Sources: India will extend the sugar export ban in order to boost local supplies and ethanol production.
Sources in the Indian government said that India will extend its ban on sugar exports to the second consecutive year, as it struggles with the prospect of lower cane production. Sources with direct knowledge of this matter said that New Delhi plans to increase the price at which oil firms buy ethanol (biofuel) from sugar mills in order to boost the supply of biofuel.
India Hopes Saudis Will Help Build Oil Stores
India hopes to sign a pact with Saudi Arabia for participation in Delhi's strategic petroleum reserves (SPRs) during Prime Minister Narendra Modi's visit to the kingdom next week, a government official said on Thursday.India, the world's third biggest oil importer, is scouting for partners to fill the reserves and also to build storage to hold…
India Leads with 18% of Global LNG Regasification Capacity
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company.The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – India Continues to Dominate Global Regasification Capacity Additions and Capex Spending’…
APM Terminals Pushes Solar Energy in India
South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport, technical and procedural challenges.The company is now offering a new end-to-end solution for major solar projects…
Siemens Gamesa to Suppy 270 Turbines in India
Siemens Gamesa Renewable Energy (SGRE) has won a new order in India from ReNew Power, India's large largest renewable energy independent power producer (IPP), for the supply of 270 SG 2.1-122 wind turbines with a total capacity of 567 MW.The agreement is one of the largest announced in India and will see Siemens Gamesa provide the infrastructure needed to install and operate two wind power facilities…
BP, Shell, Goldman Mull Indian Oil Stockpile Deals
BP, Royal Dutch Shell, Goldman Sachs, Trafigura, Mangalore Refinery and Petrochemicals and Hindustan Petroleum Corp. have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state.
Indian Renewable Firms Plan $2.5 Bln in Offshore Dollar Bond Issues
Four Indian renewable power producers are planning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lenders, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has yet to publicly announce the borrowing, the sources told Reuters.
India's Strategic Crude Reserve Invites Bids to Fill Facility
Indian Strategic Petroleum Reserves Ltd (ISPRL), the government-owned company mandated to store crude oil for emergency needs, has invited initial bids to fill its storage facility in the southern state of Karnataka. The strategic reserve is expected to be ready by the first quarter of 2017, it said in a notice on Wednesday. ISPRL has a total…
India's Mobility Drives Global Demand: Kemp
"India is taking over from China as the main growth market for oil," the International Energy Agency observed in its latest petroleum market update. India's oil consumption has grown at an average annual rate of 5 percent over the last decade and climbed over 4 million barrels per day for the first time in the year ending in March 2016. India is currently the world's fourth-largest oil consumer after the United States…
ABB Strengthens Commitment to India’s economic development
ABB doubles workforce at its global engineering and operations center in Chennai and opens a new UPS production facility near Bangalore. ABB’s expansion of the Chennai center demonstrates its commitment to the country’s “Make in India” policy, aimed at strengthening its industrial base and fueling economic growth. The competency center, whose workforce will be doubled to 1…
Lanco Infra Sells Power Plant to Adani
Adani Power, led by billionaire Gautam Adani, will take on existing debt of about 40 billion rupees as part of the deal, Lanco said in a statement late on Wednesday.
India's JSW Raises Iron Ore Imports
JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million metric tons of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home. JSW's return to the sea-borne iron ore market after a gap of more than a year could further support prices that seem to be recovering after sliding to 21-month lows in mid-June.
