India Business News: India’s organized brick-and-mortar retail sector could reach the pre-pandemic mark of Rs 5.7 lakh crore with a 23-25% spurt next fiscal, showed a repo
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Spanish gas: outlook upbeat [NGW Magazine]
Feb 5, 2021 7:15:am
Summary Gas demand in Spain’s power sector has good chances for growth as renewables alone cannot fill the void left by coal and nuclear power capacity. [NGW Magazine Volume 6, Issue 3]
by: Andreas Walstad
Posted in:
Spanish gas: outlook upbeat [NGW Magazine]
Gas-fired power generation in Spain plunged by 18% year-on-year in 2020 to 69 TWh, according to data accompanying a recent report developed jointly by Ember and Agora Energiewende. Despite this decline, there are reasons to be optimistic about the outlook for gas demand in Spain, both in the short and medium term.
2020 was a very volatile year in energy and it is worth noting that coal-fired generation in Spain declined even more than gas. It almost halved year-on-year to just 6 TWh. Coal – or imported hard coal which is used in Spain – had a share of just 2% in 2020 while gas had a share of 26%.
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The realty major reported 9% rise in consolidated net profit to Rs 452 crore on 15% jump in net sales to Rs 1543 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax came rose 5% to Rs 386.76 crore in Q3 FY21 from Rs 368.61 crore in Q3 FY20. Current tax expense fell 26.2% year on year to Rs 104.24 crore in Q3 FY21.
EBITDA jumped 49% to Rs 624 crore in Q3 FY21 from Rs 419 crore in the same period last year. DLF said demand in the residential business is improving, aided by a low-interest cost regime, various government incentive initiatives and quality supply with affordability.
During the quarter, DLF launched Independent Floors in DLF City, which was absorbed in record time, demonstrating demand for quality products in established locations. New Sales bookings for the quarter rose to Rs 1,022 crore, reflecting a 40% growth year on year. The company assured it continues to step up on new launches and remain focused on creating a healthy pipeline of new products offering div