Indronil Roychowdhury

Articles By Indronil Roychowdhury

185 Articles

Coal India recasts e-auction sales while confronting financial stress

The dues are essentially from the power sector, especially from the state gencos of Andhra Pradesh, Telangana and West Bengal.

Immediately after the fiscal end, Covid-19 and the lockdown had hit the economy further estranging CIL's cash realisation.

Logistics sector: Covid-19 alters logistics of trade

Growth in e-commerce has led to a demand for temporary warehouses, with occupiers seeking alternative sites to service customers better, even as prospects remain good for the sector

As for investors, there is a growing trend towards acquisition of logistics platforms rather than individual assets.

Volatile coking coal market fluctuating cost of steel production

October 1, 2020: The price of coking coal required for PCI, the technology used for reducing steel production cost, went up from an average of $61 per tonne in FY16 to $126 in FY19 and came down to $101 in FY20.

The steel demand in India has been estimated to go up to 255 mt by then,” said Singh.

Despite 70% surge in domestic prices, Indian tea exports feel pandemic heat

Indian tea exports fell both in volume and value terms between January and June 2020, but the declining trend between April and June further deepened in volume terms

But August auction prices of both Assam and West Bengal tea this year has shown a declining trend, fetching an average price of Rs 250 per kg.

Braithwaite eligible for Miniratna Category II tag

The company’s net profit in FY20 has grown more than 151% against FY19. “All these [factors have] made us eligible to become a Miniratna Category II company, which will enable Braithwaite to explore the overseas market an

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Tea industry in doubts even as prices increase

This price trend has to remain stable if the industry has to see profit for the entire year even if production in June, July and August are robust and a part of the crop loss is recovered.

Bharti AXA General Insurance is a joint venture between Bharti Enterprises and AXA, one of the world's leading organisations with interests in financial protection and wealth management.

Coal mining: Focus on evacuation to lift output levels

Prospects for producing 1 bn tn of coal by 2025-26 have improved with announcement of a spend of Rs 50,000 crore

The move to create better evacuation infrastructure is part of the government's target of producing 1 billion tonne of coal by 2025-26 – 729 MT was produced in FY20.

Raw jute prices come down to below MSP due to low capacity utilisation of mills

Although the jute mills were exempted from lockdown by notifications of the Union home ministry, West Bengal had enforced complete shutdown of jute mills until April 19.

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.

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.

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)

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.

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%.

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

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

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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.

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.

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.

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.

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.

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.

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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.

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.

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)

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.

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

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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.

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