The new LNG policy draft has recommended liquefied natural gas (LNG) as the fuel of the future for heavy transport as well. The policy targets to convert 10 per cent of long haul heavy duty trucks to ply on LNG. The timeline to achieve the target, however, has not been specified in the draft document. […]
The 497 sugar mills operational in the country have together produced nearly 209 lakh tonnes of sugar till February 15 as against 170 lakh tonnes in the corresponding period last year, an increase of nearly 23 per cent. According to a press release issued by industry body Indian Sugar Mills Association (ISMA), while 183 sugar […]
India’s coal ministry has added 11 new blocks to the list of mines planned to be offered for the second tranche of the commercial coal mine auctions. With these new additions, as many as 75 mines with reserves of about 38,000 million tonnes (MT) of coal, will be offered for commercial mining without any end-use […]
GAIL (India) Ltd, the nation’s biggest gas utility, has completed laying a 348-kilometer pipeline from Dobhi in Bihar to Durgapur in West Bengal. The Rs 2,433-crore project is part of the Pradhan Mantri Urja Ganga project to take environment-friendly natural gas to India’s eastern parts which hereto was left untouched by the benefits of gas-based economy. […]
Fuel sale in the country is coming back to normal which also shows the reflection of normalcy in economy, according to Indian Oil Corporation. In Maharashtra, the sale is yet to reach the pre-COVID situation and the deficit in diesel sale is still around 12 per cent, Executive Director and Maharashtra State head of Indian […]
The second round of auction of coal mines in India is likely to take place in January next year. The number of blocks to be given for auction has not yet been decided because the ministry is conducting stage -1 trial with the blocks. The government would rationalise the slew of taxes on coal to […]
India will see a massive $ 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said at the KPMG India’s annual energy conclave ENRich 2020. The government is targeting raising the share […]
China’s commerce ministry said that it will impose temporary anti-dumping measures on Australian wine imports from. The duties will range from 107.1 to 212.1 per cent. China is the biggest destination for Australia‘s wine exports, accounting for 39 per cent of total shipments in the first nine months of 2020, according to Wine Australia, an […]
India’s agrochemicals sector’s revenues are expected to grow by 12%-14% this fiscal year following a sharp uptake from the domestic agriculture sector combined with higher exports, according to CRISIL Ratings. Domestic revenues, which accounts for almost half of the sector’s revenues, will grow at 10-12% this fiscal compared with 6-8% last fiscal year. On the other hand exports, […]
Gold’s searing rally this year is driving increased demand for loans based on collaterals of the precious metals, a trend which will likely remain intact in the near future, according to the World Gold Council. Indian gold prices have risen by 28.8% this year. While borrowers have benefitted from higher loan value for the same collateral, […]
