Imported coal-based plants procurement hits 4-year high in FY24

[ad_1] Thermal power plants (TPPs), running on foreign coal, imported a record 41.81 million tonnes (mt) in the last financial year, ending March 2024, hitting a four year high following government’s mandate to run units at full capacity till October...

Pulses import bill almost doubles to $3.74 billion in FY24

[ad_1] India’s pulses imports almost doubled to $3.74 billion during the 2023-24 fiscal compared with the previous year after government removed curbs to boost supplies and contain price rise. This followed a shortfall in the domestic output due to erratic...

India looks to rehaul its steel import reporting mechanism

[ad_1] India’s Steel Ministry is working on strengthening reporting norms for import shipments, and the reporting portal is being ramped up. This comes in the wake of several “suspected” instances of misreporting or under-reporting of shipment details, an official aware...

India’s coal import rises 13% in February

[ad_1] India's coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country's coal import was 19.15 MT...

Exim authority moots anti-dumping duty on polymer imports from China, Thailand

[ad_1] The Directorate General of Trade Remedies (DGTR) in the Commerce and Industry Ministry has recommended definitive anti-dumping duty on import of flexible slabstock polyol, a polymer, from China and Thailand. Manali Petrochemicals Ltd, the sole producer of flexible slabstock polyol...

India’s edible oil imports drop over 21% amid 27% palm oil decline; prices may rise

[ad_1] A 27 per cent decline in the import of palm oil led to over 21 per cent drop in edible oil during the first four months of the 2023-24 oil year (October-November).Data from the Solvent Extractors’ Association of India...