India’s steel exports are likely to decline in the next fiscal year starting April 1 on higher domestic demand from automotive and infrastructure companies, analysts said.
Exports of finished steel during the April-December period of the ongoing fiscal year increased marginally to 6.5 million tonnes from 6.36 mt in the same period last year, according to provisional figures released by the Joint Plant Committee
The Ministry of New and Renewable Energy’s new proposal for developers to blend renewable and thermal power may not find many takers, according to renewable energy consultancy firm, Bridge To India. Because of limited number of potential bidders, the scheme would not attract very competitive bids and may therefore not be cost attractive for discoms, it said.
The government plans to complete three of the 22 expressways and green corridors in the next three years, including the flagship Delhi Mumbai Expressway being built at a new alignment, Union minister Nitin Gadkari has said. These 22 projects comprising 7,500 km of greenfield expressways and corridors are planned to be completed by FY25 at a cost of ₹3.10 lakh crore.
In line with its plans to open up the country’s coal sector, the government has called meetings with various stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining. This meeting will be held in Kolkata and Mumbai on January 28 and 29, respectively, the coal ministry said
Birla Corporation is increasing its total cement manufacturing capacity in the next three years to around 20 million tonne per annum (mtpa), spread across western, northern and central India.
It is constructing a 3.9 mtpa factory, along with a 40 Mw power plant and a 10.6 Mw waste-heat recovery one, at Mukutban in Maharashtra. The investment is Rs 2,450 crore and this should be commissioned by the second quarter of 2021-22. It will take the company’s installed capacity from the existing 15.58 to 19.48 mtpa.
The Confederation of Indian Industry (CII) has urged the government to extend the income limit under Pradhan Mantri Awas Yojana (PMAY) to benefit a wider section of society.
The CII suggested that the government should consider increasing the income criteria under the PMAY to Rs. 18 lakh and Rs. 25 lakh from the current Rs. 12 lakh and Rs. 18 lakh in the middle income group (MIG) I and ll categories.
It also recommended a focused action plan to boost the real estate sector as part of its pre-budget recommendations.