Government has in-principle approved strategic disinvestment of loss-making subsidiary of India's largest steelmaker SAIL, Salem Steel Plant (SSP), Parliament was informed today.
DG Anti-Dumping is likely to give a reference price for these three HR products. CNBC-TV18's Anshu Sharma learns that the duty is likely to be at USD 474 per tonne for coils and USD 557 per tonne for sheets and plates.
Growth of about 25 -26 percent is accounted for in FY16 because of the different product categories like basic bedding and rugs that will come into foray along with Hygro, an exclusive brand for Welspun in the United States, which is also being considered as an element of revenue booster.
Jindal Aluminium will invest Rs 500 crore to set up a factory for making foils and sheets near its existing extrusion facility in Bangalore, a top company official said today.
Hyderabad Industries has taken over fibre cement sheets manufacturing facility in Punjab. In an interview with CNBC-TV18, Abhaya Shankar, Managing Director, Hyderabad Industries gave his perspective on how business has shaped up in Q3.