Public Sector Indian Renewable Energy Development Agency (IREDA) under Ministry of New and Renewable Energy reported an all-time high annual Profit Before Tax (PBT) of 570 crore rupees in the financial year 2020-21 that was severely affected by Covid 19 Pandemic. The PBT of the company was Rs. 241 crores during FY 2019-20. The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%.
The Board of Directors of IREDA approved the Audited Financial Results for Financial Year 2020-21 in a meeting held today while lauding the company’s all-round improvement under challenging conditions.
The Loan Book of IREDA, a NBFC, has grown from Rs. 23,548 as on 31st March 2020 to Rs. 27,854 crores as on 31st March 2021. The loan disbursement of Rs. 8827 crore is the second highest in the company’s history. The net-worth of the company as on 31st March 2021 has reached Rs. 2995 crores as against Rs. 2521 crores on 31st March 2020.
The annual financial highlights for the FY 2020-21 as against FY 2019-20 are as follows:
Profit Before Tax- Rs. 570 crores as against Rs. 241 crores, up by 136% (All-time high)
Profit After Tax- Rs. 346 crores as against Rs. 215 crores (up by 61%)
Loan Disbursement- Rs. 8827 crores as against Rs. 8785 crores, (2nd highest ever)
Loan Book- Rs. 27854 crores as against Rs. 23548 crores, (Annual growth: 2nd highest ever)
Net-worth- Rs. 2995 crore as against Rs. 2521 crore, (up by 19%)
Net NPA reduction- 5.61% as against 7.18% (reduction by 22%)
On this occasion, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA said that the remarkable achievements of FY 2020-21 would not have been possible without Govt. of India’s active support and guidance. He conveyed his sincere gratitude to Shri R K Singh, Hon’ble Union Minister of Power, New and Renewable Energy for his continuous guidance and facilitation. Shri Das also placed on record the gratitude of the company for the abiding support received from Secretary, MNRE, Board of Directors and Senior Officials of MNRE. The CMD lauded the dedicated team of employees of IREDA for their commitment and efforts that made the high level of results possible.
According to the National Weather Forecasting Centre of the India Meteorological Department (IMD):
All India Weather Warning Bulletin (MID-DAY)
(Sunday, 30 May 2021 Time of Issue: 1415 hours IST)
30 May (Day 1): ♦ Thunderstorm with lightning & gusty winds (speed reaching 40-50 kmph) very likely at isolated places over Haryana, Chandigarh & Delhi; with lightning & gusty winds (speed reaching 30-40 kmph) at isolated places over Uttarakhand, north Punjab, East Rajasthan, Bihar, Jharkhand, West Bengal & Sikkim, Odisha, Andaman & Nicobar Islands, Madhya Maharashtra, Marathwada, Konkan & Goa, Telangana and Kerala & Mahe
and with lightning at isolated places over Himachal Pradesh, Madhya Pradesh, Vidarbha, Chhattisgarh, Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur, Mizoram & Tripura, Coastal Andhra Pradesh & Yanam, Rayalaseema, Karnataka, Tamil Nadu, Puducherry & Karaikal and Lakshadweep.
Thunderstorm/Duststorm with lightning & gusty winds (speed reaching 30-40 kmph) very likely at isolated places over West Rajasthan.
Heat Wave conditions very likely in isolated pockets over West Rajasthan.
Heavy Rainfall at isolated places very likely over Bihar, Sub-Himalayan West Bengal & Sikkim, Assam & Meghalaya and Kerala & Mahe.
Squally Weather (wind speed 40-50 kmph) very likely over Eastcentral & Southwest Arabian Sea,
Comorin area and Southeast
Arabian Sea off Kerala coast. Fishermen are advised not to venture into these areas.
31 May (Day 2): ♦ Thunderstorm with lightning & gusty winds (speed reaching 40-50 kmph) very likely at isolated places over Punjab and Haryana, Chandigarh & Delhi; with lightning & gusty winds (speed reaching 30-40 kmph) at isolated places over Uttarakhand, Uttar Pradesh, East Rajasthan, Bihar, Jharkhand,
West Bengal & Sikkim, Madhya Maharashtra, Marathwada, Konkan & Goa, Telangana and Kerala & Mahe
and with lightning at isolated places over Himachal Pradesh, East Madhya Pradesh, Vidarbha, Chhattisgarh, Odisha, Andaman & Nicobar Islands, Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur, Mizoram & Tripura, Coastal Andhra Pradesh & Yanam, Rayalaseema, Karnataka,
Tamil Nadu, Puducherry & Karaikal and Lakshadweep.
Thunderstorm/Duststorm with lightning & gusty winds (speed reaching 30-40 kmph) very likely
at isolated places over West Rajasthan.
Heavy to Very Heavy Rainfall at isolated places very likely over Assam & Meghalaya and
Heavy Rainfall at isolated places over Sub-Himalayan
West Bengal & Sikkim, Arunachal Pradesh and Kerala & Mahe.
Squally Weather (wind speed 40-50 kmph) very likely over Eastcentral, Northwest, Southwest Arabian Sea, Comorin area and Southeast
Arabian Sea off Kerala coast. Fishermen are advised not to venture into these areas.
01 June (Day 3): ♦ Thunderstorm with lightning & gusty winds (speed reaching 40-50 kmph) very likely at isolated places over Punjab and Haryana, Chandigarh & Delhi; with lightning & gusty winds (speed reaching 30-40 kmph) at isolated places over Uttarakhand, Uttar Pradesh, East Rajasthan, Jharkhand, Sub-Himalayan West Bengal & Sikkim, Madhya Maharashtra, Marathwada, Telangana and Kerala & Mahe and with lightning at isolated places over Himachal Pradesh, East Madhya Pradesh, Chhattisgarh, Bihar, Gangetic West Bengal, Odisha, Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur, Mizoram & Tripura, Coastal Andhra Pradesh & Yanam, Rayalaseema, Karnataka,
Tamil Nadu, Puducherry & Karaikal and Lakshadweep.
Thunderstorm/Duststorm with lightning & gusty winds (speed reaching 30-40 kmph) very likely at isolated places over West Rajasthan.
Heavy to Very Heavy Rainfall at isolated places very likely over Assam & Meghalaya and Heavy Rainfall
at isolated places over Uttarakhand, Sub- Himalayan West Bengal & Sikkim, Arunachal Pradesh,
Nagaland, Manipur, Mizoram & Tripura, Coastal Karnataka and Kerala & Mahe.
Squally Weather (wind speed 40-50 kmph) very likely over Northwest & Southwest Arabian Sea. Fishermen are advised not to venture into these areas.
02 June (Day 4): ♦Thunderstorm with lightning & gusty winds (speed reaching 30-40 kmph) likely at isolated places over Uttar Pradesh, East Rajasthan, Jharkhand, Gangetic West Bengal, Telangana and Kerala & Mahe and with lightning at isolated places over Himachal Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, Sub-Himalayan West Bengal & Sikkim, Odisha, Assam & Meghalaya, Madhya Maharashtra, Marathwada, Coastal Andhra Pradesh & Yanam, Rayalaseema, Karnataka, Tamil Nadu, Puducherry & Karaikal and Lakshadweep.
Thunderstorm/Duststorm with lightning & gusty winds (speed reaching 30-40 kmph) likely at isolated places over West Rajasthan.
Heavy Rainfall at isolated places likely over Assam & Meghalaya, Coastal & South Interior Karnataka and Kerala & Mahe.
Squally Weather (wind speed 40-50 kmph) likely over Northwest & Southwest Arabian Sea. Fishermen are advised not to venture into these areas.
03 June (Day 5): ♦ Thunderstorm with lightning & gusty wind (speed reaching 30-40 kmph) likely at isolated places over East Rajasthan, Jharkhand, Telangana and Kerala & Mahe and with lightning at isolated places over Madhya Pradesh,
On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy,Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme as under:
(i) ECLGS 4.0:100% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen generation plants, interest rate capped at 7.5%;
(ii) Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ECLGS 1.0 of overall tenure of four years comprising of repayment of interest only during the first 12 months withrepayment of principal and interest in 36 months thereafter will now be able to avail a tenure of five years for their ECLGS loan i.e. repayment of interest only for the first 24 months with repayment of principal and interest in 36 months thereafter;
(iii) Additional ECLGS assistance of upto 10% of the outstanding as on February 29, 2020 to borrowers covered under ECLGS 1.0, in tandem with restructuring as per RBI guidelines of May 05, 2021;
(iv) Current ceiling of Rs. 500 Cr. of loan outstanding for eligibility under ECLGS 3.0 to be removed, subject to maximum additional ECLGS assistance to each borrower being limited to 40% or Rs.200 crore, whichever is lower;
(v) Civil Aviation sector to be eligible under ECLGS 3.0
(vi) Validity of ECLGS extended to 30.09.2021 or till guarantees for an amount of Rs.3 lakh crore are issued.Disbursement under the scheme permittedup to31.12.2021.
The modifications in ECLGS,would enhance the utility and impact of ECLGS by providing additional support to MSMEs, safeguarding livelihoods and helping in seamless resumption of business activity. These changes will further facilitate flow of institutional credit at reasonable terms.
Detailed operational guidelines in this regardare beingseparately issued by the National Credit Guarantee Trustee Company (NCGTC).
The partners of the Hamburg Green Hydrogen Hub, namely Shell, Mitsubishi Heavy Industries (MHI), Vattenfall and the municipal company Warme Hamburg can continue to be optimistic about receiving EU funding to implement their plans. The project in Hamburg has been included in the German Federal Ministry of Economics’ shortlist of projects under consideration for funding under the EU’s “Important Projects of Common European Interest” (IPCEI) program.
The shortlist includes 62 projects from initially around 200 individual projects that applied for funding under the IPCEI program. The HH-WIN project, by the Hamburg gas network, which will provide the pipeline infrastructure for hydrogen transport in Hamburg, is also on the short list.
The companies Shell, Mitsubishi Heavy Industries (MHI), Vattenfall and municipal company Warme Hamburg are planning how they can jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity. In addition to the construction of a scalable electrolyser with an initial output of 100 megawatts, the further development of the site into a so-called “Green Energy Hub” is planned. This includes the exploration of the extent to which the existing infrastructure of the Moorburg location can be used for the production of energy from renewable sources. In this context, concepts for the necessary logistics chains and storage options for hydrogen will also be considered. Subject to final investment decision and according to the current state of planning, once the site has been cleared, the production of green hydrogen is anticipated in the course of 2025 – making the electrolyser one of the largest plants in Europe.
The four partner companies view the energy location as having ideal conditions for further use. It is connected to both the national 380,000 volt transmission network and the 110,000 volt network of the City of Hamburg. In addition, overseas ships can call at the location directly and use the quay and port facilities as an import terminal. The municipal gas network company also intends to expand a hydrogen network in the port within ten years and is already working on the necessary distribution infrastructure. Numerous potential customers for green hydrogen are located near the site, thus enabling the project to cover the entire hydrogen value chain – from generation to storage, transport and utilization in various sectors. With these prerequisites, the Moorburg location is optimal for the German federal state of the Free and Hanseatic City of Hamburg and Northern Germany and can become a potential starting point for the development of a hydrogen economy.
The next step is a so-called “matchmaking” at EU level, which aims to bring together projects with a similar focus in the various EU Member States.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (May 31) launched a number of new services to expand the functions of the Food Trader Portal (FTP), allowing traders to apply for import permission for eggs; report the arrival of food consignments of eggs, meat, poultry and game as well as consignments of other food types imported by air; and handle matters concerning the release of the consignments online.
A CFS spokesperson said, “The CFS has been rolling out different online services at the FTP in phases since December 2019. Together with the new services launched today, the service scope of the FTP at present covers trader registration and renewal, applications for all import licenses and import permissions issued by the CFS, and handling of the arrival reporting and release of consignments of eggs, meat, poultry, game, milk and frozen confections and consignments imported by air containing other food types.”
In tandem with the roll-out of the new online services, the CFS has implemented a series of enhancement measures, including rearranging the format of the import permission and its application form to clearly set out the name of the issuing entity of the country/place of origin and types of the eggs to be imported, along with detailed import conditions, including the documents required and contact information of the relevant CFS offices.
The spokesperson said, “If reporting of consignment arrival is required, importers may submit the report online through the FTP. After receiving the report, the FTP will, according to the specific operational flow based on food type and mode of transport, issue instructions or notices to the importers for completion of the consignment release procedures. As most of the food consignment information has been provided through the FTP in advance, the time spent on consignment release at the border food control offices of the CFS can be shortened.”
The spokesperson added, “Importers can continue to submit various applications and report arrival of consignments on paper having regard to their operational needs. The CFS has provided a new unified paper form for reporting consignment arrival to the food control offices at sea, land and air borders. For importers who wish to enjoy various kinds of online services at the FTP, they should actively consider opening their user accounts as soon as practicable.”
To enable food traders to know more about the operation of the FTP and the above new measures, the CFS held an online briefing on May 3, followed by a number of training workshops to provide hands-on experience in operating the FTP for food traders. Presentation notes, training manuals and frequently asked questions on the new measures were also produced and posted on the website for traders’ reference.
For more details, please visit the FTP at www.ftp.cfs.gov.hk.
