Are you frustrated with having to wait for the power to come back each time a nearby transformer becomes unserviceable? Or when there are frequent power turn-offs for preventative maintenance?

CESC has declared the results for the three months period ended March 31, 2009.

The company has posted a 9.30% growth in standalone net profit for the fourth quarter ended March 2009.

The company has registered a net profit at Rs 940 million, as against Rs 860 million during the same quarter last year.

Net sales during the period under review surged 18.18% to Rs 7,540 million, whereas total income for the quarter climbed 13.97% to Rs 7,750 million.

ABB, a leader in power and automation technologies, has secured substation orders worth Rs 425 crore from Powergrid, Country's largest power distributor, to boost capacity and help improve grid reliability.

The scope of contract includes design, supply, installation and commissioning of 765/400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur and Seoni (both Madhya Pradesh), and of a 400/220 kV substation at Palakkad (Kerala).

The projects are expected to be completed by mid-2011.

Property developer Indiabulls Real Estate (IBREL) has informed that company's board of directors has finally approved a plan to raise $600 million (Rs 3,000 crore) through qualified institutional placement (QIP) of securities.

The QIP proceeds are expected to be utilized for funding its power projects, mainly a 1,320-megawatt project planned in Amaravati in Maharashtra.

The board of directors took a decision to this effect at its meeting on April 24 (Friday).

KEC International, one of the largest Power Transmission EPC companies in the world, has received two new orders worth Rs 95 crore in Mozambique and Namibia.
 
According to an official statement, the first order, which is for Mozambique includes construction of a 100 km-110 kv transmission line and substation in Cabo Dalgado region.

According to latest reports, it has been revealed that country's largest engineering and construction conglomerate, Larsen & Toubro (L&T) is all set to enter nuclear power plant construction business.

Sources familiar with the development informed that the engineering and construction firm is presently in talks with two overseas firm and will soon sign a cooperation agreements with General Electric Hitachi of the US and Areva of France, two of the largest vendors of reactors, within time period of 3 to 4 weeks.