Last year, for the first time, the company was allowed to issue infrastructure bonds worth Rs 1,000 crore. Of this, it raised only Rs 340 crore due to lower fund requirement last year
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With a huge potential of growth amidst rising energy demand and due to low per capita consumption base, the oil and gas sector is poised for an exciting and challenging future
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The low tariffs are very good for the future of the industry as the volumes will be higher. The size of the industry would increase from where it is right now
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Even the average price on India Electricity Exchange rose to Rs 5 per unit on low electricity supply, which is higher than the long term agreement prices for both coal and renewable across states
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The drop in coal import comes as the stocks at power plants have thinned due to short supply and higher power generation
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He favoured taking deposits from retired personnel, poor people, teachers and police constables to fund these projects and said their money would be returned with a good interest
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The company had embarked on long-term expansion plans with the key strategic areas being industrial packaging, grease and lubricants, logistics and tourism
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Coal production has increased substantially in the last three years (fiscals), resulting in savings of Rs 25,900 crore in imports
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