projects, with solar and wind power dominating capacity additions. Conventional bank lending, non-bank financial institutions, and long-term foreign capital will be essential to meet these funding requirements.

Fuel demand growth slows to 3.5% in Apr-Jan

India’s petroleum demand growth slowed to 3.5% this fiscal, down from 5.1% last year, mainly due to reduced diesel consumption and declining bitumen sales. Diesel sales rose 4.2% in January due to increased holiday demand and freight movement. Petrol sales remained strong, growing at 7.9% in April-January. Bitumen consumption declined by 4.9%, indicating slower road construction.

Transformers and Rectifiers (India) gets Rs 166-crore transformer supply order

Transformers and Rectifiers (India) Ltd has secured a new order worth Rs 166.45 crore from Hyosung T&D India Pvt Ltd. The contract involves the manufacturing and supply of single-phase coupling transformers for TBCB (tariff-based competitive bidding) projects, to be completed by the next financial year. The company also clarified that its promoters and group companies have no interest in the entities awarding the orders.

Adhunik Power in talks to refinance Rs 1,500 crore debt

The company is looking to refinance debt at around 18%, down from the earlier 22-23% borrowing costs. The 540 MW power plant struggled to sustain its original debt, especially when valuations dropped to Rs 2 crore per MW, justifying only Rs 1,100 crore in debt. However, with valuations now improving to Rs 3-Rs 3.5 crore per MW, the viable debt level has risen to around Rs 1,600 crore.