Indronil Roychowdhury

Articles By Indronil Roychowdhury

211 Articles

Jute mill owners face capacity constraints to take export orders

Export orders from Europe, East & South East Asia, West Asia, Africa, South America, North America and the Caribbean Islands started increasing mostly during the last quarter of FY21.

“Such a situation has caused the millers and the jute commissioner to lock horns,” one mill owner said.

Commercial coal mining by private players won’t destablise Coal India: CIL chairman Pramod Agrawal

The just-concluded fiscal year was a challenging one for Coal India (CIL), with the company having to cope with demand decline and import substitution, even as it faced issues with coal quality.

coal india

GAIL wants full ownership of Bengal Gas; state govt not keen

BGCL plans to roll out 130 CNG stations and give piped gas connections to 12 lakh households in the next five years.

GAIL and GCGSCL had entered into a 74:26 JV in 2017 for the business of city gas distribution, but GCGSCL's cash constraints are said to be coming in the way of the project's progress.

Safety unawareness main hurdle in growth of PPE business: Ajay Kumar Mall, MD, Mallcom

Till 2008, we were a 100% exporting company but now 32% of our turnover comes from the domestic market. But of our 68% revenue from overseas, 65% comes from Europe.We are also fairly present in Chile, Peru, Bolivia and especi

These products cater to a range of industries like aerospace and aviation, agriculture, automobile and auto ancillary, bio technology, cement, chemical and the infrastructure sector as well.

Indian Railways connectivity gets big boost in poll-bound West Bengal; Check details

Completion of work on the North-South Metro corridor in Kolkata and inauguration of several railway projects will boost connectivity in the state

The inauguration of the 4.1-km Noapara-Dakhineswar stretch, a part of the Airport-Dakhineswar Metro project in Kolkata, happened after a delay of eight years.

CIL to get Rs 660 crore as net quality bonus this fiscal

During the first two months of the current fiscal’s fourth quarter, grade slippages declined further to 23% compared to 42% during the same period last fiscal.

But certain customers are still in a notion that the PSU miner bills for a higher grade of coal than they supply.

CIL to invest Rs 47,000 cr to enhance productivity

While a chunk of the investment earmarked will go in expanding the existing 24 projects, there will be fresh investments made in 8 new projects. All the 32 projects together will have a peak capacity to produce 496.5 MTPA.

coal india limited

Tea industry sees relief in increased budget for Tea Board schemes

The Indian Tea Association said that in addition to the existing National Health Mission the allocation of Rs 64,180 crore under the Pradhan Mantri Atma Nirbhar Swathya Bharat Yojana and the allocation aggregating Rs 59,000 c

Industry fears lower sugar output as more mills sign ethanol contracts with OMCs

But higher sugar export means higher water export, since sugarcane is a water-guzzling crop requiring around 3,000 litres of water for every kilogram of production, Alok Pandey, head of the sugar programme Solidaridad Network

The ISMA expects additional incentive this season above the Rs 6 per kg subsidy given last year for exports, as the Centre wants to give a boost to sugar exports.

L&T enters Bangladesh with mega value orders

L&T’s power transmission & distribution business would design, supply, instal, test and commission extra high voltage transmission lines on turnkey basis to cater to the power demand in emerging load centres and the greater


CIL lines up 26,000-crore investment to diversify, mitigate environmental hazard

The diversification would include creating a solar portfolio, setting up coal to liquid projects and surface coal gasification projects. Mechanising transportation and increasing the number of washeries would mitigate environ

It saved another Rs 126 crore bringing down miscellaneous expenses during the same period.

Financing commercial coal mining: Banks to look into multiple factors

Banks would look into factors like demand, prices and transport arrangements on which depended cash flows. Customers to whom supplies would be made and the contracts entered into would also matter as also the historical behav

banks, corporate governance, rbi policy, demonetisation, gst

Assam wants tea to go directly from gardens to globe, banks on six airports for agri exports

Assam chief minister Sarbananda Sonowal said the state having six airports, the highest in the country, was trying to take advantage of the cross-border markets, which could make it an export hub of agricultural produce.

India is the second largest tea producing country of the world and the crop is grown in states like Assam, West Bengal, Kerala among others.(Representative image)

CIL looking at import substitution as Indonesian coal prices soar

In the wake of the Indonesian government setting the November average free on board (FOB) coal prices at $55.71 per tonne, up 9.2% from October’s FOB value, CIL has started talking to importers to find if they could meet th

‘Size of real estate market will reach $1 trillion by 2030’ | INTERVIEW

"Problem of housing for common people is as acute as the other problems the country has been facing since Independence."

real estate, hoiusing, investment in real estate, national housing policy, GDP growth, Ketan Sengupta, Bengal Peerless Housing Develooment

Non-basmati rice export to Bangladesh may result in higher paddy prices

Bangladesh has issued tenders for importing non-basmati rice, which is likely to bail out West Bengal from an abundant situation.

non-basmati rice export, exports to bangladesh, rabi season, rabi crops, MSP of rice, indian rice export, paddy prices

High coal prices a dampener for gencos

Steep freight rates charged by railways and a host of taxes and levies on coal are adding to the problems faced by the sector

High-priced Punjab seeds push potato production costs in West Bengal

Seeds from Punjab were required as Bengal's production were low at 8.5 million tonne last year, against the capacity to produce 11.5 MT from 4.6 lakh hectare.

Potato prices, which have been hovering between Rs 4,000 and Rs 5,000 per quintal across the country for quite some time, have already started softening.

Dharmendra Pradhan hints at short-term ban on iron ore exports to boost construction

Domestic iron ore prices across grades has doubled from Rs 4,000 per tonne to Rs 8,000 per tonne on an average, causing a spike in the cost of steel production.

Cabinet to take up proposals on mining reforms soon

There is also a proposal to develop a comprehensive and broad-based mineral index for determination of levies and taxes on the lines of recently launched National Coal Index. The objective of these changes is to attract more

The mines ministry also proposed to seek amendment the relevant provision of the Act and rules to make National Mineral Exploration Trust functioning fully as an autonomous body.

Centre to bear higher subsidy for procuring jute bags this Kharif season

The Jute mills, generally keeping there months of raw jute stock, have committed supplying bags equivalent to 14 lakh jute bales against an indent of 24 lakh jute bales for the Kharif season.

The JCI, given the price situation, has sought police help from the chief secretaries of the jute growing states of West Bengal, Bihar, Assam and Tripura to embark on random inspection for enhanced regulation of the raw jute market.

Coal India likely to decide on share buyback on November 11

CIL shares recently registered their 52-week-low at Rs 109.50 per share, whereas the 52-week-high has been at Rs 215.85 per share. The company's stock closed at Rs 121.75 on Monday.

Centre’s draft electricity rules overrides state, regulators’ jurisdiction, say CERC, WB govt

The Central Electricity Regulatory Commission (CERC) has virtually termed the rules, null, saying that “rules must be made to enable legislation” of the Electricity Act (EA) 2003.

Electricity is a concurrent subject, with specified powers and jurisdiction for the Centre and states.

Jute bags shortage to hinder govt’s kharif procurement

The jute mills, confronting a raw material crisis with low yields of raw jute for the Amphan in West Bengal and floods in Assam,are also combating price rigging and hoarding of the golden fibre thereof putting the industry in

Coastal power plants scale up coal imports, as freight, other imposts jack up local fuel prices

Coastal power plants in the southern and western India, being away from the Coal India (CIL) pit heads, are finding imported coal, especially shipments from Indonesia, far cheaper than domestic coal as high rail freight and a

Bengal discom banks on distribution overhaul with World Bank loan to optimise cost of supplies

The discom's in excess Rs 12,700 crore regulatory assets or previous losses recoverable from customers, can be realised by a tariff hike.

The discom's total debt, including market borrowings, regulatory debt and working capital loans stands at above Rs 18,700 crore.

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.
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