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Deepak Nitrite's phenolics rebound lifts Q4 EBITDA 74%
Deepak Nitrite reported Q4 EBITDA of Rs 383 crore.
That was up 74% sequentially.
EBITDA margin improved to 18%.
The company’s integrated polycarbonate project remains on track.
For more such stories, go to www.indianpetrochem.com
Power Grid Corporation of India Limited has crossed a major infrastructure milestone.
The company’s gross fixed assets have exceeded Rs. 3 lakh crore.
Net fixed assets stand at around Rs. 2.75 lakh crore.
The disclosure was made at POWERGRID’s institutional investors meet.
This confirms POWERGRID’s position as one of India’s largest infrastructure companies by asset base.
Transmission backbone
POWERGRID remains India’s dominant inter-state transmission utility.
Its asset base reflects decades of investment in the national grid.
The company has built the backbone that enables large-scale power transfer across regions.
This role is becoming more important as renewable generation grows in remote resource-rich states.
Project pipeline
Management highlighted a forward capital expenditure pipeline of about Rs. 1.7 lakh crore.
This pipeline is primarily linked to renewable energy evacuation corridors.
It also includes green energy transmission schemes.
The projects are expected to move under both tariff-based competitive bidding and regulated tariff mechanisms.
Renewable evacuation
The pipeline is strategically important for India’s clean-energy transition.
Solar and wind capacity is concentrated in states such as Rajasthan, Gujarat, Tamil Nadu and Andhra Pradesh.
Power from these regions must be transported to demand centres.
Transmission corridors are therefore essential for converting renewable capacity into usable electricity.
FY26 additions
During the year, POWERGRID added 4,765 circuit kilometres of transmission lines.
It also added 72,055 MVA of transformation capacity.
These additions strengthen the grid’s ability to handle higher inter-regional flows.
They also improve the system’s ability to manage renewable variability.
Grid stress context
The asset additions matter because India’s demand is scaling rapidly.
The national peak of 2,56,117 MW was recorded on April 25, 2026.
High demand periods stress both generation and transmission systems.
POWERGRID’s recent additions helped strengthen the network during such operating conditions.
ISTS charge link
The national transmission system also supports large monthly ISTS billing.
NLDC notified Rs. 3,962 crore in ISTS charges for the April 2026 billing period.
This covered 109 licensees.
The scale of billing shows the financial size of India’s inter-state transmission system.
Investor relevance
For investors, the Rs. 3 lakh crore gross fixed asset base is a major marker.
POWERGRID operates under a regulated cost-of-service tariff model.
This means the asset base directly supports tariff recovery.
It also supports earnings visibility and dividend capacity.
Funding need
The Rs. 1.7 lakh crore pipeline will require substantial financing.
Internal accruals will help.
But external debt and capital-market access will remain important.
Bond and equity investors will track POWERGRID’s leverage and funding profile as the pipeline accelerates.
Competitive dynamics
POWERGRID will also face competition in the TBCB segment.
Private transmission developers are increasingly participating in green corridor bids.
This means POWERGRID’s future growth will depend on both regulated projects and competitive wins.
Execution capability and financing strength will remain key advantages.
Strategic message
POWERGRID’s Rs. 3 lakh crore GFA milestone confirms the scale of India’s transmission backbone.
The Rs. 1.7 lakh crore project pipeline shows the next phase of growth will be driven by renewable evacuation and green grid infrastructure.
The key watchpoints are project award pace, funding strategy, TBCB competition, execution timelines, leverage management and how quickly new transmission capacity supports India’s renewable buildout.
For more such stories, go to www.energylineindia.com
IOCL’s Panipat Naphtha Cracker NDT tender looks small on value but big on shutdown risk
IOCL has issued a GeM tender for shutdown-related NDT and thickness survey work at Panipat Naphtha Cracker.
The contract value is Rs 46.52 lakh.
The contractor must maintain standby machines, certified manpower and rapid mobilisation capability.
The contract period is two years.
For more such stories, go to www.indianpetrochem.com
The Delhi Electricity Regulatory Commission has scheduled a public hearing on FY 2023-24 True-Up petitions.
The hearing will be held on June 5, 2026.
It will begin at 11:30 AM.
The hearing will be conducted in hybrid mode.
Stakeholders can participate physically or virtually.
Utilities covered
The hearing covers petitions filed by four Delhi power utilities.
These are Indraprastha Power Generation Company Limited.
Pragati Power Corporation Limited is also included.
New Delhi Municipal Council has filed its own petition.
Tata Power Delhi Distribution Limited is also part of the proceedings.
Registration deadline
Stakeholders must register before the hearing.
The registration deadline is June 2, 2026.
The deadline time is 5:00 PM.
Participants must register through [email protected].
This applies to both virtual and physical participation.
Why True-Up matters
True-Up proceedings reconcile actual audited costs with previously approved regulatory costs.
If actual costs are higher, utilities may seek recovery through future tariffs.
If approved costs are lower, consumers may receive adjustments or reduced burden.
This makes True-Up orders important for future electricity tariffs.
Delhi consumer impact
Delhi’s domestic, commercial, institutional, and industrial consumers are the final stakeholders.
Approved True-Up gaps can affect future bills.
The process also determines how power-purchase costs, fixed costs, and distribution performance are treated.
Consumer groups and RWAs may therefore closely examine the petitions.
Tata Power-DDL petition
Tata Power-DDL has disclosed a FY 2023-24 revenue gap of Rs. 312.46 crore.
Its aggregate revenue requirement is Rs. 1,779.72 crore.
The utility has also reported performance against its distribution-loss target.
The Commission will examine whether the claimed revenue gap is prudent and recoverable.
Generation utilities
IPGCL and PPCL have filed claims related to their generation stations.
These include annual fixed-cost claims for gas-based assets.
Gas-based generation has become more relevant for grid balancing.
However, fuel cost, plant availability, and fixed-cost recovery remain important regulatory issues.
NDMC petition
NDMC has submitted its own True-Up petition.
Its claim reflects power-purchase costs and supply obligations in its licence area.
NDMC consumers include institutional, commercial, government, and residential users.
The Commission will examine procurement prudence and cost recovery.
Regulatory scrutiny
DERC will review each petition before issuing final True-Up orders.
The review will cover audited accounts, power-purchase costs, revenue recovery, loss levels, and prudence of expenditure.
Stakeholder comments can influence how the Commission treats disputed claims.
This makes the June 5 hearing a key accountability checkpoint.
Strategic message
DERC’s June 5 public hearing is an important step in Delhi’s tariff-setting process.
The True-Up petitions of IPGCL, PPCL, NDMC, and Tata Power-DDL will shape future cost recovery.
Consumers and utilities both have direct stakes in the outcome.
The key watchpoints are stakeholder objections, prudence review of power-purchase costs, treatment of Tata Power-DDL’s Rs. 312.46 crore gap, and final True-Up orders.
For more such stories, go to www.energylineindia.com
Navin’s Dahej MPP debottlenecking is tied to a global innovator molecule
Navin Fluorine’s Dahej MPP debottlenecking project is linked to a new molecule for a global innovator.
The capex is Rs 75 crore, funded through internal accruals.
Commissioning is targeted by Q3 FY27.
Peak revenue potential is Rs 140–160 crore per annum.
For more such stories, go to www.indianpetrochem.com
The Uttar Pradesh Electricity Regulatory Commission has begun hearing UPPCL’s major thermal power procurement petition.
The matter is Petition No. 2338 of 2026.
UPPCL is seeking approval to procure 4,000 MW of thermal power capacity.
The capacity will come from new projects.
The procurement is proposed under the DBFOO model.
The tenure will be 25 years.
Procurement structure
DBFOO stands for Design, Build, Finance, Own and Operate.
Under this structure, the developer builds and operates the project.
UPPCL commits to long-term power purchase under a PPA.
Fuel is proposed to be sourced through the SHAKTI Policy B(iv) route.
This gives the procurement a structured coal-linkage framework.
Why this matters
Uttar Pradesh is India’s most populous state.
It is also one of the country’s largest electricity consumers.
The state has historically faced peak supply pressure.
A 4,000 MW thermal procurement would provide dedicated baseload capacity.
This is important as demand rises and renewable energy creates larger balancing needs.
Long-term commitment
The proposed 25-year tenure is significant.
It gives developers long-term revenue visibility.
It also locks UPPCL into a long-term tariff framework.
This can improve supply security but also creates a multi-decade cost obligation.
The regulator will therefore examine consumer interest carefully.
Interventions filed
JSW Energy has filed an intervention.
Lalitpur Power Generation Company Limited has also filed an intervention.
Both have raised objections to key bid conditions.
Their participation shows that the proposed procurement has sector-wide importance.
Key objections
The objections relate to three major bid conditions.
The first is the restriction to new projects only.
The second is the mandated 800 MW unit size.
The third is the 2,400 MW cap per bidder.
These conditions could affect the number of eligible bidders and the final tariff discovered.
New-project restriction
The restriction to new projects excludes existing plants or expansion opportunities.
Interveners may argue that existing or expansion-ready capacity could deliver power faster.
They may also argue that excluding such options reduces competition.
UPERC will need to assess whether UPPCL’s new-project-only condition is justified.
800 MW unit size
The mandatory 800 MW unit size is another important issue.
Large supercritical units can provide efficiency benefits.
However, this requirement may limit bidder participation.
Not all developers have access to projects that match this exact configuration.
The Commission will examine whether this condition supports efficiency or restricts competition.
2,400 MW bidder cap
The 2,400 MW cap per bidder is also under scrutiny.
Such a cap can prevent concentration of supply with one developer.
But it may also restrict scale benefits for large players.
The Commission will need to balance competition, supply security, and tariff efficiency.
Strategic message
UPPCL’s 4,000 MW DBFOO thermal procurement is one of India’s largest state-level baseload capacity initiatives in recent years.
The case will test how regulators balance long-term supply security, competitive bidding design, developer eligibility, and consumer tariff protection.
UPERC’s decision on JSW Energy and Lalitpur Power’s objections could shape future thermal procurement structures across other states.
For more such stories, go to www.energylineindia.com
Neogen Ionics revises battery-chemicals project cost and timelines
Neogen Chemicals has updated the project cost and timeline for Neogen Ionics.
Dahej Phase 1 now has a projected total cost of Rs 428 crore.
The revised project timeline is February 2027.
The reason given is design optimisation after changeover from in-house to Japanese technology.
For more such stories, go to www.indianpetrochem.com
The Central Electricity Regulatory Commission has upgraded Greenko Energies Private Limited’s inter-state electricity trading licence.
The licence has been upgraded from Category III to Category I.
The order was issued on May 14, 2026.
It was passed in Petition No. 136/TD/2026.
With this upgrade, Greenko Energies can now trade up to 7,000 MU of electricity annually.
Licence background
Greenko’s trading licence has a long regulatory history.
The original licence was granted on January 22, 2008.
At that time, the company was known as Sri Balaji Biomass Power Private Limited.
The licence later moved through regulatory category changes under CERC’s trading licence regulations.
It was upgraded to Category III in 2021.
The latest order takes it to the highest trading category.
Category I significance
Category I is the top category under CERC’s trading licence framework.
It allows trading of 7,000 MU to 10,000 MU of electricity per year.
This gives Greenko a much larger market participation capacity.
It also allows the company to scale trading activities across the inter-state electricity market.
Greenko’s rationale
Greenko sought the upgrade because it expects higher power trading volumes.
The company cited growth in power markets.
It also referred to competitive dynamics on power exchanges.
It expects larger trading opportunities as renewable energy, storage, and market-based procurement expand.
The upgrade gives Greenko the regulatory headroom to participate at scale.
Net worth position
CERC examined Greenko’s audited balance sheet as of January 31, 2026.
The company’s net worth stood at Rs. 4,81,805.41 lakh.
This is around Rs. 4,818 crore.
The minimum net worth required for a Category I trading licence is Rs. 50 crore.
Greenko’s net worth was therefore far above the regulatory threshold.
Liquidity ratio relaxation
CERC noted that Greenko’s current ratio and liquidity ratio were below the required 1:1 level.
The current ratio stood at 0.04.
The liquidity ratio stood at 0.03.
However, the Commission relaxed these requirements under Regulation 23 of the 2020 Trading Licence Regulations.
It relied on Greenko’s very strong net worth position and past precedents.
Additional net worth condition
Greenko will need to maintain additional net worth.
This will be equal to 100% of the net worth stipulated for Category I licensees.
The requirement will be endorsed on the existing trading licence document.
This ensures that the company continues to maintain adequate financial strength while operating at a higher trading scale.
Power market impact
The order is important for India’s green power trading ecosystem.
Greenko is a major renewable energy and storage platform.
It has large wind, solar, and pumped storage interests.
With Category I trading authority, it can play a bigger role in inter-state renewable power transactions.
Renewable integration
As renewable energy penetration rises, trading companies can help balance surplus and deficit states.
Greenko’s larger trading licence can support cross-state renewable dispatch.
It can also help optimise market-based sale of renewable and storage-backed power.
This is especially relevant as India moves toward round-the-clock renewable energy and firm dispatchable renewable energy contracts.
Strategic message
CERC’s upgrade of Greenko Energies to Category I trading status is a significant regulatory development.
It gives Greenko authority to trade up to 7,000 MU annually.
The decision also reflects growing confidence in renewable-focused trading platforms.
As India’s power market deepens, companies with renewable assets, storage capacity, and trading licences will become increasingly important in grid balancing and clean power procurement.
For more such stories, go to www.energylineindia.com
Meghmani’s export-heavy crop protection business leans toward Brazil
Meghmani Organics’ investor presentation shows that crop protection remains central to the company’s business mix.
Crop protection generated Rs 1,631 crore revenue from operations in FY26 and accounted for 78% of total revenue mix.
Meghmani states that 87% of crop protection revenue comes from exports.
The company is setting up a subsidiary in Brazil to improve market reach.
For more such stories, go to www.indianpetrochem.com
Balaji Amines’ speciality chemicals segment carries FY26 performance
Balaji Amines’ FY26 segment data shows that the Amines & Speciality Chemicals business remains the core driver of the company’s performance.
For FY26, the segment reported profit before tax of Rs 22,007.51 lakh, compared with Rs 20,275.13 lakh in FY25.
FY26 revenue from Amines & Speciality Chemicals stood at Rs 23,786.07 lakh, compared with Rs 21,691.75 lakh in FY25.
The hotel division remains much smaller.
The safe reading is that the core chemicals segment delivered higher revenue and PBT in FY26.
For more such stories, go to www.indianpetrochem.com
The Chhattisgarh State Electricity Regulatory Commission has released draft generic levelised tariffs for renewable energy projects commissioned in FY 2026-27.
Solar photovoltaic projects in the 0.5 MW to 2 MW range have been pegged at Rs. 3.40 per kWh.
Mini and micro hydro projects up to 2 MW have been pegged at Rs. 8.18 per kWh.
Small hydro projects in the 5 MW to 10 MW range have been pegged at Rs. 7.87 per kWh.
Stakeholders may submit comments till June 5, 2026.
Solar tariff
The Rs. 3.40 per kWh tariff applies to small solar PV projects.
This tariff is higher than the rates discovered in large utility-scale solar auctions.
The premium reflects the higher per-unit cost of smaller project sizes.
It also reflects distribution-level grid integration expenses, smaller developer financing costs, and project development overheads.
Small hydro tariff
Mini and micro hydro projects up to 2 MW have been assigned the highest tariff among the listed categories.
The tariff is Rs. 8.18 per kWh.
Small hydro projects between 5 MW and 10 MW have a slightly lower tariff of Rs. 7.87 per kWh.
The difference reflects scale benefits in larger hydro projects.
Other renewable categories
Non-fossil fuel co-generation has been assigned fixed charges of Rs. 4.55 per kWh.
Biogas-based projects carry fixed charges of Rs. 4.90 per kWh.
These tariffs provide price visibility for smaller renewable developers.
They also help DISCOMs plan procurement under Renewable Purchase Obligation requirements.
Capital cost benchmarks
CSERC has also indicated capital cost benchmarks.
Solar PV projects have been benchmarked at Rs. 3.5 crore per MW.
Biogas-based projects have a much higher capital cost benchmark of Rs. 13.54 crore per MW.
The difference reflects technology intensity, equipment cost, civil works, and operating complexity.
Regulatory significance
Generic tariff orders are important for decentralised renewable energy projects.
Many small projects are below the scale where competitive bidding is practical.
A generic tariff gives developers and lenders a clear price signal.
It also allows state utilities to procure renewable power without running separate tenders for every small project.
Chhattisgarh context
Chhattisgarh has renewable potential across solar, small hydro, biomass, and co-generation.
Small hydro is especially relevant in forested and riverine regions.
Solar projects can support local supply near distribution networks.
Biogas and co-generation can use local agricultural and industrial residues.
DISCOM impact
The tariff order will affect Chhattisgarh State Power Distribution Company’s renewable procurement planning.
The DISCOM will need to balance Renewable Purchase Obligation compliance with consumer tariff impact.
Higher-cost small hydro and biogas projects may support local energy security.
However, they will also need to be assessed against affordability and system benefits.
Developer impact
For small renewable developers, the draft tariff provides a basis for project financing.
Banks and lenders can use the tariff to assess debt serviceability.
Developers may still seek changes during the comment process.
Likely areas of representation include capital cost assumptions, discount rates, operating expenses, and grid-related charges.
Next steps
Stakeholders have until June 5, 2026 to submit comments.
CSERC will review submissions from DISCOMs, developers, industry associations, equipment suppliers, and consumer groups.
The final tariff order is expected after the consultation process.
It will govern eligible renewable projects commissioned during FY 2026-27.
Strategic message
CSERC’s draft RE tariff order creates a structured pricing framework for Chhattisgarh’s small renewable energy market.
Solar at Rs. 3.40 per kWh provides a workable tariff for distributed PV projects.
Small hydro at up to Rs. 8.18 per kWh recognises the higher cost of site-specific hydro development.
The final order will be important for decentralised renewable procurement, RPO compliance, and investor confidence in the state’s clean energy market.
For more such stories, go to www.energylineindia.com
Ester Industries’ FY26 call may clarify polyester films, polymers and rPET roadmap
Ester Industries has scheduled its Q4 and FY26 earnings call for May 15, 2026, at 4 PM IST.
The call will discuss financial performance, strategy and outlook for the quarter and full year ended March 31, 2026.
The disclosure does not contain financial results or operating commentary, so the story should not be treated as an earnings analysis.
Ester describes itself as a manufacturer of polyester films, specialty polymers and rPET in India.
The company also highlights 18-plus granted patents and a joint venture with Loop Industries Inc. to promote circular economy.
For more such stories, go to www.indianpetrochem.com
The Haryana Electricity Regulatory Commission has admitted SJVN Limited’s tariff adoption petition for a major standalone battery storage project.
The petition is Petition No. 28 of 2026.
It has been filed with Interlocutory Application No. 16 of 2026.
The filing has been made under Section 63 of the Electricity Act, 2003.
The project is a 250 MW / 500 MWh standalone Battery Energy Storage System in Haryana.
Hearing schedule
HERC admitted the petition on May 11, 2026.
The Commission fixed the next hearing for May 14, 2026 at 11:30 AM.
Uttar Haryana Bijli Vitran Nigam Limited has been named as the principal respondent.
The hearing will examine adoption of tariff discovered through competitive bidding.
If adopted, the tariff will become the basis for the storage procurement arrangement.
Project configuration
The proposed BESS has a power capacity of 250 MW.
It has an energy storage capacity of 500 MWh.
This implies a two-hour discharge duration.
Such a configuration is commonly used for evening peak shifting.
The system can charge during lower-cost solar hours and discharge during peak demand periods.
Haryana storage need
Haryana faces rising evening demand pressure.
Peak demand has repeatedly touched high levels.
The state also needs flexible capacity to balance renewable procurement.
Standalone BESS can help shift surplus renewable energy from midday to evening.
It can also reduce dependence on costly real-time market purchases during peak hours.
Market price context
Battery storage is becoming more important because exchange prices have shown sharp evening volatility.
Real-Time Market prices have touched the Rs. 10,000/MWh cap during multiple evening hours.
This makes storage economically relevant for DISCOMs.
A two-hour battery can reduce exposure to the most expensive peak blocks.
SJVN diversification
SJVN has traditionally been associated with hydropower.
Its project base includes hydro assets across Himachal Pradesh, Uttarakhand, and the eastern Himalayan region.
The Haryana BESS petition shows the company’s shift into renewable and storage-linked infrastructure.
This diversification is important as storage becomes central to India’s grid planning.
Tariff adoption route
The petition has been filed under Section 63.
This means HERC will not determine tariff on a cost-plus basis.
Instead, it will examine whether the bidding process was transparent and competitive.
If satisfied, the Commission can adopt the discovered tariff.
This route provides regulatory certainty for both the developer and the procuring utility.
DISCOM impact
UHBVNL and DHBVN could benefit from firm storage-backed capacity.
Once tariff is adopted, UHBVNL may need to enter into a Battery Energy Storage Purchase Agreement.
The storage system can support evening supply reliability.
It can also help improve demand-supply balancing at the state level.
Consumer impact
Industrial consumers in Haryana’s Faridabad-Gurugram belt could benefit indirectly.
Reliable evening supply is important for commercial and industrial users.
Battery storage can reduce grid stress during peak periods.
It can also lower the need for emergency procurement if deployed efficiently.
Strategic message
Haryana’s 250 MW / 500 MWh standalone BESS petition is one of the larger state-level storage tariff filings in 2026.
The May 14 hearing will be important for price discovery, storage procurement, and regulatory treatment.
If approved, the project could become a benchmark for future utility-scale battery storage procurement in India.
For more such stories, go to www.energylineindia.com
Exide flags sulfuric acid, LPG and plastics cost pressure while posting record Q4 revenue
Exide Industries’ Q4 FY26 earnings-call transcript points to a mixed operating environment: strong domestic demand on one side and rising input-cost pressure on the other.
Management said the West Asia conflict remains an ongoing threat and that availability and pricing of commodities such as LPG, sulfuric acid and plastics are “quite alarming.”
It also cited rapidly increasing commodity rates and rupee depreciation as pressures on input costs.
At the same time, the company said Indian demand remained favourable.
Management said Q4 generated the company’s highest-ever quarterly revenue.
The story is important because it connects chemical-linked input stress with battery demand.
For more such stories, go to www.indianpetrochem.com
The Central Electricity Regulatory Commission has granted a transmission licence to POWERGRID Bellary Davanagere Transmission Limited.
The order was issued in Petition No. 133/TL/2026.
The date of the order was May 9, 2026.
POWERGRID Bellary Davanagere Transmission Limited is a wholly owned subsidiary of Power Grid Corporation of India Limited.
The licence has been issued under Sections 14 and 15 of the Electricity Act, 2003.
Project coverage
The transmission system will serve DISCOMs across the Southern Region.
The beneficiary footprint includes Karnataka, Kerala, Tamil Nadu, Telangana, and Andhra Pradesh.
The project will reinforce inter-state transmission capacity across South India.
This is important because the Southern Region has rising demand, growing renewable injection, and continuing import dependence during certain time blocks.
Tariff adoption
CERC also issued a companion order in Petition No. 134/AT/2026 on May 8, 2026.
Through this order, the Commission adopted the transmission charges for the project under Section 63 of the Electricity Act.
This means the tariff was discovered through tariff-based competitive bidding.
The Section 63 route gives the project a competitively discovered tariff framework instead of cost-plus determination.
Beneficiary utilities
The licence and tariff adoption bind 15 beneficiary utilities across 7 southern states.
This makes the project one of the broader recent beneficiary-linked transmission approvals in the region.
The wide beneficiary base shows the importance of the asset for regional grid reliability and power flows.
It also ensures that project costs are shared across multiple utilities that benefit from the network.
POWERGRID execution comfort
The ownership structure provides execution comfort.
POWERGRID is India’s central transmission utility and one of the country’s most experienced transmission developers.
Its subsidiary structure gives lenders, counterparties, and beneficiary utilities confidence in execution quality.
For a high-voltage regional transmission project, this is a significant advantage.
Southern Region importance
The Southern Region has a complex power flow profile.
Karnataka has significant renewable energy potential.
Tamil Nadu and Kerala have large demand centres and seasonal supply pressures.
Andhra Pradesh and Telangana also require strong inter-state balancing capacity.
The Bellary-Davanagere system can strengthen regional transfer capability and support renewable evacuation from interior Karnataka.
Renewable evacuation
The project will help improve evacuation headroom for renewable developers.
Interior Karnataka has large solar and wind development potential.
Without adequate transmission capacity, renewable generation can face curtailment or delayed commissioning.
The project therefore supports both grid reliability and clean energy integration.
Commercial framework
The adoption of transmission charges under Section 63 gives commercial clarity.
DISCOMs can include the charges in their power procurement cost stack.
POWERGRID gains visibility on long-duration regulated cash flows.
EPC and equipment suppliers also gain a clear project pipeline for transformers, reactors, conductors, substation packages, and related systems.
Strategic message
The CERC orders move the POWERGRID Bellary Davanagere project from licensing to execution.
The project reinforces the Southern Region grid at a time when renewable energy, demand growth, and inter-state power flows are all increasing.
It also shows that tariff-based competitive bidding remains a central route for India’s transmission expansion.
For more such stories, go to www.energylineindia.com
Deepak Chem Tech’s Bharuch proposal signals a larger petrochemical manufacturing buildout
Deepak Chem Tech’s proposed greenfield petrochemical and petroleum processing complex in Bharuch district has appeared before the Expert Appraisal Committee for fresh environmental clearance.
The proposal is located at Padariya village in Bharuch district, Gujarat.
Alongside the petrochemical processing facilities, the filing includes a proposed 90 MW captive thermal power plant.
The inclusion of both petroleum/petrochemical processing and captive thermal generation points toward an integrated manufacturing configuration rather than a limited standalone chemical unit.
The filing appears at an early-stage regulatory milestone.
For more such stories, go to www.indianpetrochem.com
The Meghalaya State Electricity Regulatory Commission has issued a comprehensive Standard Operating Procedure for intra-state deviation settlement. The Meghalaya State Electricity Regulatory Commission has issued a comprehensive Standard Operating Procedure for intra-state deviation settlement.
The SOP has been issued under Regulation 10.1 of the MSERC Intra-State Deviation Settlement Mechanism Regulations 2025.
It defines the operational framework for scheduling, metering, deviation computation, and financial settlement.
The framework applies to all grid-connected entities operating within the Meghalaya state grid.
Entities covered
The SOP covers generating stations, distribution licensees, and large open-access consumers.
These entities will be required to follow formal scheduling discipline.
Their deviations from approved schedules will be measured and settled under the DSM framework.
This brings Meghalaya’s intra-state grid operations closer to the structured settlement systems used at the inter-state level.
SLDC role
The State Load Despatch Centre has been designated as the apex accounting body for DSM settlement.
The SLDC will consolidate deviation data from all qualified scheduling entities.
It will compute gross and net deviations for each scheduling interval.
It will then apply applicable DSM charge rates and issue settlement bills periodically.
This gives the SLDC a central role in financial and operational grid discipline.
Payment timeline
The SOP establishes a payment timeline of 10 working days from the date of bill issuance.
Entities liable to pay DSM charges must settle their dues within this period.
This short payment cycle is designed to prevent accumulation of receivables in the DSM pool.
It also ensures that entities entitled to receive DSM payments are paid on time.
Delay interest
For delayed payments, the SOP prescribes interest at 0.04% per day.
The interest will apply from the due date until actual payment.
This creates a financial disincentive for delayed settlement.
It also strengthens payment discipline among grid participants.
Letter of Credit requirement
The SOP mandates a Letter of Credit requirement.
All qualifying entities must maintain an LC equivalent to 110% of their average DSM liability in the preceding quarter.
This financial security provision is designed to protect the settlement pool.
It reduces the risk of default by entities that regularly incur deviation charges.
Grid discipline
Meghalaya’s grid is relatively small compared with larger state systems.
However, it is integrating increasing volumes of renewable energy.
This includes small hydro and solar rooftop installations.
A formal intra-state DSM mechanism will help improve demand forecasting and scheduling discipline.
It will also reduce the risk of real-time imbalances.
Utility impact
The framework is particularly relevant for Meghalaya’s distribution utility.
Better forecasting and scheduling will become important to avoid excessive deviation charges.
If deviation costs rise, they can eventually translate into higher power supply costs for consumers.
The SOP therefore creates an incentive for sharper operational planning.
Regulatory significance
The SOP aligns Meghalaya’s framework with broader national trends.
Across India, regulators are strengthening DSM mechanisms to improve grid stability.
As renewable penetration grows, real-time balancing becomes more important.
The MSERC SOP is a step toward more accountable, transparent, and financially secure intra-state grid operations.
For more such stories, go to www.energylineindia.com