Adani Ports and Special Economic Zone on Monday said it has acquired 95 per cent stake in Odisha’s Gopalpur Port. This acquisition comes with an equity value of Rs 13.49 billion (USD 161.74 million). The acquisition entails the purchase of a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP […]
The Global Trade Research Initiative (GTRI) on Sunday recommended that the Indian government examine the bilateral free trade agreement with Singapore and assess it in conjunction with the ASEAN bloc. The GTRI also suggested a similar evaluation with Thailand, another ASEAN member. This comes as India and ASEAN are set to review their trade pact […]
The output of India’s eight core sector industries increased by 12.1 per cent (provisional) on a yearly basis in August 2023. The production of all eight core industries — cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel — recorded positive growth in August over the corresponding month of last year, according […]
The mineral production sector in India witnessed a significant upswing in July 2023, with a remarkable 10.7 per cent increase compared to the same month in the previous year. These findings are based on the latest data released by the Indian Bureau of Mines (IBM), indicating a positive trajectory in the country’s mineral production, read […]
The Offer for Sale in Coal India received a good response from non-retail investors on Thursday. The issue was subscribed 3.46 times the base size, the Department of Investment and Public Asset Management tweeted. Retail investors will be able to bid for the OFS on Friday. “Offer for Sale in CIL received enthusiastic response from […]
India’s coal production has made a new record for highest-ever production during the month of April 2023, achieving 73.02 million tonnes (MT) with a yearly growth of 8.67 per cent, according to Ministry of Coal. In April 2022, the total coal output was 67.20 million tonnes. Coal India (CIL) alone reported production of 57.57 MT […]
