Suzlon Energy, India’s largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector.
Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year, as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials.
Wind power tariffs have declined to Rs 2.43 a unit and capacity addition last year was a mere 435 Mw till October despite three rounds of project auctions, forcing turbine manufacturers to rue the surge in installations during 2016-17 when close to 5,000 Mw was added.
To bring back its lost coal freight revenue, the ministry of railways has come out with a master plan to have a bypass rail route near the 35-kilometre line between Chandrapura and Dhanbad that was closed due to coal fire at Jharia coalfields in June.
Visibly worried over soaring costs of inputs, National Aluminium Company (Nalco) is contemplating a second caustic soda plant within the planned PCPIR (petroleum, chemicals & petrochemicals investment region) hub at Paradip.
The US could become the oil world’s new king in 2018 as it was poised to ramp up crude oil production by 10 per cent to about 11 million barrels per day, according to a report.
The power ministry in 2015 notified that power-generating units operating for more than 25 years would either be retired or replaced with efficient super-critical units, which use less coal and water but have high emission standards. Replacement with better technology would entail higher costs and thereby mean costlier power for consumers.
After witnessing slowing growth over the past 18 months, India’s ride-hailing bigwigs are partnering mass transit companies.
Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and US production soared to the highest in more than four decades.
The Indian Railways is planning to triple its freight traffic to 3 billion tonne by 2030 through a series of measures including the implementation of the dedicated freight corridors.