Latest news with #MaharashtraStateElectricityDistributionCompanyLimited
Business Upturn
7 hours ago
- Business
- Business Upturn
Rama Steel Tubes enters renewable energy sector with 10% stake in 225 MW solar power project under PM-KUSUM
Rama Steel Tubes Limited (RSTL), a prominent player in the steel tubes manufacturing space, has taken a strategic step into renewable energy by acquiring a 10% equity stake in a 225 MW solar power project under the PM-KUSUM scheme. The project is executed via a Special Purpose Vehicle (SPV), Onix IPP, and is spread across various locations in Maharashtra. As per the official release, Power Purchase Agreements (PPAs) have been signed with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) at a fixed tariff of ₹3.10/unit for 25 years. This ensures long-term revenue visibility and aligns with India's clean energy goals. RSTL is expected to generate annual revenue of ₹10.81 crore from this investment, translating to ₹270.28 crore over the PPA tenure. This investment marks Rama Steel's diversification beyond traditional manufacturing and into ESG-compliant, sustainability-linked revenue streams. The company's management stated that this initiative is in sync with India's net-zero ambitions and rural development focus. Updated stock details Shares of Rama Steel Tubes were last seen trading at ₹25.15, up 1.41% on Thursday. The company has a market capitalization of approximately ₹910 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Time of India
4 days ago
- General
- Time of India
MSEDCL's ‘Run for Safety' marathon in Nagpur an eye opener
Nagpur: Marking its 20th anniversary, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) kicked off its 'Electrical Safety Week' (June 1–6) on Sunday with the high-energy 'Run for Safety' marathon in Nagpur. The event, aimed at raising awareness about electrical safety and preventing electricity-related accidents across Maharashtra, saw an enthusiastic response from employees and citizens alike. The marathon was flagged off at Vidyut Bhavan by Nagpur circle chief engineer Dilip Dodke. In his inaugural address, Dodke emphasised this year's theme: "Zero Accidents in MSEDCL, Zero in Maharashtra." He highlighted the importance of creating public awareness about electrical safety and reducing the number of accidents, while also underlining the need for prioritising safety and maintaining a healthy work environment. Nearly 700 participants — including senior engineers, department heads, officers, and staff from Nagpur city, Nagpur rural, the regional office, and the testing division — joined the 2.5-kilometre run. Superintendent engineers Amit Paranjpe, Sanjay Wakde, Mangesh Vaidya, and Vaibhav Patode led their respective teams in demonstrating MSEDCL's commitment to safety. Throughout the event, awareness messages were amplified using slogans, brochures, posters, banners, and videos focused on electrical safety. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo The marathon concluded at Prakash Bhavan, Gaddigodam, where chief engineer Dodke chaired the closing ceremony. Praising the active participation and teamwork displayed by the staff, he remarked that the marathon not only promoted physical fitness and safety consciousness but also strengthened unity and dedication among MSEDCL employees. Prominent dignitaries, including Adv Gauri Chandrayan, director of customer affairs, graced the occasion alongside the participating engineers. Beyond the marathon, MSEDCL has lined up a series of public outreach initiatives for Electrical Safety Week. These include public awareness campaigns, essay and drawing competitions, a safety quiz, poster campaigns, and a rally to mark World Environment Day on June 5. Additionally, safety messages are being disseminated via SMS and email to both employees and consumers. Branch offices are hosting safety pledge ceremonies, and a series of entertainment and cultural programmes have been planned for employees and their families to reinforce the importance of safety in both professional and personal settings.
Time of India
6 days ago
- Business
- Time of India
MSEDCL's 20th Anniversary Week to Focus on Electrical Safety
Nagpur: The Maharashtra State Electricity Distribution Company Limited (MSEDCL), established following the restructuring of the Maharashtra State Electricity Board (MSEB), will celebrate its 20th anniversary on June 6. To mark this milestone, MSEDCL will observe "Anniversary and Electrical Safety Week" from June 1 to 6. The theme for the week is "Zero Accidents in MSEDCL... Zero Accidents in Maharashtra." While MSEDCL has made notable progress in reducing accidents involving its employees in recent years, the company has reported a concerning rise in electrical accidents involving citizens, especially children. To address this, the anniversary week will emphasize raising public awareness about electrical safety and reducing such incidents. The celebrations will commence on June 1 with a "Run for Safety" marathon in major cities where MSEDCL's circle offices are located. Throughout the week, the company will use tools such as SMS and email to disseminate information about electrical safety to employees and customers. On June 2, awareness drives will be conducted in residential areas, marketplaces, public transport hubs, and other busy locations across all subdivisions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo MSEDCL has also planned a series of competitions to engage employees, their families, students, customers, and community volunteers. These include quizzes, essay writing, and drawing competitions focused on electrical safety, scheduled for June 3 and 4. Safety posters will be displayed at company offices, substations, complaint centres, and public areas. In addition, the safety message will be promoted via social media, radio, and television. On June 5, which is also World Environment Day, divisional-level rallies will be organised to promote electrical safety and energy conservation. The celebrations will conclude on June 6 with anniversary greetings sent to all employees via SMS, and customers will receive reminders about safety precautions. Safety pledge ceremonies will be held at branch offices, followed by entertainment and cultural programmes for employees and their families. Those interested in participating in the essay, drawing, or quiz competitions must register by 5 pm on Monday, June 2. Registrations can be made by contacting Kunal Gajbhiye, manager (HR), Nagpur urban circle, at Prakash Bhavan, Gaddigodam, or by emailing managerhrnuc@ Chief engineer of Nagpur circle, Dilip Dodke, has urged all officers, employees, and their families to actively participate in the anniversary events and contribute to making the safety week a grand success.
Time of India
27-05-2025
- Business
- Time of India
MSEDCL to refund Rs29.87 crore to power consumers as interest on security deposits
Nagpur: Maharashtra State Electricity Distribution Company Limited (MSEDCL) will refund a total of Rs29.87 crore as interest to low-tension electricity consumers in the Nagpur circle for the financial year 2024–25, against the security deposits they paid. This interest amount is being adjusted directly into the consumers' electricity bills. Of this, Rs26.13 crore will be refunded to 15.40 lakh consumers in Nagpur district, while Rs3.74 crore will go to 3.96 lakh consumers in Wardha district. Compared to the previous financial year, this year's refund amount is higher by Rs2.09 crore. MSEDCL stated that the security deposit collected from consumers is used by MSEDCL not only for consumer welfare, but it also earns interest at rates determined periodically by the Reserve Bank of India (RBI). The discom claimed that MSEDCL's entire operation runs on the strength of its consumers. "The revenue collected from electricity bills covers power purchase, transmission, distribution, maintenance, repairs, and administrative expenses. It is only when consumers pay their bills regularly that MSEDCL can continue purchasing and supplying electricity smoothly," said MSEDCL. The distribution company has the right to reassess security deposits once a year, based on electricity consumption patterns. If a consumer's security deposit falls short of the average two-month consumption amount for the financial year, they are issued a bill for an additional security deposit. Even if a consumer previously paid a deposit, if their electricity usage or tariffs increased, the difference is billed as an additional security deposit. For consumers who have not yet paid the additional deposit, the outstanding amount is being adjusted from the interest on the security deposit. The regulatory commission has instructed that interest on consumer security deposits be paid at rates specified by the RBI from time to time, depending on the deposit's duration. Importantly, the security deposit held with MSEDCL remains the consumer's money — when the electricity supply is permanently disconnected, this deposit is refunded to the consumer along with the interest. MSEDCL has appealed to all consumers to promptly pay any additional security deposit amounts when billed, in order to ensure smooth operations and continued cooperation.
NDTV
25-05-2025
- NDTV
Consumer Body Orders Power Company Staffers To Pay Rs 10 Lakh To Maharashtra Farmer
Mumbai: A consumer commission in Maharashtra's Nagpur has directed four employees of a state-run power company to pay Rs 10 lakh to a farmer whose bamboo crop was damaged in a fire caused by a fault in power lines passing through his field. Additional District Consumer Grievance Redressal Commission, Nagpur, in a recent order, directed three top-ranked engineers of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) and its regional director in the area to pay the compensation. The commission held that the officials "failed to maintain the power lines properly and were negligent, which constitutes a deficiency in service". The complainant, a 68-year-old farmer, stated that he had planted 5,000 bamboo trees on his farm, which were in a semi-dry state for sale. He alleged that on March 22, 2018, the trees caught fire due to friction and sparking between two wires of the MSEDCL's high-tension transmission line passing over his field and were completely burnt. The farmer brought the matter to the notice of the tehsildar and the local police station and informed the electricity company. A panchnama (spot inspection report) was conducted, and the power company repaired the line. The forest department assessed the damage at Rs 10.27 lakh, and the assessment was given to the MSEDCL's executive engineer. However, the farmer was only paid Rs 4.2 lakh as compensation, following which he moved the consumer commission. The complainant asserted that the damage was due to the negligence of the opposite parties and improper maintenance of the power lines and demanded compensation as assessed by the forest department. He also sought Rs 2 lakh for physical and mental distress and Rs 50,000 for complaint expenses. The MSEDCL officials, in their written statement, denied the complainant's entire claim and sought dismissal of the complaint, stating that if the complainant was not satisfied with the compensation, he should have sought redressal under the Electricity Act. The commission held that MSEDCL was negligent in maintaining the power lines, which constituted a deficiency in service. It accepted the forest department's detailed and factual report of Rs 10.27 lakh as the true extent of the damage and directed the opposing parties to pay the amount as compensation with 9 per cent annual interest from the date the report was filed (May 23, 2018) until the actual payment. The MSEDCL staffers have also been asked to pay Rs 40,000 for mental and physical distress and Rs 10,000 for the expenses incurred by the farmer. The commission has directed that the payment be made within 45 days from the order date (May 15).
