Apr 23, 2021 05:39 PM IST
Even as India fights to reign in the alarming rise in COVID cases, oxygen shortage across the country is making headlines. Oxygen is used for both industrial and medical purposes. Delhi HC stepped in to divert portion of industrial oxygen towards medical use. This prompted the Centre to prohibit oxygen manufacturers from supplying oxygen to industries from April 22. Watch the video to know which industries have been impacted by the order.
- Apr 10, 2021 07:08 PM IST
Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.
- Apr 06, 2021 09:58 AM IST
Many of the steelmakers raised prices in April, but contend that rates are still lower than international prices and cite robust demand from the auto sector as one of the reasons. The Competition Commission of India had launched a probe in February to check if steel companies have formed a cartel. Union Transport Minister Nitin Gadkari had alleged that steel companies were indulging in cartelisation.
- Apr 06, 2021 09:52 AM IST
IFGL has recommended a dividend of Rs 2.50 per share in FY20, and we expect a higher dividend payout or a buyback, thanks to higher cash surplus
- Mar 16, 2021 02:25 PM IST
Rising demand and higher prices will boost their operating margins by 23 per cent next fiscal, though down from 25 per cent this fiscal, leading to improved credit metrics for steelmakers, Crisil said in its report.
- Mar 03, 2021 09:38 AM IST
SAIL remains optimistic about steel demand on the back of higher infrastructure spending and strong rural growth. All eyes are on strategic divestment
- Feb 24, 2021 09:59 AM IST
High commodity prices may not be passed on, having a severe effect on the bottomlines of many companies
- Feb 23, 2021 04:42 PM IST
ISMT Ltd and Jindal Saw Ltd have filed an application before the Directorate General of Trade Remedies (DGTR) for sunset review of anti-dumping duty imposed on imports of 'seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel from China.
- Feb 21, 2021 11:02 PM IST
The contractors, government agencies and the poor are being adversely affected due to the exorbitant rise in steel and cement prices, said Nitin Gadkari.
- Feb 12, 2021 02:20 PM IST
Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association.
- Feb 10, 2021 04:28 PM IST
JSPL Managing Director V R Sharma said, 'We have posted good numbers in a challenging environment. With the country getting back to normalcy, we will only do better. We will double our efforts towards rebuilding the economy and the nation'.
- Feb 09, 2021 11:54 AM IST
India’s anti-trust regulator, Competition Commission of India (CCI) is investigating if steelmakers colluded to hike rates, which have shot up by more than 45 percent since June 2020.
- Feb 05, 2021 12:04 PM IST
Union Budget had reduced import duties on many steel products. But industry observers say the latest hike and cut in prices of some products is not a result of the February 1 measures
- Feb 03, 2021 03:58 PM IST
Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.
- Feb 02, 2021 12:01 PM IST
Seshagiri Rao, Jt MD and Group CFO, JSW Steel, lists reasons why imports won't undermine the domestic market
- Feb 01, 2021 01:11 PM IST
Finance Minister Nirmala Sitharaman announced a 7.5 percent reduction in customs duty on steel.
- Jan 30, 2021 04:30 PM IST
The company had a net loss of Rs 343.57 crore during the same quarter a year ago, the Steel Authority of India Ltd (SAIL) said in a BSE filing late night on Friday.
- Jan 24, 2021 03:18 PM IST
It would cost around Rs 400 crore for SAIL to set up the plant, of which 20 per cent "viable gas funding" or aid will be provided by the government under the National Policy on BioFuels 2018.
- Jan 18, 2021 02:41 PM IST
The first COVID-19 vaccine shots in India were given on Saturday to nearly two lakh frontline healthcare and sanitary workers as Prime Minister Narendra Modi rolled out the world's largest inoculation drive against the pandemic that has caused 1,52,093 deaths and upended millions of lives in the country.
- Jan 14, 2021 04:54 PM IST
- Jan 03, 2021 04:51 PM IST
Union Transport and MSME Minister Nitin Gadkari last month said that he had sought Prime Minister Narendra Modi's attention towards 55 percent hike in steel prices by players during the past six months, making projects unviable.
- Dec 29, 2020 05:56 PM IST
Hot-rolled coil prices have increased by 46 percent to Rs 52,000 per tonne in November as compared to Rs 37,400 per tonne in July this year. Rebar TMT, which is used in the housing and construction sectors, had touched Rs 50,000 a tonne, industry sources said.
- Dec 23, 2020 05:50 PM IST
The Indian steel industry grappled with tough times in running their operations as well as witnessed a sharp plunge in demand for steel soon after the coronavirus pandemic and subsequent lockdowns disrupted overall economic activities.
- Dec 21, 2020 07:40 PM IST
Addressing the Assocham Foundation Week on 'national infrastructure pipeline critical for economic revival across sectors', Nitin Gadkari also said a GPS system for tolling is on the anvil in which toll payments will be deducted automatically on the distance traversed.
- Dec 14, 2020 09:32 PM IST
The momentum has strengthened further in December quarter. The cumulative domestic steel demand in October-November has already surpassed the pre-COVID-19 levels, ICRA said.