India is going to explore the possibility of exporting steel to Middle Eastern countries during Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan’s visit to Abu Dhabi.
The current round of coal block auction for the non-regulated sector is likely to fetch four states about Rs 43,000 crore over the life of the mines from the extractable reserves, analysts said.
As per the latest Indian Ports Association report, Thermal coal imports declined by 17.69% to 51.10 million tonnes at the country’s top 12 major ports during April-October this fiscal against 62.08 million tonnes in the same period previous year . As far as coking and other coal is concerned, its handling recorded a rise of 6.88% at 33.43 million tonnes during the seven months period.
Utilisation levels of many thermal power plants would fall to 35-40% if the country sets up 130 gigawatt (GW) of renewable energy capacity by 2022, a latest report by KPMG India has pointed out.
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said, without specifying a timetable.
An interim US-China trade deal is widely expected to include a US pledge to scrap tariffs scheduled for December 15 on about $156 billion worth of Chinese imports, including cell phones, computers and toys.