In the next two years, prospect of cement companies may improve as supply pressure eases and demand rises, a research report by Credit Suisse shows. Cement firms have been battling supply glut because of excess capacity, which was built in anticipation of strong demand from the infrastructure projects
Tag: earnings
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Minister rules out recast of loss-making units
Union Minister of Steel, Beni Prasad Verma ruled out any question of revival or restructuring of loss making plants or units of Steel Authority of India (SAIL). He argued that although some plants or units of SAIL have reported losses, SAIL on the whole is making net profit and hence there is no case for revival or restr
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MPT woos traders from north Karnataka
Mormugao Port Trust (MPT), which is in taking efforts to diversify its cargo handling away from coal, asked traders from north Karnataka to make use of the port. In order to woo traders, the port in association with Karnataka Chamber of Commerce and Industry (KCCI), Hubli
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Railways fixes Rs 1,000 cr each for land, station wings
Union Railway Minister PK Bansal on February 26 proposed to fix a target of Rs 1,000 crore of earnings each for the Rail Land Development Authority (RLDA) and the Indian Railways Station Development Corporation (IRSDC) in 2013-14. The RLDA was set up by the Ministry in November 2006
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Sales of Gujarat Gas rises in Dec quarter
The consolidated net sales of Gujarat Gas Company rose to Rs 756.5 crore during the quarter ended December 31, 2012 from Rs 641.5 crore in the year-ago period. The consolidated net profit of the firm rose to Rs 70.6 crore from Rs 25 crore during this interval, Sugata Sircar, Managing
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Net profit of GAIL rises 18%
The net profit of state-run gas transmission major GAIL grew 18 percent to Rs 1,285 crore during Oct-Dec 2012 quarter. The rise in the bottomline is attributed to a low subsidy burden and good performance of its petrochemicals division after a recent expansion
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Net profit of GAIL rises 18%
The net profit of state-run gas transmission major GAIL grew 18 percent to Rs 1,285 crore during Oct-Dec 2012 quarter. The rise in the bottomline is attributed to a low subsidy burden and good performance of its petrochemicals division after a recent expansion
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Essar Oil may maintain GRM on par with RIL
Analysts feel that the gross refining margin (GRM) of Essar Oil would continue to match that of Reliance Industries (RIL) as the former has increased the complexity of its refining units. Essar Oil raised its refinery capacity to 405,000 barrels per day from 300,000 previously and its com
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Essar Oil may maintain GRM on par with RIL
Analysts feel that the gross refining margin (GRM) of Essar Oil would continue to match that of Reliance Industries (RIL) as the former has increased the complexity of its refining units. Essar Oil raised its refinery capacity to 405,000 barrels per day from 300,000 previously and its com
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Lloyds Steel seeks shareholder nod for name change
On March 4, Lloyds Steel has called an Extraordinary General Meeting of its shareholders to clear the change in the name of Lloyds Steel Industries to Uttam Value Steels after Uttam Galva group acquired 58.35 per cent stake in Lloyds. It may be noted that the board of directors of the firm cleared the change in name of the company recently