Kharif cotton sowing for the season 2022-23 in Gujarat is likely to increase by at least 20 per cent, compared to the previous season as a mad rush for sowing the cash crop is being witnessed among farmers in the state. Cotton prices are ruling very high, both in the domestic as well as international […]
The Gujarat-based integrated power utility Torrent Power has completed acquisition of a 50 megawatts (MW) solar power plant in Telangana from SkyPower Group. The enterprise value for this acquisition is approximately Rs 416 crore, consequent to closing adjustments. Torrent Power, pursuant to securities purchase agreement (SPA) with SkyPower Southeast Asia III Investments Limited and SkyPower […]
The government’s procurement of chana (gram), which has a share of more than 50% in the country’s pulses production, has crossed 2.12 million tonnes (mt) in the current rabi season (2022-23) so far, compared to just 0.6 mt in the same period last year. Sources told Financial Express that procurement of chana, which is being […]
The government’s wheat procurement in the current year has fallen by more than 54% year-on-year to 18.65 million tonnes (mt) till last week. Government’s purchase of wheat by the Food Corporation of India (FCI) and other agencies at the Minimum Support Price may not touch 19 mt against 43.34 mt purchased last year during rabi […]
India has added 456 megawatts (MW) of rooftop solar capacity during the January-March period of 2022, according to a report by Mercom India Research. At 456 MW, the installations were 34 per cent higher against 341 MW in the first quarter of 2021, said the report. “In the Q1 (January-March) of the calendar year 2022, […]
State-owned Oil and Natural Gas Corporation (ONGC) said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly. “ONGC has become the first exploration and production (E&P) company in India to trade […]
An over 40% shortfall in the cumin crop in Rajasthan and Gujarat, coupled with an exceptionally high export demand, has inflated prices of the commodity to Rs 4,500 per 20 kg. Traders and exporters in the Asia’s biggest seeds spices hub Unjha said that cumin spot prices hovered in the range of Rs 3,900 to […]
Over 160 fuel outlets of Reliance Industries Ltd. (RIL) across Gujarat are facing supply problems for petrol and diesel. In fact, some of the pumps have been forced to halt sales temporarily in the state. Amid unconfirmed reports of sales at Jio-BP petrol stations being temporarily shut from Sunday evening, Jio-BP issued a statement that said, “As […]
Tata Power’s 100 percent subsidiary Tata Power Renewable Energy Limited (TPREL) has commissioned a 120 megawatts (MW) solar project in Mesanka, Gujarat, said a company statement. The project will produce 305247 megawatt-hour (MWh) annually for the Gujarat government. In the installation, approximately 3.81 lakhs modules were used and the project will reduce up to 1.03 […]
Cumin prices are likely to soar by up to 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the 2021-2022 crop season following a decline in production, low acreage and damage to the crop due to excess rainfall, according to a report. Cumin appears set to take the centre stage […]
