This will increase more capital outgo for banks impacting their profitability in the upcoming three quarters ahead. RBI has also asked to make additional provisions towards accounts referred to insolvency courts
The concerns were expressed at a recent meeting of the ministry with the Prime Minister's Office, a government official said. "Electricity being a major input for steel industry will increase the cost of manufacturing if it remains out of the GST," the official said.
Under the plan, the rural feeders of the twin districts would be strengthened and the power infrastructure improved as per requirement, Chairman and Managing Director of Uttar Haryana Bijli Vitaran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN) Shatrujit Kapoor said.
India has set a target of having 100 GW of solar energy and 60 GW of wind power capacities by 2022.
"Yogi government will not put additional burden on consumers by increasing power tariff and instead put check on power theft and irregularities in order to meet the losses worth Rs 21,000 crore in this sector," Sharma said during a programme here last night.
The weather information on the portal will also help in better planning for infrastructure availability to ensure cost effective and reliable supply, the power ministry said in a statement.
As per India Tractor Product Performance Index (PPI) Study, 2017, tractor owners' overall satisfaction with product performance improved to 823 on a 1,000-point scale.
Pradhan told Reuters India was open to granting stakes to Qatar in local oil and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal.
While the power sector has been battling debt, banks and government have been hard at work on a bailout mechanism. But with many challenges facing the sector, it may not work.
Nepal's Ministry of Energy yesterday signed an MoU with China Gezhouba Group Corporation (CGGC) for the development of teh much-touted 1,200 MW Budhigandaki Hydroelectric Project.
In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the results and his outlook for the company.
"India's reported move to block Chinese companies in the power sector seems to be new evidence of the country's overly suspicious attitude toward China, but this could backfire given that India is still plagued by electricity shortages and unstable supply," an article in the Global Times said today.
The Urban Development, Housing Urban Poverty Alleviation & Information and Broadcasting Minister was speaking at the inaugural session of the Global Rajasthan Agritech Meet (GRAM) in Kota.
Wind power has still not met as much success in India as abroad because of a lack of clarity on policy issues.
"Bhadla Ph-IV Solar Park results in a historic lowering of tariffs. Phelan Energy (50MW) and Avaada Power (100 MW) have bagged projects at Rs 2.62/unit. Softbank Cleantech has won 100 MW capacity at Rs 2.63/unit," a senior official said.
The Queensland government said it was probing and considering a compliance action on the issue of possible breach by Adani in respect to water released from its Abbot Point facility that had eight times more sediment than allowed limit.
The Asian Infrastructure Investment Bank (AIIB), in which India is the second largest shareholder after China, has approved the project with the objective to strengthen the power transmission and distribution system in Andhra Pradesh, said a bank statement.
Despite a sequential improvement in realization of Rs 1,500-2,000/tonne, Elara Capital expects operating income of steel manufacturers to be hit on the back of higher coal costs. The brokerage expects JSW Steel to be affected the most as it has been hit with both higher coal cost (up by Rs 3,400/tonne) and iron ore cost (up by Rs 200-250/tonne) in Q4.
The Chief Minister, at a meeting with Prime Minister at New Delhi, also sought the Centre's support in making agriculture more sustainable for the farmers in the state by putting in place a 'Deficiency Price Payment Mechanism' to encourage a shift to non-paddy cultivation.
The increase in supply comes at a time when demand of coal by the power sector has picked up on back of economy doing well.
Etalin Hydro Electric Power Company Ltd, a 74:26 joint venture of Jindal Power and Hydro Power Development Corporation of Arunachal Pradesh, is setting up the run-of-the-river project on rivers Dri and Tangon
Data available with NTPC showed that the overall cost of power generation has come down to below Rs 2 last fiscal, driven by improved quality of coal and its supplies, a power ministry official said.
"The government has identified 7,738 mw inefficient thermal plants, which would be replaced with supercritical units, to conserve scarce natural resources like land, water and coal," a senior official said.
According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.