Wind turbine maker Inox Wind today said it has bagged a 250 MW project in the SECI-II auction. “The company has won 250 MW in the SECI-II auction representing a 25 per cent market share. The bid was won at a fixed price of Rs 2.65/unit for 25 years,” Inox Wind said in a BSE […]
Day: October 6, 2017
Maharashtra may cut VAT on petrol, diesel, suffer Rs 2,600 cr revenue loss
After Gujarat, the Maharashtra government may opt for a Rs 2 per litre cut in value-added tax (VAT) on petrol and diesel, adding to the losses of the debt-ridden state. BJP-ruled Maharashtra levies 46.52 per cent VAT (47.64 per cent in Mumbai) on petrol, the highest in the country. Moreover, a surcharge of Rs 11 […]
Despite duty cut, Centre’s oil revenue set to rise 13%
Despite the cut in excise duty on petrol and diesel, the Centre can still hope to rake in Rs 2.73 lakh crore from petroleum, oil and lubricants (POL) this year, the Central Board of Excise and Customs (CBEC) has estimated. The reduction will cost the exchequer around Rs13,000 crore during the second half of the […]
Skewed coal stocks to hit power availability and prices
Coal supply across the country is in a dire state with the average stock of six days at power plants. This includes close to 70 power plants with less than three days of coal. In 2016, the average coal stock was close to 28 days during peak demand months. Coal deficit, coupled with low hydro […]
Bringing jet fuel under GST will boost growth: SpiceJet chief at WEF
Ajay Singh, owner of low-cost carrier Spicejet, on Friday, pitched for bringing aviation turbine fuel (ATF) under the ambit of goods and services tax (GST) to lower cost. The move will help bring down fares and boost the aviation sector’s growth, Singh said at the World Economic Forum’s India Economic Summit. Bringing fuel under GST […]