Archive for August, 2010

Cost Pressures Push Car Prices

August 27, 2010 Leave a comment

Rising prices are not only taking a toll on the FMCG manufacturers, a constant increase in non-food commodities is also affecting automobile makers. Higher metal and rubber prices are resulting in increase in raw material cost.

After Maruti raised its prices from August, Hyundai India plans to increase its price from September. Hyundai will increase car prices in India by around 1.2%. While price of its small car is expected to rise by Rs 3,500 , higher end versions like Sonata would become dearer by Rs 10,000, state media reports.

Toyota, is another company that has plans of raising prices, but from October.

Categories: Automobiles

Power Sector in India: Statistics

August 27, 2010 1 comment

I will keep updating these stats and also will add as many indicators as I can. Read more…

Categories: Coal, Economic Growth, Power

Power Sector in India: July 2010 updates

August 27, 2010 Leave a comment

India’s power generation companies added 74% more capacity in July, but still fell short of the Government’s monthly target, according to the Central Electricity Authority (CEA). Read more…

Categories: Coal, Power

Coal dispatches to Power Sector stand at 87%

August 27, 2010 Leave a comment

During the past three years, coal dispatches to Power Utilities by Coal India –the largest coal producer in India– have been 101%, 102% and 96% of target in 2007-08, 2008-09 and 2009-10, respectively.

In the current year up to June 2010 , dispatch is 87% of the target which is due to frequent law and order problem affecting dispatches in CCL and constraints of wagon availability in comparison to indents in certain coal fields and less lifting of coal through Private Washery operators engaged by the Power Utilities.

The major steps taken by Coal India Ltd to increase production of coal in its command area, which in turn enhances the supply to power sector, is as under: Read more…

Categories: Coal, Power

Cost pressures lead to rise in FMCG prices

August 26, 2010 Leave a comment

Palm oil is a key ingredient that goes into making soaps. It has moved up 70 per cent in recent months, touching $680 per tonne from $400 per tonne earlier. Besides palm oil prices, cost of packaging is also high. This has either lead to or is expected to lead to a rise in price of soaps. The companies are taking to either price hike or a weight reduction. Read more…

Categories: Uncategorized

Delays in 268 projects cost the government Rs50,000 crore

August 26, 2010 Leave a comment

Minister of State for Statistics & Programme Implementation Mr. Sriprakash Jaiswal admitted to cost overruns to the tune of Rs 50,295 cr in 268 of 578 ongoing projects. The cost overrun of these projects is 16.5% of their original approved costs. Each of these projects entail an investment of over Rs150 crore.

The main reason for cost and time overrun include delay in procurement of equipment, law and order problems, inadequate infrastructure and rise in input cost.

Categories: Economic Growth

UMPPs in India: Krishnapatnam UMPP update

August 26, 2010 Leave a comment

Krishnapatnam UMPP is likely to be completed ahead of schedule, state reports.

Reliance Power’s 4,000-MW Krishnapatnam UMPP, is likely to be completed eight months ahead of schedule. The CERC has approved the submission made by Reliance Power for change in configuration of units from 5 X 800 MW to 6 X 660 MW. Reliance Power had told the regulator that the configuration would help in advancing the commissioning date from 93 months to 85 months.

The Krishnapatnam UMPP is the largest power project in South India and will supply power at a tariff of Rs 2.33/kWh to Andhra Pradesh (1,600 MW), Maharashtra (800 MW), Tamil Nadu (800 MW), and Karnataka (800 MW).

Categories: Power