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Debt of top 30 steel firms at $150 bn

Debt of top 30 steel firms at $150 bn

The net debt of the top 30 steel companies globally has touched a record high of over $150 billion, according to consultancy firm Ernst and Young (E&Y). The global consultancy´s report also reveals that major part of this debt is with companies in India, China and Brazil.

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The need for speed

The need for speed

India is the third largest pre-engineered building (PEB) market in the world after the US and China. With a market size of about half a million metric tonne and a growth rate of 8-10 per cent, according to industry estimates, however, the growth hasn't been a pervasive one.

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Coal prices fall to 12-yr low

Coal prices fall to 12-yr low

Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China, which have until recently been pillars of strong demand.

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TRAILBLAZERS

A buzzing campus, enthusiastic students, a well-organised event, distinguished and exemplary speakers all made for a day´s worth of good entertainment but also important information and keen insights on infrastructure in India

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Milestone Feat

Milestone Feat

AFCONS has carved a niche for the company by becoming the first Indian EPC contractor for installing a process platform for ONGC using float-over technology on time.