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The stakes in Afghanistan
Business Standard / New Delhi October 15, 2009, 0:45 IST

Tata Power: All charged up
With Tata Power now in a position to sell 100 MW of power from its Trombay unit as merchant sales, the company’s earnings for the current year should get a slight boost. In the current year, the higher generation—estimated to be higher by 10-15 per cent — is what will push up revenues rather than any significant increase in power realisations.

News of the day

Steel pipe sector looks to grow 25% on demand from developed nations
The Rs 15,000-crore steel pipes industry is set to grow 20-25 per cent in the next 3-4 years following massive investment laid out on energy security by the governments of developing economies. Developed economies require a change in existing pipelines that were installed over 25 years ago and demand is likely to emerge from various sectors of global economies.
Business Ideas

Sugar mills to get more time for export obligation

The government today said it will allow sugar mills more time to comply with export obligations as the priority now was to meet domestic demand. - Oil firms agree to pay Rs 27 a litre for ethanol - Govt to decide on waiving sugar export-obligation - "Need to import 2 MT of sugar to meet deficit" - "Reliance not cooperating in mill takeover" - Oil chiefs gather in war-scarred Angola - Haryana Finance Corporation told to refund money "We are giving extension...There is no need for them to export...At least for one more year," Food and Agriculture Minister Sharad Pawar told reporters on the sidelines of Indian Council of Agricultural Research function here. Under the Advance Licensing Scheme (ALS), the sugar mills were allowed to import 21.4 lakh tonnes of raw sugar in 2004-05 season and were automatically obligated to export an equal quantity by December 31, 2009. However, the mills have fulfilled less than half of their export obligation in the last few years. With sugar contributing about 20 per cent to food inflation, the Food and Agriculture Ministry is not in favour of insisting to mills to meet their export obligation. While the Commerce Ministry wants the sanctity of the scheme to be maintained, the government"s consideration to give more time to mills seems to have been influenced by the prevailing price situation.


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