India’s oil consumption surged 4.5% in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared.
Adani Ports and Special Economic Zone (APSEZ) has announced that the Supreme Court has restored the environment clearance granted to APSEZ’s Hazira port. The Supreme Court’s ruling sets aside National Green Tribunal’s (NGT) January 2016 order to cancel the green clearance to this port.
Coal India Ltd (CIL) has reported a production of 44.8mn tonnes for the month of April 2018, an increase of 16.7% yoy for the month of April 2018. Offtake for the month stood at 51mn tonnes, an increase of 12.9% yoy. This marks a 96% achievement of the company’s monthly production target and a 90% achievement of the monthly offtake target.
The growth of the capital goods industry had been subdued over the last 6-7 years.
Capacit’e Infraprojects Limited has received contracts worth Rs365.5cr from Oberoi Realty Group for the following projects:
Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned the prestigious 330 MW Kishanganga Hydro-Electric Project (HEP) in Jammu & Kashmir (J&K).
L&T Construction’s Power Transmission & Distribution (T&D) business has bagged orders worth Rs4,353cr on an engineering, procurement, and construction (EPC) mode.
MEP Infrastructure Developers in JV with LongJian Road & Bridge Company Ltd has emerged as a preferred Bidder (L1) by National Highways Authority of India (NHAI) for the following three Hybrid Annuity Mode Projects.
IRB Infra has emerged as preferred bidder for Rs3,400cr road project for six-laning of Hapur bypass to Moradabad section of NH 24 in the state of Uttar Pradesh.
The coal ministry has allocated 11 mines to Coal India Ltd (CIL) arms – Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL).