In the first four months of this fiscal, India's coal imports jumped 32 per cent. India imported 58.3 million tonne of coal between April and July, against 44.2 million tonne in the corresponding period last year.
Tag: 2013
Post
Post
Crude Oil Output Dips
Indian oil refinery companies have imported 15.944 million tonne of oil in July against 14.594 million tonne in the same month last year as the domestic crude oil output has diminished.
Post
CIL plans Rs50 bn Investment
Coal India (CIL) has earmarked Rs 50 billion for capital expenditure on its domestic operation during 2013-14. Also, the monopoly coal producer made an ad-hoc provision of Rs 40 billion for acquisition of assets abroad
Post
IOCs LNG terminal at Ennore
By the end of 2013, Indian Oil Corp (IOC) plans to begin work on its liquefied natural gas (LNG) terminal project at Ennore near Chennai.
Post
CIL to Adopt Modern Technology for Mining
Coal India (CIL) is on its path of modernisation. It has adopted modern technologies for coal mining and proposed to further modernise mining operations in its mines.
Post
CMPDI Drills Mines for Coal Exploration
Till July 2013, the Central Mine Planning & Design Institute (CMPDI) carried out 2.16 lakh m of drilling for coal exploration compared to government's set target of 9 lakh m.
Post
Ministry Allows Sovereign Funds to Invest in Tax-free Bonds
Reports indicate that the Finance Ministry allowed sovereign wealth funds to invest in debt instruments floated by state-run companies. It may be noted that the government allowed 13 state-run firms to raise around Rs 48,000 crore by selling tax-free bonds in 2013-14
Post
Banks Wary of Lending to NBFC Sector
In the 12 months to June 2013, growth of bank lending to non-banking finance companies (NBFCs) declined to 1.9 per cent compared to 44 per cent in the year-ago period. Banks are said to be wary of lending to NBFCs following stricter guidelines issued by Reserve Bank of India (RBI).
Post
Ficci sees $906 bn Investment
Indian construction industry is expected to see investments of over $906 billion this Plan period, according to the Federation of Indian Chambers of Commerce and Industry (Ficci) Deputy Director Jasmeet Singh
Post
ADB Lends $300 m for Highway Project in Bihar
The Asian Development Bank (ADB) and the Central Government signed an agreement for $300 million in additional loan to upgrade 254 km of severely deteriorated highways in northern and southern Bihar.