EMCO ENERGY LTD

GMR Warora had defaulted on interest payments on its loans and bonds last year. The power unit has total debt of ₹2,913 crore, of which 81% is deemed as a sustainable portion. The balance loan is unsustainable, which will be substituted with low-cou...

Overall, 9 shares were trading in green in Nifty50 index, while 41 were trading in red in the afternoon trade.

The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds.

IDFC-ADIA consortium may buy 50% stake in Emco Energy Power Project. Deal likely to peg Emco's enterprise value at Rs 4,000-4,500 crore.GMR seeks funding for Emco Energy

Transmission problems are also hurting power trading, said Rajesh K Mediratta, director business development at Indian Energy Exchange.

The power sector is unable to use at least 10 per cent of its capacity due to the choked transmission network in the country.

GMR's gross revenues for the quarter under discussion stood at Rs 2,638 crore against Rs 2,382 crore during the same quarter last year.

GDF Suez – which is part owned by the French government – will buy a 74% stake in the 1000 MW coastal thermal plant from Meenakshi for around Rs 650 crore.

GMR has decided to sell Emco Energy Ltd, which has a 600 mw power plant in Maharashtra, part of an exercise to reduce debt.

GMR has mandated global investment bank JPMorgan to help sell the recently commissioned unit, several people with direct involvement in the discussions said.

GMR said the second unit of the 2X300 MW power plant of EMCO Energy Ltd has been synchronised with the grid.

The first 350 MW unit of GMR Kamalanga Energy Limited (GKEL) in Odisha's Dhenkanal district was declared commercially operational today.

GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year.

The Mutual Fund industry is known to invest in stocks and sectors that are most opportune to the market conditions, and Capital Goods sector, for sure, is not on their preference radar.

At least thirty solar project developers have decided to file a petition before the state electricity regulator to seek extension of the current tariff regime.

GMR Energy would start mining activity at its coal mine in Indonesia from next month, according to a source.

Elecon Engineering Company today said it has bagged orders worth Rs 208.50 crore from various vendors, including GMR Infra and SAIL.

Singapore-based Temasek Holdings, on Friday said that GMR Rnergy Limited (GEL) has signed a shareholders agreement with it to raise capital for energy expansion plans.

Achieves financial closure for EMCO projects: GMR Energy