Indronil Roychowdhury

Articles By Indronil Roychowdhury

177 Articles

Coal India under financial stress as power sector dues mount

At a time when the government is bringing in reforms to end Coal India’s (CIL) monopoly while also allotting funds to enhance evacuation following the setting of a target of producing 1 billion tonne by 2024, power sector d

Some of the subsidiaries are forced to withdraw its fixed deposits before maturity, while also looking for credit lines to meet their working capital needs. News

Bengal discom may seek govt guarantee for bank loans to meet expenses

West Bengal State Electricity Distribution Company (WBSEDCL) is likely to seek bank guarantee from the state to take fresh loans so that it can meet salary expenses for its 18,000-odd workers for May.

he agency expects PFC’s tangible common equity/tangible managed asset (TCE ratio) to fall by about 90 basis points if added to its balance sheet. News

West Bengal to restart paddy procuring process from May 1

Though the state is looking at bumper crop this season, but there are problems in harvesting for lack of labour, since most labourers are engaged in executing MGNREGA schemes.

The state announced procuring 52 lakh tonne of paddy this year out of which 30 lakh tonne has already been procured. (File image) News

Coal ministry’s 710 million tonne production target makes CIL stakeholders jittery

The ministry could have set a target of removing the huge burden and could have kept coal at exposed seams. As and when required coal could be extracted out of the seams.

Industry News

Covid-19 could hardly dent the earnings of Darjeeling first flush

West Bengal chief minister Mamata Banerjee has allowed resuming operations in the gardens of Darjeeling, Doars and Terai with a workforce of 25%.

Industry News

Bengal jute mill unions threaten stir if wage for coronavirus lockdown period not paid

The jute section of the Ministry of Textiles has granted dilution of up to 6.46 lakh bales of jute of 21.55 lakh bales that have been indented for manufacturing HDPE/PP bags in 2020-21.

CII, FICCI, ASSOCHAM, NASSCOM, MHA’s nod to open factories News

South Indian tea gardens reopen as North Indian gardens still finding a way out

Tea garden owners of Assam, who are looking forward to resume operation, want a comprehensive safety protocol from the government, though they felt the industry standards were good enough to prevent the risk of spreading coro

tea estates india, north indian tea estates, south indian tea estates, tea estates operations India, coronavirus impact on tea estates in India, coronavirus impact on economy, coronavirus impact on markets, tea estates Assam, tea estates Kerala, tea estates Tamil Nadu News

Assam looks forward to reopening tea estates for fresh supplies to market

Arun Kumar Ray, deputy chairman, Tea Board of India, told FE that the state government will have to do the coronavirus management.

Markets News

Coal India touches a new high in per day output making despatches an issue now

The company has peaked a high off producing 3.17 million tonne on March 20 this year, the highest ever single-day production, overtaking 3.14 MT that it produced on March 25 last year.

Industry News

Calcutta Leather Complex sees green shoots amid virus crisis

The US has been mainly sourcing industrial safety gears from China but the outbreak has prompted the US to shift the sourcing point.

But the problem lies with the export consignments of finished leather goods, worth more than Rs 500 crore, which are lying locked in the tanneries itself. News

SBI pushes for uniformity in lending to gems and jewellery sector

SBI was working on a policy framework to standardise lending practices to the gems and jewellery sector and was looking forward to extend it to other banks through Indian Banks' Association.

Banking & Finance News

CIL’s e-auction offer likely to surpass 10% of production despite muted demand

The e-auction offer has already surpassed 69 MT between April to January and this quantity includes spot e-auction, special forward e-auction, special e-auction and exclusive non-power e-auction.

The backlog arrears for the non-power sector which stood close to 5,140 rakes at the beginning of 2019-20 were cleared by 4,230 rakes. News

Drones not trucks to carry cargo to ships? Civil aviation ministry may open up skies for faster transportation

The committee will identify green, yellow and red zones for demarcating the areas of the drones to fly.

drones, cargo drones News

Indian Railways PSU Braithwaite to take over Howrah unit of Burn Standard; here’s why

The company clocked a turnover of Rs 317 crore and reported a net profit of Rs 9.41 crore in FY 19 against a turnover of Rs 130 crore and net profit of Rs 2.6 crore in FY18.

Infrastructure News

Basmati exports to take a hit this fiscal due to low buying from Iran and Saudi Arabia

On the other hand, DGCIS sources said that Iran, the largest rice importer, has been seemingly balancing its import of rice with its export of crude oil to India.

Commodities News

Coal India production bounces back to growth, miner creates 18-day stock for power plants

These power plants currently are flushed with 31.63 million tonne (MT) of coal, which is more than twice the stock which these units had during the same period a year ago.

At the end of December, total pit head coal stock stood at 25.3 MT, up by 2.1 MT than the year-ago period. (Representative image) News

Falling tea prices woo garden owners in Assam to monetise land assets

Tea being sold at an average price of Rs 150 per kg for the last five years is an absolute loss and there is no margin unless Rs 200 per kg is fetched.

Industry News

Renewable Energy: Some wind in solar auction sails

While a host of factors have contributed to the fall in sentiment from the highs of FY17 and FY18, the prospects for rooftop solar are looking up

solar project in Australia, solar project, Sterling and Wilson Solar, Sterling and Wilson Solar project australia News

Coal India spends a lot on salaries and wages; land acquisition is getting tougher, says director AK Jha

From a level of 490 MT in FY15, the company’s production grew to 607 MT in FY19 and then it targeted a production of 660 MT for the current fiscal, which have been hit due to heavy monsoons.

Asia, coal addiction, climate change, UN chief, coal, ASEAN, economy news, united nation News

Coal India banks on enhanced evacuation to make up for short supplies

SECL is expected to play a lead role in Coal India’s 1 billion tonne coal production aspiration by 2025-26 with a contribution of around 26% at 262 MT, the CIL official said.

Industry News

Kolkata Metro: Wait for India’s 1st underwater metro tunnel gets longer; 1.1-km underground stretch collapses

Work on the other lines under construction, which together with the operational North-South Corridor and the East-West Corridor, were to ensure 100 km of Metro connectivity for the city by 2021, too has been facing issues.

Kolkata metro, Kolkata metro plan, underwater travel, East-West Corridor, Kolkata High Court, North-South Corridor News

Tea prices remain flat for nearly 7 years

There was a record production of 1,328 million kilograms of Assam and Dooars tea in 2018 and despite a production shortfall for the rains there wouldn’t be any short supply in the market this year.

Commodities News

How Port Community System, an e-commerce portal, is changing India’s maritime infrastructure

PCSIx, a cloud-based new generation system, brings together the different stakeholders of the maritime sector on a single platform.

Infrastructure News

Rains trigger paddy sowing, farmers worry yield quality

Generally, farmers sow their paddy seeds for the Amon crop within the second week of August with the rain arriving between July-end and first week of August.

Rain, paddy, paddy sowing, paddy farmer, yield, yield quality, paddycrop, paddy seeds News

Exports to grow at double-digit this fiscal: Commerce Secretary Anup Wadhawan

However, commerce secretary Anup Wadhawan said exporters must move up the value chain to sustain the growth momentum in the coming years

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Tata Steel to restructure business, cut capex to Rs 8,000 crore in FY20

Considering the low demand that the steel giant is currently facing, it is going to make a downward revision of its capex for the year, which would be brought down to Rs 8,000 crore from Rs 12,000 crore originally.

Tata Steel, Tata Steel restructure, annual capex, TV Narendran, Indian entities News

Hind Copper bets big on electric vehicles, renewable energy to drive demand growth

State-owned Hindustan Copper expects electric vehicles and renewable energy to drive the demand growth for copper in India, taking the per capita consumption from a level of 0.5 kg to 1 kg by 2020.

Industry News
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