Press Releases

Wind power is likely to be sustainable at around Rs 2.9-3.0 per unit in fiscal 2019 because of reduction in payment and offtake risks, lower capital cost per generated unit, and conducive debt financing.

Capital expenditure (capex) by automobile original equipment manufacturers (OEMs), comprising commercial vehicles (CVs), passenger vehicles (PVs) and two-wheelers, is set to increase by 30% to ~Rs 58,000 crore over fiscals 2019 and 2020, compared with the preceding two fiscals.

The GST Council’s clarification that securitised assets are not liable to Goods and Services Tax (GST), and robust demand for non-priority sector lending (PSL) securitisation should bring back participants and support transaction volume after the deceleration seen last fiscal.

The recent amendments to the Insolvency and Bankruptcy Code (IBC) are an earnest attempt to address a number of issues faced in the ongoing stressed assets cases and will help reduce timelines, enhance transparency and improve realisations from their resolution.

Lenders to hybrid annuity model (HAM)-based highway projects are comfortably placed with debt levels in the safe zone and bidding not unduly aggressive, a CRISIL Ratings analysis shows. That should put to rest rising apprehensions on this score.