COVER FEATURE

Indian companies scour the world for resources

2018-08-01T12:47:34+00:00October 27th, 2017|2017/2018, COVER FEATURE, October 2017, Year|

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 [...]

Adani weathers storm over Queensland mining project

2020-03-17T06:28:49+00:00October 27th, 2017|2017/2018, COVER FEATURE, October 2017, Year|

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 [...]

Turnaround at Stanlow reflects Essar Oil’s global vision

2018-08-01T12:47:42+00:00October 26th, 2017|2017/2018, COVER FEATURE, October 2017, Year|

S. Thangapandian, Chief Executive Officer of Essar Oil UK, takes time out for ‘India Global Business’ to explain why the company is investing heavily in its Stanlow Refinery in Britain and the story behind turning a loss-making unit into a promising asset. What are the company's investment plans for the UK? Essar Oil (UK) Ltd, which owns and operates the Stanlow Refinery, will be investing further $250 million in the refinery. We have already invested over $800 million to turn [...]