Last week, we had envisaged a strong IIP growth in June’18 based on a robust growth achieved by the eight core sectors (crude oil, refinery products, coal, cement, steel, fertiliser, electricity, natural gas) which have a combined weight of 40.2% in IIP released earlier in the month.
The government is considering easing the mandatory 80% land acquisition condition before highways construction can start to speed up road building and start more projects before the next elections.
India’s fuel product consumption or sales increased 7.4% to 17.06 mt in July 2018 over a year ago. Naphtha sales jumped 60.7% to 1.14 mt, diesel 4.9% to 6.61 mt, petrol 7.8% to 2.31 mt, LPG 6.0% to 2.04 mt and bitumen 52.9% to 0.32 mt.
NTPC, India’s largest power producer, is planning to issue a tender for import of 2.5 million tonne of coal by mid-September to cater to the growing power demand in the country. The PSU last imported coal three years ago.
In a major victory to the Mamata Banerjee government, the authorities have managed to end the logjam in the Bhangar power grid project.
Recent developments in the renewable energy space saw a record drop in solar power tariffs and technological improvement in the energy storage solutions. This has put a question mark on the future of coal as a dominant yet polluting, depleting and costly source of energy for which citizens continue to pay a premium pri
The government is considering awarding about 25 small and mid-sized power transmission contracts aggregating to about Rs 1,200 crore to state-run Power Grid Corporation of India (PGCIL), a move that has upset private sector transmission companies.
This Indian Railways News Will Affect You! Timings Of Hundreds Of Trains Changed From August 15; List Here
This Indian Railways news is likely to affect you, especially if you are a frequent train traveller! Indian Railways has announced a new time-table that will be effective from August 15, that is Independence Day.
Energy Infrastructure (India) Ltd (EIL), a 100% subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up a Liquefied Petroleum Gas (LPG) terminal project at Okha for an investment of Rs700 crore, according to two senior state government officials.
State-owned Oil India Ltd today reported a 56 per cent jump in its April-June quarter net profit on back of higher oil prices.