Coal Sector Leads Growth Among Core Industries in December 2024

05 Feb 2025 CW Team

The coal sector reported the highest growth of 5.3% (provisional) in December 2024, reaching 215.1 points compared to 204.3 points in December 2023, according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry. For the period from April to December 2024, the sector’s index rose to 177.6 points, up from 167.2 points last year, marking a 6.2% increase, the highest among all eight core industries. The ICI tracks the performance of eight core industries: cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products, and steel. In December 2024, the combined index of the eight core industries showed a 4.0% growth year-on-year. From April to December 2024, the index grew by 4.2% compared to the same period in the previous fiscal year, underscoring the coal sector’s key role in driving industrial expansion. The coal sector’s impressive growth is attributed to a notable rise in production, which reached 726.31 million tonnes (MT) from 684.47 MT during the same period in 2023, highlighting its capacity to meet the increasing demand from energy and manufacturing sectors. (PIB)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..