Among the major stages in the evolution of power sector is establishment of Power Exchanges in 2008. The absence of a trading platform, or a market place, for electricity was a basic drawback which hindered the development of electricity market. Before the formation of exchanges, power was sold/purchased through bilateral agreements, mostly long term PPAs … Continue reading Towards Efficient Electricity Market… (Part 2)
The merger of Reliance Communications with Aircel adds to the list of industries witnessing significant consolidation. Other recent ones are Cement with buy-out of Jaiprakash Associates’ by Ultratech and a number of buy-outs in Power sector. Globally, the scenario is even more pronounced with deals in the range of $ 20-30 bn being a common occurrence. So what drives … Continue reading Consolidation in Industries – What drives it..??
Jaiprakash Associates (JAL) hogged lot of limelight last week when it declared its results although not for good reasons. The company reported defaulting on its principal and repayment dues almost to the tune of what it was worth ten years back..! Another growth story gone wrong.. JAL, a Cement, Power and Civil Construction company … Continue reading Jaiprakash Associates – What went wrong.??
Divestment of 30% stake in GMR Energy is part of GMR Group’s effort to deleverage its balance sheet, reduce interest burden and bring about some stability to group’s finances. However, the size of the deal is still relatively small and it may have to make more efforts on the same lines. The genesis of the … Continue reading GMR Energy – Is the divestment enough…