L&T is going in for a major change in its energy business focus. The country’s largest engineering company, which is mainly identified with large, thermal-fired power is going green by venturing into wind and hydro power generation. It has prepared a road map for building wind power projects in Gujarat,
Such initiatives will provide tariff relief and carbon credit. According to the government norms, it will get tariff relief on the equal amount of the energy being generated through renewable resources for captive use. For example, if L&T sets up 10 MW through wind or any other renewable energy plant, it will get tariff relief on an additional 10 MW being sourced from the state grid. In addition, L&T would also receive carbon credits under the United Nations Framework Convention on Climate Change. Once approved, these units are termed as Certified Emission Reductions, or CERs. This implies a value is assigned to the company, which contributes toward reduction of greenhouse gas emissions.
L&T is also looking to invest in about 5,000 MW thermal power capacity based on super-critical technology, which has higher fuel-efficiency with low emissions. The engineering conglomerate is also in the process of bidding several hydro power projects in the hill states of the country and in neighbouring countries such as
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3482.50 |
| Rail Vikas Nigam | 421.65 |
| NCC | 272.20 |
| KEC International | 992.10 |
| Kalpataru Projects | 1143.85 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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