#COVER FEATURE, #October 2017

Steadfast support from the public at large is likely to see Adani’s $16.1-billion mining project, India’s largest outbound FDI, through the hurdles.

There appears to be some sort of jinx revolving around projects carrying the twin labels of “largest FDI” and “India.” Remember Dabhol?

The power project by the now bankrupt US company Enron in Maharashtra was the largest inward foreign direct investment (FDI) project at the time. After several false starts, it is finally limping along as the Ratnagiri Power Company, in its latest, public sector avatar.

#COVER FEATURE, #October 2017

Resource-poor but demand-rich Indian companies are prospecting and mining natural resources such as coal, oil & gas and other minerals at locations as far apart as Indonesia, Africa, Australia and the US to feed their factories back home.

Here’s a trivia question: Which Indian company has a presence, in one form or another, in Audi, BMW, Porsche, Mercedes Benz, Ford, Ferrari, Jaguar and Hyundai cars?

Don’t let the presence of Jaguar on that list fool you. The answer is not Tata. It is that other name that is often taken in the same breath as the Tatas in India – Birla… or, to be more precise, the Aditya Birla group-owned aluminium company Novelis.

#2016, #Yearend 2016, #Sector Focus

As India looks set to increase its GDP fivefold, to about $10 trillion, by 2040, it is axiomatic that the country’s energy demand will rise in tandem.

India recently took a small first step towards ensuring its energy security by commissioning three underground storage units of the Strategic Petroleum Reserve Project with a combined capacity of 5.33 million metric tonnes of crude.