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Moody's Investors Service and its Indian affiliate, ICRA predicts stable outlook for the power sector over the next 12-18 months reflecting sustained improvement in domestic coal availability, as well as the Indian government's policy initiatives, which is likely to lead to improvements in financial positions of state-owned electricity distribution companies in the next two to three years.

Tata Power's wholly owned subsidiary Welspun Renewables Energy Private Ltd (WREPL) has raised Rs.1,200 crore through issuance of non-convertible debentures of face value of Rs.10 lakh each, aggregating to Rs.1,200 crore on a private placement basis, the company has said in a BSE filing.

Greenko Energy is set to acquire an Indian hydro power unit from Abu Dhabi's TAQA for Rs.650 crore. Abu Dhabi National Energy Company, popularly known as TAQA ('energy' in Arabic), operates the near-complete 100 MW Sorang project in Himachal Pradesh. TAQA had taken over the Sorang plant from a consortium of NCCIL& FS.

Suzlon Energy has divested 49 per cent stake in around 210 MW of solar power projects while sale of stake in another 130 MW of projects is in the works, with aim to be completed before March 2017, Kirti Vagadia, CFO, Suzlon Group has said.

Government has lowered the estimated borrowing target of IREDA by a massive 34 per cent to Rs.8,043.31 crore in Budget 2017. The revised budgetary borrowing for FY2016-17 stood at Rs.12,212.60 crore.

Rural Electrification Corporation Limited (REC), declared its financial results for the quarter and nine months ended 31 December 2016. Total income of the company for the nine months ended 31 December 2016 has increased to Rs.18,117 crore, as against corresponding nine months ended 31 December 2015 of Rs.17,672 crore.

Gamesa India, has inaugurated its greenfield integrated manufacturing facility at Nellore, Andhra Pradesh. The company invested around Rs.300 crore in the facility. The plant was inaugurated by Chief Minister of Andhra Pradesh N Chandrababu Naidu.

Power Grid Corporation of India Limited (POWERGRID), has posted a net profit of 1,930 crore for the third quarter of FY 2016-17 (Oct-Dec, 2016), an increase of 20% against 1,606 crore reported during the corresponding quarter ended December 31, 2015.

The global Internet of Things (IoT) market is expected to reach $724.2 billion by 2023 and is expected to register a CAGR of 13.2 per cent over the forecast period i.e. 2016-2023.