Vikas Srivastava

Adani Green to raise 500 million dollar in green bonds

Majority of the company’s existing debt belong to PSEPL at $212 million and AGEUPL at $100 million.

Markets News

Renewable energy: Target likely to be missed by 55 GW

Notwithstanding Centre’s efforts to maximise output of green energy, several issues are serving as a drag on its prospects

Renewable energy, renewable energy PLAN, Global Energy, RE capacity , GST, BIS standards News

NHAI to foreclose or terminate 5-7 stuck road projects of IL&FS

The NHAI has directed its officials to arrive at valuation of the work done by IL&FS for the termination payment.

khed sinnar expressway, barwa adda panagarh road project, barwa-adda-panagarh section of nh-2, pune solapur road project, patna gaya dobhi highway project, Jorabat-Shillong project, jorabat shillong expressway, chenani-nashri tunnel, balasore kharagpur project, National Highways Infrastructure Development Corporation, NHIDCL, Z Mor Tunnel Project, Jammu & Kashmir, il&fs news, il&fs transportation, il&fs crisis, il&fs nhai News

Piramal Group in talks with PTC India to buy 290-mw wind assets

Piramal Group is planning to acquire the entire wind portfolio of PTC India across Madhya Pradesh, Karnataka and Andhra Pradesh, which is likely to cost the company around Rs 2,200 crore, the sources said.

Industry News

Essel Group in talks with Adani, CPPIB, Engie for sale of solar assets

In the past Tata Power, Greenko Energy and ReNew Power also had discussions with Essel on the latter’s solar assets.

Industry News

Lenders may take NCLT route for RattanIndia’s Amravati plant

Bankers close to the development told FE that they may look at the option of taking the company to the National Company Law Tribunal (NCLT) once the new RBI circular on stressed assets is framed.

NCLT, RattanIndia Amravati plant, Aditya Birla, Davidson Kempner, RBI circular, Reserve Bank of India, Bank of Baroda News

ArcelorMittal to submit bid for Essar’s 1,200 MW Mahan project by April 22

ArcelorMittal, which surpassed the one-time settlement offer of Essar promoters for 2x600 MW Mahan thermal power project in Madhya Pradesh, will submit its bid by April 22. The bid will then be opened for Essar to match the o

ArcelorMittal to submit bid for Essar’s 1,200 MW Mahan project by April 22 News

Before EV rollout in India, waiting for some clarity on FAME-2: Country CEO and MD, Renault India | Interview

Renault India plans to bring the EV technology to India, double its volumes by 2022 and introduce new game-changing variants for early turnaround of the company.

Venkatram Mamillapalle, country CEO & MD of Renault India News

Kumbh Mela 2019: How L&T played a key role in the success of mega event

Cutting-edge technologies provided by L&T played a key role in the success of the mega event.

Industry News

Panasonic Life Solutions to focus in big way towards B2B and B2G segments, says managing director | Interview

The company plans to increase the revenue contribution from the two segments to 25% in the next three years from 8% at present.

Industry News

GAIL submits financial bids for renewable energy assets of IL&FS

While around 24 firms had put in expressions of interest (EoIs), only half of them undertook due diligence for submitting financial bids. “This will be the first vertical among many of IL&FS that will come up for resolution

Industry News

India solar panel prices continue to fall on 25% y-o-y dip in global rates

Kunal Chandra, managing director of Proinso India, the Indian arm of the UK-based solar solutions provider, said going ahead, some of the important events that will drive demand in the solar market would be a procurement driv

India solar panel prices, China, Malaysia, Proinso India,  solar sector News

SHAKTI Scheme: Most power units barred from bidding for coal

The second round of coal auction under the Shakti-B scheme may see far fewer bidders than the first one held in 2017 because of an exclusion criterion. Analysts see power utilities with combined capacity of 407 MW could place

coal, coal sector, coal industry, nclt News

Maharashtra Metro Rail focusing on generating 50% revenues through non-fare services, says managing director

The Metro train would comprise three coaches against four coaches elsewhere. The total project cost for the Nagpur Metro is Rs 8,680 crore.

Infrastructure News

De-stress India’s thermal projects would need supply of 125 million tonne of coal, a challenge in today’s scenario

Revival of 45,000-MW capacity would necessitate supply of 125 mn tonne of coal, a challenge in today’s scenario

thermal power plant, stressed thermal power plant, stressed thermal power plant news, revival of stressed thermal power plant News

ArcelorMittal offers Rs 4,800 crore for Essar’s Mahan power project in MP

ArcelorMittal has offered lenders Rs 4,800 crore for Essar’s 2x600 MW Mahan thermal power project in Madhya Pradesh, surpassing the Essar promoters' one-time settlement offer of Rs 3,500 crore

essar power, icici bank, arcelormittal News

Lenders may re-invite bids for Avantha’s Jhabua Power

The participation of Avantha Group will however depend on the bankers’ valuation of the plant, and at an estimated cost of Rs 3-3.5 crore/MW, it could be valued at Rs 2,100 crore, a source said.

Jhabua Power, avantha Jhabua Power , News

BPCL to import 1 m barrels of Iran crude in February and March

The company believes Iranian oil is the best oil to source at present given the freight, insurance and delivery benefits they provide.

Commodities News

Green light: India to near clean energy goals in 2019

Renewable energy share in total generation mix to cross 10% in FY20, to add 10 GW to generation capacity.

Industry News

IL&FS power plant in Tamil Nadu can’t be valued at Rs 8.7 crore/MW, says NLC

NLC’s chairman and managing director Rakesh Kumar told FE that unlike its UP unit, which has power purchase agreements with UP discoms and will run on domestic coal, there is uncertainty over the Cuddalore unit’s PPAs.

Industry News

We’ve decided time not ripe to enter manufacturing, says COO of JSW Energy

The reduction of annual solar capacity target by China to 30 GW from 55 GW, against the manufacturing target of 115 GW, has created surplus of almost 80 GW in China which they started dumping in countries like India.

Industry News

Wind energy: Capacity addition likely to rebound after a lean FY18

While wind capacity is expected to rise by 42% this year, a switch to competitive bidding and low tariffs remain challenges for the sector

Industry News

Compensatory tariffs: Tata Power’s Mundra under-recovery to nearly halve

The under-recoveries at the plant are, however, expected to come down to Rs 0.35/kWh, reducing the annual losses at Mundra by nearly half.

Industry News

Eclipsing growth: Rupee, safeguard duty negate benefits of drop in panel prices for solar developers

The falling rupee and the imposition of safeguard duty have increased the cost of solar panels for Indian developers by 20-25% since June this year, negating the benefits of a 30% fall in panel prices during the period.

Economy News

Tapping sunshine: Tata Power aims to grow solar rooftop business four-times in four years

Commercial and industrial building owners have shown more enthusiasm as their large power bills justify the expense of solar power systems, even though they get no subsidy.

Industry News

Reliance Power’s market cap falls by 93.3% since IPO

Since January, the stock has lost some 50% in value. Other power stocks such as Tata Power has lost 29%, Adani Power 23.56% and JSW Energy 30.31%.

Markets News

Why crude oil prices are unlikely to hit $100 per barrel. Top BPCL executive explains

With crude touching $83.30 per bbl and other factors such as supply side squeeze, forecasting will continue in the near term.

Markets News
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