[ad_1] Jindal Stainless Ltd (JSL) on Thursday said its consolidated net profit has more than doubled to Rs 764.03 crore in the September quarter, on the back of higher income. It had clocked Rs 347.02 crore net profit in the year-ago period, JSL said in a regulatory filing on Thursday. The company’s total income increased […]
Jindal Stainless Q2 Results: Net profit doubles to Rs 764 crore – ET Infra Read More »
[ad_1] The Adani Group is all set to sign a definitive agreement to refinance $3.5 billion of loans taken for last year’s acquisition of ACC Ltd and Ambuja Cement, people aware of the discussions told ET. At least 18 global banks have agreed to join the consortium led by Barclays, Deutsche Bank and Standard Chartered
Adani Group set to refinance $3.5 bn debt taken for ACC-Ambuja buy – ET Infra Read More »
[ad_1] B ENGALURU: India’s UltraTech Cement reported higher-than-expected second-quarter revenue on Thursday, aided by market share gains and higher government spending on infrastructure. The news pushed shares of the Aditya Birla Group-backed company up 3% on Thursday. Revenue rose 15.3% to 160.12 billion rupees for the three months ended Sept. 30, topping analysts’ average estimate
India’s UltraTech Cement tops Q2 revenue estimates; shares rise – ET Infra Read More »
[ad_1] NEW DELHI: The Japan International Cooperation Agency (JICA) on Wednesday said it has signed a USD 50 million (Rs 415 crore) loan agreement for a steel plant in Bangladesh. The loan agreement has been signed with BSRM Steels Limited (BSRMSL), JICA said in a statement. JICA signed the loan agreement for private sector investment
JICA signs USD 50 mn loan agreement for steel plant in Bangladesh – ET Infra Read More »
[ad_1] Adani Group, which is a key player in India’s infrastructure and materials sector with a strong presence in airports, ports, mines, energy and real estate, has been flexing its muscles in another sector crucial to India’s infrastructural growth — cement. Adani’s bet on cement business relies on India’s fast-paced expansion of its infrastructure which
The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra Read More »
[ad_1] Representative Image The cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors, according to a report. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in
Cement sales volume to grow around 10% in FY24 : Report – ET Infra Read More »
[ad_1] A strong year-on-year growth in volume, along with lower cost of power and fuel is seen boosting earnings of domestic cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. While operating margins are seen lower on a sequential
Cement companies’ Q2 profitability to surge on strong volumes – ET Infra Read More »
[ad_1] MUMBAI: The government on Tuesday said it will sell up to 7% in Housing & Urban Development Corp (HUDCO) through an offer for sale, with the floor price fixed at Rs 79 per share. At this price — an 11% discount to HUDCO’s closing price — the government is estimated to mobilise about Rs
Government eyes Rs 1000 crore from HUDCO stake sale – ET Infra Read More »
[ad_1] . LONDON: Global steel demand is expected to rise by 1.8% in 2023 as infrastructure projects in top consumer China help to offset weakness elsewhere, the World Steel Association (WSA) said on Tuesday, downgrading its forecast. The industry group revised its April forecast, which estimated steel consumption would rise by 2.3% this year. “Steel
Global steel demand growth downgraded to 1.8% in 2023 on high rates – ET Infra Read More »
[ad_1] Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of the talks told ET. Senior management executives on both sides have also met to discuss a potential deal for the
Orient promoter CK Birla taps Adani for cement business sale – ET Infra Read More »
