Indian Media in Coal Scam The massive coal scam which is the latest in the series of billion dollar scams afflicting India in recent times has turned uglier. India’s top conglomerate the Jindal group which is led by members of the ruling party had recently alleged extortion threats from one of India’s top media groups […]
What is Crude Oil Crude oil is a naturally occurring substance found in certain rock formations and below water bodies. Oil is a compound containing carbon and hydrogen and is highly flammable. Oil is one of the most important commodities in the world playing an important part in some of the biggest industries like chemicals, […]
Use of Natural Gas Massive discoveries of natural gas reserves in shale gas formations has meant that the prices in USA have gone down substantially and new power plants/ infrastructure are being developed to use natural gas as fuel. Even as crude oil and coal prices have gone through the roof, natural gas prices have dived. […]
Indian Coal Shortage leads to Idle Power There are massive power brownouts across India as electricity supply is shut down due to lack of fuel. Note the majority of India’s power capacity is built using thermal power plants run on coal. However India’s coal mining policy is a huge mess with Coal India the monopoly […]
The past 5 years have been a riches to rags story for India’s power generation companies. The utilities which competed with each other for the position of being India’s biggest private power generator are now finding themselves competing to delay their power projects. We had warned earlier about the over reliance in an earlier post. […]
Indian Government unleashed a number of half baked reforms which were pending for a long time but that has not helped the industry all that much. Though the stock markets have gone up, the companies in the reform sectors have not benefited much as the reforms have failed to address the core structural issues. India’s […]