Coal India aims at Rs 40,000-50,000 crore capital expenditure in 4-5 years: Chairman

Coal India Ltd said the company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years. The Rs 17,000-crore capex (capital expenditure) for the current fiscal is “on track”, CIL chairman Pramod Agrawal told investors. He also acknowledged that price revision is “inevitable” and this may happen soon. “We have […]

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NTPC Renewable Energy signs Power Purchase Agreements for 325 MW solar projects

State-run power giant NTPC  said its arm NTPC Renewable Energy has inked power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company and Rewa Ultra Mega Solar. “NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a PPA (power purchase agreement) and other project agreements […]

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Coal India warns of inevitable price hike to combat increased production costs

Coal India Ltd., the world’s largest producer of the fuel, said rising costs mean it’s “inevitable” that it will be forced to hike prices of supplies in long-term deals to protect profitability. The state-run company is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten […]

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Restrictions on scrap metal imports by China and Malaysia to prove a lucrative opportunity for Indian recyclers

Restrictions on scrap metal imports into China, Malaysia and other countries present a golden opportunity for recyclers in India. The global scrap and waste-handling industry has been in a state of disruption since 2017 when previous top scrap importer China announced a ban on most plastic, metal and paper scrap imports as part of a […]

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Indian Oil’s Mathura refinery gets green nod for expansion

Indian Oil Corporation’s Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 million tonnes per annum (mtpa). Currently, the Mathura Refinery has processing capacity of 8 mtpa. The refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with 11 MMTPA crude processing, Mathura […]

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