Deciphering Core Sector Growth…

Core sectors recorded growth of just 1.5% for the month of Jan’19 as per the ministry of commerce data released today. While growth has come down sharply from a peak of 7.8% in June’18, it is more a result of base effect than any decline in activity. Average growth for the first ten months of … Continue reading Deciphering Core Sector Growth…
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Understanding ONGC – GSPC Gas Block Deal.

The announcement on buyout of Gujarat State Petrochemical Corporation’s (GSPC) assets in K-G basin block by ONGC earlier this week puts an end to GSPC’s audacious attempt to establish itself as an important gas producer. GSPC struggled for more than half a decade to extract gas from the field after a high profile announcement on … Continue reading Understanding ONGC – GSPC Gas Block Deal.
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Understanding RIL-ONGC Gas Migration Dispute.

The demonetisation and Mistry’s exit from Tata have taken the sheen out of all other recent news, one of which is the slapping of fine of nearly Rs 10,000 crore by the government on RIL and its partners. The fine relates to migration of gas from ONGC fields to RIL fields in K-G basin leading to … Continue reading Understanding RIL-ONGC Gas Migration Dispute.
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Gas Pricing – Another Power Sector achievement..

India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector even … Continue reading Gas Pricing – Another Power Sector achievement..
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Chabahar Port agreement…

The news of agreement on Chabahar port has received unprecedented coverage, similar to the coverage received by the Nuclear treaty with US ten year back. The pact is indeed historic as it helps build an alternate route of trade between India and Afghanistan, bypassing Pakistan. Here is a brief look at the pact and the gains … Continue reading Chabahar Port agreement…
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