Should India’s thrust towards electric mobility fructify, the resultant demand for electricity from this segment may grow 870 times between 2020 and 2030 a joint study done by ASSOCHAM and EY has said.
The latest data from the Ministry of New and Renewable Energy tells an impressive story.
Vedanta takes control of Electrosteel Steels even as petition challenging eligibility awaits NCLAT hearing
Vedanta has moved on to the next step in the acquisition drama over Electrosteel Steels Ltd (ESL) by setting up a new board of directors, even as a petition challenging its eligibility to bid for the same is pending before the National Company Law Appellate Tribunal.
The burgeoning renewable energy industry is likely to witness an unprecedented IPO rush in the near future to tap India’s capital markets.
One of India’s largest copper production plants – Sterlite Copper at Tuticorin – is shut.
Even as the clamour grows for a cut in central excise duty to bring down skyrocketing petrol and diesel prices, the oil marketing companies (OMCs) seem to have got the most bang for their buck ever since the Modi government came to power.
There is no question in the minds of the international community that steel consumption is bound to grow in India, for it is clear that the present generation already demands a better quality of life and the next generation certainly will.
Beefed up by strong set of numbers for the previous quarter and rising steel prices, JSW Steel yesterday announced that it will hike up its steel capacity by 37 per cent in the next two years. Clearly, it does not intend to relinquish its position as India’s largest steel maker to Tata Steel.
Finance ministry officials are feeling the heat and not just because of the summer. India imported 18.7 million tonne (MT) of crude oil in March at an average price of $63.8 per barrel while it was $63.54 per barrel in February.
India’s infrastructure growth slowed to a three-year low of 4.2 per cent in the fiscal year ending in March, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.