[ad_1] Research firm Crisil Ratings on Monday said it expects the net debt-to-EBITDA ratio of domestic steel manufacturers to stay below the level of 2 times in the financial year 2023-24. The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23,
Detail-to-earnings ratio of steel cos to remain below 2 times: Crisil – ET Infra Read More »
[ad_1] NEW DELHI: JK Cement has reported a dip of 44.81 per cent in its net consolidated profit during the quarter ended March 31, 2023. It’s profit after tax stood at Rs 110.08 crore in Q4 FY23 as against Rs 199.44 crore it registered in the corresponding quarter of the previous fiscal, the company said
JK Cement’s net profit dips 44.81% in Q4 FY23 – ET Infra Read More »
[ad_1] NEW DELHI: The government will likely invite financial bids for a 50.79% stake in NMDC Steel “within a month or two” after the operationalisation of the company’s new plant in Chhattisgarh is over by June, a person familiar with the matter said. “The steel plant is expected to be fully commissioned by June. Work
Financial bids for NMDC Steel likely by August – ET Infra Read More »
[ad_1] India’s domestic steel demand is estimated to grow annually by 7.5% to reach 128.85 million tonnes (mt) in the current financial year. According to estimates by the Indian Steel Association (ISA), domestic steel demand stood at 119.86 mt in fiscal 2022-23. Demand is expected to rise further by 6.3% to reach 136.97 mt in
Steel industry projects domestic demand to rise 7.5% in current fiscal – ET Infra Read More »
[ad_1] Representative Image NEW DELHI: State-owned SAIL has posted over 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore for the quarter ended March 31, dragged down by lower income. It had clocked a net profit of Rs 2,478.82 crore during the January-March quarter of the preceding 2021-22 financial year (FY),
SAIL reports over 50 pc fall in Q4 net profit – ET Infra Read More »
[ad_1] CHENNAI: India Cements on Wednesday reported a loss of 218 crore in the quarter ended March 31, 2023 on the back of rise in cost of raw materials and coal prices. The cement manufacturer has identified about 1,000 acres of land in Tirunelveli for monetisation, of which 600 acres is on the verge of
India Cements reports 218 crore loss in Q4 – ET Infra Read More »
[ad_1] NEW DELHI: Industry body Indian Steel Association (ISA) on Thursday announced signing an agreement with ASEAN Iron and Steel Council (AISC) to unlock new avenues of growth and sustainability in steel sector. ISA is the apex industry body which represents the issues and interests of the domestic steel industry. The Memorandum of Understanding (MoU)
Indian Steel Association, AISC partner for opportunities in sector – ET Infra Read More »
[ad_1] NEW DELHI: Around 40 million tonne (MT) of new steel-making capacity will be commissioned by 2025-26, an industry executive said on Thursday. Vinod Nowal — the Chairman of Assocham‘s National Council on Iron and Steel — made the remarks at India Steel Summit in the national capital. Domestic steel production capacity is expected to
Around 40 MT new steel capacity to be commissioned by FY26: Assocham – ET Infra Read More »
[ad_1] Cement manufacturer The India Cements Ltd was in discussions with interested parties and “on the verge” of monetising its assets in Tamil Nadu, part of the proceeds of which would go towards reducing its total debt by Rs 500 crore, a top official said on Wednesday. The company’s Vice-Chairman and Managing Director N Srinivasan
India Cements on the ‘verge’ of monetising some assets: N Srinivasan – ET Infra Read More »
[ad_1] CHENNAI : Cement manufacturer The India Cements Ltd has reported a standalone net loss at Rs 217.79 crore for the fourth quarter ending March 31, 2023, which the company attributed to the record increase in the cost of fuel and power. The city-based company had registered a standalone net loss of Rs 23.71 crore
India Cements posts Q4 standalone net loss of Rs 217.79 cr – ET Infra Read More »
