Tata group takes this big step in corona epidemic, company will airlift 60 cryogenic tankers from abroad

Tata group takes this big step in corona epidemic, company will airlift 60 cryogenic tankers from abroad

Amid the Kovid epidemic, the Tata group will bring 60 cryogenic oxygen tankers from abroad via aircraft and install around 400 oxygen production units. This oxygen can be used in hospitals in small cities. A senior Tata Sons official also said that various companies of the group together have arranged about 5,000 beds for Kovid patients.

The group is also training some employees, especially those associated with their Indian hotels, so that there is no shortage of staff to take care of patients. The group has converted many of its hotels into Kovid Hospital. Banamali Aggarwal, president (infrastructure, defense and aerospace and global company affairs) of Tata Sons, said, "We are providing around 900 tonnes of oxygen daily. Tata Steel itself is doing this. Our people at Tata Steel have identified its transportation as a problem. We need special cryogenic containers. In India it is not. Therefore, we have to find it from other countries and bring it to the country through aircraft. ''

He said, "We have identified and are in the process of bringing about 60 such containers." About 14 of them have already been brought. Many more to come. In this case, we are working with our partners like Linde, with whom we have a good relationship. "Aggarwal commended the government for providing Air Force aircraft for bringing containers. He said that the second wave of Kovid-19 epidemic has come very serious and sudden. In this case it is different.

Partnered with DRDO

Aggarwal said, 'Oxygen still remains a challenge. One is the problem of transport and the other is the production of oxygen. When we go to medium and small towns (Tier 2 and Tier 3) and villages, we will need localized methods for producing oxygen for hospitals, ”he said. For this, the group has given DRDO (Defense Research and Development Organization). Under this partnership, we will adopt the design of DRDO for the oxygen making plant.

Aggarwal said that group companies have come together to overcome this challenge before the country. Indian Hotels has converted many of its hotel rooms into Kovid Hospital. It has 1,500 beds available. In addition, the Tata Trust has arranged 1,500 more beds in association with hospitals that are working with them. In addition, Tata Projects has provided 400 beds. These beds have been added by new construction or improvement in existing hospitals.

The company is focusing on the help center

Apart from this, TCS is in about 16 cities. The company has about 100-100 bed capacity centers. There is also a complete system of oxygen in them. Some of them have been kept separate. Together, the group has arranged around 4,000 to 5,000 beds.

According to Aggarwal, apart from this, we are also working to meet the shortage of trained staff for the care of patients. "Under this, we are considering training some of our employees of Indian Hotels especially because we have made some of them a Covid Center."

Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

There is a record boom in the commodity market globally. Apart from steel, aluminum, copper is also doing business at a record level. On Thursday, the price of copper in the international market has crossed a record $ 10,000 per ton. The price of Shanghai copper has also reached the highest level in the past 10 years. Copper futures are also at record highs in the past decade in London, amid concerns over supply and weak dollar.

Information and agencies related to the commodity market say that in the coming time, the price of copper will see a boom. There are several reasons for this record boom in copper. For example, economic recovery has been seen worldwide, industrial copper consumption has increased in China, and Chile, which produces about a quarter of the global copper, has announced a tax of 75 per cent on its mining. Apart from this, due to the increasing trend of electric vehicles, the demand for copper is increasing.

If we talk about the Indian market, the price of copper was at the highest level till last week. Copper futures on Thursday were up 0.53 per cent at Rs 765.10 per kg. Copper futures for May delivery on the Multi Commodity Exchange (MCX) gained Rs 4, ie 0.53 per cent. The demand for copper has increased in India too.

Why is the copper price rising so fast?

1. Demand more and supply less: Sometime ago the Chilean Port Workers and Mining Association opposed a bill by the government. In fact, the Chilean government had introduced a new bill, under which workers were asked to block premature withdrawal from their pension funds for the third time.

About a quarter of the total global copper production comes from Chile. After the opposition of the association and the workers, the copper supply decreased and prices increased.

Apart from this, due to Kovid-19 in South America, many major commodity exports like iron ore and copper have been affected. Even in America, the importance of copper is seen as a raw material in Joe Biden's infrastructure plan.

However, in terms of supply, copper output in Peru has gone up by about 19 percent during the month of March. Globally, there has been some relief from this.

2. Less inventory: There has been a sharp decline in registered copper inventories on the London Metal Exchange. Analysts estimate that there has been a downward trend in this. As of 26 April 2021, the copper inventory at the London Metal Exchange was only 1,55,100 tonnes. In the second fortnight last month, it has reduced by 10 per cent.

3. Demand increased: Construction activities in China have increased this year. After this, the demand for copper in China has also increased. Let us know that half of the total consumption of copper in the world is from China. Analysts say that China consumes the most copper and now demand has increased due to large scale construction here. This is also a reason why the price of copper is getting faster.

A boom in economic development is now being expected in America. It will also have an impact on global economies. In the era of Kovid-19 crisis, countries around the world have announced an incentive package. On the other hand, good news is also coming about the corona vaccine. Both these factors have affected the price of copper.

4. Green Infrastructure: Demand for electric vehicles is increasing worldwide to reduce carbon footprint and promote the use of clean energy. Electric vehicles use twice as much copper as internal combustion engines. In such a situation, with the increase in demand for electric vehicles, the demand for copper will also increase.

What is the estimate of agencies?

In a recent report by Goldman Sachs, estimates say that by 2025, copper prices can reach $ 15,000 per tonne. The report titled 'Copper is the new oil' says that banks believe that by 2030, the annual demand for copper will rise by 900 per cent from the current level to 87 lakh tonnes.

Trading houses Trafigura Group and Bank of America also believe that copper prices have increased. Bank of America says that in the coming months, the price of copper can reach $ 13,000 per tonne.

This is the only major difference between Virat Kohli and Sachin Tendulkar, Venkatesh Prasad argued       This former Indian cricketer did the winning work, donated the proceeds from IPL in the fight against Kovid-19       This player becomes the second oldest Pakistani to make a test debut, chance against Zimbabwe after 137 first class matches       The batsmen from all over the world are going from India with this unknowable fear, not of Corona       This former cricketer took a dig at those who raised fingers on the bio bubble of IPL-2021       3 major ICC tournaments canceled due to IPL 2021 postponement due to Corona       Australian cricketer said after playing T20 World Cup in India - Things should be organized only when conditions are right       G. does not want to leave any stone unturned in preparation for the Olympics. Sathiyan, waiting for this special thing       To host IPL 2021, this country also gave entry to BCCI, a proposal to organize in September       Parsi cricketer arrives in team India, bowling like rocket with left hand, Kohli will be very happy       Covishield or Covaxine… Before going to England for WTC Finals, what vaccine will Team India think of and why? Learn       WTC final: Mahabharata is about to break into Test cricket, 'Pandavas' are ready in India too       In the IPL, the Giants dazzled and made everyone their wish, the 24-year-old storm bowler has now ticketed England.       ZIM vs PAK: Pakistan's batting 'Ali-Ali', double century partnership broke Zimbabwe's hopes       Relief for Corona-infected CSK veteran, second report came negative, but will not be discharged yet       861 runs in 6 matches, captain made at an early age, now Kohli will shine his name in England with army       If you are not able to deposit money in the SIP during the corona period, do not take the station, this option will work, you will get 1 to 6 months of deferment       Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?       In the UK, Indian pharma companies are focused on flying, is this why Poonawala is now focusing on 'London' instead of 'Pune'?       Indian Railways starts country's first Milk Express, there will be no milk shortage in the capital Delhi