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Vikas Srivastava

Articles By Vikas Srivastava

212 Articles

Global scenario in steel sector indicates slump has bottomed out: JSW Steel Joint MD & Group CFO Seshagiri Rao

For contractors who were awarded contracts in September 2019, disbursement was very inadequate initially, says Seshagiri Rao.

steel sector, steel industry

Budget wasn’t the demand driver we had expected it to be: Tata Steel CFO and executive director Koushik Chatterjee

For steel companies, the December quarter was the worst of the last few, says Koushik Chatterjee.

Power, fuel bill of cement companies to fall 13% as coal prices decline

The majority of Indian cement companies including Ultratech Cement, ACC, Ambuja Cement, Sree Cement and Prism Cement source around 70% of their coal requirement from abroad, while close to 30% is met from domestic coal.

Power, cement companies, Ultratech Cement, ACC, Ambuja Cement, Sree Cement, Elara Capital

Interview | Rural India has felt more of a squeeze from the slowdown, says Adi Godrej, chairman, Godrej Group

While the discretionary spend in rural areas has not risen as per expectations, FY21 is likely to deliver better numbers than the ongoing fiscal, says Adi Godrej, chairman of the Godrej Group, in an interview to Vikas Srivast

Rural India, Adi Godrej, Godrej Group, GDP growth, US trade deal, FMCG products, GCPL, Walmart, reliance

BS6 transition likely to be a smoother ride than BS4, here’s why!

In order to avoid a repeat of past mistakes, companies including Tata Motors, Mahindra & Mahindra and Maruti Suzuki had announced production cuts in conformance with reduced consumer demand.

Domestic cars sales falls by 8 percent in January 2020 SIAM gives reason

Budget 2020: Expansion of gas grid – Experts say unified tariff to help

Budget 2020-21: CNG and PNG are out of the GST net, it is still unviable for industrial consumers who use fuel oil as a major resource.

NHAI plans fifth TOT auction in Feb to raise Rs 3,000 crore

The fifth package would consist of three to four road projects valued at around Rs 3,000 crore and will be followed up with small packages of two to three road projects after every two to three months, the source added.

CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end

CLP’s India portfolio includes renewable and conventional energy, amounting to over 3,000 mw. CLP India’s 16 wind energy and three solar energy projects span seven states.

Adani, Azure, solar power, solar tender, solar plant

National Investment and Infrastructure Fund in advance talks to buy two road assets of Essel Group

The build, operate and transfer (BOT) projects are valued between Rs 2,000 crore and Rs 2,500 crore, and the deal is expected to be completed before February, sources said.

National Investment and Infrastructure Fund, BOT projects, Karnataka, Telangana, Essel Devanhalli Tollway, Essel Dichpally Tollway

Higher crude prices likely to impact OMCs’ refining, marketing margins 

Crude prices have risen by $3 per barrel since the US airstrikes on Friday. On Monday, Brent crude touched $70.74/barrel. Industry experts said since touching a low of $56/bbl in August 2019, crude has risen by 25% to $70/bbl

India needs to expand manufacturing, service industry: Panasonic Joint MD

In other businesses — lighting, wires and cables and fans, our growth essentially will come as we climb up the market share. So, even if the market is stagnant, we will grow our business for two reasons. First, we have stre

Dinesh Aggarwal, joint managing director, Panasonic Life, Panasonic Life Solutions India, industry news, growth target, manufacturing industry, service industry

Renewable sector to create peak capacities in CY20

In calendar year 2020, the renewable sector is expected to add 15 GW of new capacities that will include 11 GW of utility-scale solar installations, and 4 GW of wind capacity additions, said experts.

solar energy, solar energy policy, international energy agency, IEA, india report 2020, world energy outlook, solar energy, renewable energy

Rajasthan revises developer contribution in solar policy

In case of solar power projects developed in Rajasthan for sale of power to parties other than discoms of Rajasthan, developers will have to contribute towards the fund.

solar energy, solar energy policy, international energy agency, IEA, india report 2020, world energy outlook, solar energy, renewable energy

BPCL producing BS-VI fuel from November first week; ready for April delivery

In 2016, the Union government mandated compulsory usage of BS-VI vehicles from April 1, 2020, skipping the BS-V regime in between to curtail the growing pollution hazard from commercial and passenger vehicles.

bpcl, bharat petrolium

PM Modi’s solar pumps scheme for farmers triggers job losses among EPC contractors

Around 800 system integrators who have installed more than 2 lakh solar pumps till now across the country have been left high and dry

The scheme has a target to install 17.50 lakh solar pumps in Indian farms by 2022. (Representational image)

Greener plans: Tata Cleantech plans infrastructure debt, AIFs

Tata Cleantech has already raised $170 million in 2019 and expects another $110 million to come through three deals after diversifying its source of funding to global private investors when domestic non-banking financial comp

Greener plan, Tata Cleantech, Tata Cleantech plan, infrastructure, infrastructure debt, AIF, industry news, renewable energy

BPCL plans term contracts to export diesel as domestic growth turns negative

N Vijayagopal, director finance of BPCL, said that the company is looking at signing long term-contracts to export diesel in foreign markets.

BPCL, BSVI, domestic diesel market, gross refining margins, diesel  export

PFC may be asked to lend afresh to stressed discoms

State-run electricity distribution companies reported a near doubling of their financial losses in FY19 to Rs 28,369 crore in a dramatic reversal of the trend of decline in losses in FY17 and FY18 on the back of the UDAY sche

Sources said as part of extending ‘special funds’, PFC may give fresh loans to the Tamil Nadu Generation and Distribution Company (TANGEDCO) to help the discom pay off part of its dues. TANGEDCO’s dues to gencos stand at Rs 9,800 crore

Companies set up plants to tap $1-billion business in recycling Li-ion batteries

JMK Research, a Delhi-based power consultancy and advisory firm, estimates the recycling market in India to pick up from 2022 when lithium-ion batteries, presently in use, would reach their end of life

The cumulative recycling battery market in India is estimated to increase from 0.4 GWh in 2020 to more than 80 GWh by 2030.

PFC expects EOI for KSK Mahanadi project in a month’s time

At present, the project supplies power to distribution utilities in Andhra Pradesh, Tamil Nadu, Chhattisgarh, Gujarat and Uttar Pradesh. KSK has a 25-year power purchase agreement with Uttar Pradesh.

Power Finance Corporation, pfc, KSK Energy Mahanadi project, Chhattisgarh, National Company Law Tribunal, nclt, bankruptcy code, PFC bankruptcy, NCLT pfc

Modi’s ambitious wind-solar hybrid projects witness a slow beginning

Besides land issues, lack of transmission infrastructure is another factor contributing to the weak sentiment.

Wind solar hybrid projects, solar power india, Union government solar power, renewable capacity, wind solar hybrid tenders india, solar Adani, solar Softbank, solar ReNew Power, NTPC solar, hybrid projects in India

PowerGrid plans InvIT by March end; to monetise Rs 10,000 crore assets

The InvIT will help India’s monopoly power transmission infrastructure operator to reduce its debt burden while increasing the dividend payout to the shareholders.

Sources close to the development said the company was in the process of appointing a consultant to advise on the InvIT

Punjab discom agrees to revised tariff plan for Tata’s Mundra unit

The Supreme Court allowed the CERC to amend the PPAs of the imported-coal based power plants as per the recommendations of a high-power committee (HPC) constituted by the Gujarat government in 2018.

Sources had told FE earlier the Gujarat discom (GUVNL) agreed to amend exisiting PPAs with Tata Power Mundra units.

Reliance refining margins rise 30% as IMO benefits set in

Shipping companies will have to adhere to the IMO’s low sulphur fuel regulations starting January 1.

IMO benefit, Reliance Industries, IMO, GRM, CAGR, cheaper LNG costs, sulphur fuel oil 

RCF JV to raise Rs 9,100-crore debt by October end for Talcher Fertiliser Complex

RCF has a total market share of 8% in India, which will increase to 12% after the commissioning of Talcher by September 2023, Dongre said.

The joint venture was set up by the government to revive FCIL's fertiliser plant to enhance the domestic capacity.

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
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