Vikas Srivastava

Articles By Vikas Srivastava

132 Articles

How India will be impacted by attack on Saudi crude oil processing facilities

The petroleum ministry said oil refiners have been informed of sustained crude supplies by Saudi Arabia but added that it was closely monitoring the situation.

Saudi Arabia, Saudi Arabia oil crisis, India, crude production, oil processing, Impact on india News

Indian Oil plans to procure biogas, sell it at retail outlet

The gas procured will be sold through fuel retail outlets or separate CBG stations at the retail outlets not only to the domestic customers but also to the industrial customers.

Indian Oil, biogas, IOC retail outlets,  PSU oil marketing companies, gail, fossil fuel, aluminum batteries  News

West Coast refinery project with Aramco on track: IOC

The deadline for commissioning of the $60-billion mega refinery has already been extended by three years to 2025 from 2022 due to land acquisition hurdles.

West Coast refinery project, Aramco, Abu Dhabi National Oil Company, IOC, BPCL, Ratnagiri district News

HPCL expects margins to rise from Vizag, Mumbai refinery upgrade

HPCL achieved the financial closure for this project through a consortium of lenders led by SBI in January this year and has started the construction work of filling, piling and building the 27-km long boundary wall.

HPCL, Vizag, Mumbai, HPCL refinery, HPCL refinery upgrade, HPCL share, HPCL mittal energy ltd, HPCL news, industry news

Shriram Transport Finance raises $85 million

The fund was raised through joint placement to prominent international and domestic investors, including Development Finance Institution (DFI), who acted as an anchor investor.

Shriram Transport Finance, construction equipment, commercial vehicles, Ekam Advisors LLP, STFC News

Cleantech Solar to raise $200 million via ECBs

The Singapore-headquartered firm will utilise the fund to expand its capacity to 500 MW in the next couple of years from the existing 200 MW. Cleantech’s around three-fourth of the existing capacity is based in India and th

Cleantech Solar, ECB, industry news, solar, solar energy, solar sector, Solar Energy Corporation of India, News

Rooftop solar players shut shop as going gets tough

More than 12 EPC players in the rooftop solar segment have either closed or are on the verge of closing their rooftop solar divisions due to tough financial conditions.

Indian EPC, rooftop solar player, solar energy,  financial woes, Ujjas Energy, Kotak Urja, Relyon Solar, Harsha Abacus, Kirloskar Solar, 8 Minute, industry news

Govt invites technical bids for 4,000 MW Deoghar UMPP

The UMPP policy was launched in 2005-06 by the government to provide power at a competitive cost to consumers by achieving economies of scale.

reliance power, power sector News

Essel Infra to monetise waste-to-energy business — details here

Subhash Chandra's Essel Infraprojects is evaluating monetisation of its waste-to-energy business as part of its deleveraging exercise, people close to the development told FE.

Industry News

H-Energy seeks additional 1 MTPA LNG as Jaigarh terminal set to start by year-end

The company that plans to take its capacity to 8 MTPA after the second phase expansion at Jaigarh, believes, gas demand has been very stable in the last six months, and going ahead expects the demand to grow from the industri

Commodities News

Price of bunker fuel set to go up globally from January 2020 – here’s why

As more and more shipping companies will substitute for low sulphur fuel oil, the price of bunker fuel is bound to go up globally from January 1, 2020, which would give higher margins to oil refiners.

The price of bunker fuel is bound to go up globally from January 1, 2020, which would give higher margins to oil refiners News

Right time for our solar business to get listed: Khurshed Daruvala, Chairman, Sterling & Wilson | Interview

Khurshed Daruvala, chairman of S&W, told Vikas Srivastava in an interview that although the company did not focus on timing the market, the general election results had worked in its favour. Edited excerpts:

Sterling & Wilson Solar, Shapoorji Pallonji Group companies, Khurshed Daruvala, IPO, solar business, discoms News

GAIL may partner with strategic investors for city gas distribution business

The sector has begun attracting interest from financial investors.

gail, oil sector, oil industry, economy, gas distribution News

ReNew Power to raise $350 million in bonds

The company has expanded considerably over the last two years both by way of own developments and acquisitions leading to huge amount of debt.

renew power, bonds, markets News

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