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Indronil Roychowdhury

Articles By Indronil Roychowdhury

244 Articles

Jute balers seek increased regulation for prompt payment from millers

The JBA, in a letter to the textile ministry, alleged that a sizeable number of millers delay payment or even refuse to clear outstanding dues despite the Centre’s order last year of making prompt payments to raw jute suppl

jute balers

Despite Mamata’s demand for removal, raw jute price cap necessary, says commissioner’s office

An IJMA member on the condition of anonymity, said despite the price cap, raw jute is being sold at Rs 7,300-7,500 a quintal, but millers will get sack prices on the basis of the capped price.

Deputy jute commissioner Koushik Chakraborty told FE there have been no orders from the Centre on removing the price cap of Rs 6,500 a quintal on open market operations.

‘Increasing production and protecting environment are equally important to CIL’

Pramod Agrawal, CIL chairman and managing director, speaks to Indronil Roychowdhury on the company’s action plan to fulfill its agenda. Edited excerpts:

Pramod Agrawal

Odisha approves Rs 1.5L crore investment in six months, mulls amendment to IPR-2015

The state's IPR- 2015 was mainly targeted towards investments in ancillary and down stream to metals industries, besides food processing, ESDM (electronic system design and manufacturing skill), IT, ITes and tourism industrie

Freight movement: Better connectivity with NE in pipeline

The India govt-sponsored Sittwe port project in Myanmar, nearing its end, is a vital part of the agenda to up trade with the 7 states and neighbouring nations

The $120-mn Sittwe port is a part of the India-sponsored $448-mn Kaladan Multi Modal Transit Transport Project (KMMTTP), which aims to connect Kolkata to the NE via the Bay of Bengal.

India moves a step ahead in net zero pledge with CIL pilot ensuring significant CO2 emission reduction

The results were from a pilot project involving only two open cast mines, which means MCT and CHP can go a long way besides CIL's 3,000 MW of renewable target, clean coal, gasification and plantation initiatives in meeting it

Hence, environmental and economic benefits for the country would be significant when FMC projects of 415 MTs become operational by 2024, the CIL executive said.

As non-exec headcount falls, wage revision impact likely to be softer for CIL

The PSU is witnessing reduction in employees to the tune of 13,000-14,000 per annum, and the fall is likely to grow due to natural attrition in the coming years.

To come up at an investment of around Rs 10,500 crore, FMC projects will lift the total mechanised loading quantity to 566 MT.

Coal India deploys additional third party samplers to lessen grade slippage

Basalts are mainly found in the mines of the Rajmahal area under the Eastern Coalfields (ECL) and those are removed as overburdens. But plants mainly linked with the ECL are facing the problem, though most of the mines in oth

While they agree that the primary reason for grade variation is the inherent heterogeneous nature of Indian coal having difference in calorific value of coal extracted within the same seam at different points, they allege, many a official in charge of stock at the CIL pit heads are forced to mix basalt with coal for the purpose of over reporting.

Rise in paddy MSP prompts West Bengal to increase bank guarantee amount for rice mills

While a section of rice millers says that the increase in BG would put pressure on their working capital, Bengal Rice Mill Association is of the view that the increase wouldn't matter since the government gives paddy for mill

There are also loopholes in the system of supplying paddy to the mills, requiring checks, a district controller of food on the condition of anonymity said.

CIL jittery over coal ministry’s stiff stock target

A former CIL CMD said on the condition of anonymity that the ministry's demand means to supply 48 days' coal requirement in 30 days. “The PSU miner's production will depend on its capacity and capacities are not built overn

Meeting the power plants' regular coal requirements and creating an 18-day stockpile would entail coal despatches of 109 MTs to the power sector during November.

Less coal supplies from CIL subsidiaries leave Damodar Valley Corporation’s thermal units with no stock

The 500 MW Chandrapura TPS, 2,340 MW Mejia TPS and the 1,200 MW Raghunathpur TPS have no coal stock at their plants.

The three DVC plants in the state including Bokaro, Chandrapura and Koderma have not been generating enough to steadily supply power to the state.

India losing out on paper exports to China; mills shut down for input cost hike

Indian paper exports, which had reached to almost 1 lakh tonne per month with China demanding fresh Indian paper instead of imported old corrugated cartoons (OCC), are now badly hit. High production costs have come as a barri

Mjunction auctions 11,00,000 tonne of NLCIL coal to supplement CIL supplies

The 43 operational mines have a peak rated capacity of 145 million tonne. These mines produced 37.5 MTS last fiscal and has set a target to produce around 82 MTs this fiscal. But till September, these mines have produced a li

Although neither NLCIL nor Mjunction wanted to disclose the amount lifted off the offered quantity or the premium fetched from the auction, a ministry official said only NLCIL has supported with supplies at the hour of crisis.

Power plants get back to stock building as CIL gradually escalates supplies

The increasing supplies have also impacted the power market bringing the average spot power prices down to `3.76 a unit from `14 a unit a week ago.

power-plants

Mahagenco’s regulated coal intake puts Maharashtra under power crisis

The letter Mahagenco wrote to WCL in June, stated that Mahagenco's 2,880 MW units including Parli, Bhuswal and Paras TPS were completely under reserve shut down and therefore the CIL subsidiary was requested to supply 10.5 ra

Each rake loads an average 4,000 tonne and cutting down by 11 rakes a day would mean reducing 44,000 tonne of coal intake per day.

Coal ministry seeks CIL nod for listing CMPDIL

Though neither CIL officials nor CMPDIL officials wanted to comment on the issue, a source in the CIL said, the ministry is awaiting the CIL board's nod.

The ministry has requested CIL to take up the issue on its board for approval from its directors and "send the said approval to the ministry of coal for getting further clearances."

Aviation: Laying runway for sector’s take-off

The 100-day plan announced recently by the civil aviation ministry is part of a larger agenda to create a vibrant aviation ecosystem in the country

The ministry has also announced a new policy for Maintenance, Repair and Operations (MRO) activities.

DVC plans Rs 15,000 crore investment for solar and pump storage facilities

DVC, at present having an installed capacity of 6,897 MW and managing four dams, wants a JV with NTPC for implementing the solar power projects, to come up in phases.

DVC would put up the pumping storage facility on its own at Lugu Pahar, Bokaro district in Jharkhand and lift water for storage during off-peak hours.

Agri commodities have taken the No. 1 spot in respect of transaction volume: Surinder Kumar Gupta, chairman & MD, MSTC

We conduct auctions for majority of the PSUs, electricity companies, central & state government departments & many reputed private companies.Our diversification in modules for e- auction and e-procurement has come through 19

Surinder K Gupta, chairman & MD, MSTC

Power plants’ regulated coal intake resulted in shortage at their end: CIL

Despite overdues of Rs 17,000 crore from gencos generating 20,000 MW as of July, CIL has not stopped supplying coal to power plants, though supply is restricted to the minimum quantity required. State gencos of Maharashtra, R

“In the coming days, supplies from the coal companies to the power plants is expected to improve further to stand by the nation in these critical monsoon months and meet the demand of the power sector,” it said.

Tata’s Tetley, Vahdam tea bring fusion products to wellness segment

While Tata Consumer Products' Tetley has launched Tetley Immune Green with added vitamin C, which supports the immune system, Vahdam has already come out with a range of turmeric tea, which is organic, caffeine-free and immun

Punnet Das, product president (packaged beverages India and South Asia) of Tata Consumer said, Tetley is amongst the early players in India that have "disrupted the green tea category with innovation".

Vahdam Teas taps gardens for deeper penetration overseas: Industry looks for change in sourcing pattern of brew

Amid all the hard-talks between the North Eastern Tea Association (NETA) and the Tea Board of India regarding the changes required in price sharing formula ( PSF) between growers and manufacturers, the disputes in minimum ben

According to Bidyananda Barkatkoty, former vice-chairman of Tea Board of India, green leaf prices are fixed on demand and supply.

Mining: Digitisation can wait no longer

With mines being bagged at high prices under new auction regime, optimising processes and cutting costs has become vital to a sound bottomline for players

Public sector behemoth Coal India Ltd (CIL) has roped in Accenture Solutions Private Ltd as a consultant to digitalise mining in seven open cast mines.

Braithwaite nears deal with Ukraine for 5,000 railway wagons

Braithwaite will only supply the wagon frames without any wheels and that too would be supplied in parts and pieces, Braithwaite’s chairman and MD Yatish Kumar told FE.

Braithwaite will only supply the wagon frames without any wheels and that too would be supplied in parts and pieces, Braithwaite’s chairman and MD Yatish Kumar told FE.

Goodricke’s white tea fetches above Rs 27,000/kilo at Tea Board’s special auction

The auction price commanded a near 450% premium with the reserve price for the variety kept at Rs 6,000 a kg.

There are a whole lot of Indian connoisseurs, especially in eastern India, for such handcrafted delicate variety and this could be the reason the Kolkata and the Siliguri based bidders paid the highest price for the finest of varieties, Asthana said.

Jute MSP raised, prices in open market may be unremunerative next crop year

Production in the coming crop season is estimated to reach 90 lakh bales from around 55 lakh bales produced during the current crop season. The Centre has already fixed the MSP at Rs 4,500 a quintal for the coming crop season

Cost of cultivation has been around 20% higher at Rs 48,000 an acre for the coming crop season, and this coupled with a bumper production will hit prices at the farm gate, Lahoti said.

Pandemic actually enhanced our operational efficiencies: Shashi Kiran Shetty, founder & chairman of Allcargo Logistics

The pandemic actually enhanced our operational efficiencies and in the process we are realigning the management heads of our global operations spread across more than 70 countries.

Shashi Kiran Shetty, founder and chairman, Allcargo Logistics
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