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.
Tag: India
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 […]
This Morning in Metals: U.S. import prices rise 1.0% in May
This morning in metals news, the Bureau of Labor Statistics reported prices of U.S. imports increased in May, Alcoa will begin the formal process of dismissing employees at the San Ciprián aluminum smelter, and India wants its oil and gas producers to use more domestically produced steel.
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.
How reliable are India and Pakistan’s supply chains in the current environment?
A disturbing article in the usually sober British newspaper The Telegraph makes for difficult reading for consumers with supply chains dependent on the Pakistan or Indian subcontinent. It suggests, for different reasons, both countries are significantly underreporting the level of coronavirus deaths. In the process, both countries could be a ticking time bomb for a […]
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.
India charts its own path through the coronavirus pandemic
The fear, so far largely unfounded, at the start of the pandemic outbreak is that it would be bad for developed economies with well-funded health care systems but disastrous for developing economies with immature or underfunded health care systems. The reality has been much more mixed.
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 […]
