Authored by Shyam Sharma - CFO, O2 Power
Direct tax, indirect tax, manufacturing incentives in the Union Budget 2023-24 that can make a big difference to India's renewable energy industry and help achieve GoI's targets
#AnnualBudget, #Budget2023-24, #UnionBudget2023-24, #UnionBudget,#RenewableEnergyBudget, #RenewableEnergyIndustry, #REBudget
Authored by Shyam Sharma, CFO – O2 Power
Overall, Union Budget 2022-23 is, for all practical purposes, the Part II of last year’s budget! With further focus on higher growth, increased capital expenditure on infrastructure development..
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Authored by Shyam Sharma, CFO – O2 Power
The Government of India (GoI) has set very ambitious target of commissioning 500 GW of renewable energy capacity by the year 2030. To achieve this target, it should follow up with commensurate impetus...
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Authored by Shyam Sharma, CFO - O2 Power
Currently, the most discussed topic within the financing fraternity globally is the transition from London Interbank Offer Rate (LIBOR) to a risk-free rate (RFR) before June 30, 2023. This is also a hotly debated subject in India between our borrowers and banks.
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Authored by Parag Sharma – Founder and CEO at O2 Power Vinamra Singh – Manager, CEO Cell at O2 Power
Government of India (GoI) has set a target of installing 175 GW of renewable energy capacity by the year 2022. This includes 100 GW from solar, 60 GW from wind, and over all 450 GW by 2030. If you ask me, these are some very ambitious targets.
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Authored by Atul Pachauri, Head - O&M O2 Power
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Authored by Shyam Sharma, CFO
To promote Government of India’s (GOI) Atmanirbhar Bharat / Made in India mission, the Finance Ministry had introduced lower corporate tax rate of 15% (effective rate 17.16%), by introduction of Section 115BAB in Income Tax
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Authored by Amresh Mahajan, Head – Tech QA & EHS at O2 Power
If we are not able to take care of our environment, the environment will not take care of us”.</em> This has become a tag line in renewable sector across the world.
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India’s GDP has been growing at around 6%-8% in the past two decades. Depending on the growth rate, Indian grid should be absorbing 20-25 GW of renewable energy capacity every year.
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Authored by Shyam Sharma – CFO at O2 Power
Directionally it’s a growth-oriented budget providing focus on capital expenditure to revive economy and sustainable high-level GDP growth.
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Authored by Shyam Sharma – CFO at O2 Power
Government of India (GoI) has set very ambitious target of commissioning 175 GW of renewable energy capacity by the year 2022. This includes 100 GW from solar, 60 GW from wind.
Read More