India’s coal sector likely to witness investment of Rs.1.25 trillion in 2024
COAL & MINING

India’s coal sector likely to witness investment of Rs.1.25 trillion in 2024

India has been pursuing decarbonisation and diversification strategies, particularly setting a target for reaching net zero emissions by 2070. India’s coal sector investment is expected to gr...

India has been pursuing decarbonisation and diversification strategies, particularly setting a target for reaching net zero emissions by 2070. India’s coal sector investment is expected to grow by almost 10 per cent y-o-y to around $15 billion, or roughly Rs.1.25 trillion in the current calendar year as the country prepares to meet demand due to rising electricity consumption and expanding industrial base. According to the International Energy Agency (IEA), investments in the coal sector by the world’s second-largest producer and consumer has been growing consistently since 2021 with the annual rate of growth in investments expected to double in 2024 compared to 2023. The agency in its world energy investment report 2024 anticipates that efforts by the world’s third-largest energy consumer to ramp up coal production will fall short of meeting the demand for the critical commodity with reliance on imports increasing. Aided by an expanding industrial and commercial base, India’s appetite for coal has risen substantially in the past decade

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Real Estate

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

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Building Material

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

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Infrastructure Urban

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..

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