Indronil Roychowdhury

CARE Ratings downgrades outlook for West Bengal power discom to BBB-

According to CARE, although the rating has been revised negative, the rating continues to draw strength from 100% government ownership, support in the form of grants and loans and large distribution network across the state w

CARE Rating, West Bengal power discom, Bengal power discom, Bengal power discom rating, West Bengal State Electricity Transmission Company, WBSETCL, economy news

Coal India’s flat Q1 growth puts stiffer tagets of management a far cry from reality

The contract for overburden removals are not yet finalised, for which there was slow OB removal in Q1, which hampered growth in production.

Industry News

Merchant bankers show CIL way to foreign acquisition

Coal India (CIL) has decided to go for an open tender for appointing a merchant banker to acquire coking coal assets in Australia, following a pre-notice inviting tender (NIT) meeting on Wednesday.

Industry News

Every department in Bengal government is scam-tainted: Mukul Roy

The government's undemocratic practices are intertwined with corruption, and it is for establishing the corrupt practices that the government is resorting to undemocratic means.

Mukul Roy, Bengal government, BJP, Mamata Banerjee, TMC, Saradha scam, Metro Diary, Left Front, CPM News

NTPC, WBPDCL provide life support to insolvent DCIPS

Insolvent DC Industrial Plant Services (DCIPS) has been given a window in getting handed over as a going concern with West Bengal Power Development Corporation (WBPDCL) and NTPC continuing to renew its old contract beyond the

Industry News

Smart Cities Mission: Smartening up with technology is key

Although the Centre has embarked on the Smart Cities Mission that seeks to revamp 100 cities, the pace of project implementation has been at odds with the demands of a fast-growing economy—just 31 projects worth Rs 1,882 cr

Infrastructure News

CIL shuts underground mining with Centre push to convert all mines profitable

A CIL official on the condition of anonymity said these were the two operational underground mines left and the rest had been closed down in the plea of converting every coal mine a cost plus mine.

Coal India Ltd, CIL, underground mines, Eastern Coalfields Ltd, low-cost operation, market news

Illegal coal mining slows amid strict vigil during Lok Sabha polls

Mine workers in Sardih, Salanpur, Khaskenda, Neokenda, Pandebswar, Harishpur and Haripur said illegal mining at present has come to a halt and the depots from where the illegal coal are despatched in dumpers have been shut do

Illegal mining slows amid strict vigil during polls News

Oversupply prompts tea growers to bring small holders under export chain

Oversupply of tea has led to drop in CTC prices by `30 a kg this year at the farm gate, although Orthodox prices were higher by `30 a kg this year, driven by higher demand for exports. “ We are carrying a 70 to 90 million t

Commodities News

Coal India keeps e-auction subdued for raising supplies to power sector

Although average premium gained in that auction was 54% but subsidiaries like Northern Coalfields Ltd gained as much as 84% premium in that auction.

Industry News

Kolkata Port Trust keen to win back Kanpur leather industry business

At one point of time, the entire Kanpur cargo had been handled by the KoPT but due to congestion the entire cargo shifted to JNPT.

Kolkata Port Trust, Kanpur leather, brass industry, Mundra port, Indian Oil cargo, Kolkata Dock System News

Green energy: Solar power accounts for 50% capacity addition in 2018

Issues like GST, safeguard duty, and land and transmission, however, took a toll on large-scale power installation due to which overall Indian solar market was down 15.5% in FY18.

Industry News

Transport of coal: Tribunal passes Rs 2,000 crore award in favour of Jindal ITF

NTPC’s ambitious plan to move coal from high seas to its generating station at Farakka via the inland waterways faces hurdles with an arbitration award of Rs 2,000 crore being slapped against it.

Setback for NTPC: Tribunal passes Rs 2,000-cr award in favour of Jindal ITF News

Mukesh Ambani’s Reliance Industries to invest Rs 10,000 crore in West Bengal

Speaking at the 5th edition of the Bengal Global Business Summit(BGBS), Ambani said Reliance Jio’s investment stands at Rs 28,000 crore in the state, one tenth of the total investment it has so far done in the digital space

Reliance Industries, Mukesh Ambani, Jio, BGBS, Reliance Jio investment, Mamata Banerjee, West Bengal   News

Japanese major Kawasaki Rikuso to set up 100 warehouses in Bengal

Kawasaki wants to export vegetables and fruits from West Bengal to Japan and later on to the nations of the European Union. This could create a market for surplus fruits and vegetables that are often sold at distress rates.

Industry News

Coal India banks on 8 railway corridors to boost productivity

Coal India (CIL) will be able to reach near its aspirational goal of producing 1 billion tonne by 2022-23 if all the eight proposed railway corridors are in place by then.

Markets News

Logistics industry: Warehousing looks to shed its baggage

It’s a sector associated with inefficiency, with logistics costs accounting for 13-14% of India’s GDP, as against 7% in most developed economies.

Logistics industry: Warehousing looks to shed its baggage

Electric Vehicle charging is in need of reforms at retail level; here’s why

The Switzerland government-promoted platform, Cleantech, meant for sharing Swiss experience in India about use of alternative energy, has pitched for looking at an energy selling model for electric vehicles like selling petro

tesla, bmv News

Bengali entertainment app Hoichoi now available at Airtel Digital TV

This makes the Airtel TV app one of the largest digital content portfolio holders in India.

Industry News

Kerela government ropes in Olectra-BYD to operate electric buses

Kerala takes a step ahead to put electric mobility in vogue by roping in Olectra-BYD, a leading player in electric public transport system, to run its fleet of electric buses in the state.

Infrastructure News

GAIL struggles to find gas buyers in West Bengal

With GAIL (India) putting its gas pipeline projects on the fast track, the company has gone on an overdrive to get customers, even though the response has been poor in states such as West Bengal.

Industry News

Coal fetches 102% premium in e-auction, surpassing the earlier highest of 95%

This price discovery is owing to the demand-supply mismatch, although coal production has achieved a double digit growth during the first six months of the fiscal.

Commodities News

‘FAME II subsidy not enough for transition to electric mobility’

The Union power ministry has asked all state distribution companies to evaluate a business model to set up charging stations for electric vehicles.

Industry News

What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion

The IBBI should consider the expansion of the committee of creditors (CoC) so as to take care of the dues of the unsecured and operational creditors, in particular, the workmen, according to legal professionals.

Committee of Creditors, IBBI, Insolvency and Bankruptcy Code, NCLT, resolution, legal professionals News

WBPDCL to mine its own coal to avoid spot power purchase

With the day-ahead power market achieving higher volumes (306 million units for Saturday delivery) and prices going haywire (Rs 10.54 at evening peak) on the Indian Energy Exchange, the power ministry has asked state discoms

coal, coal industry, coal sector News

Tata Steel inks 5-yr pact to supply steel to Usha Martin

This agreement is being viewed as part of the transaction that would take place while Tata Steel will complete the acquisition in six-eight months.

Industry News

GRSE enters civil construction sector

The government of West Bengal has banked on the PSU warship builder Garden Reach Ship Builders and Engineers (GRSE) to set up two set of bridges that have recently collapsed.

Industry News