Chief Correspondent, Commodities, India
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Oct 27, 2015

Attacks on India’s beef industry hit buffalo meat trade

NEW DELHI/MUMBAI (Reuters) – Rising tensions over eating beef in Hindu-majority India are starting to hit the multi-billion dollar buffalo meat trade, with exports falling in the last six months as traders run short of supplies and China lifts purchases from Brazil.

Religious activists, who critics say have been emboldened by nationalist premier Narendra Modi’s ascendance, have stepped up attacks on the beef industry, alleging that cows are being killed and falsely labeled for export as buffalo meat.

Oct 20, 2015

Vedanta to export over 5.5 mln tonnes iron ore from Goa this year

NEW DELHI (Reuters) – Vedanta Ltd(VDAN.NS: Quote, Profile, Research) expects its iron ore exports from Goa to be much higher than its permitted mining capacity of 5.5 million tonnes in the fiscal year to March, as it bids for ore in government-run auctions.

The country’s biggest private miner has resumed operations in Goa following a three-year gap after court action against illegal mineral extraction closed mining in the country’s top iron ore exporting state.

Oct 20, 2015

India’s Vedanta to export over 5.5 mln T iron ore from Goa this yr

NEW DELHI, Oct 20 (Reuters) – Indian miner Vedanta Ltd
expects its iron ore exports from the state of Goa to
be much higher than its permitted mining capacity of 5.5 million
tonnes in the fiscal year to March, as it bids for ore in
government-run auctions.

The country’s biggest private miner has resumed operations
in Goa following a three-year gap after court action against
illegal mineral extraction closed mining in the country’s top
iron ore exporting state.

Oct 19, 2015

India in talks to buy coking coal mines in South Africa

NEW DELHI (Reuters) – India is talking to South Africa to buy coal mines there to feed its expanding steel industry, Coal Secretary Anil Swarup said, adding that New Delhi also hopes to stop imports of coal used to generate power in three years as domestic output jumps.

After years of poor production crippling power supply, state-run Coal India is boosting output at a record pace to meet Prime Minister Narendra Modi’s goal of connecting to the grid millions of Indians who still make do with kerosene lamps.

Oct 6, 2015

Corrected – India leads Asia’s dash for coal as emissions blow east

MAGADH, India (Reuters) – Deep in the thickly forested hills in its east, India last month started production at what it hopes will in five years be Asia’s biggest coal mine.

At the open-cast mine, which involves the clearing of more than 18,000 hectares (44,500 acres) of land, noisy excavators are busy digging for coal that will feed a huge power plant being built nearby to fuel India’s energy-hungry economy.

Oct 5, 2015

India leads Asia’s dash for coal as emissions blow east

MAGADH, India, Oct 6 (Reuters) – Deep in the thickly
forested hills in its east, India last month started production
at what it hopes will in five years be Asia’s biggest coal mine.

At the open-cast mine, which involves the clearing of more
than 18,000 hectares (44,500 acres) of land, noisy excavators
are busy digging for coal that will feed a huge power plant
being built nearby to fuel India’s energy-hungry economy.

Sep 14, 2015

India imposes 20 pct duty on some foreign steel products as imports surge

NEW DELHI, Sept 14 (Reuters) – India imposed a 20 percent
import tax on some steel products with immediate effect on
Monday, Finance Minister Arun Jaitley said, as the government
investigates a threat to domestic companies from rising imports
from China, Japan, South Korea and Russia.

“Notification is being issued imposing a provisional
safeguard duty effective from today on hot-rolled flat products
of non-alloy and other alloy steel in coils of a width of 600 mm
or more at the rate of 20 per cent ad-valorem for a period of
200 days,” the finance ministry said in a statement.

Sep 11, 2015

Drought dents India gold demand; prices still appealing

NEW DELHI (Reuters) – Anantha Padmanabhan is offering deep discounts and giving freebies to attract customers to his gold bangle festival in southern India, but he is still struggling to sell in a region where monsoon rains were up to a third below normal.

Two straight years of drought in India – for only the fourth time in over a century – have hit gold demand in the world’s No.2 consumer and could cut imports by up to 10 percent in 2015, said Padmanabhan, head of a regional gold federation.

Aug 31, 2015

India seeks SoftBank push for Modi’s solar goal

NEW DELHI (Reuters) – India has closed bids for a third of its target of tendering 15,000 megawatts (MW) of solar projects this fiscal year, a government official said, and is expecting interest from investors such as SoftBank (9984.T: Quote, Profile, Research, Stock Buzz) to lift the industry.

The tenders are part of Prime Minister Narendra Modi’s ambitious plans to raise solar capacity five fold to 100,000 MW by 2022 to meet India’s growing power needs, create jobs and fight climate change without committing to an emission target.

Aug 27, 2015

Vedanta to halve output at alumina refinery, cut jobs

NEW DELHI (Reuters) – Vedanta Ltd(VDAN.NS: Quote, Profile, Research) will halve output at its 1 million tonne-a-year alumina refinery in Odisha state in about two months and cut jobs, a senior executive said, due mainly to a shortage of raw material bauxite and weak world prices.

Aluminium prices are stuck at near six-year lows due to a glut in China and capacity addition in the Middle East and India. Russia’s Rusal, the world’s biggest producer, said on Thursday it expected the metal to remain under pressure for the rest of the year.

    • About Krishna

      "I lead the India commodities team for Reuters in New Delhi. I cover the coal, metals and mining industries with a focus on government policy. Before coming to the capital in April 2013, I headed two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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