Tata Power's generation capacity crosses 5,000 MW mark

Tata Power's gross generation capacity has touched 5,297 MW, making it the largest private sector power generating company.

Tata Power has announced the successful synchronization of its second unit of 525 MW (Unit 2) of its Maithon mega power project in Dhanbad, Jharkhand under the requisite standard requirements. The first Unit of 525 MW (Unit 1) was commissioned in September 2011.

With this development, Tata Power's gross generation capacity has touched 5,297 MW, making it the largest private sector power generating company as well. The company is also one of the largest renewable players in the country with significant capacity in wind and solar. The company has current generation capacity of 4,447 MW under thermal and 850 MW under Non-GHS clean gen.

In the early afternoon, Tata Power was trading at around Rs102.30 per share on the Bombay Stock Exchange, 0.15% down from the previous close.

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Promoters hike stake in Hindustan Motors by 7%

Promoter group firms, Central India Industries, Amer Investments (Delhi), Bengal Rubber Co and Hindustan Discounting Co have together acquired 11.8 million shares of the company.

Hindustan Motors said four promoter group firms have increased their stake in the company to 32.19% by picking up an additional 6.82% through preferential allotment.

Promoter group firms, Central India Industries, Amer Investments (Delhi), Bengal Rubber Co and Hindustan Discounting Co have together acquired 11.8 million shares of the company on March 12, Hindustan Motors said in a filing to the BSE.

The mode of acquisition is through preferential allotment, it added.

In the early afternoon, Hindustan Motors was trading at around Rs11.30 per share on the Bombay Stock Exchange, 7.11% up from the previous close.

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Sahara Care to pay Rs2.5 lakh to legal heirs of policy holder

“The life is the first priority for the doctor as well as for the attendants,” the District Consumer Disputes Redressal Forum said.

Sahara Care, an insurance firm of Sahara group, has been directed by a consumer forum to pay Rs2.5 lakh reimbursement and compensation to the legal heirs of one of its mediclaim policy holders, who died during treatment with the firm refusing to settle medical expenses over it. The District Consumer Disputes Redressal Forum passed the order, holding the company guilty of being “deficient” in providing medical facility, under its policy.

“Holding respondent deficient in providing the medical facility and reimbursement of the claim under the policy, we direct it to pay a sum of Rs2,00,000 under the policy of medi claim to the heirs of the deceased Jagat Singh together with Rs50,000 as compensation for causing harassment to his heirs,” the forum said.

Narender Singh, son of late Jagat Singh, in his plea had said his father had purchased the cashless mediclaim policy, which provided a cover of Rs2 lakh, from Sahara Care in January 2010.

He said his father was hospitalised in the Fortis Hospital at Noida in February 2011 and subsequent to his death all relevant documents were given to the company, despite which, it had not settled the claim. Sahara Care had contended the claim was rejected as the company was not informed about the hospitalisation, within 24 hours of the same.

The forum presided over by N A Zaidi brushed aside the contention, saying Jagat Singh was hospitalised in serious condition and in that situation “if there was any delay at all the same can safely be ignored.”

"It is not expected when the patient is in a critical stage that anybody will think of first informing the insurance company and then asking for the treatment. The life is the first priority for the doctor as well as for the attendants," it said, adding "insurance company cannot be allowed to take the benefit of the adverse circumstances of the insured and they cannot escape from their liability."

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