Coal India’s new GCV-based billing system for consumers likely from July

Business-Standard | 27th April 2018 After postponing the introduction of the new Gross Calorific Value (GCV)-based billing mechanism for consumers, earlier scheduled for this month, Coal India is expected have the new system in place by July.The government-owned behemoth was to have switched to charging of consumers on this globally adopted system from April 1. Issues related to sampling [...]

2018-04-27T10:42:29+00:00 April 27th, 2018|Uncategorized|

India Will Network With Asia’s Major Oil Buyers To Bargain With Sellers

Business World | 26th April 2018 India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country's Oil Minister Dharmendra Pradhan said in New Delhi on Thursday."I see bigger co-operation between four bigger economies of Asia... India will try [...]

2018-04-27T10:41:20+00:00 April 26th, 2018|Uncategorized|

Base metals fall on global cues, sluggish demand

Times Of India | 26th April 2018 Base metals led by aluminium fell by Rs 2 per kg at the non-ferrous metal markets today in line with a muted trend overseas.Besides, subdued demand from consuming industries at the domestic spot market fuelled the downtrend.Traders said sentiment remained muted on the back of a weak trend [...]

2018-04-27T10:40:14+00:00 April 26th, 2018|Uncategorized|

States unable to implement support price schemes for farmers: NAFED official

the hindu | 26th April 2018 The Centre’s proposals to decentralise price support schemes for farmers are not viable as State governments do not possess the infrastructure or willingness required to implement them, said S.K. Singh, Additional Managing Director of the National Agricultural Cooperative Marketing Federation of India (NAFED), on the on the sidelines of [...]

2018-04-27T10:37:31+00:00 April 26th, 2018|Uncategorized|

Essar Oil and Gas to invest Rs 900 cr in CBM block

Deccan Chronicle | 26th April 2018 Ruia family-owned Essar Oil and Gas will invest Rs 900 crore in drilling 150 more wells on its Raniganj CBM block in West Bengal to more than double gas output to 2.3 million standard cubic metres per day by 2021, its Managing Director and CEO Vilas Tawde said.Essar Oil [...]

2018-04-27T10:26:42+00:00 April 26th, 2018|Uncategorized|

JSW seeks fresh round of bidding for Essar Steel

Economic Times | 24th April 2018 JSW SteelNSE -0.70 % has sought a fresh round of bidding from the debtladen steel major Essar Steel’s Committee of Creditors (CoC). JSW’s move comes a day ahead of a crucial CoC meet scheduled on Tuesday. It is significant as it indicates that the Sajjan Jindal company that joined the [...]

2018-04-24T10:53:30+00:00 April 24th, 2018|Uncategorized|

Steel handling begins at Odisha’s Dhamra Port

Economic Times | 23th April 2018 Steel handling at Odisha's Dhamra Port has started with the receipt of the first rack from Tata Steel's Kalinga Nagar plant by the train route, an official statement said on Monday. In the first phase, 6,000 metric tonnes of steel coil has been received by Dhamra Port in Bhadrak district, [...]

2018-04-24T10:55:34+00:00 April 23rd, 2018|Uncategorized|

Aluminium ingots advance on rising demand

outlook india | 23rd April 2018 Aluminium ingots advanced at the non-ferrous metal market here today on stockists' buying amidst rising demand from consuming industries. Elsewhere, select copper and lead recovered due to renewed demand from industrial users.While, brass and aluminium utensils eased owing to sluggish demand from industrial users.Aluminium ingots rose by Rs 13 [...]

2018-04-24T10:42:19+00:00 April 23rd, 2018|Uncategorized|

Indian Oil Q4 PAT seen up 108.5% YoY to Rs. 7,758.1 cr: KR Choksey

Money Control | 22nd April 2018 KR Choksey has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Oil & Gas sector. The brokerage house expects Indian Oil to report net profit at Rs. 7758.1 crore up 108.5% year-on-year (down 1.6% quarter-on-quarter).Net Sales are expected to increase by 27.5 percent Y-o-Y (up 15.6 percent Q-o-Q) to Rs. [...]

2018-04-24T10:29:28+00:00 April 22nd, 2018|Uncategorized|