Raw Materials

Electronics component makers seek Rs 72,500 cr financial package to cut reliance on imports

Elcina Secretary General Rajoo Goel told PTI that unlike finished products where the factory output can go up to 16 times the investment, an electronic components factory can at the most generate an output of three times the invested capital.

Karnataka, Rajasthan launch auction for exploration license for critical, deep seated minerals

So far, the nines ministry has handed over 20 blocks to states with consisting of minerals Tin, Tungsten, Rare Earth Elements, Vanadium, Diamond, Copper, Zinc, Lithium, PGE, Potash and Zirconium.

Sheela Foam shares zoom 11% on deal to buy Kurlon for Rs 2,150 crore

Moneycontrol previously stated that the potential acquisition of Kurlon Enterprise, a company renowned for producing mattresses under the Kurl-on brand, would enhance the company's market presence.

Motilal Oswal expects Jindal Steel to become mega producer, sees 27% upside

The company has undertaken capital expenditure worth Rs 24,000 crore to expand crude steel capacity by 66 percent to 15.9mt

EVs will increase India's dependence on China for raw materials, battery production: GTRI report

The Global Trade Research Initiative (GTRI) also said that there is a need for life cycle impact evaluation for the EVs sector EVs result in the release of pollutants during battery making, disposal, and charging and about 70 per cent of materials used to manufacture EVs in India are imported from China and a few other countries, it said.

Revenue loss due to customs duty rationalisation in iron, steel, plastic seen at Rs 10,000 to 15,000 crore

The government, with effect from May 22, waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry and reduce the prices.

Auto Body seeks reduction in CNG prices, import duty cut on raw materials

Auto industry body SIAM on Sunday sought a reduction in CNG prices and import duties on certain raw materials for steel and plastic products while welcoming the government's decision to lower the petrol and diesel prices.

Rising commodity costs may lead to increase in property prices, project delays and compromised quality

The cost of various construction commodities has risen by at least 50 percent, while some items have become expensive by as much as 100 percent and more over the last couple of years.

Credai Maharashtra threatens to halt construction due to rise in raw material prices

Homebuyers say builders cannot stop construction of projects that they have launched as they have taken the booking amount and subsequent EMIs for the projects. Price rise cannot be a force majeure situation since raw materials are abundantly available.

Interview| Rising raw material costs, liquidity crisis biting apparel exporters amidst boom in global orders: AEPC Chairman Narendra Goenka

Expected to hit $20 billion in FY23, apparel exports are poised for historic growth, Goenka says. Completion of critical free trade agreements, currently under negotiations, is expected to supplement this.

Supply constraints an opportunity for fundamental change at companies

Companies must utilise the global supply crunch to come up with innovative solutions, just as they did during the worst phase of the pandemic

Higher commodity prices behind rise in exports to China in pandemic year

In the year, when the pandemic restricted trade, upended logistics networks and shut down factories, India's exports to China rose 27.7 percent in FY21. A closer look at official figures however show that the growth was fueled by higher prices of iron ores, organic chemicals and petroleum.

Exclusive | Commodity exports stopped India's trade from falling further in FY21

Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.

Non-urea fertiliser prices slashed by up to Rs 5,000/tonne

The state-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF) and National Fertilizers Ltd (NFL) as well as private firm Indian Potash Ltd (IPL) have agreed to reduce the price of non-urea fertilisers, the Fertiliser Minister said.

With Rs 5.6L cr projects, Prabhu's Railways is gathering steam

The Ministry will cross the budgeted figure of Rs 1.21 lakh crore in the next year, says the Railway Minister Suresh Prabhu.

Steel fundamentally is still a profitable business:Sanjeev Gupta

Liberty House's aim would be to focus on using domestically available raw materials to make products which are more green and more sustainable, says its Executive Chairman Sanjeev Gupta.

Procurement of raw materials by PSUs from MSMEs doubles

The MSME Ministry has formed a one-man committee under the chairmanship of former Cabinet secretary Prabhat Kumar to draft a comprehensive policy for MSMEs. The committee is likely to submit its report by June.

Taxation on imported raw materials disturbing manufacturers

Start-ups being acquainted with the idea of generating varied and distinguished products are finding it difficult to compete in the domestic market owing to the tax imposed on imported raw materials which are unlikely to be available in India.

Ceramic industry full of varied location-based shortcomings

Indian ceramic industry has been one of the crucial segments of the economy since several decades. The industry, however has been encountering several challenges, which are particularly prominent in the small and medium scale manufacturing units.

Textiles Min launches ERP to boost handloom cos

The ERP system will improve productivity, increase efficiencies, decrease costs and streamline supply of raw material processes in NHDC.

Centre to impose stockholding limit on raw jute

The Centre will also take up the issue of raw jute export ban imposed by Bangladesh. The decisions were taken by Union Textiles Minister Santosh Gangwar at a meeting with stakeholders on November 23 to evolve a strategy for stabilising the raw jute prices