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Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA

By : Sustainability ..., May 15, 2020

Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans...

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Lockdown to increase discoms' book losses to Rs 200 bn: ICRA

By : Sustainability ..., Apr 30, 2020

The nation wide lockdown to control Coronavirus outbreak is likely to increase the book loss level for the discoms at all India level by Rs 200 billion in FY2021 as it has adversely impacted the electricity demand and the average thermal PLF since March 24, 2020, credit...

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Despite policy push, EV penetration to remain under 5% till 2025: Report

By : Sustainability ..., Feb 6, 2020

Despite the aggressive policy push and drive by automakers, electric vehicle's penetration will remain under 5 per cent over the next five years in the 3-million units annual auto market, as per a report. Rating agency Icra has blamed this to the higher vehicle cost due to...

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BS-VI emission norms to force a 10-12 per cent rise in prices of two-wheelers: ICRA

By : Sustainability ..., Jan 24, 2020

The demand for domestic two-wheelers is likely to remain weak in the near-term on the back of the implementation of BS-VI norms, which is expected to further force a 10-12 per cent increase in ownership cost across segments, according to credit rating agency ICRA. According...

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Rate woes of renewable energy firms may stress NBFC books further: Icra

By : Sustainability ..., Jan 7, 2020

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal...

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ICRA revises year-end outlook from stable to negative for renewable energy sector

By : Sustainability ..., Dec 31, 2019

ICRA has revised the year-end outlook for the renewable energy (RE) sector, from stable to negative. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, execution delays for projects bid out over the past two years...

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ICRA expects clarity on safeguard duty, funding for discoms and renewable parks from Budget

By : Sustainability ..., Jun 25, 2019

Rating agency, ICRA expects the budget to give clarity on the status of safeguard duty, higher budget allocation for state-owned distribution utilities, and increased funding for the development...

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Solar power developers to gain from change in bidding norms

By : sustainabilityo..., Apr 5, 2018

 Solar power developers will benefit from the latest amendment in bidding norms for solar power projects that allows them to pass on the burden of any increase in duties on equipment to discoms...

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Uncertainty over duties impacting tendering for solar projects

By : sustainabilityo..., Mar 29, 2018

The prevailing uncertainty over the quantum and timelines related to imposition of safeguards duty and anti-dumping duty on imported solar cells and modules will impact tendering activity in the...

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