Despite challenges on the operating ratio front, the Indian Railways is going full blast ahead on network decongestion, network expansion and railway electrification.
Positive to be recognised for Rlys is that Capex is indeed being revved up. From R0.59 lac crs in 2014-15 to R1.21 lac crs in 2017-18.
Railways speeding ahead on capex
Despite challenges on the operating ratio front, the Indian Railways is going full blast ahead on network decongestion, network expansion and railway electrification. Order books of companies operating in these areas are beginning to show a healthy uptick.
India historically under-utilised its entitlements under Indus Water Treaty. Now 1856 MW Sawalkote hydro project cleared in J&K by Env Min.
India moves to claim its water rights
The Jammu and Kashmir State Power Development Corp project is estimated to cost over R22,000 crore. The clearance is in line with the government’s decision to step up exploitation of India’s share of water under the Indus Water Treaty.
24,000 MW of sputtering gas-based power plants need a long term solution. Surely we cannot continue to allow these assets to waste away.
Gas-based power plants face a tough future
The government is unlikely to extend the subsidy support scheme—for stranded and under-utilised gas-based power stations—which comes to an end in March. The scheme enabled these plants to partly meet their debt service obligations as they operated at low plant load factors of 30-50%. Read More…