India’s peak power demand touched a record 1,85,280 MW this week, signalling a rise in commercial and industrial activities as businesses go through a “reset” phase after the lifting of lockdown curbs in recent months. Wednesday’s demand breached the previous high of 1,82,888 MW recorded on December 30, 2020. Power minister RK Singh said on […]
India’s sugar output surged 31% year on year to 14.27 million tonnes over the start of the crushing season on Oct. 1 to Jan. 15, data released by Indian Sugar Mills Association (ISMA) showed. The surge is due to an early start to cane crushing this season amid higher cane availability. A total of 487 […]
The Kerala government has agreed to buy 200 megawatt (MW) solar power from the 12,000 MW capacity being built under the manufacturing-linked solar scheme for which the Solar Energy Corporation of India (SECI) has been struggling to find buyers. Under the scheme, the tariff for the solar power will be Rs 2.92 per unit, much […]
A week after the government of India announced the sugar export subsidy policy for the ongoing season, sugar mills from Uttar Pradesh (UP) have signed export contracts for over six lakh tonnes of raw and white sugar. In contrast, mills from Maharashtra are yet to sign a single contract, according to a Financial Express report. […]
Paddy procurement has increased by 25 per cent in this kharif marketing season so far to 449.83 lakh tonnes at the minimum support price (MSP), valued at Rs 84,928.10 crore. “In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP […]
State-owned EESL and the Maharashtra State Electricity Distribution Company announced commissioning of about 8 megawatt (MW) solar-agro project at Devdaithan, Maharashtra. The 7987 KW project in Ahmednagar district is part of Energy Efficiency Services Ltd’s (EESL) commitment to the state under the Mukhya Mantri Saur Krishi Vahini Yojana, wherein it will supply the state discom […]
Fears of a fresh Covid wave have led to a rise in daily cotton arrivals to 2.5-3.00 lakh bales, with farmers wanting to sell their stocks on hand before another lockdown happens, Financial Express reports. This has resulted in cotton prices testing levels of between Rs 5,300 and 5,850 per quintal, from Rs 6,000 in […]
Sugar prices in Maharashtra have fallen below the minimum support price (MSP) of Rs 3,100 per quintal because of poor demand. This, in turn has forced sugar millers to sell below the floor price to be able to make cane payments to farmers. A high opening balance at the start of the season, delayed export […]
Farmer bodies across Maharashtra have urged the Centre to lift the ban on onion export as prices have started declining, reports Financial Express. On Monday, wholesale onion at Lasalgaon were available at a minimum price of Rs 1,000 per quintal and the maximum price of Rs 3,600, with modal prices touching Rs 2,500 per quintal […]
The Indian government is considering two new proposals for setting up free trade and warehousing zones (FTWZs) in Maharashtra. The proposals are being taken up for consideration by the highest decision making body for SEZ (special economic zones) Board of Approval (BoA), according to an office memorandum of the department of commerce. NDR Infrastructure Pvt […]
