Of the total import in April, non-coking coal import stood at 17.40 MT against 15.15 MT in the year-ago month. Coking coal import was 4.97 MT against 4.77 MT. New Delhi: India’s coal import rose by 13.2% to 26.10 million tonne (MT) in April 2024 as buyers took fresh positions amid early onset of summer.… Continue reading India’s coal import rises 13% to 26 MT in April
Author: Economic Times of India Online News
Hero Future Energies on a USD 2 billion expansion roll
“We want to focus on integrating multiple technologies such solar, wind and energy storage instead of pure-play solar or wind projects,” he said, adding the company is also planning green hydrogen foray. Hero Future Energies, the renewable energy arm of the Munjal family-promoted Hero group, will invest upwards of USD 2 billion over the next… Continue reading Hero Future Energies on a USD 2 billion expansion roll
Rupee depreciation against dollar miniscule as compared to other currencies
The report also discussed India’s trade performance in May 2024, which saw a widening trade deficit. This widening was primarily due to imports rising at a faster pace than exports. The Indian rupee experienced significant volatility in June, largely driven by the impact of elections, Foreign Portfolio Investor (FPI) outflows, and a rise in oil… Continue reading Rupee depreciation against dollar miniscule as compared to other currencies
India’s coal import rises 13% to 26 MT in April
“India’s coal and coke imports in April 2024 through the major and non-major ports increased by 13.2% over April 2023,” the data showed. India’s coal import rose by 13.2% to 26.10 million tonne (MT) in April 2024 as buyers took fresh positions amid early onset of summer. The country had imported 23.05 MT of coal… Continue reading India’s coal import rises 13% to 26 MT in April
Essar to invest INR 30,000 crore in green hydrogen plant in Gujarat
Essar will use 4.5 GW of renewable energy by a sister concern Essar Renewables to split water molecules to produce hydrogen and oxygen. Essar Group plans to invest INR 30,000 crore over the next four years in setting up a green hydrogen plant at Jamnagar in Gujarat as the metals-to-infrastructure conglomerate eyes clean energy as… Continue reading Essar to invest INR 30,000 crore in green hydrogen plant in Gujarat
DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boost Gati Shakti plan
These infrastructure projects belong to the Ministry of Road Transport and Highways (MoRTH), the Ministry of Railways (MoR), and the Ministry of Housing and Urban Affairs (MoHUA). The 72nd meeting of the Network Planning Group (NPG) evaluated three major infrastructure projects under the PM Gati Shakti National Master Plan (NMP), a national master plan for… Continue reading DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boost Gati Shakti plan
FADA raises concern over car inventory build-up, seeks to reach out to SIAM
Updated On Jun 15, 2024 at 03:58 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The industry saw highest inventory levels in 2018-19. Consequently, FADA found that about 275 dealerships had to wind up the operations, with the PV segment taking the major hit. New Delhi: The passenger vehicle (PV) segment… Continue reading FADA raises concern over car inventory build-up, seeks to reach out to SIAM
US manufacturing group calls for stronger protection against Chinese imports
It also follows this week’s decision by European Union officials to impose punitive tariffs of 17.4% to 38.1% on Chinese EVs to combat a finding of excessive govt subsidies for the sector. A policy group led by the United Steelworkers union and domestic manufacturers is calling for the U.S. to enact stronger trade barriers to… Continue reading US manufacturing group calls for stronger protection against Chinese imports
Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat
Arnab Banerjee, MD & CEO, Ceat “Natural rubber has already hit around INR 200 rupees per kg, which is up from around 150, 160 three months back. So, we expect overall raw material basket to move up by about 5% to 5.5% by the end of quarter one, vis-a-vis end of quarter four,” says Arnab… Continue reading Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat
Delhi Metro Magenta line to be ‘unmanned’ by June-end
In the upcoming corridors of DMRC’s phase IV expansion, the train operations will also be driverless. Drivers’ cabins are being removed from metro trains in the Magenta line to make space for passengers. The trains will become fully automated by June-end. The driverless trains currently have a provision for train attendants, who will be removed… Continue reading Delhi Metro Magenta line to be ‘unmanned’ by June-end