Lesser allocation of mines to steel, cement and captive power plants in the coal blocks auction may increase their dependence on costlier imported fuel, says rating agency ICRA.
Tag: Cement
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Government plans big push for coastal shipping
The government is mulling over a scheme to promote coastal shipping. According to the proposed plan, a subsidy of Rs 0.5 per tonne per km on bulk cargo, a rebate of Rs 2,000 per container for container cargo and an additional 20 per cent rebate on vessel/cargo-related charges would be offered.
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Govt for e-auction of coal blocks
The government has cleared an ordinance for e-auctioning of coal blocks that enables commercial mining by private companies in future.
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Captive RE is the most viable option for energy security
Regional Manufacturing Support Organisation (RMSO), Holcim - South Asia Region.
Dealing with changing fuel market dynamics, while keeping the production cost to minimum is a challenge.
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The Water Route
Coastal shipping and inland waterways transportation (IWT), the two significant modes of domestic water transportation, both provide fuel and cost savings over road and rail transport. Water as a mode of transportation holds significant importance in an economy
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A blueprint for private participation
Though PPP in coal mining can enhance coal production, the successful implementation of a PPP structure largely depends on the balance between risk allocation and financial gain.
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Core infrastructure posts strongest growth in April
Finally, bringing some relief to the Centre the core infrastructure industries have rebounded in the month of April. The surge in infrastructure output from 2.5 per cent in March to 4.2 per cent in April indicates an uptick in the economy.
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Demand and supply only control cement prices: Govt
The control over price and distribution of cement has been removed since 1989. The industry was de-licensed in 1991 under the policy of economic liberalisation. Cement has also been removed from the list of essential commodities. Thus, presently the prices of cement are governed by the market forces of demand and supply.
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J&K govt to set up new cement plant in Khrew
To capture local market share for cement, the Jammu and Kashmir government will set up a cement plant with 1000 tonne per day capacity. The Government on July 31 decided to set up one more 1000 tonne per day cement plant in public sector over 12 hectares at the existing J&K Cements plant at Khrew in Pulwama, an official concerned said.
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RBI steps may hit home sales, cement, steel volume growth
In a research note, rating agency CRISIL said new home sales may decline 400 basis points (bps) and volume growth for steel and cement may shrink about 100 bps owing to the liquidity tightening measures of the Reserve Bank of India (RBI). In order to stabilise rupee exchange rate against dollar, RBI raised short-term interest rates and restricted amount that bank