Iron ore shipments from Indian ports in FY20 touched its peak in the last six years. At the end of February, the ports had carried 50 million tonnes of the key ingredient in steel making.
Iron ore has recorded a spurt of 43% in volumes, registering the highest growth among all commodities. By contrast, fertilizer, liquid cargo and container cargo rose by 10.3%, 2.5% and 2.1% respectively. Coal traffic at ports dipped by 8.3% as demand subsided.
Indian Railways has fallen short of its previous year’s freight loading figures, for the very first time in the last 40 years. With the freight loading figure at 1,209 million tonnes, it is almost 14 million tonnes short of its freight figures as of the last financial year’s end, according to an IE report.
The infrastructure sector got a big boost in the financial year 2019-20, with the National Highways Authority of India (NHAI) accomplishing construction of 3,979 kilometres of national highways across the country. According to the Ministry of Road Transport and Highways, this is the highest highway construction ever achieved by the NHAI in a financial year.
Thermal power plant load factor or capacity utilisation could fall below the ideal 55% level in the current fiscal due to the impact of COVID-19, India Ratings and Research (Ind-Ra) said.
The rating agency estimates the pandemic could lead to the thermal plant load factor (PLF) falling below 55% for 2020-21, closer to the technical minimum standards, on account of a gradual ramp-up in industrial load and the already muted electricity demand.