Nasscom predicts IT industry to surpass $ 250 bn, growing by 3.8% in '24
IMFA Plans Rs 20 Billion Expansion, Eyes Mining & Ethanol
Indian Metals & Ferro Alloys Ltd (IMFA), one of India’s leading ferrochrome producers, has announced a Rs 20 billion expansion strategy, including greenfield capacity addition, enhanced chromite ore mining, and a new foray into ethanol production.The investment will be largely funded through internal accruals, with some reliance on term loans. The company's debt-to-equity ratio will remain below 0.5 per cent, reaffirming its position as a long-term net debt-free firm, according to Managing Director Subhrakant Panda.A Rs 9 billion greenfield expansion at IMFA’s Kalinganagar facility in ..
Paradip Port Hits 50 MMT Mark in Just Four Months
The Paradip Port Authority (PPA) has set a new benchmark by handling 50 million metric tonnes (MMT) of cargo in just four months of the current financial year—its fastest ever. This milestone was reached four days earlier than last year, reflecting the port’s improved operational efficiency and strategic growth.Port officials credited this achievement to the successful implementation of efficiency-driven strategies, infrastructure upgrades, and the dedication of PPA’s workforce, supported by strong stakeholder engagement.Coal cargo rose to 22.06 MMT, recording a 0.53 per cent increase co..
Thermal Power May Draw Rs 770 Billion Private Investment
India’s thermal power sector is projected to attract Rs 770 billion in private sector investment between FY26 and FY28, driven by renewed interest from major players such as Adani Power, Tata Power, JSW Energy, and Vedanta Power. According to Crisil Ratings, total thermal investments—including those by public sector undertakings—are expected to double to Rs 2.3 trillion during the same period.Private firms, which previously contributed only 7–8 per cent of thermal capacity funding, will now account for nearly a third, reflecting a shift in sentiment as long-term viability improves.For ..
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