Vikas Srivastava

Articles By Vikas Srivastava

194 Articles

PFC, REC disburse Rs 23,500 crore to state discoms under liquidity infusion scheme

Uttar Pradesh had sought a loan of about Rs 21,185 crore, Karnataka and Telangana about Rs 7,000 crore each and Rajasthan about Rs 4,000 crore.

Uttar Pradesh had sought a loan of about Rs 21,185 crore, Karnataka and Telangana about Rs 7,000 crore each and Rajasthan about Rs 4,000 crore.

PSUs to set up 10GW polysilicon manufacturing capacity to cut solar dependence on China

A senior official from the ministry of new and renewable energy (MNRE) told FE that the Chinese manufacturers have increased the price of wafers that goes into the manufacturing of cells after India increased the production o

BIS norm: Delay in panel supplies from China seen to hit 500 MW solar rooftop projects

The price increase has been in the range of 15%-20% depending on the monocrystalline cells technology used by the developers.

It is learnt that the Ministry of Power has given BIS certification to few Chinese panels last week, however the uncertainty still prevails among the Chinese manufacturers.

Indian Oil to launch cost-effective aluminium-air batteries for EVs

SSV Ramakumar, Director (R&D) at IOC told Financial Express that the company has initiated discussions with the original equipment manufacturers (OEMs) in the Indian automotive sector.

Electric vehicle charging stations delhi ev policy

Lockdown effect: Industries adopt captive solar power to cut costs

Many companies have virtually managed to reduce their electricity cost to as low as the fixed cost, and see the payback on their investments in three-four years, these sources claim.

US-based First Solar mulls setting up manufacturing plant in India

The plan comes close on the heels of the Indian government’s focus on Aatmanirbhar Bharat and declared intent to reduce dependence on Chinese power equipment, sources said.

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Private passenger trains: Why a rail regulator is needed to ensure level playing field

With the govt readying to launch private trains on the railway network, demand is growing for a regulator that can streamline operations and ensure parity between different operators.

Tata Power CEO: Target of doubling revenue and tripling profits by 2025 is possible

Now that we have taken a stand that there will be no addition of thermal power capacity, we will examine transmission projects under the Resurgent Power platform.

Our estimates are very conservative since we have been preparing for it for the last 12-18 months, and many of these things have already been incubated.

Exports are key to long-term demand creation: R Ramachandran, director of refineries, BPCL

"Going forward, we will be looking for opportunities to export for higher value creation as and when the market is attractive. On the longer term, we are actively looking at exports as an alternative opportunity for demand cr

Real-time market volume rises 52% month-on-month in July on Indian Energy Exchange

“The shift has already started and we expect at least 50-60% of intraday customers will ultimately shift to the RTM platform,” Bajaj said.

JSW Energy has put on hold all discretionary capex: Prashant Jain, joint MD & CEO

Privatisation of discoms and opening up of commercial coal mining are welcome steps. We will evaluate these opportunities to decide if it fits in our overall risk-return framework.

GAIL in talks with US, Russian LNG suppliers to sweeten long-term contracts

The company is also taking up the matter with suppliers to reschedule, as well as postpone some of the cargoes to reduce their losses.

India has long-term LNG supply contracts with countries like Qatar, Australia, and Russia.

Solar industry awaits finance ministry decision on safeguard duty or Basic Customs Duty

Solar manufacturers, however, believe that the two together —safeguard duty and BCD — may get introduced from August 1, though the rate of BCD could be much lower than the 20% proposed initially.

NIIF, I Squared Capital, Edelweiss keen to take part in railway privatisation process

“These players were present during the stakeholders meet while the model concession agreement was drafted and have shown their willingness to participate in the privatisation process,” sources said.

On July 2, the ministry of railways invited a RFQ for private participation in operation of passenger train services over 109 pair of routes through introduction of 151 modern trains or rakes

Atmanirbhar Bharat: Govt focuses on local manufacturing of solar equipments; firms plan to scale up capacities

Indian manufacturers Vikram Solar and Waaree Energies, which have 2GW solar manufacturing capacities each, told FE that they could easily ramp up their individual capacities to 5-6 GW

The government is planning to introduce a basic customs duty — starting 20% or thereabouts and designed to increase further to 30-35% — from August this year to safeguard the domestic manufacturers’ interests.

INTERVIEW| Cement demand still tepid, rural housing offers hope: Ujjwal Batria, COO at Dalmia Cement Bharat

The cement demand in May was lower by 30% in south India and 10% in east and northeast, on a y-o-y basis, Ujjwal Batria, chief operating officer at Dalmia Cement Bharat told Vikas Srivastava.

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Gas-based power plants seek to bid under renewable bundling scheme

According to industry sources, about Rs 50,000 crore of investments in gas-based power projects are in the doldrums due to the policy lacuna.

Awareness of protection products is getting tailwind: Prashant Tripathy, MD & CEO, Max Life Insurance

Consumers are banking on life insurers for assurance in times of uncertainty, and we will, therefore, be rolling out solutions and specific product offerings around protection to cater to changing needs during such tough time

InvITs can be platform to channelise foreign capital: Harsh Shah, CEO, IndiGrid

Infrastructure investment trusts (InvITs) preside over Rs 70,000-crore of assets under management (AUM) across sectors such as real estate, gas transmission, telecom and power.

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Gas exchange to help price discovery, domestic consumption to rise fast: Rajiv Srivastava, CEO, Indian Energy Exchange

But, it can be booked on behalf of buyers and sellers without really the need to own them at present since we have an excess capacity.

Rajiv Srivastava, MD and CEO, Indian Energy Exchange

Proposed 20% basic customs duty on solar cells to hit units in SEZs

The government is planning to replace safeguard duty introduced in July 2018 to protect domestic manufacturers with a basic customs duty which will rise to 20% in a phased manner over the next 2-3 years.

Unlike BCD, under safeguard duty, the SEZ manufacturers were treated on par with DTA manufacturers.

Fuel sales may reach normal level by July: N Vijayagopal, director-finance, BPCL

N Vijayagopal, director-finance at BPCL, said that the company expects sales to reach normal levels by July, with the progressive easing of the lockdown.

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Labour shortage hits JNPT throughput

Most of labourers including truck drivers contracted with JNPT and other labours with export houses have left for their hometowns impacting the operations both at the factories and at the port.

Privatisation of discoms an opportunity, says JSW Energy CEO

The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.

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Why India’s largest renewable energy producer wants to sell its assets in Karnataka

The company is likely to raise Rs 1,500 crore through the sale at a valuation of Rs 5 crore per megawatt, the people said.

ReNew has a total of 4.9-GW operational wind and solar assets across eight states.

Falling crude: State-run OMCs may report Q4 inventory loss of Rs 33,000 crore

As retail prices of petroleum products are mapped with international rates, the steep fall of global crude prices in Q4FY20 meant that by the time refiners sold their products after processing crude, retail rates had fallen.

Interview | Project executions to see major productivity shift with automation, says Vimal Kejriwal, MD, KEC International

With government mandating only 25% to 50% employee attendance due to social distancing, companies will have to find alternative ways of increasing productivity.

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