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In its near term outlook for global steel sector, the World Steel Association (WSA) has said that India’s steel consumption is expected to increase by 1.7% to 53.5 million tonne (MT) in 2009 against 52.6 MT in 2008. ‘India is projected to have a positive growth of (about) 2% for apparent steel use in 2009,’ … Read more Indian steel to reverse global trend
Key takeaways of the conference call Sales for the quarter was lower by 23% to 262.26 crore and the net profit was lower by 53% to Rs 14.37 crore. While the core engines business revenue for the quarter was lower by 5% (to Rs 223.78 crore) its PBIT was lower by just 2% (to Rs … Read more Greaves Cotton Automotive engine sales picked up from Feb 2009
ABB, the leading power and automation technology group, has won substation orders worth around Rs 425 crore from Powergrid, India’s national transmission utility, to boost capacity and help improve grid reliability. The contract is for the design, supply, installation and commissioning of 765 / 400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur … Read more ABB bags orders worth Rs 425 crore from Powergrid
Pepper futures continued to trade lower for the second day on NCDEX as traders resorted to profit booking in a bid to cash in on earlier high prices. The May futures contract fell to an intra-day low of Rs 12,382 per 100 kg after touching a high of Rs 12,584 per 100 kg. The counter … Read more Pepper trades lower for the second day on NCDEX
Reliance Infrastructure held a conference call to discuss quarterly and yearly results and future growth plans. Lalit Jalan, CEO & Whole Time Director addressed the conference call Highlights of the Call As on March 31, 2009, the net worth of the Company stood at Rs 11,907 crore (US$ 2.4 billion). Book value per share increased … Read more Reliance Infrastructure EPC order book position of Rs 20,625 crore
Highlights- The revenue during the quarter ended March 2009 increased by 46% to Rs 498.08 crore as compared to the same period last year. However the profitability was significantly impacted due to substantial increase in the power & fuel cost despite the coal prices stabilizing considerably. The PBT fell by 25% to Rs 54.32 crore … Read more Binani Cement Prices are expected to remain firm till monsoon