The import of thermal coal is likely to increase in the coming months, as Coal India is set to miss its production target again – for an 11th straight month – causing a fuel shortage at the country’s thermal power plants. This is particularly worrisome as the demand for coal is likely to increase further […]
Day: March 7, 2018
New policy soon on biofuels with Rs 1 lakh crore potential: Dharmendra Pradhan
In a major move on sustainable development, the government is to soon bring out a National Biofuels Policy for a sector poised to become an economy worth Rs 1 lakh crore, Petroleum Minister Dharmendra Pradhan said on Wednesday. The policy would detail the architecture for India to make the move towards adopting second generation, or […]
Australian PM Turnbull backs Adani’s $16.5-bn mine project in Queensland
Australian Prime Minister Malcolm Turnbull on Wednesday strongly supported Indian energy giant Adani’s controversial 16.5 billion dollar coal mine in Queensland, saying the project has gone through extensive environmental permitting and should go ahead. Adani’s Carmichael mine and rail project in the untapped Galilee Basin has been held up by lack of financing and a […]
‘India’s deal on import of LNG from US to be milestone in ties’
India’s 20-year deal on import of natural gas from the US would be a “milestone” in bilateral ties and go a long way in strengthening and reinforcing trade relations between the two countries, Consul General of India Anupam Ray has said here. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of […]
Air India sell-off to begin with airline arm, other three units to follow suit
The process of Air India’s (AI) sell-off is likely to begin with the airline arm first being put on the block. AI is to be split into four parts — AI-AI Express-AI SATS; ground handling unit; engineering units and Alliance Air — and be offered for sale individually. “The bid documents for the main airline […]
Oil prices fall as Trump adviser’s exit stokes trade war fears
Oil prices fell on Wednesday, pulled down by declining stock markets after a key advocate for free trade in the U.S. government resigned, stoking concerns Washington will go ahead with import tariffs and risk a trade war. Soaring U.S. crude oil production and rising inventories also dragged on crude prices, traders said. Gary Cohn, economic […]