An opportunity of $1.77 billion or ₹1.33 lakh crores has been talked about in Invest India government website to enhance private investments in the mineral sector.
It is expected that these EPC contractors, post winning the contracts, would search for suitable e-commerce partners to outsource their non-core functions, industry observers felt. Non-core activities of EPC mining contractors include buying or leasing various items economically and selling the excavated products at the highest price possible.
When such activities gets outsourced, the e-commerce companies normally charges a percentage of transaction made as fees.
Revenue in the buy and sell-side may amount to 0.1 percent of the investment made, said former chief general manager of Coal India, PP Sengupta. This would roughly translate to ₹133 crores revenue for the e-commerce companies.
According to e-commerce major mjunction services limited, there is a definite opportunity which is emerging and worth exploring.
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Diese Geschichte stammt aus der June 2020-Ausgabe von Steel Insights.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
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Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
