Vikas Srivastava

Articles By Vikas Srivastava

132 Articles

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

Nod for Maha discom’s Rs 20,651-cr revenue gap for FY16-FY20

Maharashtra Electricity Regulatory Commission (MERC) has approved a Rs 20,651-crore net revenue gap for MSEDCL.

Industry News

Ad Valorem Taxes: Skyrocketing fuel prices add crores to states’ revenue

With VAT levied on ad valorem basis, states’ tax revenue from the two fuels rise in tandem with the increase in their prices.

petrol, diesel, prices, hike, crude, rupee, पेट्रोल, डीजल, ेट्रोल और डीजल की कीमतों में तेजी News

50% cost reduction eyed: BPCL, HPCL, IOC plan to share pipeline infra to reduce cost

The three oil companies have prepared a white paper after an industry-wide consultation which allows them to go ahead with sharing of infrastructure wherever it makes a commercial sense.

Industry News

SECI may cut 2.5 GW hybrid project capacity to 1,200 MW

The Solar Energy Corporation of India is likely to revise downwards its 2,500 MW wind-solar hybrid project tendered in June to 1,200 MW, as evacuation-related challenges continue to affect the sector.

solar, solar energy News

We see growth in conventional vehicles for next 10 years, says MD of Castrol India

Castrol India, manufacturer of lubricants, sees a volatile second quarter (July-September) as base oil prices and additives, which are used for manufacturing lubricants, are on a rising trend due to rising crude oil prices a

We see growth in conventional vehicles for next 10 years, says MD of Castrol India

NTPC may issue 2.5 mt coal import tender by mid-September

NTPC is planning to issue a tender for import of 2.5 million tonne of coal by mid-September to cater to the growing power demand in the country. The PSU last imported coal three years ago.

Industry News

Solar industry fears dark days ahead: Imposition of duty on import of cells threatens projects, say developers

The notification includes solar cells and modules made in SEZs and cleared to domestic tariff area (DTA). Significantly, 40% of module and 60% of cell manufacturing units are located in SEZs.

solar, solar industry News

Maharashtra discom’s dues to wind energy firms rise to Rs 2,000 crore

Maharashtra State Electricity Distribution Company’s (MSEDCL’s) dues to wind energy firms have risen to Rs 2,000 crore on account of poor recovery from customers even as its distribution losses got reduced to 13% in FY18,

Economy News

Solar tariff falls again to all-time low of Rs 2.44/unit

Solar tariffs once again matched the record-low rate of Rs 2.44/unit in the latest auction for 3,000 MW capacity.

Economy News

Costly land pushes solar tariff to Rs 3.48/unit for 1 GW auction in UP

Solar tariffs jumped to Rs 3.48 per unit at the latest auctions for 1,000 MW, conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), on account of higher land costs and lower irradiance in the re

Solar tariffs, Uttar Pradesh, UPNEDA, Adani Group firm, MMEPL, ACME Solar Holdings  News

Maharashtra may auction 2,000 MW solar capacity by August 15

The state's 1,000 MW solar auction in May initially faced troubles, but was eventually completed.

Industry News

Uttar Pradesh plans reverse auction for over 1,000 MW solar project by July end

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) plans to conduct reverse auction for its first large solar project of over 1,000 MW capacity by July end.

Industry News

600 MW K’taka solar projects stuck over new wheeling, transmission charges

A total of 600 MW solar power projects, set up with investment of Rs 2,500 crore under the open access scheme, in Karnataka.

Industry News