Gas Pricing – Another Power Sector achievement..

India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector even … Continue reading Gas Pricing – Another Power Sector achievement..
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RBI Policy – So near, Yet so far…

RBI has kept the policy rates unchanged in its second bi-monthly monetary policy for FY17. Two critical elements that have played their part in shaping today’s policy decision are not-yet-arrived monsoon and the sudden surge in April Inflation. I wonder how different the policy statement would have been if the monsoon had arrived by now.. The … Continue reading RBI Policy – So near, Yet so far…
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SBI – The Lone Ranger..!

State Bank of India (SBI) declared its results today and much to the relief it did not slip into red like most of its Public Sector peers. Net profit did fall by 66% for the quarter yet it was able to save a little for its shareholders and to be carried to the balance sheet. Operationally, … Continue reading SBI – The Lone Ranger..!
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L&T and Tata Steel – A tale of two companies..!

L&T and Tata Steel both declared their results yesterday. While Tata Steel recorded improvement of 18% (excluding one-off) at EBITDA level it recorded loss of more than Rs 3,000 crore at net level for the quarter. For L&T, it was an impressive performance with 35% increase in EBITDA and 19% at net level. With annual … Continue reading L&T and Tata Steel – A tale of two companies..!
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Ab ki baar, Modi Sarkar..!

Like everyone else, feel tempted to do an appraisal of the Modi led government on the eve of its completion of 2 years in office..! Here is my take.. Honestly speaking, I had not been a fan of Narendra Modi (but BJP, yes) until he became the Prime Minister. However, Modi 2.0 is an altogether different … Continue reading Ab ki baar, Modi Sarkar..!
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Towards an efficient Electricity market…

Two news over last few days brings little more light to the sector.. One, surrender of excess power by state utilities from Central allocation and second, discovery of market price for short term power through e-bidding. Power sector is so complex that it leaves you wondering where to start from..! However, a comparison with any … Continue reading Towards an efficient Electricity market…
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Chabahar Port agreement…

The news of agreement on Chabahar port has received unprecedented coverage, similar to the coverage received by the Nuclear treaty with US ten year back. The pact is indeed historic as it helps build an alternate route of trade between India and Afghanistan, bypassing Pakistan. Here is a brief look at the pact and the gains … Continue reading Chabahar Port agreement…
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Explaining Inflation..

WPI based for the month of April was released last week with inflation showing an increase for the first time after 17 months. The reversal may cause anxiety if this turns out to be the beginning of another upward movement in the inflation cycle. Inflation is a word that every policymaker, and of course, the … Continue reading Explaining Inflation..
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Weekly Round Up – Week 20

The week’s highlight was the news from banking sector. While SBI initiates process for merger of its associate banks, PNB shocks with more than Rs 5,000 crore loss in Q4’ 16. Other than PNB, four other PSBs, IDBI Bank, Syndicate Bank, Corporation Bank and UBI declared their results this week. All four have reported significant … Continue reading Weekly Round Up – Week 20
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