Monnet Ispat & Energy’s fiscal 3Q 2009 (ending December 31, 2009) NI rose by 103% YoY to INR680 mn from INR335 mn in fiscal 3Q 2008. Total income for the period fell by 6.97% YoY to INR3,721.9 mn from INR4,000.8 mn in fiscal 3Q 2008, while Total Expenditures declined by 17.9% YoY to INR2,778.0 mn [...]

The Abu Dhabi National Energy Company has decided to extend its share buyback program for another year, reported Khaleej Times, a move that is intended to support its share price. Last year the company secured approval from the Securities and Commodities Authority to repurchase from the market up to 10% of equity or 622.5 mn [...]

On Tuesday India’s state-run power utility NTPC set the price floor for its upcoming share sale at INR201 per share, bringing the implied size of the offering of 412.2 mn shares to INR82.87 bn ($1.79 bn), the largest sale of a state asset in the government’s current privatization program drive. The sale represents 5% of [...]

A newspaper report on Friday indicated that Brazil’s federal government is expected to renew concessions for many state-controlled electric utilities, including Cia Energetica de Sao Paulo, one of Brazil’s largest state-controlled electric companies, along with Companhia Energetica de Minas Gerais [USIM6 BZ], Cemig [CMIG4 BR], and Copel [CPLE6 SA] in the state of Parana. However, [...]

GVK Power & Infrastructure’s fiscal 3Q 2009 (ending December 31, 2009) consolidated NI rose by 105.4% YoY to INR458 mn from INR223 mn in 3Q 2008. Consolidated 3Q 2009 Total income rose by 348% YoY to INR4,843.5 mn from INR1,080.2 mn in 3Q 2008. Fiscal 3Q 2009 Net sales rose by 353.8% YoY to [...]

State-run power producer NHPC said fiscal 3Q 2009 (ending December 31, 2009) NI was INR5.81 bn versus a Net Loss 539.4 mn in 3Q 2008. Total income in 3Q 2009 rose by 163% YoY to INR12,769.7 mn from INR4,859.0 mn in 3Q 2008.
During fiscal 9M 2009 (ending December 31, 2009) NHPC’s NI rose by 62.3% [...]

Kalpataru Power Transmission (KPTL) fiscal 3Q 2009 Profit After Tax (PAT) rose by 120% YoY to INR440.7 mn from INR199.5 mn in 3Q 2008. Revenues in 3Q 2009 rose by 72% YoY to INR7.158 bn from INR4.168 bn in 3Q 2008.
Revenue for 9M 2009 to December 31 rose by 32% YoY to INR17.59 bn from [...]

PTC India’s NI for fiscal 3Q 2009 (ending December 31, 2009) slid by 32.98% YoY to INR158.81 mn from INR236.96 mn in 3Q 2008. Net sales fell by 19.81% YoY to INR16.976 bn. Total income for fiscal 3q 2009 fell by 20.30% YoY to INR17.118 bn from INR21.479 bn I 3Q 2008.
PTC India is a [...]

A consortium led by Srei Infrastructure [SREI IN] now owns 57.17% of power distribution company DPSC and will make an open offer for an additional 20%. Andrew Yule, LIC and United India Insurance, the divesting former owners of DPSC, received a total of INR1,718.5 mn. LIC sold 30.61% of the company, United India Insurance sold [...]

Poland is planning a road show to market a 16% stake in Enea, an energy distributor, targeted towards institutional investors in Europe and the US, ahead of a sale of a controlling stake to a strategic investor.
The sale of the stake worth some $500 mn is planned for February, ahead of a sale of a [...]