Mar

28

Reliance signs Gas Sales & Transportation contracts with 12 Fertilizer companies

Filed Under Emerging Sectors, Energy, India Business, Indian Companies | Leave a Comment

Reliance Industries has signed gas sales and transportation contracts with 12 fertilizer companies to sell about 15 million standard cubic metres a day (mmscmd) of gas from its eastern offshore KG-D6 fields.

These fertilizers companies are: Chambal Fertilizers Indian Farmers Fertilizer Cooperative, Krishak Bharati Co-operative, Gujarat Narmada Valley Fertilizers, Gujarat State Fertilizers and Chemicals (GSFC), Nagarjuna Fertilizers, Tata Chemicals, and Rashtriya Chemicals and Fertilizers (RCF).

The same fertilizers companies also signed a separate Gas Transportation Agreement with Reliance Gas Transportation India for transporting the gas through its pipeline in Kakinada in Andhra Pradesh to Baruch in Gujarat.

The gas supply will start from mid-April, and the firms will pay Reliance a marketing margin of 13.5 cents per million British thermal units (mmBTU), said Satish Chander, Director General of Fertiliser Association of India. However, the margin is in addition to the government-set price of $4.2 per mmBTU for the gas.
[source: Asian Cerc]

Aug

8

India Now 2nd-largest Wireless Market after China

Filed Under Emerging Sectors, India Business, India vs China, Mobile Telecom | Leave a Comment

The number of wireless subscribers in India has reached 250 million, making India the second-largest wireless market in the world, says a World Bank study titled: The Role of Mobile Phones in Sustainable Rural Poverty Reduction.

Authored by Asheeta Bhavnani, Rowena Won-Wai Chiu, Subramaniam Janakiram and Peter Silarszky, the study says India is now second only to China, with tele-density already surpassing the 25 per cent mark.

Currently, China is adding about 6-7 million new subscribers per month, India about 8-9 million and the US about 2-3 million, it notes.

The private sector is also active in India and there are a number of telecommunication companies providing mobile telephone services who have to compete for market share and meet consumer expectations. Mobile telephony has grown rapidly in India, especially during the last three years.

The study states that mobile telephony has a positive impact on economic welfare by generating GDP; job generation (both in the mobile industry and the wider economy); productivity increases; and taxation revenue with mobile operators usually being a sizeable contributor.

For more details, click here.

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