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GIRISHKUMAR KADAM
LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...
India's solar module sector faces shake-up as overcapacity looms, ICRA analysts sayThe country has authorised about 110 gigawatts (GW) of module capacity under its approved list of models and manufacturers, but only 70-75%...
India's sugar output to surge 15%, but margin gains for mills will remain modest: ICRAICRA forecasts a 15% surge in India's sugar output for SY2026, driven by favorable monsoons boosting sugarcane yields in key states like Ma...
India's renewable energy capacity to touch 250 GW mark by March 2026: IcraIndia's renewable energy capacity is projected to hit 250 GW by March 2026, fueled by a robust project pipeline and increased tendering act...
Icra revises domestic steel demand growth rate to 10 pc for FY25ICRA revises FY2025 steel demand growth to 9-10% due to strong government spending and sector demand, leading to increased earnings and Ind...
No benefits likely from 38 critical blocks put on sale in this decade: IcraIcra reported that benefits from the 38 critical mineral blocks on sale may not materialize by 2030 due to incomplete exploration. India's ...
Energy storage systems important to increase share of RE in power generation: ICRAIndia aims for 40% renewable energy by FY2030, driven by RE capacity growth. Energy storage systems, especially BESS and PSP projects, play...
Renewable Energy capacity to rise to 170 GW by March 2025, says ICRAICRA estimates India's RE capacity to reach 170 GW by Mar 2025, enhancing RE plus large hydro share in all-India electricity generation to ...
MNRE brings back ALMM for solar modules; to be in effect from 1 April 2024The earlier Order stated that projects commissioned by 31 March 2024 will be exempted from the requirement of procuring solar modules from ...
All-India electricity demand may grow 7 pc to 1,480 BU in FY23: IcraThe all-India electricity demand is expected to grow 7 per cent to 1,480 billion units (BU) in the ongoing financial year, according to Icr...
Renewable energy sector outlook supported by strong project pipeline: ICRAThe key challenges constraining growth remain on the execution front, mainly associated with land and transmission infrastructure as well a...
Payment delays, signing of power sale-purchase agreements key challenges facing RE sector: IcraGirishkumar Kadam, Senior Vice President and Co-Group Head, ICRA Ratings, said, the investment prospects in the RE sector are expected to r...
RE capacity addition to improve to 11GW in FY22, may see Rs 3.5 tn investment in next 4 years: ICRAHowever, ICRA said the delays in signing of PPAs/PSAs (power purchase or sale agreements) as observed in the past and cancellation of bids ...
Government's decision to impose basic customs duty on solar imports will lead to a spike in tariffs: ICRAKadam said that despite the spike, tariffs will not cross the 3-rupee upper limit, which would continue to remain cost-competitve from the ...
India may miss renewable energy capacity of 175 GW target by over 50 GW: ICRAGiving the sector a negative outlook, ICRA's power and renewables head Girishkumar Kadam said that the rating was based on execution delays...
Amendments in power policies by states pose regulatory risks to renewable energy developers: ICRAVarious states have taken such decisions to help their distribution companies, which often suffer from cashflow issues. Recently, the Mahar...
Govt's proposed discom scheme positive measure for the power sectorICRA Vice President and Sector Head Girishkumar Kadam said the availability of grants was not an earlier part of the UDAY scheme. Nonethele...
Wind tariff competitiveness to remain a challenge: ICRAThe ministry of MNRE proposes to issue bids for 5,000 MW by March next year followed by 10,000 MW each in FY 2019 and FY 2020, so as to ach...
Solar capacity addition to reach up to 7.5 GW in FY18: ICRAICRA noted that with declining module price levels and adoption of bidding process, the tariff competitiveness for solar PV projects has sh...
UDAY pulls down book losses in FY2017 by half to Rs 37,500 croreICRA finds that the progress in implementation of the Ujwal DISCOM Assurance Yojana (UDAY) has been satisfactory.