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Search resuls for: "CRISIL Market Intelligence"


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A labourer sorting out onions at a vegetable market in New Delhi on May 30, 2023. The new levy announced Saturday acts to ensure domestic availability and cool inflation, and is effective immediately until December 31, according to the country's Ministry of Finance. Global onion prices are likely to get a positive price cue on account of India's decision. India's government in July also banned the exports of non-basmati white rice in a bid to ensure sufficient domestic supplies. "The government would like to rein [in] prices and ensure sufficient availability in the domestic market.
Persons: Arun SANKAR, ARUN SANKAR, Arun Sankar, Pushan Sharma, Samarendu Mohanty Organizations: Getty, Afp, country's Ministry of Finance, India's Department of Consumer Affairs, CRISIL Market Intelligence, P, Indian Meteorological Department, Pushan Sharma CRISIL, Intelligence, Potato Center, CNBC Locations: New Delhi, AFP, India, Maharashtra, Karnataka, oversupply, Bangladesh, Malaysia, Sri Lanka
April nighttime peak demand is expected to hit 217 gigawatts (GW), up 6.4% on the highest nighttime levels recorded in April last year. "Even the smallest interruption in power supply will create havoc," Nair said. As much as 189.2 GW of coal-fired capacity is expected to be available this April, according to Grid-India's February note. The strain comes after sundown, as coal-fired capacity has grown only 9% over the last five years. Hydro and nuclear power capacity additions face tougher obstacles, as they are hobbled by lack of foreign investment and opposition from critics over safety and environmental issues, boding ill for power supply down the track.
Companies Coal India Ltd FollowSINGAPORE/NEW DELHI, Jan 17 (Reuters) - India's power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. Coal imports by Indian utilities more than doubled to 42 million tonnes during the first eight months of this fiscal year from April, compared with the year-ago period, despite an 11.9% increase in domestic coal supplies to utilities. Reuters GraphicsExtreme weather conditions have put an additional strain on power supplies. Disruptions to coal supply lines due to rail car shortages have compounded the problem, limiting the effectiveness of increased domestic coal production. Reuters GraphicsTrains made available by the Indian Railways to Coal India (COAL.NS), which produces 80% of India's coal, have fallen short of monthly targets for at least 21 months, government data shows.
Private investment in India was constrained for years by heavy indebtedness of companies and banks and by weak demand. SBI expects its stock of corporate loans to rise by between 14% and 15% this year and by 12% a year on average in 2023 and 2024. read moreAcross India's banking sector, lending has been rising steadily. Muralikrishna, chief general manager for large corporate lending at Bank of Baroda (BOB.NS), India's second-largest state-owned lender. Dixon Technologies (DIXO.NS), an electronics manufacturer with annual revenue of about 150 billion rupees ($1.85 billion), will receive incentives under the scheme for setting up facilities in five sectors, including electronics. Already, October exports were lower than a year earlier, and Nomura economists cautioned in a note this week that India's investment cycles were closely linked to its export cycles.
But the increase in India's coal-fired power output has outstripped its regional peers, data from the government and analysts showed. India's power ministry did not immediately respond to a Reuters request for comment. Reuters GraphicsCLEAN ENERGY EFFORTSState-run Coal India, the country’s dominant coal miner, ramped up production to meet the utility demand. It reported a 13.5% year-on-year increase in its coal output in March-October to a record high of 432 million tonnes. Consultancy Wood Mackenzie expects India's coal-fired power output to grow 10% in 2022 compared to the previous year.
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