India’s coal sector is in the limelight following a series of recent government decisions. A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year.
Sohrab Darabshaw
Tata Steel posts $163M quarterly loss as pandemic continues to pressure steelmakers
One of India’s biggest steel conglomerates, Tata Steel, has posted a “higher than expected” consolidated net loss during the January-March 2020 quarter of approximately U.S. $163 million. Compare this to its net profit of about U.S. $311 million reported during the same period last year and one can understand the enormity of the situation.
India slaps anti-dumping duty on steel products from China, South Korea, Vietnam
India has imposed definitive anti-dumping duty on certain steel products imported from China, South Korea and Vietnam after an investigation established these items caused injury to domestic producers.
India’s first natural gas exchange comes online
India launched its first natural gas exchange earlier this week. The Indian Gas Exchange (IGX) is a nationwide, online delivery-based gas trading platform for delivery of natural gas, Zee News reported.
Adani Green Energy expected to invest $6B toward Indian solar power projects
India’s onward march to boost its renewable energy capacity and build domestic capacity for making solar equipment got fresh impetus when Adani Green Energy Ltd won a bid to make 8 GW of photovoltaic solar power projects over the next five years. India imports about 90% of its solar equipment today, so this development could […]
World Steel Association forecasts 18% decline in Indian steel demand
Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%. A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported.
COVID-19 outbreak casts shade on India’s solar power sector
The COVID-19 pandemic has taken its toll on India’s solar power program.
Indian government launches coal reforms, aims to save on imports
Sector experts in India are hailing the new coal mining and mineral sector reforms announced a few days ago by the country’s finance minister, believing the reform will open up commercial coal mining, attract investments and save on India’s import bills, thus pushing self-reliance in coal production.
Steel Authority of India Ltd. looks to export market as domestic demand drops
Once, it used to be a major supplier of steel for most of India’s domestic consumers. But with COVID-19 and its subsequent lockdowns and the almost overnight disappearance of the steel market, the public company Steel Authority of India Ltd (SAIL) finds itself painted into a corner.
Indian steel sector critical of rise in country’s iron ore exports
The rising exports of iron ore, especially pellets, from India has put steel manufacturers and exporters at loggerheads. According to official figures, India’s ore exports between January and March 2020 were 8.9 million tons against 2.0 million tons during the same period last year. In fiscal year 2020, exports were at 25.14 million tons, up […]
