Adani Enterprises bags deal to supply overseas coal to NTPC

11 Jan 2022 CW Team

Adani Enterprises Ltd. has bagged a deal to deliver overseas coal to India’s top electricity generator, NTPC, as the country strives to avoid a repeat of last year’s energy problem.

Adani, India’s largest trader of imported thermal coal, will supply 1 million tons to state-run NTPC Ltd., which in October released its first proposal for coal imports in over two years.

Kolkata-based Damodar Valley Corp. Ltd., also state-owned, is reviewing a tender from Adani for providing the same volume to its power facilities.

Indian power generators are under pressure to strengthen coal stockpiles after supply troubles and growing demand left the nation grappling with shortages in the second half of 2021, resulting in outages in some provinces and curbs on energy-hungry industries.

The decision to acquire coal from overseas comes despite the government’s commitment to decrease dependence on fuel imports. Coal estimates for approximately 70% of India’s electricity production and consumption are forecast to increase in the coming few years, even as Prime Minister Narendra Modi makes a drive to add renewables.

Last month, Adani, from its controversial Carmichael coal mine in Australia, commenced shipping the first export cargo. The coal mine is headed to India. Benchmark seaborne coal costs reached a record in October, though they have since reduced those gains, assisting in strengthening the case for imports.

Image Source

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..