[ad_1] BENGALURU: India Cements Ltd reported a wider fourth-quarter loss on Wednesday, as raw material and fuel costs surged. Loss before exceptional items and tax deepened to 1.28 billion rupees ($15.65 million), from a loss of 364.7 million rupees a year ago. Total expenses jumped 12.2%, led by increase in materials used and fuel costs.
India Cements Q4 loss widens as expenses surge – ET Infra Read More »
[ad_1] BENGALURU: Shree Cement Ltd, India’s second-biggest cement company by market capitalisation, reported a 15.3% fall in fourth-quarter profit on Monday as higher input costs outpaced growth in revenue. The company reported a profit of 5.46 billion Indian rupees ($66.76 million) for the quarter ended March 31, compared to 6.45 billion rupees a year earlier.
Shree Cement reports 15% fall in Q4 profit on rise in input costs – ET Infra Read More »
[ad_1] MUMBAI: Adani Group shares surged the most Monday since the publication of the Hindenburg Research report late January, and market capitalisation of Adani listed entities crossed ₹10-lakh crore mark, after a Supreme Court-appointed panel said it had not found ‘regulatory failure’ on allegations of price manipulation in the conglomerate’s stocks and violation of minimum
Adani stocks rise most since January Hindenburg report – ET Infra Read More »
[ad_1] JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. In 2021, JSW Steel and Japan‘s JFE Steel signed a memorandum of understanding (MoU) to conduct a joint feasibility study to establish
JSW Steel, Japan’s JFE Steel ink pact to mfg electrical steel in India – ET Infra Read More »
[ad_1] NEW DELHI: JSW Steel will acquire flat-steel producer National Steel and Agro Industries (NSAIL) through the bankruptcy court for a cash consideration of Rs 621 crore through its wholly-owned subsidiary JSW Steel Coated Products, the company informed stock exchanges on Monday. The steelmaker had got the approval from the Mumbai bench of the National
JSW Steel to acquire National Steel and Agro for Rs 621 crore – ET Infra Read More »
[ad_1] MUMBAI: Analysts have turned positive on JSW Steel after its latest quarterly earnings as they expect the benefits from likely growth in volumes and a higher proportion of value-added products to outweigh the impact of high debt on its books. Several brokerages have raised earnings estimates and target prices on JSW shares to factor
[ad_1] TOKYO: Tokyo Steel Manufacturing Co , Japan’s top electric-arc furnace steelmaker, on Monday said it would hold steel product prices steady in June to ensure hikes implemented earlier this year would be absorbed by the market. This is the second month the company will keep prices unchanged for all of its steel products, including
Tokyo Steel to keep product prices unchanged in June – ET Infra Read More »
[ad_1] NEW DELHI: Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis,
L&T bags orders worth over Rs 2,500 cr in India, abroad – ET Infra Read More »
[ad_1] MARGAO: After chief minister Pramod Sawant on Tuesday announced the government’s plan to begin construction of a modern bus stand at Margao, questions have surfaced if it’s a revival of sorts of the “ultra-modern transport hub,” a project conceived over 12 years ago, or if it’s a downgrade of the earlier plan. The foundation
Goa CM announces construction of modern bus stand at Margao – ET Infra Read More »
[ad_1] MUMBAI: JSW Steel, which recently announced a fresh plan for raising Rs 18,000 crore, will use the entire proceeds to refinance its upcoming debt maturities of around Rs 14,000 crore in FY24, a senior company executive told ET. The steelmaker, which is also looking to expand production capacity, will meet its capital expenditure requirements
JSW Steel to use Rs 18,000 crore fundraise to refinance debt in FY24 – ET Infra Read More »
