MBA Dissertation on Digital Convergence authored in 2010.
This Dissertation scored a distinction rank of 73%- one of the top marks in the University (in a class of 84 students)
Hybrid power generation by and solar –windUday Wankar
With the development of industry and
agriculture, a great amount of energy such as coal, oil
and gas has been consumed in the world. Extensive
use of these fossil energies deteriorates a series of
problems like energy crisis, environmental pollution
and so on. Everybody knows that the fossil energy
reserves are finite, some day it will be exhausted.
It is possible that the world will face a
global energy crisis due to a decline in the
availability of cheap oil and recommendations to a
decreasing dependency on fossil fuel. This has led to
increasing interest in alternate power/fuel research
such as fuel cell technology, hydrogen fuel, biodiesel,
Karrick process, solar energy, geothermal energy,
tidal energy and wind. Today, solar energy and wind
energy have significantly alternated fossil fuel with
big ecological problems.
With the development of the science and
technology, power generation using solar energy and
wind power is gradually known by more and more
people. And it is widespread used in many developed
countries. The merits of the solar and wind power
generation are very obvious-infinite and nonpolluting.
The raw materials of the solar and wind
power generation derived from nature, and wind
power generation can work twenty-four hours a day,
solar power generation only works by daylight. In
addition, this kind of power generation has no
exhaust emission and there is no influence to the
nature. But it also has some shortcomings. Because
of the imperfect of the technology, equipment of the
solar and wind power generation is very expensive.
By far, it cannot be widely used.
In addition, solar and wind power
generation system affected by the changing of the
weather very much, so it has obvious defects in
reliability compared with fossil fuel, and it is difficult
to make it fit for practical use the lack of economical
efficiency .Because of these problems it needs to
increase the reliability of energy supply by
developing a system which interacts Solar and wind
energy. This kind of system is usually called windsolar
hybrid power generation system significantly
Project feasibilty report on Pricision Auto pistons aniket kulkarniANIKET KULKARNI
It Is the project feasibility report of Precision auto pistons. so in that report it is given that what needs to be done in order to open a auto mobile manufacturing company. how these analysis is to be done.
Dear members,
We would like to thank everybody for joining us on our last seminar which was held last Oct 15,2018 about " The Updates on IFRS 16 "
For Those who was not able to join us, Please have a look over the presentation.
Big Thanks to Mr. Paul Raftery - SVP Platform Finance Healthcare for Mubadala- who was the main speaker.
Dear members,
We would like to thank everybody for joining us on our last seminar which was held last Oct 15,2018 about " The Updates on IFRS 16 "
For Those who was not able to join us, Please have a look over the presentation.
Big Thanks to Mr. Paul Raftery - SVP Platform Finance Healthcare for Mubadala- who was the main speaker.
Tariff structure for Conventional and Non Conventional electricity generation sources, For tariff regulation of 2009-14 & 2014-19 and Renewable tariff order for 2015
MBA Dissertation on Digital Convergence authored in 2010.
This Dissertation scored a distinction rank of 73%- one of the top marks in the University (in a class of 84 students)
Hybrid power generation by and solar –windUday Wankar
With the development of industry and
agriculture, a great amount of energy such as coal, oil
and gas has been consumed in the world. Extensive
use of these fossil energies deteriorates a series of
problems like energy crisis, environmental pollution
and so on. Everybody knows that the fossil energy
reserves are finite, some day it will be exhausted.
It is possible that the world will face a
global energy crisis due to a decline in the
availability of cheap oil and recommendations to a
decreasing dependency on fossil fuel. This has led to
increasing interest in alternate power/fuel research
such as fuel cell technology, hydrogen fuel, biodiesel,
Karrick process, solar energy, geothermal energy,
tidal energy and wind. Today, solar energy and wind
energy have significantly alternated fossil fuel with
big ecological problems.
With the development of the science and
technology, power generation using solar energy and
wind power is gradually known by more and more
people. And it is widespread used in many developed
countries. The merits of the solar and wind power
generation are very obvious-infinite and nonpolluting.
The raw materials of the solar and wind
power generation derived from nature, and wind
power generation can work twenty-four hours a day,
solar power generation only works by daylight. In
addition, this kind of power generation has no
exhaust emission and there is no influence to the
nature. But it also has some shortcomings. Because
of the imperfect of the technology, equipment of the
solar and wind power generation is very expensive.
By far, it cannot be widely used.
In addition, solar and wind power
generation system affected by the changing of the
weather very much, so it has obvious defects in
reliability compared with fossil fuel, and it is difficult
to make it fit for practical use the lack of economical
efficiency .Because of these problems it needs to
increase the reliability of energy supply by
developing a system which interacts Solar and wind
energy. This kind of system is usually called windsolar
hybrid power generation system significantly
Project feasibilty report on Pricision Auto pistons aniket kulkarniANIKET KULKARNI
It Is the project feasibility report of Precision auto pistons. so in that report it is given that what needs to be done in order to open a auto mobile manufacturing company. how these analysis is to be done.
Dear members,
We would like to thank everybody for joining us on our last seminar which was held last Oct 15,2018 about " The Updates on IFRS 16 "
For Those who was not able to join us, Please have a look over the presentation.
Big Thanks to Mr. Paul Raftery - SVP Platform Finance Healthcare for Mubadala- who was the main speaker.
Dear members,
We would like to thank everybody for joining us on our last seminar which was held last Oct 15,2018 about " The Updates on IFRS 16 "
For Those who was not able to join us, Please have a look over the presentation.
Big Thanks to Mr. Paul Raftery - SVP Platform Finance Healthcare for Mubadala- who was the main speaker.
Tariff structure for Conventional and Non Conventional electricity generation sources, For tariff regulation of 2009-14 & 2014-19 and Renewable tariff order for 2015
Service tax on works contract (Pre-Negative List)sandesh mundra
This ppt gives a glimpse of service tax payment in india as applicable to works contractors before the negative list. This is very relevant to builders and developers. Service Tax posers and illustrations were also covered by the speaker during the presentation.
Indian Railways in an efforts to ease the procedure for providing private railway sidings has issued orders to simplify the procedures.The intending owners may now avail the opportunities .
Friends, this ppt consists of various facets of construction management and equipment such as how to buy equipments, its various types and Depreciation and lastly why and how to replace equipments.
Public Transportation_notes_definations and DEA etc.ppt
ACC Chandrapur
1. Wet Leasing of Locomotives
K.Chandrasekar
Addl.GM/RES/RITES
1
2. A unique opportunity:
The ownership of the locomotive is not transferred and doesn’t show up in your
books.
With no down payment and low rentals, you have more capital to invest in the
core business.
Leasing also yields tax benefits as the rental are treated as an operating
expense depending on your tax liability.
Substantial tax benefits:
An operating lease will be treated as an expense, which shall enable you to set
off the entire lease rental from your books.
In outright purchase you get a tax benefit only on the depreciation and interest
portion.
Also lease will be an off balance sheet transaction, hence you do not have to
show non-core assets on your balance sheet.
Why buy when you can lease?
3. S.No. Client Remarks No. of locos
1 WBPDCL, TPP , Bandel First Loco given on lease in July 2009 1
2 DPCL, Dhamra Port operations managed by 05 Locos 5
3 Uttam Galva Ltd, Wardha Locos utilised for steel plant 1
4 VPT, Visakhapattanam Yard operations managed by 04 Locos 4
5 APCPL, Jhajjar Loco utilised for power plant 1
6 Kolkata Port Trust Port operations managed by 02 Locos 2
7 NSPCL, Bhilai Loco utilised for captive power plant 1
8 KTPS, Kolkata Loco utilised for power plant 1
9 CLP, Jhajjar Loco utilised for power plant 1
10 DVC, Andal & Koderma Locos utilised for power plant 2
11 SAIL/RSP, Rourkela Yard operations managed by 03 Locos 3
12 APML, Tiroda Loco utilised for power plant 1
13 Reliance Cement, Maihar Loco for cement plant w.e.f. 1/10/14 1
14 Paradeep Port Port operations managed by 02 locos
w.e.f. Nov ‘14
2
15 VIPL, Butibori Loco utilised for power plant w.e.f.
Dec’14
1
Clients for Loco lease
4. Contact details of Non Railway Clients using Leased
Locomotives supplied by RITES
Loco
No.
Client
Commissioning
Date
Engineer-In-Charge
Contact No.
091 WBPDCL/ Bandel 01.07.2009 U K Sarkar, DGM 09432021061
101 NSPCL/ Bhilai 03.07.2011 B Mukherjee 09425293520
131 CLP / Jhajjar 17.12.2012 R K Chaudhary, AGM 09416212582
103
104
105
122
132
DPCL/ Dhamra
Port
22.08.2010 Amithab Shee, JGM 09937006735
114 DVC, Andal 01.07.2013
Sudipta Bhattcharya
Supt. Engr/ Fuel
08900593936
112
113
123
125
VPT/
Visakhapatnam
Port
08.08.2011
Satish Honna Kkatte,
CME
09912609090
106
133
134
SAIL, Rourkela
Steel Plant
29.08.2013
A K Behera
DGM / TRM
08895500928
121
126
KoPT / Kolkata 01.13.2012 Tapan K Chatterjee
09874810796
5. RITES Loco Leasing Model ( Operating Wet Lease)
Financial lease Operating lease
1. Capital expenditure by Lessor
(RITES)
1. Capital expenditure by Lessor
(RITES)
2. Ownership of asset is transferred to
Lessee (Client) after making the lease
payment (full cost of asset + interest
charges) at the end of lease period
2. Ownership of asset is NOT
transferred to Lessee (Client) after the
lease period
3. Risks and rewards transferred to
Lessee (Client) e.g.. Repairs, damage,
fire, accident etc
3. Risks and rewards remain with the
Lessor (RITES) e.g.. Repairs, damage,
fire, accident etc
4. Akin / similar to sale
( Purchase of car through loan on EMI)
4. Assets on hire for a fixed period
( Hiring of taxi etc)
Wet lease Dry lease
1. Includes either Maintenance or
Operation of assets or both
1. Includes neither Maintenance nor
Operation of assets
2. Attracts Service tax @ 12.36% 2. Attracts VAT @ 4%
6. A. Financial justification based on Hiring
charges of shunting locos from Railways
1. As per Railway Board’s letter No. TC-I/2002/ 214/5 dated 16-06-
2014, the revised rate for a diesel shunting locomotive for siding is
Rs. 5910/- per hour with effect from 1.7.2014.
2. The above hiring charge includes operating expenditure on materials
(Fuel oil, Lube oil & all consumables) and expenditure on
maintenance & operating staff. However, there are some problems
during shift changing by drivers as per experience of VAL,
Jharsuguda, ACC Wadi, Guj Ref / IOCL /Vadodara etc.
Loco hiring from railways works out to Rs. 43 lacs / loco / month.
1. Considering loco lease rate of Rs. 17.75 lacs /loco/month and taking
an average of Rs 3.5 lacs as expenditure on Fuel oil, lube oil and
other consumables:
Loco leasing from RITES works out to Rs. 21.25 lacs / loco / month.
Service tax is payable extra in both the above cases.
7. Cost of new WDS6 loco ex-DLW
Rs. Lacs
A Basic cost ex. DLW 1100
B ED @ 6.13% 67.43
C CST @ 5% (on A+B) 58.37
D Maintenance spares 40
E Transport / Insurance / Packaging / Inspection 10
Total cost 1275.80
Present day cost of new WDS6 loco ex-DLW > Rs. 11 Crs
B. Financial justification based on comparison of
O&M costs for a new loco ex-DLW and lease loco
from RITES by NPV method
8. Rs. Lacs
A Purchase of new WDS6 locomotive ex. DLW 1100
B Expenditure on maintenance (Yearly basis):
B1. Schedule and out-of-course repairs 40
B2. Maintenance staff (Min. 6 staff) 12
B3. Operating staff ( 4 drivers + 4 pointsman) 18
B4. Capital spares spread over codal life
(1.5% of Capital cost)
15
C Recurring cost per annum (B1+B2+B3+B4) 85
D Total Recurring cost with back office support and
Overheads @ 6.0% ( Bare minimum )
90.0
Purchase Vs Leasing decision on NPV Basis
9. Quick Financial justification based on Net outgo
cash flow on yearly basis
LOCO PURCHASE: Initial outgo: Capital cost of Loco = 1100 lacs
Cost of capital / IRR (Min 14%), loss of interest / year 154.00
Maintenance charges (Min 5% per year of Capex) 55.00
Operation charges (Min 3% per year of Capex) 33.00
Back office support for procurement of spares (Min 1%) 11.00
Tax shield on depreciation : 33 % of (1100-100) / 24 - 13.75
Tax shield on O&M charges (Allowed expenses) - 29.04
Net yearly outgo in loco purchase and O&M (lacs) 210.21
LOCO LEASE : Initial outgo: Nil lacs
Lease charges / year (@ 17.75 lacs / month) 213.00
Service tax @ 12.36% on lease charges* 26.32
Tax shield on lease charges (Allowed expenses) -71.79
Net yearly outgo in loco leasing (lacs) 167.53
Other advantages: No capex, Assured outage, No risk dealing with
PSU, Easy exit clause, Complete outsourcing of non-core activity,
No hassle to purchase loco spares/ deal with Railways
* Client can avail CENVAT credit to the extent of 4.12%
10. Scope of wet lease of Locomotive
- The capital cost of manufacture of locomotive will be born by
RITES. Delivery of locos as per LOA.
- Includes :running / out-of-course repairs, all maintenance
schedules upto POH and operating expenses of crew
- Excludes : consumables like fuel oil, lube oil, greases etc
- Round the clock manning of loco with one driver and one
assistant / pointsman ( 4 + 4)
- Loco operations: shunting, placement of loaded and empty
wagons, detachment / attachment, forming rakes etc
- Availability of locos: Min 85% in a month ( 30 days) on group of
locomotives
- Maintenance ONLY during lean period for clients
11. Client’s responsibility
To provide the following facilities free of cost:
• Covered shed with pit and two level platforms
• Office space and storage area for maintenance spares
• 20/5 T EOT Crane & Welding Plants
• Machine shop facility (lathe, drilling, grinding m/c etc)
• Standard fueling installation and lube oil topping facility
• Compressed air, De-mineralised water, electricity etc.
• Staff quarters for maintenance and operating staff
Apart from the above, operating consumables like fuel oil, lube
oil, suspension bearing oil, cardium compound, governor
oil, expresser oil and greases will be supplied by client at
their cost.
12. RITES’s responsibility
1. To provide adequate Operating and Maintenance
staff along with leave reserve. The entire staff to
be covered under WCA / ESIC/ Minimum Wages
Act as per statutory rules & regulations.
2. To arrange running/capital spares/items/
assemblies required for loco maintenance from
trade, DLW, DMW and Railway Workshops
3. To cover the locomotive under comprehensive
insurance and limited third party insurance
4. RITES will not be responsible for any
consequential damages like demurrage, loss of
production due to loco defective, derailments etc.
RITES liability to be limited to contractual
obligations as per conditions of contract.
13. Financial Offer
1. Number of Locos : 1
2. Minimum contract period : 2 Years
3. Non-refundable interest free Mobilization Advance of Rs.20 lacs per loco to
be deposited by client along with LOA, which will be adjusted towards
lease charges.
4. Wet Lease charges for WDS-6 loco for 1st Year
- Rs.17.75 Lacs / month / loco exclusive of applicable taxes.
5. Lease charges for 2nd year with 7% Escalation Clause.
14. 1. ONLY agency, central PSU, in India offering leasing of diesel
locos at reasonable rates,
2. One stop solution for loco requirement including O&M of loco,
3. No initial capital investment for the client. No need to set up back
office support for procurement of about 5000 loco items
(including imported spares), as and when required.
4. Experience of last three decades in O&M of locomotives at
various sites, hence zero cost of learning curve for client.
5. Access to Resources and Technical Backup of Indian Railways
(DLW, DMW, Railway Workshops, Diesel Sheds), being a wholly
owned subsidiary of Ministry of Railways
6. Trained Manpower (>1200) from Indian Railways
7. Economically viable proposal / alternative,
8. Assured minimum availability of the locomotive (85% *)
9. Client can focus on core activity of port operations and /or power/
cement/steel production.
Advantages of getting RITES Leased Locos