Vikas Srivastava

Adani Transmission ties up Rs 13,250 crore of funds to buy Reliance Infrastructure assets

Gautam Adani-led Adani Transmission has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai.

People close to the development told FE that the financial closure for Rs 13,250 crore was achieved through a consortium of banks led by State Bank of India (SBI). News

We are at the top globally, our ambition is to become no.1 in India, says Mansi Tripathi of Shell India Markets

Despite the competition from price-sensitive regional players and dominant PSUs, Shell India has grown at a CAGR of 20% in the last 5 years, and with aggressive expansion plans the momentum will continue in the coming years,

PSU, Shell India, CAGR, Shell India Markets, OEM News

Fuel retail: RIL, Essar ramp up presence

The low share of private firms in retailing is despite their substantial share in the country’s refining capacity and production (RIL and Essar together have close to 45% of the refinery throughput right now).

fuel, india, essar, RIL News

KEC eyes West Asia solar EPC projects as India orders dry up

KEC International, a major EPC player in the power sector, is planning to shift the focus of its solar power division to projects tendered in West Asia as prospects for solar projects dry up in India.

KEC International, EPC, EPC project, west asia, west asia, india News

World leader shows interest in India’s first ISTS Solar Projects

First Solar India, the Indian subsidiary of world’s largest solar panel manufacturer First Solar, plans to participate in India’s first inter-state transmission system (ISTS) bids for projects being invited by Solar Energ

ISTS solar projects, solar energy, solar sector, ntpc News

Coal shortage may impact power generation even as demand rises

According to the data, there are 11 plants with critical stocks of less than seven days, while 14 plants have a super-critical stock of less than 4 days.

coal shortage, power generation, power plant News

Essel Infra in talks to sell 3 solar projects

Essel Infraprojects, part of Subhash Chandra-led Essel Group, is in talks with various renewable energy players to sell three of its six solar projects with an aggregate capacity of about 215 mw, even as the company plans to

solara industry, solar power plant, solar sector News

Waaree to set up 1,000 centres for solar solutions

In a first-of-its-kind initiative to support the government’s efforts in achieving its ambitious solar power generation target of 100 gigawatt (GW) by 2022, Waaree Energies plans to open around 1,000 solar experience centre

Waaree Energies, solar power generation, solar power, solar solutions News

Gas-based power plants: Future of Rs 60000 cr gas projects in jeopardy

In the nine years since natural gas was first discovered in the KG-D6 basin, the talk of priority allocation of natural gas for the power sector and 40% of India’s gas requirements being met from a single field has proven t

natural gas, power sector, gas requirement, petrochemicals, refining News

‘Companies must adopt Industry 4.0’

Even as the government aims to increase the manufacturing sector’s contribution to 25% of GDP by 2025 from the existing 17%, the progress in the last two years has belied expectations.

US, aluminium tariff, steel tariff, donald trump, Indian aluminium industry, News

Mahanagar Gas plans mobile CNG services in Mumbai

Mahanagar Gas is planning to start mobile dispensing of CNG in Mumbai this year, especially in regions with last-mile connectivity issues and problems of land acquisition.

Mahanagar Gas, Mumbai, Rajeev Mathur, CNG stations,  pipeline connectivity, news on Mahanagar Gas News

Petronet plans 20 LNG stations for buses from state roadways

Petronet LNG has planned to launch around 20 LNG fuel stations on a 4,000-km route running from Delhi to Thiruvananthapuram as part of its larger scheme in association with oil marketing companies and state roadways of Rajast

Petronet LNG, Prabhat Singh, Gujarat, LNG vehicles, Paris Convention, india, Delhi, Thiruvananthapuram News

Private players expect commercial coal mining to offer operational flexibility

The much awaited Cabinet nod for auctioning of coal mines for commercial use by private players will provide operational flexibility to coal consumers — predominantly power, metals and cement producers — who have been mos

coal mining, commercial coal mining, public sector,  Goliath Coal India, CLP India, Supreme Court of India, coal mines, Anil Agarwal, Vedanta Group News

DMICDC to award Rs 10k-cr logistic hubs in UP & Haryana by June

The Delhi Mumbai Industrial Corridor and Development Corporation (DMICDC), after successfully awarding more than Rs 15,000-crore packages in the first phase of construction in Maharashtra, Gujarat and Greater Noida, is in an

DMICDC, Uttar Pradesh, Haryana, Greater Noida, Shendra Bidkin, Maharashtra, Dholera News

IL&FS Energy looks to buy 150 MW solar assets

IL&FS Energy Development Company, involved in setting up of solar parks in public private partnership (PPP) with state governments, is looking at acquiring close to 150 MW of solar assets, and it has initially zeroed in on 9

IL&FS Energy , solar assets, solar energy News

Wind Turbines: Over 3,000 MW capacity rots for want of servicing

The decade-long fight between Enercon GmBH and its Indian arm, Wind World India, is proving to be a serious issue for the wind energy sector, as turbines with over 3,000 MW capacity have become near non-functional for want of

Enercon, Wind turbines, Indian arm, Wind World India News

Tolling policy: GMR restarts Chhattisgarh power plant

In what could pave the way for other stressed power plants, GMR Chhattisgarh Energy, a subsidiary of GMR Infrastructure, has restarted operations at its thermal power plant in the state to supply 500 MW of power to Gujarat U

GMR Chattisgarh Energy, GMR infrastructure, Gujarat Urja Vikas Nigam, Gujarat Electricity Regulatory Commission News

ReNew Power is key contender for Iron Triangle’s solar assets

Inorganic moves in the renewable segment are picking up pace, with the latest target being Iron Triangle (earlier Backbone Enterprises), which has a 20 megawatt (MW) solar power capacity in Gujarat.

ReNew Power, Iron Triangle, Iron Triangle solar assets, JERA, japan, Suzlon Energy, Gujarat government policy, Bhupendra Kumar Panchani, rajkot, Goldman Sachs News

UP to invite bids for 100 MW solar power projects in March

Encouraged by the successful implementation of solar projects in states like Karnataka and Gujarat, the Uttar Pradesh government led by chief minister Yogi Adityanath is planning to invite bids for 100 MW of solar power proje

solar power projects in up, solar power projects in uttar pradesh, yogi adityanath News

How renewables faced impediments in 2017 and why they are set for more energetic 2018

The renewable energy push from the Narendra Modi government met with potent obstacles in 2017, as capacity additions failed to keep pace with the set targets.

renewable energy, solar energy, pm narendrs modi, centre, modi government News

Renewable power producer Continum Wind is back in the market for a buyout

The benchmark cost for setting up wind units is estimated at Rs 4 crore per MW. At this rate, the replacement cost for a 1,850 MW capacity would be Rs 7,400 crore, and it is likely that the assets of Continuum Wind would fetc

Renewable power,Continum Wind, Arvind Bansal, Morgan Stanley Infrastructure Partners, infrastructure, Continuum  News

Essar Shipping is planning to achieve this big capacity by 2020

This small shift will marginally reduce dependence on business from Essar Steel, its captive customer, which accounts for the bulk of its business.

Essar Shipping, Essar Group, capacity by 2020, cargo, moving cargo, Qatar  News

Bids for Rs 4,500-cr STP projects in January

The near Rs 3-trillion opportunity in sewage treatment plants (STPs) in India is set to get a big boost.

stp projects, Mumbai Sewage Disposal Project-II, MSDP-II, Brihan Mumbai Corporation News

Mumbai to generate money from waste, set to revive project; bidding in January

Deonar, is being reconfigured to allow players to bid for modules of 750 tonne each, instead of offering a single project for the entire waste.

Mumbai, waste management News

Low tariff shadow looms over solar power sector

Rock bottom solar power tariffs might spell good news for consumers and the environment alike, but for developers, it is now a matter of survival.

solar power, solar sector,  renewable energy, solar energy, conservation of energy News

Oil and gas companies may take Rs 15,000 crore hit

Oil and gas companies are expected to take a Rs 15,000-crore hit in 2017-18, as they are unable to fully offset the taxes paid on input goods and services, analysts said.

oil, gas companies, gst, VAT, ITC, PetroFed, upstream sector, PSU oil marketing companies, Arab Gulf crude, Deloitte India, Bhopal, gst regime News

‘Have already invested above Rs 7,000 cr in renewable energy’

Gradual uptick in the GDP and increased economic activities, backed by various government schemes such as Saubhagya and Udaya, are bound to increase the base demand of power in coming quarters, Ashwani Kumar, CEO, IL&FS Energ

renewable energy, gdp, Saubhagya, Udaya, Solar parks, SECI, Ashwani Kumar, Thermal power projects, DBFOT model, india News
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