Hindsight: This was a reasonably good year for O&G in general, in particular for India. The government has performed very well. For the first time, it took some concrete and bold steps, and ensured deregulation of transportation and petrol, distinguished bulk from retail transport. There is some disparity there, needing some practical solutions.
Tag: India
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Power: Satisfactory in parts
Hindsight: The electrical equipment industry, after experiencing a healthy growth since 2009-10, declined to -7.8 per cent in 2012-13.
However, the industry revived in the first half of current fiscal (H12014) and grew at 6 per cent mainly backed by rise in domestic demand.
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Steel: Bullish long term!
Hindsight: It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slowdown in steel-consuming sectors like automotive and construction. However, as we have opened up new market segments like SME and further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12% over last year which is much better than the market.
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Reform agenda: Hoping for relief
Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.
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Setting quality and innovation benchmarks in plastic piping
Supreme is credited with pioneering several products in India. uPVC SWR drainage system, Aqua Gold high pressure plumbing system, Indo green PPR hot and cold water system, Eco-drain structured wall pipes and Nu-drain underground drainage and sewer system with ready-made inspection chambers and manhole are some of the path-breaking plastic piping products introduced by the company.
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Logistics and Warehousing: Reduce bottlenecks
Hindsight: 2013 has been a mixed year for the infrastructure sector which, on one hand, saw a slew of government initiatives:
Road regulator, facilitating faster completion of road projects, faster transportation, decreased fuel consumption, and encouraged development of access-controlled expressways
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Taking stock: Domino effect – Too late to stop?
Is the worst over for infrastructure? The fact that this question lingers is perhaps testimony to the uncertainty that prevails. Unrealistic bids, bureaucratic slowdown, social groundswell, coal scam, mining scam ... the list of factors that has created seemingly unstoppable negativity seems daunting. The government mainly the Prime Minister´s Office had to repeatedly intervene to address frustratingly sticky problems confronting the infrastructure sector.
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Increased prices have enthused us to explore more gas fields
It´s been a good year for O and G, setting the right agenda for reforms and increased private participation in exploration, says LK Gupta, MD and CEO, Essar Oil, in a conversation with Shashidhar Nanjundaiah.
Will you participate in the upcoming 10th round of NELP?
We have not yet taken a call. If we find value, we will consider it. We are currently more focused on completing our Ranigunj CBM fields and running our Vadinar refining plant optimally. This is a period where we are preparing for f
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Re-igniting the spark
With government taking initiative to de-bottleneck the energy sector growth and boost country´s economy, oil and gas majors are busy addressing risk factors and multitasking to integrate their business model in order to ensure future growth, says Pradeep Pandey.
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Land Acquisition Act 2013 | Towards a participatory model
Land Acquisition for major economic projects has shot to national attention lately and captured media space and informed discourse. DK Ojha explains the salient features of the new Land Acquisition Act and recommends that land requirement should be indicated in advance for speedier implementation.