During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
Tag: earnings
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Net profit of JSW Steel declines 18%
During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
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Net profit of JSW Steel declines 18%
During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
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Mormugao Port explores options to overcome crisis
Mormugao Port Trust in Goa is exploring various options to overcome the financial crisis that it is facing because of a sharp decline in iron ore export cargo. According to reports, the port is planning to reduce the staff strength through Voluntary Retirement Scheme (VRS). But the authority needs to secure the support and c
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Net profit of Bank of India rises 12% in Dec quarter
During October-December 2012, the net profit of state-run Bank of India rose 12 per cent to Rs 803 crore from Rs 716 crore in the year-ago period. The bank said it could not achieve a higher growth in net profit because of rise in provisioning and modest growth in advances
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Operating cost of JSW Steel seen under pressure
Analysts expect the operation cost of JSW Steel to have remained under pressure in Oct-Dec 2012 as it is forced to source raw material at higher cost on the back of iron ore shortage and mining ban in Goa and Karnataka. Analysts also expect the company to suffer from weak pricing power owing to subdued demand in Oct-Nov and this they expect to show up in its earnings for Oct-Dec 2012
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MPT loses iron ore cargo
Reports suggest that the Mormugao Port Trust (MPT), which is losing considerable cargo traffic in recent months, requested the central government for help to tide over the crisis. The port has been losing iron ore export traffic following a court order banning iron ore mining in Goa. Export of iron ore and pellets account for nearly 80 percent the portĂâs total traffic
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Essar Ports handles 180 ships in Oct-Dec 2012
During the third quarter of FY13, the company's terminals handled a ĂârecordĂâ 180 ships, as against 114 ships handled for the corresponding quarter of last year. Meanwhile, the port aims to raise its cargo handling capacity to 158 million tonne per annum from the present 104 mn t
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CSLA cries foul on light dues
Industry body of shipping companies complain that the Light Dues charged by the Customs Department on containers carried on decks of ships docked in all the major ports raises costs of operation. Therefore, the Container Shipping Lines Association (CSLA) plans to request the Shipping Ministry to intev
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Cairn India posts 48% rise in net profit
The consolidated net profit of Cairn India rose 48 per cent to Rs 3,344.9 crore in the October-December 2012 quarter from the year-ago period. The company announced a 38 per cent growth in consolidated revenue to Rs 4,277.6 crore during this perio