Indian iron-ore production during last financial year has been provisionally pegged at an eight-year high, but the domestic market is plagued by the dichotomous dynamics of rising imports and unsold stockpiles across the regions. According to prelimina…
Indian iron-ore production peaks, but imports continue to surge Read More »
Indian coal miner Singareni Collieries Company Limited (SCCL) has set a coal extraction target of 70-million tons for the 2019/20 financial year. The target is 8% higher than coal produced during 2018/19 at 64.4-million tons, says SCCL chairperson N Sr…
India’s SCCL aims for 8% coal production growth in 2019/20 Read More »
A last lap unprecedented surge in production has enabled State-miner Coal India Limited to end the 2018/19 financial year with production of 607-million tons, marginally short of the 610-million-ton target agreed with the government. The miner thus ach…
Coal India production surges at close of financial year Read More »
In contrast to State-run merchant miners, coal production from captive mines from April 2018 to February 2019 has been estimated at 44-million tons, recording a growth of 31% and outstripping the government’s target of 40-million tons for the current f…
Captive coal miners beat growth trends of merchant miners Read More »
Resource major Vedanta on Wednesday announced an oil discovery in its Krishna-Godavari block in the Bay of Bengal along the eastern Indian coastline.
The company earlier established a discovery of natural gas at the same block.
Vedanta announces oil discovery at its Bay of Bengal block Read More »
State-run resource majors are proving to be a bonanza for the cash-strapped Indian government ahead of the national elections. Nudged by the government, these companies were putting up cash through special second interim dividends and share buybacks.
State resource companies a bonanza for India’s cash-strapped government Read More »
India’s Coal Ministry has eased rules for thermal power companies allowing them to source coal even without power purchase agreements (PPAs) with electricity distribution companies in place. The Cabinet Committee on Economic Affairs approved the revise…
India’s Coal Ministry eases coal supply linkage rules for thermal power companies Read More »
India is negotiating with the US for exemptions from “extended sanctions” to maintain its current level of crude oil imports from Iran, but the country is also under pressure from the US administration to halt all crude purchase from Venezuela. Accordi…
India’s crude oil imports from Iran, Venezuela come under US pressure Read More »
To tap into the rapidly growing Indian ferrous and non-ferrous metals processing industry and stricter air quality monitoring norms, Milan-headquartered SME Ekoplant has set up shop in the country, floating a 100% wholly-owned subsidiary Eko Air Filtra…
Italy’s SME Ekoplant floats Indian subsidiary Read More »
To cope with peaking electricity demand during the summer months ahead, India’s Coal Ministry has directed State-run Coal India Limited (CIL) to ensure that each thermal power plant has assured stocks of 20 days on any given day. The Ministry has direc…
CIL told to ensure Indian power stations have 20 days coal supply Read More »
