Govt fixes maximum marketing margin for natural gas

Govt fixes maximum marketing margin for natural gas

The government on Wednesday fixed a maximum marketing margin that firms like Reliance Industries can charge on selling natural gas to fertiliser and LPG plants at Rs 200, a 12.5 percent cut from current charge of Rs 225.

 

Infra sector growth slows down to 3% in June

Infra sector growth slows down to 3% in June

The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.

Growth in eight core infra industries rises by 3% in June

Growth in eight core infra industries rises by 3% in June

The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.

Farmer kills self over lack of money to buy fertilisers

A 55-year-old tribal farmer allegedly committed suicide in Ganga Mhalundi village, around 35 kms from here, for not having enough money to purchase fertilisers for his crops.

India's infra sector performance improved in FY15

India's infrastructure performance in 2014-15 was better than the previous fiscal, as production of inputs including power, steel, coal and cement moved up.

Cabinet approves production from 3 naphtha-based urea plants

On the basis of NPS-III, the total cost of production of urea or concession price is calculated while the selling price is fixed at Rs 5,360 per tonne.

New urea policy will help bridge demand-supply gap, says ICRA

The government's gas pooling and the new comprehensive urea policy are positives for the overall fertiliser industry and will help in bridging the demand-supply gap, rating agency ICRA said in a report.

Centre ready to visit states instead of states visiting Delhi

Asking the state governments to hold development summits for ensuring all round development, Union Minister for Chemicals and Fertilisers Ananth Kumar on Wednesday said the Centre was ready to visit the states instead of states visiting Delhi on every development issue.

India to become self-reliant in urea in 4 years: Ananth Kumar

The country will become self-reliant in urea and fertiliser in the next four years and is aiming to become the steel hub of the world, Union Minister for Chemicals and Fertilisers, Ananth Kumar said.

Infra sector growth at 17-month low of (-)0.1% in March

The previous low logged by the core industries was in October 2013 at (-) 0.6 percent.

8 core sectors register negative growth of 0.1% in March

Eight core sectors registered negative growth of 0.1 percent in March while production growth slowed down to 3.5 percent in 2014-15 against 4.2 previous in previous year, government data showed on Thursday.

India to add 10 MT urea capacity; invest Rs 60K cr: Govt

India, a net importer of urea, is set to become an exporting nation in the next 5 years with an addition of 10 million tonnes (MT) in fertiliser production capacity at an estimated investment of Rs 60,000 crore, Fertiliser Minister Ananth Kumar said Thursday.

Core sector growth slows to 17-month low of 1.4% in February

Core sector growth slows to 17-month low of 1.4% in February

Decline in output of crude oil and natural gas pulled down the growth of eight core industries to 17-month low of 1.4 percent in February.

OilMin moves proposal to pool gas price for fertiliser plants

After power, the Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable.

India Ratings pegs fertiliser subsidy for FY16 at Rs 71,000 cr

Fertiliser subsidy for FY16 is expected to increase to about Rs 71,000 crore from around Rs 65,000 crore in FY15, says a report by India Ratings & Research (Ind-Ra).

Oil Ministry cuts gas supplies to Gujarat to meet CNG, PNG demand

Months after effecting drastic cut in natural gas supplies to small industries in Gujarat, Oil Ministry has admitted that small consumers were bracketed with priority sector users like fertiliser and power by the Cabinet but were deprioritised at departmental level.

Govt working on revival of closed fertiliser units

The government plans to ramp up urea output by 4-5 million tonnes in the next few years as it begins the revival process of closed fertiliser units.

Fertiliser subsidy paid in Apr-Jul period dips 41%

Fertiliser subsidy paid to the companies during the April-July period of the current fiscal declined by around 41 percent to about Rs 21,300 crore.

Bees can be more important than fertiliser?

Insects play a key role in the pollination of cultivated plants, and a new study suggests that they can be even more important than fertiliser.

Coal India to foray into fertiliser, chemical production

State-owned Coal India (CIL) has decided to amend its memorandum of association (MoA) for foraying into the business of producing fertilisers and chemicals using coal gas.