The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power, Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval.
This comes as a big relief for the three plants which together can generate about 10,000 mw but have been making heavy losses after an abrupt jump in the price of Indonesian coal and the refusal of various states to pay higher tariffs as they said the power producers were bound by the PPAs. The matter has lingered for years as it was put up to various regulators, courts, committees, appellate authorities and governments. Gujarat Urja Vikas Nigam Ltd (GUVNL), the main power procurer from the three plants, has been directed to immediately amend the pacts and approach regulators for tariff adoption and approval, sources said. The directive was issued late on Saturday night by the state. The amended PPAs will soon be circulated among other states for cabinet approvals, they said.
“It is decided to execute amendments in PPAs of Adani Power and Essar Power Gujarat Ltd and approach appropriate regulatory commission for approval of the
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Source: http://shivacement.com/future_plan.php Growth
plans for next five years has been finalized envisaging 15 times growth
of the present capacity in two phases. SCL already entered an MOU with
Govt. of Orissa to this effect. This will facilitate statutory
approvals, additional land, mines, water & power. Additional land
and environment clearance has been already obtained for Phase-1
expansion upto 1.0 Mn.TPA. Phase-2 expansion above 2.0 Mn.TPA shall be
taken up after completion of Phase-1 with a time gap of one year.
Looking into rising cost of power, SCL is envisaging
to add captive power plant in
The Exchange has sought clarification from the company with respect to news Flash appearing on ET NOW - October 23, 2018 titled "MCX board discussed potential merger with NSE in todays meeting".<BR> <BR>The reply is awaited.
Leading commodity bourse MCX posted a 23.25 percent jump in its consolidated net profit at Rs 35.93 crore in the second quarter of the 2018-19 fiscal on higher income.
Its net profit stood at 29.15 crore in the same quarter last fiscal, as per the regulatory filing.
Net income rose to Rs 93.27 crore in the July-September quarter of the 2018-19 fiscal from Rs 91.54 crore in the year-ago period.
Commenting on the performance, MCX managing director and CEO Mrugank Paranjape said: "The second quarter of FY'19 has been yet another impressive period with 12.2 percent year-on-year (YoY) growth in turnover. Our robust performance in the quarter as well as first half of the fiscal was driven by strong growth in base metals and energy segments."
As the company moves into the second half of 2018-19, he said, "We will continue to focus our efforts on tapping opportunities and enriching our products for the further growth of commodities market. We are also determined to develop new products that shall help us reach out to more market participants.
The Sovereign Gold Bonds (SGB) scheme 2018-19 has opened for subscription. Investors in the bond have to be persons resident in India, individual, or jointly with any other individual. The bond may also be held by a Trust, HUFs, Charitable Institution and University. You can also avail the bond on behalf of a minor child.
Here are 10 things one should look at while availing Sovereign Gold Bond Scheme 2018-19.
=| The Bonds will be issued in the form of Government of India Stock, further they are eligible for conversion into a de-mat form.
=| The Bonds may be used as collateral for loans.
=| The interest on the bonds will be taxable as per the provisions of the Income-tax Act.
=| The Bonds will bear interest from the date of issue at the rate of 2.5 percent (fixed rate) per annum on the nominal value. Interest will be paid in half-yearly basis and the last interest shall be payable on maturity along with the principal.
=| The denomination of Bonds will be in units of one gram of gold, further which can be increased in multiples. Minimum investment in the Bonds will be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family and 20 kg for trusts.
=| Calendar
=|The issue price of the Gold Bonds will be Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.
=| Payment will be accepted in Indian Rupees through cash up to a maximum of Rs 20000 or Demand Drafts or Cheque or through e-banking.
=| The Bonds will be repayable on the expiration of 8 years from the date of issue of the Bonds. Pre-mature redemption of the Bond is permitted from the 5th year of the date of issue on the interest payment dates.
=| The Bonds are transferable which can be executed by filing an Instrument of transfer form.
Hindustan Unilever (HUL) posted a strong set of Q2 FY19 earnings on double-digit volume growth, which was broadly as per our expectation. Domestic consumer sales grew 12 percent year-on-year, ahead of industry growth, aided by sustained revival in rural growth (1.25 times urban growth).
Double-digit sales growth for all divisions in Q2
Result snapshot
Source: Company
This is also the first quarter after the rollout of the Goods & Service Tax (GST) where YoY reported numbers are comparable. Overall operating sales grew 11 percent backed by double-digit sales growth in all three divisions. The management reported its fourth consecutive quarter of double-digit volume growth (10 percent).
However, pricing growth of around 2 percent was the lowest in recent times. Recent price hikes would be fully reflective in the third quarter. Gross margin
In a big relief to Adani Group and Tata Power, the Supreme Court on Monday allowed state discoms and power producers move CPEC
Source: Company
However, pricing growth of around 2 percent was the lowest in recent times. Recent price hikes would be fully reflective in the third quarter. Gross margin