Power ministry pushes for GST cut on hydropower project components

06 Sep 2023 CW Team

The Union Ministry of Power is poised to request a reduction in the Goods and Services Tax (GST) applied to components utilised in hydropower projects. According to two individuals familiar with the matter, the ministry is contemplating seeking a reduction in GST rates for components such as turbines, steel, and cement, which are currently categorised in the higher tax slabs.

These recommendations were deliberated during a recent meeting held within the ministry and are expected to be raised with the Finance Ministry. Additionally, the Central Electricity Authority (CEA) has presented a case advocating for a reduction in GST rates for these components.

One of the two sources mentioned above stated, "Since the current GST rate for these components is set at 18% or higher, it is imperative that the tax rates are brought down to at least below the 18% slab. The proposal to the Finance Ministry would advocate for reclassifying these items into the 5% GST slab, as suggested by stakeholders."

Presently, turbines and steel are subjected to an 18% GST rate, while cement is levied at the highest slab of 28%.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..