BITUMEN PRICES
Time to be contrarian? Are analysts behind the curve? 5 stocks from two segments of the oil and gas space
The tensions that drove oil higher are still lurking under the surface. A single statement, or a single strike, and they can surface again within days. Another round of trouble cannot be entirely ruled out. And if it comes and oil climbs again, much of the contrarian case we are making weakens with it. So the improvement is real, but it is not yet fully safe.
Nitin Gadkari says UP farmers will soon produce hydrogen from water that will run planes, cars and trains
Nitin Gadkari's hydrogen plan: Union Minister Nitin Gadkari says Uttar Pradesh farmers will soon produce hydrogen from water and agricultural waste that will power aircraft, cars and railway engines. He also highlighted ethanol production, alternative fuels and the state's potential to become an energy exporter from a net importer. The state was known as Bimaru state.
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost EV adoption
Nitin Gadkari recommended varying electricity rates for electric vehicle charging to enhance usage in Maharashtra. He indicated that costs for traveling in electric vehicles are significantly lower than petrol or diesel cars. Gadkari mentioned the potential for solar power to support cheaper night-time electricity. He provided updates on alternative fuel technologies including electric and hydrogen-powered vehicles. Additionally, Gadkari discussed biofuels, biogas, and their role in environmental sustainability.
Highway projects get three more months of bitumen, diesel cost escalation cover amid West Asia crisis
The ministry of road transport and highways is extending the cost compensation for bitumen and diesel. This extension will apply to projects executed until December 31, 2026. Work carried out will only qualify if the bid due date was set before April 1, 2026. The compensation aims to address the impact of rising diesel prices on highway construction.
The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%
There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not to be done casually. Done wrong, it is just recklessness. It becomes a sensible move only when there is a solid, logical reason behind it. So, the real question is not whether some companies are beaten down. The question is whether there is a good reason to buy them anyway.
Goa nightclub fire: Supreme Court dismisses pleas challenging HC order setting aside bail of accused
The Supreme Court dismissed pleas challenging a High Court order. Accused nightclub owners and a partner must surrender within two weeks. The High Court had previously set aside their bail. This case pertains to a devastating 2025 fire which claimed 25 lives.
Bitumen deficit bridged, but price problem persists; India's roads set to face a real test this winter
As prices of bitumen continue to be on the higher side, road construction companies are watching the winter construction season closely. Even if supply remains comfortable, the prevailing price differential from pre-conflict levels is likely to keep pressure on project economics.
Charting the global economy: Price pressures continue to bubble
The personal consumption expenditures price index, excluding food and energy, rose in line with expectations in July.
Steel, bitumen, geopolitics could slow India’s construction boom: ICEMA Vice President
India's construction equipment industry anticipates single-digit growth this financial year. Rising steel and bitumen prices are significantly impacting project economics. Geopolitical uncertainty and execution challenges also moderate industry expansion. Domestic sales saw a decline while exports demonstrated strong global competitiveness. The sector faces moderated fund disbursements and delayed contractor payments.
NH builders seek predefined input rates for projects under active bids
Road builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. They warn that current price differences could lead to unfair bidding and delay projects. The industry believes this will ensure transparent and fair competition. It aims to protect the financial health of these crucial infrastructure developments.
Fuel price hike hitting common people, contractors stopping work due to rising bitumen costs: Himachal PWD minister
Himachal Pradesh Public Works Department Minister Vikramaditya Singh alleged that rising petrol and diesel prices are fueling inflation, impacting common citizens, traders, and contractors. He highlighted the severe effect on road construction due to doubled bitumen prices and urged the Central government to intervene. Singh also discussed urban development projects and environmental challenges posed by tourism.
Word of the day: Bitumen
Bitumen meaning: Bitumen, a sticky black substance, builds our modern world. Ancient civilizations used it for boats and buildings. Today, it forms roads and waterproofs structures. Refined from crude oil, bitumen binds materials, creating durable asphalt for highways. Its flexibility withstands traffic and temperature. Demand for bitumen remains strong as infrastructure grows globally.
Nexxus Petro Industries share list with 20% premium on BSE SME
Nexxus Petro Industries' shares debuted positively on the BSE SME, opening at Rs 126, surpassing the upper price band expectations. Engaged in bitumen trading and manufacturing, the company witnessed significant revenue in 2024, driven by its role in the growing infrastructure sector, particularly road construction.
Sharp rise in commodity prices to have adverse impact on construction industry's profitability: Icra
A sharp rise in commodity prices seen in FY22, if sustained, can reduce players' profitability by 100-200 basis points in the current financial year. Notwithstanding some moderation in steel prices in the past 6-8 weeks, the prices of steel were still higher by 40 per cent compared to the rates of March 2021, which will continue to remain a drag on profitability.
Upasi pitches for roads laid with rubber bitumen
According to Upasi, there is huge potential for use of rubberised bitumen in road laying and the attempts made in the past on this has shown very encouraging results.
Oil traders scrape bottom of the barrel to seek out new fortune
While there’s no shortage of bitumen, world’s largest traders are jumping in as the shift in production locations and increased demand create opportunities.
Gulf Petrochem's open offer to acquire up to 26% of Sah Petroleums
Gulf Petrochem Group, a UAE-based leading player in oil space, today said it has made an open offer to acquire upto 26 per cent of Sah Petroleums Ltd.
Gulf Petrochem's open offer to acquire up to 26% of Sah Petroleums
Gulf Petrochem Group, a UAE-based leading player in oil space, today said it has made an open offer to acquire upto 26 per cent of Sah Petroleums Ltd.
Road project development hit as input costs increase 25% in Q2
Soaring inflation has hit road projects as input costs have risen over 25% in the second quarter of this fiscal.
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