BUSINESS
Cement makers struggle to take price hikes in Q4
Ironically, the situation exists despite strong demand for the key input for construction activity. A significant factor for this is intensified competition, say analysts
BUSINESS
CIL despatches to non-power sectors up 10% in Q4
This would be a 16.6 percent growth sequentially in coal despatch to its non-regulated sector (NRS) customers
BUSINESS
Lithium find in J&K will help reduce cost of EVs, says Nitin Gadkari
Addressing the inaugural Moneycontrol Policy Next-The Rs 10 Trillion Infra Push summit, Union Road Transport and Highways Minister Nitin Gadkari said efforts were on the quickly start extracting the metal, which can reduce the cost of EVs in India
BUSINESS
GAIL earnings estimates increased by analysts after pipeline tariff hike
The company’s integrated natural gas pipeline tariff will increase 45 percent from April 1.
BUSINESS
Mahanagar Gas scouts for acquisitions as organic growth opportunities limited: MD
The company will also explore equity opportunities in the electric mobility and hydrogen value chain space, says Ashu Shinghal.
BUSINESS
Cairn Oil & Gas plans two-thirds of capital spend on near-term development opportunities: CEO Nick Walker
The company aims to double its share in India's domestic oil production to 50 percent and hopes that the Indian government will reconsider the windfall tax on oil.
BUSINESS
PLI Scheme: 27 companies including Tata Steel sign MoUs for specialty steel
The Indian Steel Association said the PLI scheme has resulted in a commitment of about Rs 30,000 crore investment to create about 25 million tonnes of capacity in specialty steel in the next five years.
BUSINESS
Coal India prepares for the great Indian summer
Along with increased production and pithead stocks, the miner has asked power producers to hold higher inventory and is following up on payments due.
BUSINESS
MC Explains: Have cooking gas prices moved with global energy price trends?
Domestic LPG price are vulnerable to global oil prices, forex rates and distribution costs
BUSINESS
Women's Day 2023: With less than 8% women, core sectors have workforce diversity issue
The combined workforce for the top producers of steel, cement, oil and coal in India was more than 300,000 in FY22. Less than 8 percent, or 23,054, were women
BUSINESS
Govt hikes windfall tax, analysts say windfall tax not a big worry for cos.
However, they do not see it as a major concern for two reasons—one, despite the tax hurdle, realisations are high, and two, the existence of the levy translates into surety there will not be other policy shocks.
BUSINESS
AP Global Investors Summit 2023: Mukesh Ambani stresses on Andhra's blue economy potential
Reliance Industries has invested over Rs 150,000 crore in its KG-D6 assets, and for developing and supporting the gas pipeline, Ambani said
BUSINESS
Jindal Power wins ‘most sought-after’ Gare Palma coal block in ongoing auction
So far, a total of 18 blocks have been bid for, where Shree Cement, Dalmia Cement, JSW Steel, Ambuja Cement, JSW Cement, and Jindal Power, among others, were the winning bidders
BUSINESS
MC Explains: Why is cooking gas more expensive now?
Analysts say improved demand from Asian markets may have allowed room for a hike in Saudi contract price, on which domestic LPG prices are based
BUSINESS
Vedanta Resources allays debt worries, confident of meeting all maturities in June quarter
Vedanta to service its debt obligations through multiple options including refinancing and internal accrual-backed repayments.
BUSINESS
Non-power sector hopes coal will be a ‘non-issue’ this summer
Satyadeep Jain, an analyst at Ambit Capital, also pointed out that coal stock positions at power stations look better than the levels seen a year ago.
BUSINESS
As India’s EVs age, supply of recycled lithium rises
In the absence of lithium-ion battery manufacturing in India, nearly all of the recycled lithium is exported.
BUSINESS
Essar to spend $3.6 billion on transition to low-carbon energy in UK, India
The $1.2 billion for India will be invested in developing a cost-efficient global supply hub for low-carbon fuels in India, including green hydrogen and green ammonia
BUSINESS
Oil and gas price outlook a year after Russia-Ukraine war
With no signs of an end, the world is fearing that the war is here to stay. So, the other factors are China, winter demand this year and the full-year impact of the Nord Stream pipeline disruption, experts say.
COMPANIES-2
Contract to set up BPCL green hydrogen unit in Madhya Pradesh to be awarded in March
BPCL is setting up a 20 mega watt green hydrogen unit at Madhya Pradesh, the largest in India so far.
BUSINESS
Here is how Adani-trucker standoff was resolved in Himachal Pradesh
The state government's intervention and the company's assurance of additional volumes from neighbouring states brought about the truce
BUSINESS
One year of Russia-Ukraine war: How India’s energy story changed
As the new geopolitical situation emerged, India responded with increased sourcing from Russia, a windfall gains tax and energy security diplomacy.
BUSINESS
Adani Group ends standoff as truckers agree to 10-12% freight tariff cut
Adani Group said the new rates will result in an overall reduction of 10-12 percent in the freight rates benefiting the customers of Himachal Pradesh. This is lower than Adani Group's original demand from the truck unions in December.
BUSINESS
Novelis shipments tumble as beverage consumption pattern shifts globally
The company reported an 8 percent sequential drop in shipments to 908 kilotonnes in the quarter ended December 2022 as beverage makers resorted to destocking.
