India to be a global hub of superior LED products
With the country's overall lighting market valued at Rs 100 billion currently, there is ample room for further growth in the LED segment, says Rakesh Zutshi, President, Electric Lamp and Component Manufacturers' Association of India (ELCOMA) & Managing Director, Halonix Technologies.
The biggest opportunity comes from government sector
We had started lighting division in 2004. Till then Havells had presence in switches, switch gear, wires and cables. Last year, our turnover in lighting was close to Rs.1000 crore, in which LED component is now more than 75 per cent.
Not in the race yet
India has embarked on an ambitious programme to add 9,000 MW of nuclear power capacity in the next few years, mostly riding on the new indigenously developed 700 MWe (mega watt electric) pressurised heavy water reactors (PHWRs) as part of its clean energy thrust.
Positive for coal, marginally negative for solar, wind
In terms of impact of GST on the power sector, it is a mixed bag with the effect being positive for some and marginally negative for others. The reduction in tax rate on domestic coal will provide a relief to coal based power plants in the cost of power generation even after accounting for an increase in capital cost (due to higher tax rates in boiler, turbine, generator segment).
NLC adopts new method of floating tenders
NLC, has adopted an innovative method of floating tenders for raising funds for a coal-based power project (3x660 MW) at Ghatampur (UP), which includes reverse auction mechanism, in order to secure the debt component.
Foreign shopping to widen market
Pumps are a common and important component in almost all industrial segments across the world. The most commonly and widely used pumps are the centrifugal pumps or the water pumps, of which the agricultural segment in India are the largest consumers
New solar projects may benefit from falling component prices
A sharp fall in solar module prices will help renewable energy producers, who have won solar projects at aggressive tariffs but are yet to procure equipment or start construction, leading to higher margins, according to company executives and analysts.
The Fuel that lost its Fizz
For the foreseeable future, we won´t be able to do without electricity. And however much we talk about promoting renewables, for all the right reasons, we shall continue to need a substantial component of our energy to come from thermal power, due to various technical factors, not the least of which is grid stability through 24 hours, seven days a week, and 365 days a year.