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Indian Potash Ltd at crossroads-I: Decision to diversify was a bad idea.  Indian Potash Ltd at crossroads-II: Company has its strengths.  Indian Potash Ltd at crossroads-III: Company faces more uncertainty than ever before.  BVFCL: Readying itself for an investor.  Gas transporters to face tough times ahead-I: No solution yet on evacuating gas from Kochi terminal.  Gas transporters to face tough times ahead-II: Will the spur line to Mangalore come up at all?.  Gas transporters to face tough times ahead-III: Fertilizer companies left high and dry.  Gas transporters to face tough times ahead-IV: DOF mounts pressure for a solution.  Gas transporters to face tough times ahead-V: Gas transporters close ranks over fixation of Dabhol-Bangalore tariff rate by PNGRB.  Gas transporters to face tough times ahead-VI: RGTIL joins in too.  Gas transporters to face tough times ahead-VII: H-Energy opposes spur line to Mangalore.  Gas transporters to face tough times ahead-VIII :H-Energy' to go ahead with Jaigarh LNG Terminal.  Gas transporters to face tough times ahead-IX: Such is the fear for GAIL.  RCFL invites tender supply of equipments and services¬†.  Plant maintenance project: RFQs likely to be released by February, 2016.  Delay in restoring gas supply: Irate Nagarjuna shareholders urge management to go to court.  Adani eyes Sindri fertilizer factory.  Rs 1550 crore investment to set up green field project of NPK.  Gas price to remain muted in India over the next 12-18 months: No investment likely to tap offshore gas reserves.  Time for everyone to get into the renewable sector-II: Prices can already compete with conventional power.  
Indian Potash Ltd at crossroads-I: Decision to diversify was a bad idea
Oct 09: Indian Potash Ltd (IPL) -- after its diversification into becoming a retailer of milk and a sugar manufacturer -- seems to be at the crossroads today.
8The returns from the diversification have been low as witnessed over the past few years owing to the large losses posted by the sugar division; and, the company’s low capitalisation levels in relation to its turnover.
8Traditionally, IPL enjoyed healthy returns as the fertiliser trading operations were moderately profitable with a low asset base. Nevertheless, as a diversification initiative the company ventured into cattle feed manufacturing, dairy products distribution and acquired five sugar mills in Uttar Pradesh.
8Though the smaller cattle feed and dairy divisions are profitable, the sugar division continues to post large losses owing to the very low sugar prices and the high cane prices paid to the farmers (as stipulated by the UP Govt).
8With large amount of capital invested in this division, the overall return indicators of the company have remained depressed post FY 2011.
8The future seems unusually challenging now it remains a moot point whether the company will be able to do a turnaround in the performance of the sugar division or else this segment can become a noose around the company's neck
8Clearly, the management has to do some rethinking, as the ability of the company to maintain its margins given the fluctuations in commodity prices, working capital cycle and forex volatility is likely to be severely tested in the months ahead.
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Indian Potash Ltd at crossroads-II: Company has its strengths
Oct 09: There is no doubt that IPL has its strengths but efficiently the management leverages them remains a moot point
8IPL is the leader in the trading of the three major fertilizers, urea, di-ammonium phosphate (DAP) and muriate of potash (MOP).
8And its biggest plus point is that it is treated as a one of the state trading enterprises for canalising urea imports.
8Also, as the largest importer of MOP, it enjoys a favourable
8IPL also has the second largest market share in DAP in India.
8The company is one of the three canalising agencies (apart from MMTC Limited and State Trading Corporation of India) for import of urea on behalf of Government of India (GoI). Although urea handling is not very profitable, IPL earns service charges for urea imports on GoI account through canalisation and high sea sales to complex fertiliser manufacturers, which add to its profits.
8With over five decades of expertise in fertilizer trading operations, the company has longstanding relationships with all the major international suppliers and extracts significant concessions in pricing, as compared to its competitors, owing to the large order volumes.
8The company also has one of the most extensive fertilizer distribution network in India, covering more than 90% of the country’s villages, which is a strength considering the regional nature and freight intensity of fertilizer distribution.
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Indian Potash Ltd at crossroads-III: Company faces more uncertainty than ever before
Oct 09: IPL today faces more uncertainty than ever before.
8A large volatility can be witnessed in the revenues and profits over the past few years owing to the subdued demand for some of the traded products due to adverse market conditions as well as the heavy exchange rate fluctuations.
8Post FY 2012, due to the implementation of the Nutrient Based Subsidy scheme, the demand for the non urea fertilisers has fallen, owing to the large price differential with urea, leading to sizeable revenue de-growth in the past two years.
8Also, the adverse agro-climatic conditions and the resultant piling up of channel inventory further moderated the demand.
8The operating profitability has also been impacted in the recent past due to large sales discounts provided to the dealers in the wake of high systemic inventory.
8Though the interest expenses are typically low for the company, increase in subsidy burden has increased overall interest costs. Besides, the net margins have been low in some of the years owing to the large impact of currency fluctuations as the company does not possess any natural hedge against its imports.
8The forex impact on net margins was especially severe in FY 2013 and FY 2014 due to the steep depreciation in the value of the rupee over a short period of time.
8The company also has a relatively high working capital intensity of operations due to the sizeable subsidy/trade receivables and inventory levels.
8The Company receives the subsidy payments (initial 85% and the final 15% in lieu of Transport subsidy) with a large time lag and hence the overall receivables position is stretched. Though the absolute value of the receivables has declined due to the revenue de-growth and implementation of the NBS scheme, the debtor days continue to be high (in terms of days of OI). The inventory levels have also remained high owing to the depressed market demand and piling up of channel inventory. With low credit availed by the company, the working capital intensity has increased necessitating relatively high bank borrowings.
Comment: The good old days are over for the company as increasing competition and severe volatility begin to bite. Then again, the diversifications do not make logical sense. To be a processor of milk and sugar is way outside the company's core competence. In fact, the foray out of fertilizers and the fact that it is now privately owned may allow critics to demand that the company be de-registered as an STE though this is unlikely anytime soon. If it happens it will have a disastrous consequence. 
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BVFCL: Readying itself for an investor
Oct 09: The website regrets having said that Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) posted a loss of a massive Rs 715 crore in 2014-15 as compared to a loss of Rs 603 crore in the previous year.”
 BVFCL has clarified that the position is as follows:
8The loss posted in  FY 2013-14  was Rs 158.29 crore
8In 2014-15  a PBT of 646.12 Cr was posted.
8The government has approved the financial restructuring of the company and a part of its accumulated interest was waived.
8The  networth of the company is a positive Rs 64.50 crore as against a loss of Rs 603.56 crore in the previous year
 Comment: The window dressing is going to help the company find a suitable private sector suitor. The idea is to build a new ammonia-urea complex. The advantage for the company is that it has an allocated supply of gas. The disadvantage however is that is has a remote location -- on the foothills of the eastern Himalayas -- and it has to operate in a socially volatile area that is prone to agitations and militancy.
Gas transporters to face tough times ahead-I: No solution yet on evacuating gas from Kochi terminal
Oct 08: A solution has not been found yet to the gross under utilization of the Kochi LNG terminal on account of the inability to lay an evacuation network in Kerala on account of intense opposition from farmers.
8One set of anchor customers which is getting restless are the three fertilizer units -- Madras Fertilizer Ltd's Manali unit, MCFL's Mangalore plant and SPIC's Tuticorin complex -- all of which have made investments to convert their feedstock from naphtha to gas but are now waiting for the pipelines to come up.
8These units were meant to get gas from the Kochi terminal through a network of pipelines -- including a Kochi-Mangalore line -- that were meant to be built by GAIL.
8But opposition from local farmers in Kerala has sabotaged plans for gas supply so far. The Kochi-Mangalore line traverses 350 km through the state of Kerala and this segment is now turning out to be difficult to build.
8Both GAIL and the petroleum ministry have at one point in time looking at abandoning the gas evacuation network from Kochi for the time being, instead looking at using spur lines from the Dabhol-Bangalore RLNG pipeline to supply gas to stranded customers.
8But the latest reports are that goaded by the central government and with support from state authorities, GAIL has begun work again on the pipeline in Kerala but it remains a moot point whether work will continue apace or come to a halt soon given the opposition mounted by the farmers.
Gas transporters to face tough times ahead-II: Will the spur line to Mangalore come up at all?
Oct 08: One option that is still under consideration is to take gas to Mangalore through a 286 km, 24-inch spur line that goes from Bidadi on the Dabhol-Bangalore pipeline along the ROU of HPCL's LPG pipeline all the way to Mangalore.
8Two other options were also investigated -- a 330 km line from Goa along the NH 17 highway or the coast or a 312 km spur line from Hivvinahadagalli -- but eventually the spur line from Bidadi on the Dabhol-Bangalore pipeline was found to be the most viable option.
8The point to note is that the capacity utilization of the Dabhol-Mangalore pipeline (DBPL) is currently only at 10% and it may take up to seven years to reach the 60% utilization rate against the design capacity of 16 mscmd.
8What is more, the envisaged power project at Bidadi is under litigation and may not eventually come through and that case the gas pressure at Bidadi should be sufficient to supply around 3 to 5 mmscmd of gas to Mangalore through a 24-inch spur line without installing an auxiliary compressor till the pipeline reaches the 75% utilization rate.
8The spur line to Mangalore is to go along the ROU of the proposed Mangalore-Hasan-Solur LPG pipeline that has been authorized by PNGRB for HPCL to build.
Gas transporters to face tough times ahead-III: Fertilizer companies left high and dry
Oct 08: Permission to build the spurline to Mangalore has not come in yet as the option of getting the Kochi Mangalore line going is still being explored.
8There is confusion too over pipeline tariffs as the PNGRB has found most of the tariff rates to be gold plated and the regulator is now going about cutting tariffs in some cases by more than half.  and there is confusion over pipeline tariffs now that the PNGRB
8In the meanwhile, the three fertilizer plants are starved off gas.
8MCFL's Mangalore plant will have to wait for the spur line to be built to Mangalore or for the line from Kochi to be constructed and the time to be taken for that is anybody's guess.
8In case of Madras Fertilizers Ltd, the plan is to build a 250 km spur line from the Dabhol-Bangalore pipeline that extends up to Chennai..
8This arrangement is meant to be a temporary one until IOC's terminal in Ennore comes up. MFL is meant to sign gas supply deals with both GAIL and IOC, and whoever can supply gas at a cheaper rate will be selected.
8And what happens to the 250 spur line that is built once MFL begins to offtake gas from Ennore? The pipeline can then be used to supply gas to Chennai and also feed the Dabhol-Bangalore line from the Ennore terminal.
8As far as SPIC is concerned, the company is banking on the laying of the Ennore-Tuticorin pipeline. The idea is to build the 110 km Tuticorin to Ramnad (where ONGC produces gas) first.
8SPIC is also looking at a dedicated pipeline to Ramnad too, as permission is not required from the PNGRB to build one.
8ONGC is wiling to confirm gas availability of 0.9 mmscmd from Ramnad and beyond that volume gas can come from further exploration and production work at Ramnad or LNG can come in from the pipeline that will connect to Ennore.
Gas transporters to face tough times ahead-IV: DOF mounts pressure for a solution
Oct 08: The Department of Fertilizers is now mounting pressure on GAIL and the petroleum ministry to find a solution to the impasse over supply of gas to the three fertilizer units.
8The DOF has to provide an Action Taken Report on a Parliamentary Standing Committee report for immediate connection of the three fertilizer units to gas lines.
8It has sought a reply from the ministry and the gas major on the next course of action as the Action Taken Report has to filed in a time bound manner on an urgent basis.
8The debate seems to be over what will happen to the Kochi evacuation network if main anchor customers are supported not through the Kochi-Mangalore pipeline but through the spur line coming out of the Dabhol-Bangalore LNG line.
8The fate of the Kochi terminal will then hang in balance as it will not be possible to evacuate any significant quantity of gas from its terminal without an evacuation system in place.
8Attempts are now being made to build the Kerala segment with the help of state authorities despite firm opposition from farmers and villagers.
8Any which way, the petroleum ministry will have to take a decision and the PNGRB has to be roped in to get the spur lines going so that gas can be supplied to the stranded fertilizer units.
Gas transporters to face tough times ahead-V: Gas transporters close ranks over fixation of Dabhol-Bangalore tariff rate by PNGRB
Oct 08: Gas transmission companies are usually at loggerheads over many issues governing the sector but they now seem united in opposing the drastic cut in tariff rates that the PNGRB is planning to impose on the GAIL operated Dabhol-Bangalore pipeline that ferries RLNG from GAIL's Dabhol LNG terminal.
8This will be the first time that the regulator will be fixing the final tariff of a common carrier gas pipeline and transmission companies are worried that if the wrong precedence is set, it will adversely impact their future business prospects.
8Gujarat State Petronet Ltd has claimed that the capex of spur lines in the same tariff zone should be taken into account at the time of tarif determination. If the capex does not take place, the PNGRB can always factor that at the time of review.
8GSPL is opposed to clubbing maintenance expenditure as opex. Capex, whether maintenance or otherwise, should be part of fixed assets and not opex, the argument goes.
8The company has also argued against the PNGRB's attempt to allow System Use Gas to the extend of gas consumed in the running of compressors and not for maintenance gas consumption and unaccounted gas.
8GSPL also wants the inflation rate to be actual rather than a notional rate. The company is also opposed to disallowance of currency devaluation for computing future SUG cost.
8The company is further of the view that any adjustment of tariff rates or dues with customers for past period should be captured in prospective cash flows in DCF calculations for determination of final tariff, in order to avoid retrospective adjustments and their associated administrative and financial hardships.
 GSPL has made the following additional points:
8Actual gas volume transported by an entity to be considered in the divisor while determining tariff instead of the present method of considering volume derived based on pipeline capacity assessed by the PNGRB.
 PNGRB should take into account only the volume of gas forcast made by the entity and not dwell on any other criteria.
8The regulator should finalize tariff on truing up basis as is the case with electricity distribution tariff
8Actual loss of unaccounted gas incurred in the transportation of gas should be allowed to be recovered from transportation tariff.
Also carried here are GSPL's comments on the PNGRB (Determination of Natural Gas Pipeline Tariff) Amendment Regulation 2015.
Gas transporters to face tough times ahead-VI: RGTIL joins in too
Oct 08: RGTIL is also of the view that for determination of the final tariff rates for the Dabhol-Bangalore pipeline (DBPL), computations should be done on the basis of DCF methodology considering all future expected cash flows, including expenditure incurred on replacement, overhaul, up-keep, upgradtion and addition of network or equipment.
8The company wants the inflation rate to be on actual rather than notional basis.
 RGTIL has also claimed that un-accounted gas based on reasonable assessment should be allowed. The quantity can be benchmarked based on some normative value, perhaps as a percentage of gas transported by a pipeline based on pipeline industry data.
8On the volume divisor, the company finds it prudent to give its comments, once more clarity emerges on the proposed amendment in tariff regulations on the volume divisor by PNGRB.
 RGTIL wants the number of working days to be calculated by taking a 30-day shutdown period for the shipper and the transporter.
8On return on capital employed, the company has taken the position that for gross up to pretax level, the rate applicable for any corporate assesse is to be considered as per tariff regulations for the economic life of the project which includes the construction period as well.
8RGTIL is not opposed to retrospective revision of tariff but wants the ground rules to be clear.
Gas transporters to face tough times ahead-VII: H-Energy opposes spur line to Mangalore
Oct 08: H-Energy Gateway Private Ltd (HEGPL) has opposed the authorization of a spur line to Mangalore from the Dhabol-Bangalore LNG pipeline.
8H-Energy seems to be hitting back at GAIL as its own plans to build the Jaigarh (Maharashtra) to Mangalore (Karnataka) pipeline to ferry gas from its 8 MMTPA LNG terminal at Jaigarh is being opposed tooth and nail by GAIL.
8The company in its comments has urged the PNGRB not to consider providing authorization to the spur line that GAIL is planning to build from the Dahbol Bangalore line to Mangalore on the ground that the central government authorization was granted only for the Dhabol-Bangalore line and not for the spur line.
8In that case the future capex investment in the spur line should not be considered in the detemination of the DBPL tariff rate.
8H-Energy's stand comes from the fact that it is also building a pipeline to Mangalore that will clash with GAIL's plans to connect Mangalore with the BDPL.
Gas transporters to face tough times ahead-VIII :H-Energy' to go ahead with Jaigarh LNG Terminal
Oct 08: H-Energy Gateway Private Limited's (HEGPL) upcoming onshore LNG re-gasification terminal at Jaigarh, (Ratnagiri district) in Maharashtra, is expected to commence operations from 2019.
8According to sources, the company is determined to go ahead with the terminal despite the present turmoil roiling the gas market globally.
8The nameplate capacity of HEGPL's -- which is an affiliate of Hiranandani Group`s energy arm, H-Energy -- LNG terminal is 8.0 MMTPA. In other words, the LNG terminal will be capable of supplying 29.0 mmscmd of re-gasified LNG in the downstream markets on a daily basis.
8The LNG terminal will be connected to two major trunk pipelines: the Dahej-Uran-Dabhol-Panvel pipeline and the Dabhol-Bangalore pipeline. These pipelines will be used to transport natural gas from Jaigarh LNG terminal to the downstream markets connected to the gas grid.
8The LNG terminal will be a tolling terminal in the country offering 100% of re-gasification capacity to third party users (open access). 
8In this model, the customers will reserve re-gasification capacity to unload, store and re-gasify the LNG procured from international suppliers. The terminal owner shall act as an infrastructure provider and would not have any interest in the commodity. The customers will have the flexibility to source LNG at competitive prices and terms from worldwide sources, and use the terminal infrastructure for re-gasification of LNG to meet their natural gas requirement
Gas transporters to face tough times ahead-IX: Such is the fear for GAIL
Oct 08: The entities who are likely to be most impacted by the recalibration of tariff for the Dabhol-Bangalore pipeline are anchor customers such as those in the fertilizer sector.
8The cut in tariff will benefit customers and even if they have their point of view on the usurious rates that were charged so far by pipeline operators, they have chosen not to join issue with the gas transporters in the ensuing debate over the determination of final tariff for the pipeline
8The reason for this is simple: customers do not want to take cudgels with monopoly suppliers such as GAIL for the gas major will then hit back at a later date.
8"There are many ways a supplier can harass you. They can cut off the gas without a reason, they can charge you higher on some pretext or other, or they can impose one sided take or pay positions; they can just about do anything," a GAIL customer in the fertilizer sector told this website.
8Such is the fear of retaliation from GAIL that no one is willing to speak on record on the high tariff rates that have been charged so far by the public sector gas major.
8Of course, for the fertilizer sector customer, the tariff cost is a pass through but the government is unwilling to allow a rate beyond a cut off point for claiming subsidy.
8This provides a compelling reason for end use customers in the fertilizer industry to join issue with GAIL but no one is willing to come forward and openly take a position against GAIL.
8Such is the fear that the gas transporter evokes amongst its customers.
RCFL invites tender supply of equipments and services 
Oct 08: Rashtriya Chemical and Fertilizer Ltd (RCF) is seeking the supply of the following equipments and services:
8Supply of Centrifugal pump:
8Civil Works for repair jobs of SSA, WSA and CNA Storage Tank area at RCF Trombay Factory.
8Supply of spares for Dozer
8Repair and maintenance of  LPG pipelines at RCF Thal unit 
8Supply of Submersible pumps 
8Overhauling, repair, calibration and testing of ID fan turbine PGD governor of Woodward make in Ammonia-V plant of RCF Trombay.
8Relocation of Instrumentation & control of 12KP006 IN HPNAP at RCF, Trombay unit.
8Complete Overhauling, Repairing & Balancing of center mechanism of Clarifloculator in ETP
8Supply of Cellulose cooling pad
8Supply of Bearing.
 Click on Report for more details
Plant maintenance project: RFQs likely to be released by February, 2016
Oct 08: There is a requirement for equipments and services for a maintenance of a big ammonia-urea fertilizer complex in India with RFQs to be released by February, 2016
8The projected investment cost is Rs 30 crore.
8The capacity of 3825 MTPD of ammonia,  5970 MTPD of  urea respectively.
 Following are the plant wise maintenance details:
8Ammonia plant maintenance
8Urea plant maintenance
8Captive power plant maintenance
8Effluence and Treatment Plant (ETP) maintenance
 Following services will be required during maintenance
8Mechanical maintenance
8Electrical maintenance
8Instrument maintenance
 Click on Details for Key contacts
Delay in restoring gas supply: Irate Nagarjuna shareholders urge management to go to court
Oct 07: The inordinate delay in the restoration of the pipeline network laid and being maintained by the Gas Authority of India Limited (GAIL), which has affected natural gas supply from ONGC, Tatipaka, to several industries, including Nagarjuna Fertilizers and Chemicals Limited (NFCL), has prompted some NFCL shareholders to suggest approaching the court for a remedy.
8According to an agreement signed by GAIL and NFCL, GAIL has to supply 3.2 million metric standard cubic meter per day (MMSCMD) gas to NFCL.
8However, the supply was reduced to 2.5 MMSCMD much before the pipeline blast at Nagaram on June 27 last year.
8Following the blast, GAIL completely stopped gas supply to NFCL for a brief period on grounds of checking the pipelines and it resumed the supply only to 2.5 MMSCMD. Following the blast, the GAIL has identified that of the 870-km pipeline network, there was an immediate need to replace 100 km of the pipeline, which affected gas supply to its clients including the NFCL. Against its capacity of producing 4,600 tones of urea a day, NFCL is now producing only 2,300 tonnes a day at its plant here.
Adani eyes Sindri fertilizer factory
Oct 07: The Adani Group, which has proposed to set up an urea plant in Jharkhand earlier this year, is planning to take over Sindri fertilizer plant through bidding. A delegation from the Gautam Adani-led conglomerate had taken up the issue during a meeting with representatives of the Jharkhand industry department late last month, sources in the department said.
8The group had also talked about the infrastructure overhaul plan it is working on for the now defunct facility to fit its purpose, department officials said.
8"The delegation told us they want to take over the Sindri plant. They have a plan in place for developing the facility if they are given to run it," deputy industry secretary D P Vidyarthi told the press "For that to happen, they will have to go through a bidding process which is to be organized by the Union ministry of chemicals and fertilizers," he added.
8In June this year, the group signed an MoU with the state government for setting up a urea plant at a net investment worth of Rs 20,000 crore. The conglomerate also sealed a deal for investments to the tune of another Rs 30,000 crore in harnessing coal-based substitute natural gas.
8Sources in the industry department said the bidding process for the facility is set to be opened by the union ministry anytime soon this year. "The (Adani) group is trying to save time by averting land acquisition process," a source in the department said.
8The proposed urea plant will need land to the excess of 3,000 acres. Adani group is still in the process of land identification. Though he remained tightlipped on the takeover possibilities, an Adani official said land identification process is underway in the Santhal Pargana. "It is the early stages and nothing has been finalized yet," the official said.
Rs 1550 crore investment to set up green field project of NPK
Oct 07: An existing company is planning to set up a greenfield NPK plant with capacity 3300 MTPD in India.
8The projected investment is around Rs. 1550 crore.
 Company also proposed to set up the following storage system
8Ammonia storage tank (1 x 10000 MT).
8Sulphuric acid storage tank (1 x 10000 MT).
8Phosphoric storage tank (1 x 10000 MT).
8MOP storage area of total capacity 36000 MT
 Following are the current highlights:
8The requirement of land is about 300 acre.
8Pre feasibility report is completed
8Proposal has submitted to the Ministry of Environment
 Following are the requirement of raw materials:
8Phosphoric acid: 400,000 MTPA
8Ammonia liquid: 220,000 MTPA
8MOP: 480,000 MTPA
8Company sources said that it take minimum 14 month to elicited environment clearance but RFQs for equipment and services will be floated earlier
 Click on Details and Report for Key contact and company details:
Gas price to remain muted in India over the next 12-18 months: No investment likely to tap offshore gas reserves
Oct 07: The government-mandated domestic natural gas price in India is likely to remain muted over the next 12-18 months.
8The price of gas is determined by the cost of gas at the major gas producing hubs around the world
8It is projected that Henry Hub natural gas prices for 2016 -- that sets the global trend in gas prices -- will be around  $3.00 - $3.25 per mmbtu in 2017.
8This means that prices will remain subdued not just around the world but also in India.
8Clearly, these gas prices are unlike to spur investments in producing discovered gas lying in reservoirs in India offshore blocks.
8The breakeven price for gas production in RIL's D-6 block is estimated at around $6.5 to $7/mmbtu, much higher than the prevailing price of gas.
8India will will continue to depend on imports to cater to incremental demand. Low international gas prices stimulate demand for natural gas and low domestic prices discourage further investments by upstream players to explore and develop new gas reserves.
8India's natural gas imports accounted for 36% of the total natural gas consumption in India for fiscal 2015 and 39% for the five months between 1 April and 30 August 2015.
  Click on the Reports for more
Time for everyone to get into the renewable sector-II: Prices can already compete with conventional power
Oct 07: That cost of generation of renewable energy is likely to fall further is evident from the long term contract prices on offer today.
8Massive advances in technology has made this possible
8According to the EIA, new onshore wind can be contracted today in a number of countries at Rs 3.60 to Rs 4.80/Kwh (assuming a dollar rate of Rs 60), with the best cases around Rs 3/Kwh USD 50/MWh (e.g. Brazil, Egypt, South Africa, some US states).
8Meanwhile, new utility-scale solar PV projects can be contracted at Rs 5 to Rs 6/Kwh with the best cases at USD Rs 3.60 to Rs 4.00/Kwh (e.g. United Arab Emirates, Jordan, South Africa, some US states).
8These rates are likely to fall going ahead.
8As technology costs have declined, financing conditions, which vary across countries and over time, play a more important role.
8And the lowest prices have emerged in countries with a combination of price competition for long-term contracts, good resources and financial de-risking measures and/or concessional financing.
8These conditions are not present in all markets, but they do indicate potential ahead for some countries to leapfrog to development based on more affordable clean power.
 Click on Report for more details

Oct 07: Time for everyone to get into the renewable sector-I: Costs are coming down rapidly  Details
Oct 06: Namrup fertilizer plant: New investor will have to work hard to get everything back on track  Details
Oct 06: New Sulphuric acid plant: RFQs likely to be released by October, 2015  Details
Oct 06: MFL explores moving gas via Krishnapatnam Port  Details
Oct 05: Gas price fall: Urea retention price to go down by Rs 1800-2000 per tonne  Details
Oct 05: Brazen disregard-I: GAIL appeals against Rs 20 lakh fine over KG Basin pipeline blast  Details
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