The private firm said NRL has awarded an engineering, procurement and construction (EPC) contract to it
Industrial production growth slips to 3.1 per cent in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well
However, most segments are back to pre-pandemic levels, offering a ray of hope
In May last year, IIP had shrunk 33.4% due to imposition of a nationwide lockdown to contain the spread of the Covid-19
The latest data released Wednesday by the statistics bureau showed a shift toward consumption-driven demand is underway, but at a gradual pace
Manufacturing sector output, which accounts for more than three-fourths of the entire index, registered a growth of nearly 200 per cent
A spike in COVID-19 infections in countries like Taiwan and Vietnam could disrupt semiconductor output and supply chains, posing a headache for manufacturers
China's industrial output saw months of expansion following a Covid-induced slump, although high raw materials costs continue to weigh on the outlook
The cumulative decline during April-February (2020-21) was 11.3%, compared to a growth of 1% during the same period a year ago
The proposed investment in the industrial sector is worth Rs 4.29 trillion, down 36.8 per cent from the Rs 6.79 trillion the previous year (2019).
Sinha said that this scheme is from the period of date of notification up to the year 2037 with a total outlay of Rs 28,400 crore.
Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP
Makes his prediction on the basis of the number of items in the IIP basket that grew in the month of October
The industrial output grew by 0.2 per cent in September, according to the Index of Industrial Production (IIP) data
Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale
Though September high-frequency indicators offer hope, August IIP data shows well performing FMCG sector went from green to red, while recovery turned stale for primary goods
That compares with a 19.6% increase in July and is the fourth straight month of profit growth
Slowing pace of recovery and sluggish manufacturing output has experts worrying over Q2 GDP growth
Niranjan Hiranandani, co-founder and managing director of Hiranandani Group, said there are huge development potential in the warehousing, industrial parks and data centre projects
Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts