400 stations, 90 passenger trains, Konkan rail to be monetised! Indian Railways assets to fetch Rs 1.52 lakh crore

2015年6月30日 0 Comments

The government has identified a total of 90 passenger trains, 400 railway stations, railway stadiums and colonies, as well as the famed Konkan and hill railways among other assets for monetisation. After road, Indian Railways is the second biggest sector identified by the government in the ambitious national monetisation plan. According to a PTI report, monetisation of Indian Railways brownfield infra assets would garner over Rs 1.52 lakh crore in a period of four years till fiscal 2025. Indian Railways assets would contribute 26% of the National Monetisation Pipeline (NMP), worth Rs 6 lakh crore, unveiled by Union Finance Minister Nirmala Sitharaman on Monday. Some of the key rail assets identified for monetisation during FY22-25 include 90 passenger trains, 400 railway stations, one route of 1,400 kilometres railway track, 15 railway stadiums, 741 kilometres of Konkan Railway and selected railway colonies, as many as 265 railway owned good-sheds, as well as four hill railways. In the four years duration, monetising stations and passenger train services is expected to fetch approximately an amount of Rs 76,250 crore and Rs 21,642 crore, respectively. Monetising 673 kilometres of Dedicated Freight Corridor (DFC) would fetch an amount of Rs 20,178 crore, while track, signalling, and overhead equipment (Track OHE) are estimated to fetch Rs 18,700 crore. Konkan Railways monetisation value is estimated at Rs 7,281 crore, while hill railways value is Rs 630 crore. The 265 identified railway owned good-sheds for monetisation are expected to garner Rs 5,565 crore, while the amount for railway colonies redevelopment would be Rs 2,250 crore. The NMP document stated that the Indicative Monetisation Value is estimated at an amount of Rs 1,52,496 crore over the NMP period Financial year 2022-25. Of this, an amount of Rs 17,810 crore would be monetised this financial year, Rs 57,222 crore in the next financial year 2022-23, Rs 44,907 crore in fiscal 2023-24 and Rs 32,557 crore in fiscal 2024-25.

India aims for 20 percent Ethanol-blended petrol by 2025: Benefits and challenges

2015年6月30日 0 Comments

On 5th June 2021 that marks World Environment Day, the government released the Report of the Expert Committee on Road Map for Ethanol Blending in India 2020-2025. In this report, the government has laid down a target of blending 20 percent ethanol in petrol by 2025. International Centre for Automotive Technology (ICAT), through its technology platform ASPIRE, conducted a webinar inviting experts from diversified segments of the automotive industry to highlight the benefits and challenges of this decision. In its report, the committee announced the target of achieving 20% ethanol-blending with petrol in the next five years as it looks to cut dependence on oil imports. The government expects investments of up to Rs 41,000 crore to help India achieve its ethanol blending target of 10 percent by 2022 and 20 percent by 2025. Currently, ethanol blending in the country is to the tune of 8.5% and is slated to increase to 10% ethanol by end of FY 2021-22. The current capacity of 300 crore litres ethanol increase to 400 crore litres for a 10% blend. By 2025, it is estimated that 1,000 crore litres of ethanol will be required for the country, says Dr SSV Ramakumar, Director RD, IOCL. C V Raman, Chief Technical Officer, Maruti Suzuki India, and President, ASPIRE Governing Board, points out that ethanol-blended fuels have the potential to replace 18% of gasoline consumption. E20 fuels will also lead to a 16% reduction in harmful greenhouse gases. However, he expressed his concern about customer acceptability and the impact of compatibility with ethanol fuels with on-road vehicles which are not developed to run on 20% ethanol-blended fuel which might would result in increased fuel consumption and higher maintenance costs for vehicles. He also emphasised the need to recognise ethanol as a carbon-neutral fuel and mentioned that RON 95 fuels should be the standard for all ethanol-blended fuels from E20 to E85 Vikram Kasbekar, ED CTO, Hero MotoCorp expressed his concern on E20 fuel impact on carburetted two-wheelers as a large number of such vehicles is running across the country. He suggested E10 be the base fuel for a certain period of time to compensate customers for the loss of fuel economy. He stated that clarity in the energy roadmap is imperative for the industry. Dr Reiji Mathai, Director, Automotive Research Association of India (ARAI) stated that by 2023 some places in India will be selling 20% blended ethanol, and by 2025 it will be available all across India. He mentioned that vehicle manufacturers will be addressing the challenges of ethanol-blended fuels and he mentioned options of availability of E20 reference fuels locally in India is being explored with various refineries in India. All the panellists acknowledge the benefits of ethanol-blended petrol in reducing harmful emissions, the reduction in import costs and advantages to farmers in producing raw materials. The panel discussed that awareness building is a crucial aspect for the success of EBP in India. Other challenges include vehicle performance compatibility for ethanol-blended petrol, reduced fuel efficiency, pricing, storage, engine reliability issues, inconsistency in character of ethanol-blended petrol from various biosources, a requirement of consistency in policy across all aspects, etc.

Long-term roadmap for EVs needs more clarity: Schaeffler India

2015年6月30日 0 Comments

As the governments around the world push for cleaner means of people and goods transport, there is much focus on electric vehicles. Automotive parts and components providers have had to diversify their product lineup to cater to such shifts. We got in touch with Harsha Kadam, MD CEO, Schaeffler India, to know more about the brands key products launched recently for the EV segment, learn about what the company opines about the popularity of EVs and the governments response to providing assistance to manufacturers, and also about Schaefflers contribution to Indias automotive industry. Are Schaefflers engine components used by an Indian manufacturer? As one of the leading suppliers of automotive products and systems, Schaeffler India supplies engine, chassis, and transmission products to the country Our customer-centric approach, high emphasis on innovation, and superior distribution network enable us to maintain our leading position across these businesses. We aim to provide class-leading reliability and safety through our products, and we will continue to focus on providing innovative products and solutions driven by superior technology. Our Engine components are designed to contribute to the needs of the stringent norms such as the BSIV to BSVI as well as the oncoming CAF Any fresh dose of investment has been done recently? Please share details of future investments in India Since 2017, Schaeffler has doubled its investments in India to the tune of INR 2500 -3000 Million per annum. We have and will continue to enhance our capacities and competencies for the future. Most recently we have announced an increase in capital expenditure (Capex) by 20% to INR 1,200 crore over the next three years. At the India level, we spend 1 to 1.5% of our earnings on RD and will continue to do so as we believe, that is an investment for the future and is extremely important for any technology company. To further leverage local competency, infrastructure, and networks, we have established an Incubator Competency Centre at the Pune plant for two-wheelers and agriculture machinery where we are working on several innovative projects. We also have a dedicated 2W 3W RD facility at Pune and have continued to enhance its competencies by adding testing and simulation capabilities. This has helped us to develop innovative products locally and serve local customer needs. On the manufacturing front, we have most recently expanded our manufacturing capability at the Savli unit in Vadodara. The plant largely caters to our industrial clients. On the automotive front, we have a strong focus on localization and continue to expand our localized portfolio. In line with this our localization ratio has improved to 76% in 2020. In the future, we plans to keep the highly skill-based critical operations to itself while outsourcing the non-core operations to external agencies. Any new innovations or components that the company has made recently and that might disrupt the Indian automotive scene? Please elaborate on export numbers too. RD and innovation form an integral part of our growth strategy. It has been our constant effort to develop and strengthen local RD capabilities and hence we have invested over INR 2,500 Million in RD in India in the last five years. As informed in previous response, we have a dedicated RD center Few key products launched in 2020 are: 1. An automatic two-speed transmission for electric three-wheelers and are engaged with major OEMs for its implementation. 2. Advanced wheel bearings for new platforms of OEMs 3. New valve train, timing drive and water pump components to major OEMs 4. On Board Condition Monitoring systems developed in house for the Railway and other sectors. Our strategic location in the Asia Pacific allows us to further serve the growing SE Asian markets translating to greater scope for business expansion. In line with this, we have a clear export strategy, following which our 2020 revenue mix consisted of 10% revenue from exports. Our exports largely cater to the entire APAC region and are a mix of industrial automotive products. With EVs coming in, what is Schaefflers contribution and what all components are being made for the same. What are the challenges vis-a-vis making components\/parts for EVs. Owing to reasons like increasing pollution, dependence on oil imports, dire need to have more renewable sources of energy etc. the entry of electric vehicles is inevitable in India. And though, the EV Segment has gained momentum in the Indian market, it is still in a nascent stage. For the EV segment to become more sustainable, it would need volumes, and we view Light Commercial Vehicles (LCVs), 2W 3W as prime volume drivers for the segment. Therefore, Schaeffler India has indigenously developed a twin-speed seamless transmission that is compact and modular, innovative, and fit to market for emerging markets. In the case of Passenger Vehicles (PV), our observation is that customers are expecting EV performance at par with IC engine powered vehicles, which places unique demands on the electric powertrain. Our patented twin-speed transmission system has been developed to manage these demands. TwinTrans aims to achieve both grade ability performance and higher top speed without increasing the load on the motor and battery capacity. This one-of-its-kind system is an automatic transmission system that enables the vehicle to draw the essential torque and maintain speed while climbing on a gradient. With regards to challenges, I feel that at a policy level the long-term roadmap for EVs needs more clarity. This will in turn help OEMs to firm up their strategy of either choosing a straight jump to EVs or using alternate technology such as hybrid to enter the market. How has the pandemic affected you (spokesperson) as well as the company. For the latter, we are looking on details about production capacity, constraints, and new office practices. The crisis has truly brought the entire Schaeffler India team together. The morale and motivation of our employees have been highly commendable. Across all levels, right from the senior leadership to the junior-most employee, everyone has shown tremendous resilience and agility in quickly adapting to the new normal and ensuring business continuity and safe restart of our plants, warehouses, and offices, amidst this pandemic and its challenges. The resilience and tenacity with which the entire Schaeffler team rallied together to work as one cohesive force showed an altogether new level of organizational bonding. Empowering and trusting each other has been our strength in overcoming the crisis. With a strong focus on innovation, agility, and quality, we have managed to keep the ball rolling even in these unprecedented circumstances. During lockdown in the first Covid wave, we lost almost 52 days of production in the Wave 1, as the economy came to a grinding halt. But as the economy opened and demand cropped up, we gradually increased the production and all our plants started working at full capacity. Though onset of the second wave has dampened the demand a bit, but we were prepared and were not affected\/impacted as much as during the first wave. As the pace of vaccination increases and the Covid wave diminishes, we are hopeful of a positive recovery. The unprecedented challenge that we faced during the Covid lockdown period gave us enough time and scope to prepare and re-tool for the new normal that we were heading into. In line with our crisis preparation, we adopted the The next step was to restart activities safely and cautiously. And finally, retool and prepare for tomorrow. Amidst all this, customer centricity has been of utmost importance to us and we continued to remain closely engaged with our customers at all times. Here, our capability to predict and forecast the fast-changing customer needs, our mental preparedness towards the impending changes and our agility in responding to the change ahead helped us to stand in good stead. How well have the TruPower product range been received by the target audience? Do products like grease or engine oil require specific changes to be BS6 compliant? Can these BS6 compliant lubricants be used in BS3 or BS4 vehicles? Since the launch of TruPower, we have seen very good growth. The results in terms of uptake and response have been very encouraging. As one of the leading suppliers of products and systems that help reduce CO2 emissions and protect the environment, we hope to play a proactive role in ensuring a smooth We have an excellent mix of old generation BSIV products and new generation BSVI products – for the whole powertrain, engine, and chassis. We have continuously made strategic investments and acquisitions which enable us to be a valuable business partner to our customers. Yes, the new emission technology requires higher engine operating temperatures which necessitate lubricants with enhanced performance properties. Hence, the BS6 compliant vehicles would need lubricants that are BS6 compliant as well. Most Schaeffler TruPower lubricants are backward compatible with BS4 vehicles. What do you feel about the EV culture in India? Please share your thoughts. India is witnessing a gradual increase in EV adoption and the government is also on the right path of developing of required infrastructure to support EVs. However, we need an ecosystem approach to achieve India In India Having said that, we also estimate that, ICE (Internal Combustion Engine) technology will be around for the foreseeable future and may also be combined with electric or hybrid drives. This coupled with the country

India vs England 3rd Test, Day 3: Cheteshwar Pujara, Rohit Sharma steady India’s ship at Headingley

2015年6月30日 0 Comments

India reached 215 for two in their second innings at stumps on the third day of the third Test against England here on Friday. The hosts took a massive first-innings lead of 354 runs before being all out for 432 in their first essay at Headingley. Cheteshwar Pujara was batting on 91 and giving him company was skipper Virat Kohli on 45. Also Read At the close of play, the visitors trailed by 139 runs. England, who began the day at 423 for eight, could only bat for 3.2 overs in the morning session with Mohammad Shami and Jasprit Bumrah removing Craig Overton and Ollie Robinson respectively. Mohammed Shami (4\/95) was the most successful bowler for India with four wickets, while Ravindra Jadeja (2\/88), Mohammed Siraj (2\/86) and Jasprit Bumrah (2\/59) were the other wicket-takers. India were all out for 78 in their first innings on the opening day. Also Read 2 overs (Joe Root 121, Mohammed Shami 4\/95).

Nusrat Jahan becomes mother of baby boy

2015年6月30日 0 Comments

Trinamool Congress MP and actor Nusrat Jahan gave birth to a baby boy at a private hospital in Kolkata on Thursday afternoon, sources said. Jahan, who was admitted to the hospital in Park Street on Wednesday evening, gave birth to the child around 12.20 pm, a source at the hospital said. Both the mother and the baby are doing fine and under the watchful eye of the doctors, the source said. Jahans actor-friend Yash Dasgupta was present at the hospital, a film industry source said. Jahans estranged husband Nikhil Jain said, There might be differences between us, but I am wishing the newborn and his mother all the best. I wish the baby boy has a bright future.

Capex questions: Centre must do the heavy-lifting, private sector will wait

2015年6月30日 0 Comments

Finance minister Nirmala Sitharaman The government needs to spend given private sector will stay cautious for some more time. Moreover, the states are strapped for funds; for 15 major states, the capex in the June quarter was about 1% smaller than in the corresponding quarter of FY20. The total capex outlay (including spends by PSUs financed through internal and extra-budgetary resources) was increased by a modest 8.7% over FY2020-21 and 4.8% over FY2021-22; however, the increase in direct government spending on capital expenditure in FY2022BE is a good 26%, at Rs 5.5 lakh crore. While, for the key infrastructure sectors, the total public sector expenditure will see a decline of 3%, that should be made up once the proceeds from the National Monetisation Plan (NMP) come through. The current year For fixed capital formation to increase, however, the private sector needs to chip in. Although corporate India has deleveraged significantly, driven by improved profitability in stressed sectors such as metals and power, capex is slow. An analysis by Credit Suisse shows the share of debt (excluding auto), with an interest cover of less than one, fell to roughly 32% for the past four quarters, the best reading in the last seven years. Indeed, thanks to some big cost-cutting, India Inc reported record profits in FY21 and cash-flows are robust. Profits for a set of 3,021 companies (including banks and financials), for the three months to June, were strong while the sum of the ebitda and wages (a proxy for gross value added, or GVA) jumped nearly 48% year-on-year. That However, although they may have room to borrow and interest rates are at multi-year lows, it doesn For one, capacity utilisation remains at around 69% levels. This is somewhere close to the pre-pandemic level and not particularly bad given the deleterious impact of Covid-19. One must remember that capacity utilisation has stayed well below 75% for the better part of the last eight years since FY13. Gross fixed capital formation (as a share of GDP), which was at 34.1% in FY13, slipped all the way to 30.8% in FY17 before recovering gradually to 32.5% in FY20. In the last few years, it is primarily the government that has supported capex. The private sector will also wait for better visibility on consumption demand to assess whether it will sustain at meaningful levels once all the pent-up demand has been satiated. To be sure, not all capex has come to a standstill; several greenfield ventures are being pursued in sectors such as steel, cement, capital goods and distressed assets continue to be purchased. Moreover, there is no denying that there is good interest in some of the PLI (production-linked initiative) schemes. But the flows need to be bigger, mere driblets are not enough.

TechInvention reveals positive outcomes of its indigenously developed recombinant subunit SARS-CoV-2 vaccine

2015年6月30日 0 Comments

TechInvention Lifecare Pvt. Ltd., a Biotech start-up company based out of Mumbai, India has revealed positive outcomes of its recombinant subunit SARS-CoV-2 vaccine (CoviTechTM) in a Enthused with the promising preliminary results, the company is now advancing further development of the vaccine. According to Syed S Ahmed, Founder Director CEO, TechInvention Lifecare Pvt. Ltd, CoviTechTM technology addresses several challenges in vaccine design by providing an affordable, safe and effective option for preventing SARS-CoV-2 infections in developing countries. CoviTechTM is being positioned as an affordable, effective and safe vaccine for the masses, the company is also exploring another vaccine candidate targeting the conserved and immunogenic regions of the virus. This vaccine may have the potential to address the burning issue of mutations, especially the He added, The company has been striving to enable access of Supporting strategic capacity building initiatives for Novel vaccines and Biotherapeutics in developing countries has been a key focus at TechInvention. Further the study showed a two fold and a twenty fold increase in the IgG titre value (compared to adjuvant control) at a dose of 50 mcg and 75 mcg, respectively. In CoviTechTM, the antigen is expressed in yeast Pichia pastoris, one of the most desirable expression platforms in recombinant technology to produce cost- effective products with high yield and easy scale up process. Products like the Hepatitis B vaccine manufactured using the same platform technology are being administered even to newborns with exceptional safety, according to company sources.

Petrol and diesel price today September 2: Fuel rates unchanged; Check price in Delhi, Mumbai here

2015年6月30日 0 Comments

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of petrol and diesel were left unchanged today by oil marketing companies, a day after trimming prices by 15 paise across most metro cities. Today, petrol in the national capital costs Rs 101.34 per litre, while diesel in the capital city is retailing at Rs 88.77 per litre. Petrol and diesel price were left unchanged for 35 days earlier last month. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. Mumbai39 per litre. Diesel in the country33 per litre. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab. Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune -Chennai: Petrol prices 08 per litre; Diesel prices 38 per litre -Kolkata: Petrol prices 72 per litre; Diesel prices 84 per litre -Pune: Petrol prices 95 per litre; Diesel prices 44 per litre -Bengaluru: Petrol prices 84 per litre; Diesel prices 19 per litre -Hyderabad: Petrol prices 40 per litre; Diesel prices 84 per litre -Noida (UP): Petrol prices 65 per litre; Diesel prices 34 per litre -Mohali (Punjab): Petrol prices 51 per litre; Diesel prices 84 per litre -Chandigarh: Petrol prices Rs 97.53 per litre; Diesel prices 48 per litre -Gurugram (Haryana): Petrol prices 07 per litre; Diesel prices 46 per litre Crude Oil price Crude oil prices were down on Thursday morning after OPEC+ decided to stay committed to increasing the oil supply. According to Reuters, Brent crude futures were trading at $71.07 per barrel while the U.S. West Texas Intermediate futures traded at $68.03 a barrel.

Tata launches its second mass-market EV, the Tata Tigor EV for ₹11.99 lakhs

2015年6月30日 0 Comments

Tata Motors launches its second mass-market electric vehicle in India, the Tata Tigor EV. The electric Tigor prices start at 99 lakh ex-showroom for the base XE trim. The Tigor EV by Tata Motors is available in three variants, the top-spec trim costing 14 lakh for the dual-tone spec. The prices for the Tata Tigor EV are as follows: Tata Tigor99 lakh Tata Tigor49 lakh Tata Tigor99 lakh Tata Tigor14 lakh Following Tatas take on safety, the Tigor EV secures a 4-star NCAP safety rating for adults and child safety. The Tata Tigor EV features an impact-resistant battery pack casing that complies with AIS – 048 standards for nail penetration at the cell level. The electric motor generates 74 bhp and 170 Nm of peak torque, offering an ARAI certified range of 302 km. This has been spearheaded by our very own Nexon EV, which today is the most popular EV in the Indian market. The increasing support from the central and the state Government, providing subsidies and a conducive environment for EVs to grow, inspires us to expand our EV offerings to our customers. We are ecstatic to launch the Tigor EV today, powered by the capable Ziptron Technology. The Tigor EV is a perfect option for all aspiring sedan buyers who are looking to own a vehicle that is technologically advanced, comfortable and high on safety standards, while also being an environmental-friendly commute, making it an irresistible choice for the buyers to #EvolveToElectric.\u201d

Larsen & Toubro Rating: Buy – Preferred pick to play any capex upcycle

2015年6月23日 0 Comments

Since its last five-year plan announced in CY16, LT has been strengthening its business model by exiting non-core businesses, going asset-light (no exposure to road HAMs), and sharpening its focus on receivables rather than just execution. It continued to prioritise Balance Sheet strength over growth during the pandemic. While the second wave brought on similar challenges as FY21, construction activity was allowed to continue. Hence, the impact was much lower than that seen in FY21. Labour availability no longer poses a challenge, with the current strength at 235k (v\/s the peak requirement of 250k). Mgmt has maintained its FY22 low to mid-teen growth guidance in order inflows and revenue. It has guided at maintaining core EC margin at FY21 levels. LT is poised for strong earnings growth momentum, whenever order inflows gain momentum. Order inflows disappoint, but LT remains the best story to play the capex upcycle: LT Although the Buildings and Power segments were weaker in FY21, this was largely offset by strong orders in the international Power TD and Hydrocarbons space. LT On account of the pandemic, order inflows have been weaker, especially if adjusted for a one-time big ticket size order (HSR project) and weak state finances. However, things should start to improve as we move past the pandemic. The bid pipeline has improved sequentially, with the overall pipeline for the remainder of the year at Rs 8.9 trn. This is encouraging, but faster conversion into final awarding holds the key. The order book is strong at Rs 3.2 trn, with the book\/sales ratio at 3.2x. Catalysts to watch out for: Over the next two years, we see multiple catalysts emerging, including: (i) asset monetisation for Hyderabad Metro and Nabha Power; (ii) FCF of $1.5-2 bn p.a. in the core business; (iii) improvement in order inflows prior to polls, and (iv) improved execution, aided by a better working capital cycle, as the government focuses on capex. If the macro environment improves, strong FCF generation should enable LT to hike dividend payouts, given the minimal capex requirement. Valuation and view: LT is our top pick in the wider Capital Goods space. So far, weak order inflows have impacted the stock We estimate an FY21-24E EPS CAGR of 24%, driven by 15% CAGR in the core EC business and declining loss from the Hyderabad Metro. Over last one month, LT Infotech\/ Mindtree\/ LT Technology Services rallied by ~18%\/~28%\/ ~11%. Factoring in the CMP of the listed subsidiaries (holding company discount of 20%), our TP now stands at Rs 1,950. Adjusted for the valuation of subsidiaries, the core business is available at 14.3x FY23E PE v\/s its long-term one-year forward average P\/E multiple of 22x. We maintain Buy.