Krittivas's Feed
Apr 28, 2011

India green panel recommends deferment of nuclear plant plans

NEW DELHI, April 28 (Reuters) – A panel backed by India’s
environment ministry has suggested holding off green approvals
for four proposed nuclear reactors on concerns over coastal
degradation and safety that intensified after last month’s
nuclear disaster in Japan.

The four nuclear reactors, of 1,000 Megawatts each, being
built in southern India, had initially received approvals from
the environment ministry in 2008. Two of them are almost ready
for commissioning.

Apr 25, 2011

India, Pakistan set to discuss lifting fuel exports

ISLAMABAD/NEW DELHI (Reuters) – India is looking to export fuel to Pakistan and the issue is likely to be discussed this week by their top commerce ministry officials as the two nuclear-armed rivals seek to revive a broad peace process that was derailed after the 2008 Mumbai attack.

Like much of their commerce, fuel trade between the two neighbours has been held hostage by their years of hostility, with Pakistan intermittently lifting a ban on imports of Indian petroleum products when relations have improved.

Apr 11, 2011

Monsoon meet likely to forecast near-normal rains

NEW DELHI (Reuters) – Global experts meeting this week are likely to forecast a near-normal monsoon for India, providing international commodities market the first hints of demand and supply in 2011/12 from one of the world’s top producers and consumers of key farm goods.

Failure of monsoons can force India into the international markets as a buyer, pushing up global prices of basic foodstuffs, while favourable rainfall can boost its exports, helping governments throughout Asia to battle food inflation.

Apr 11, 2011

India monsoon meet likely to forecast near-normal rains

NEW DELHI, April 11 (Reuters) – Global experts meeting this
week are likely to forecast a near-normal monsoon for India,
providing international commodities market the first hints of
demand and supply in 2011/12 from one of the world’s top
producers and consumers of key farm goods.

Failure of monsoons can force India into the international
markets as a buyer, pushing up global prices of basic
foodstuffs, while favourable rainfall can boost its exports,
helping governments throughout Asia to battle food inflation.

Apr 5, 2011

Supreme Court lifts Karnataka iron ore shipments ban

NEW DELHI (Reuters) – The Supreme Court lifted a ban on iron ore shipments from Karnataka on Tuesday, freeing up about a quarter of supplies from the world’s third-largest exporter as strong demand from China keeps prices firm.

The state had banned shipments of iron ore from 10 ports and stopped its transport to other ports for exports in July last year, citing a drive against illegal mining and the need to preserve the raw material for local steelmakers.

Apr 5, 2011

India court lifts Karnataka iron ore shipments ban

NEW DELHI, April 5 (Reuters) – India’s top court lifted a
ban on iron ore shipments from the state of Karnataka on
Tuesday, freeing up about a quarter of supplies from the world’s
third-largest exporter as strong demand from China keeps prices
firm.

The southern Indian state had banned shipments of iron ore
from 10 ports and stopped its transport to other ports for
exports in July last year, citing a drive against illegal mining
and the need to preserve the raw material for local steelmakers.

Mar 22, 2011

India NMDC expects to renew Japan iron ore

NEW DELHI (Reuters) – India’s top iron ore miner NMDC Ltd (NMDC.BO: Quote, Profile, Research, Stock Buzz) expects to renew soon a five-year iron ore contract with Japanese customers which expires at the end of March, the company’s top executive said.

“India and Japan will have to renew the contract which they had for the last five years. I am sure there will be an agreement signing,” state-run NMDC Chairman Rana Som told the Reuters Global Mining and Steel Summit.

Mar 22, 2011

Reuters Summit-India NMDC expects to renew Japan iron ore contracts

NEW DELHI, March 22 (Reuters) – India’s top iron ore miner
NMDC Ltd expects to renew soon a five-year iron ore
contract with Japanese customers which expires at the end of
March, the company’s top executive said.

“India and Japan will have to renew the contract which they
had for the last five years. I am sure there will be an
agreement signing,” state-run NMDC Chairman Rana Som told the
Reuters Global Mining and Steel Summit.

Mar 15, 2011

India nuclear plans on track despite Japan crisis

NEW DELHI, March 15 (Reuters) – India’s plans to rapidly
build more nuclear power plants are unlikely to change despite
the crisis in Japan, as Asia’s third-largest economy seeks to
end blackouts, officials and experts said on Tuesday.

India, which has a total installed power
generation capacity of 164 gigawatts (GW), aims to raise it to
187 GW by the end of March 2012. Even this target is modest,
given a 12 percent peak-hour power shortfall that crimps the
country’s near 9 percent economic growth.

Mar 10, 2011

India’s NTPC to form JVs for foreign plants in 3 mths

NEW DELHI, March 10 (Reuters) – India’s top power utility
NTPC Ltd.(NTPC.BO: Quote, Profile, Research) plans joint ventures in three months to
build $3.5-billion power plants in Bangladesh and Sri Lanka,
its head said on Thursday, marking the firm’s first overseas
venture.

NTPC, whose 85 percent of current 33.2 gigawatts capacity
is coal-based, has no plans to acquire overseas coal mines for
at least two years as supplies for existing plants have been
locked-in, Arup Roy Choudhury told Reuters in an interview.