We Benefit From Weak Rupee As It Helps Keep Domestic Prices Stable, Says Md Of Tata Steel - The Financial Express
Domestic demand for steel looks upbeat on the back of the government's focus on boosting infrastructure and increased rural spends, feels Tata Steel's managing director TV Narendran.
The U.S. coal power plant fleet has been shrinking for years, with the official tally of coal plants closed exceeding those still open as of late last year. Another 43 gigawatts, or about 18 percent of the remaining 249 gigawatts of capacity, is expected to close by 2030. Absent "market interventions at a grand scale" -- such as the Trump administration's plan to force utilities to buy uncompetitive coal-fired power under the mandate of national security -- the same trends are accelerating beyond current estimates, and could lead to the country's coal fleet being nearly halved again by 2030.
State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said. The power sector behemoth also has a plan to list the coal subsidiary subsequently on stock exchanges. "The NTPC will set a coal subsidiary. It would cover operations of its all coal mines and will be run like a coal company. It will have a culture of coal mining.
Puget Sound Energy Is Now Majority Owned By Public Pensions | Swfi - Sovereign Wealth Fund Institute
Puget Holdings LLC is the parent entity of Puget Sound Energy (PSE), a regulated utility in the State of Washington. Macquarie Infrastructure Partners (MIP), part of Macquarie, sold off its 44 percent interest in Puget Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
India To Become Power Surplus Nation In Fy19: Central Electricity Authority | Business Standard News
According to the report, surplus energy is anticipated of the order of 1.9%: The Central Electricity Authority (CEA) has pegged energy and peak power surplus at 4.6 per cent and 2.5 per cent, respectively, this financial year, indicating that India will be a power surplus country in 2018-19. Last year, the CEA in its load generation balancing report (LGBR) had also projected that India would become a power surplus nation in 2017-18. But the peak power deficit was 2.1 per cent while overall electricity deficit was 0.7 per cent across the country in 2017-18.
This article was originally published on ETFTrends.com. : By Todd Shriber via Iris.xyz Gone are the days when investing in energy stocks meant focusing on fossil fuels companies, such as coal and oil producers. In recent years, the movement toward renewables and sustainable energy sources spurred the creation of the alternative or clean energy investment theme. Said another way, the energy sector is evolving. [...]
By Todd Shriber via Iris.xyz Gone are the days when investing in energy stocks meant focusing on fossil fuels companies, such as coal and oil producers. In recent years, the movement toward renewables and sustainable energy sources spurred the creation of the alternative or clean energy investment theme. Said another way, the energy sector is evolving. [...]
The panel appreciated the work of the government in bringing down the import of non-coking coal. : State-owned Coal India Limited (CIL) has identified seven coking coal assets in Australia for acquisition and is also in discussions with a few mine owners in Canada, a parliamentary panel said today.
State-owned CIL has identified seven coking coal assets in Australia for acquisition and is also in discussions with a few mine owners in Canada, a parliamentary panel said today. In its report the Standing Committee on coal and steel said: "The met coke production has increased during the period 2014 - 2017 and for acquiring of coking coal blocks/ mines abroad, Coal India Ltd (CIL) has identified several coking coal assets in Bowen basin of 16 Queensland Province, Australia and is also pursuing discussions with few mine owners of coking coal assets in Canada."
As part of its corporate diversification strategy, National Aluminium Company (Nalco) has identified merchant mining as its next key focus area. Along with commercial mining of bauxite, the navratna PSU is eyeing acquisition of cobalt and lithium abroad.Traditionally, Nalco's focus has been on alumina and aluminium business though the company has diversified to wind power and is actively pursuing upstream integration plans like caustic soda and coal tar pitch plants. Alumina sales which contribute nearly three fourths to Nalco's Ebitda (earnings before interest, taxes, depreciation and amortization) have driven its profitability over the years.