India's key infrastructure growth slows to 3.1% in October 2024

Telangana Plans Rs 135 Bn Underground Cable Project

The Telangana government has unveiled an ambitious Rs 135 billion initiative to replace 25,000 km of overhead power lines with underground (UG) cables across the Core Urban Region (CUR), which includes Greater Hyderabad, areas within the Outer Ring Road, and Bharat Future City. The project seeks to modernise the city’s electrical infrastructure, aiming to reduce outages caused by weather or accidents.Led by the Southern Power Distribution Company of Telangana Ltd (TGSPDCL), the scheme is designed to improve safety, reduce disruption during rainfall, and lower long-term maintenance costs. Cur..

Nayara Ships Fuel Despite EU Sanctions Disruption

Russia-backed Indian refiner Nayara Energy has exported its first petrol cargo since being sanctioned by the European Union on 18 July, according to four shipping sources and LSEG data.The tanker Tempest Dream, carrying approximately 43,000 metric tonnes (363,350 barrels) of petrol, departed on Monday for Sohar, Oman, based on LSEG shipping data, although the buyer’s identity remains unverified. The vessel was itself sanctioned by the United Kingdom in June.A second vessel, the Sard, currently docked at Nayara’s Vadinar port in western India, is expected to load around 43,000 tonnes of die..

Brokerages Bullish on Vedanta’s FY26 Growth Prospects

Major Indian and global brokerages remain optimistic about Vedanta Ltd’s performance for FY26, highlighting firm London Metal Exchange (LME) pricing, disciplined cost controls, a strong aluminium business, and deleveraging as the company’s key growth drivers.Several upcoming growth projects, slated for commissioning over the next few quarters, also support the positive outlook.JP Morgan reported that Vedanta’s consolidated EBITDA for Q1 was broadly in line with expectations. Segments such as aluminium, oil and gas, and power performed better than anticipated, resulting in a segmental EBI..