India’s power ministry is proposing a nearly $2.5 billion incentive plan to encourage domestic manufacturing of grid-scale batteries, aiming at bringing down the cost of energy storage to speed up its energy transition, according to a Bloomberg news report. There are early-stage discussions in the government about offering incentives to manufacturers for batteries they produce over a […]
Kharif castor sowing for 2022-23 season in the country has gone up by over 1,00,000 hectare from 0.74 million hectare to more than 0.88 million hectare due to prevailing higher prices of oilseeds, as per Solvent Extractors’ Association of India (SEAI). In contrast, kharif or monsoon sowing of groundnut in India declined by 0.3 million […]
Saudi Arabia says it has the potential to unlock enough copper to ease a looming shortage as the world makes an epic shift to clean energy, but the kingdom faces challenges that established mining countries already have solved. Key among those challenges as the world’s largest oil producer seeks to unlock an estimated $1.3 trillion […]
For more than 1,200 people gathered at a hotel in Indonesia’s resort island of Bali this week the message was clear: coal is here to stay. After two years of pandemic disruptions, Asia’s top coal industry event Coaltrans is back in Bali with a turnout that some participants say mirror those seen during the boom […]
The Centre has given its nod to the Chhattisgarh government’s plan of procuring arhar (pigeon pea), moong (green gram), and urad (black gram) at minimum support prices (MSPs) in the kharif marketing season 2022-23, Business Standard reports. The Bhupesh Baghel government had announced in July procuring arhar, urad, and moong at MSPs. Farmers will get Rs 6,600 per quintal for moong and urad, […]
India’s Oil and Natural Gas Corp has for the first time sold oil through a three-month local tender, commanding $5-$8 per barrel more than existing rates under new rules that allow producers marketing freedom, industry sources said in a Reuters report. ONGC, the country’s top oil explorer, accepted bids at that level through auction of […]
Wheat processors have approached the government to seek permission for wheat import under the advance authorisation scheme, so that they can export value-added products, an official said. An advance authorisation scheme allows duty-free import of inputs, which have to be mandatorily used in products that are required to be exported within a specified time. They […]
Over the last year and a half, the renaissance of coal – both kinds – has been highly lucrative,. No one saw coal prices of $400 to $600 per tonne coming, including those in the coal industry. While Russia’s invasion of Ukraine has roiled energy markets and driven up coal prices, the reality is that […]
India is likely to extend by three months its free food grains program that covers the majority of the nation’s population and costs more than $18 billion annually. The government may continue to provide free rice or wheat to about 800 million people until December as the food ministry has sought an extension, the people said, asking […]
Oil prices were broadly stable as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.1%, at $78.41 per […]
