Ajay Modi - Profile and Journalist Details
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Ajay Modi
Verified
Associate Editor, Argus Media
Beats
Infrastructure
Content
By Ajay Modi| Coal Zoom@ Indonesian Coal Producer Indika Eyes Biomass Market By Ajay ModiMay 27, 2024 - Indonesian coal producer Indika Energy is venturing into biomass, as it diversifies into more environmentally-friendly businesses and reduces its reliance on conventional fuel revenues. Indika, which produced 30.1mn t of coal in 2023 through its subsidiary Kideco, last year completed construction of a wood pellet factory in Paser, east Kalimantan, the company said in its 2023 sustainability report.
By Ajay Modi| Coal Zoom@ India's Nayara Raises Petcoke Prices, RIL Retains Rates By Ajay ModiFebruary 6, 2024 - Indian private-sector refiner Reliance Industries (RIL) kept its February petroleum coke prices unchanged from January, while fellow refiner Nayara Energy raised prices by 1.5pc on the month even as the seaborne market softened through January. RIL set its basic February coke price at 13,172 rupees/t ($158.65/t), unchanged from the previous month.
By Ajay Modi| Argus Media Verified India's federal government plans to add about 80GW of thermal power generation capacity by 2031-32 to meet an anticipated increase in power demand, in a boost for future coal consumption. The country's power demand has increased at an unprecedented rate because of its rapid economic growth. "India needs 24x7 power supply for growth and we are not going to compromise on its availability," India's power ministry said on 22 November. "This power cannot be achieved by renewable energy sources alone.
Company Info
Argus Media
Argus Media is a UK-registered company founded in 1970 and based in London. It is owned by employee shareholders and global growth equity firms General Atlantic and Hg. With nearly 1,100 employees and 26 offices around the world, Argus Media is a leading independent provider of market intelligence for the global energy and commodity markets. The company offers a variety of services, including accurate price assessments used as benchmarks, market news and commentary from expert reporters, and analytics that provide price outlooks and strategic insights. Argus also provides consulting services to help clients make informed decisions and hosts industry conferences tailored to the needs of the commodity markets. Its products include daily price reports, business intelligence services, and comprehensive market analytics. Argus Media serves clients in over 140 countries, supporting their needs in trade indexing, financial derivatives, and strategic planning.
London, England, United Kingdom
+44 20 7780 4200
Founded: 1970