With increased ethanol use, the money spent on imports will reduce gradually and it will go to the villages and lead to development, he said.
Short term issues impact financial performance but the stock should do well; earnings growth expected to resume from second half of the current fiscal
50,000 megawatts of power assets that look very likely to be taken to the NCLT have been stressed for at least three years.
The oil ministry had in July 2013 allowed pricing freedom for gas produced from small, isolated fields and given marketing freedom by imposing no obligation of seeking customers only from the fertiliser and power sectors.
Attributing high bad loans mainly to steel, road and power sectors, Finance Minister Arun Jaitley on Wednesday said the government has initiated several steps to deal with the NPA problem and more are on the anvil to protect the domestic steel industry.
Taimur Baig, Chief Economist of India Global Markets Research at Deutsche Bank believes there is a possibility that in the second quarter, there might be some downside risks – monsoon, power shortage issue, which may hit power production.
The recent steps taken by Prime Minister's Office (PMO) to push reforms in sectors like power, roads and railways will boost investor confidence and help create a positive sentiment, Assocham today said.