The standalone net profit of Reliance Industries (RIL) rose 6 percent in 2012-13 on a year-on-year (y-o-y) basis to Rs 21,003 crore, while its revenue rose 9.2 percent to Rs 3.71 trillion. The company attributed the growth in earnings largely to strong and improved refining margins during the year
Tag: industry
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SCI, DCI, ports incur avoidable costs
The annual report of the union shipping industry shows that some organisations in the sector incurred an expenditure of about Rs 490 crore, which was avoidable. According to a government audit, pointed out in the report, Dredging Corporation of India (DCI) incurred Rs 165 crore cost owing to lack of professional handling of fuel consumption
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Growth in marine-hull insurance segment may slowdown
Weak financial position of shipping companies may slowdown growth in the marine-hull segment of the insurance industry, reports indicate. Marine-hull insurance is purchased by port authorities, shipowners, shipbuilders, oil- and energy-sector companies, bankers and financiers of ships or vessels who have insurable interest
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Study shows steel firms must attain raw material security
Long-term success of steel companies would be determined by investment in raw material security, capital project management, customer centric measures, a study by consulting firm Accenture shows. The study also laid emphasis on building differentiated supply chains and securing human capital for t
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Ministry lines up steps for shiphuilding sector
In order to promote shipbuilding industry, the union shipping ministry has lined up measures which include providing cheap loans to the firms, PK Sinha, union shipping secretary said. The shipping ministry has requested the finance ministry to give an interest subvention scheme for the shipbuilding industry as the sector grapples to attract com
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Domestic airports face challenges in becoming international hub
Industry watchers point out the challenges for airports in India to become international hub for Indian airline companies. An airport must have two prerequisites to become an effective hub. First, it needs a strong anchor airline operating out of the airport, as Emirates does from Dubai or Deutsche Lufthansa AG from
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Ministry takes steps for growth of steel sector
Union Minister of Steel Beni Prasad Verma informed Parliament that his ministry routinely consults the steel industry to be apprised of the constraints to growth and recommends necessary corrective measures as and when necessary, to other concerned ministries. He said the government has taken the following steps to support the competitive production and capacity growth of the steel
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Union budget may boost growth in infra sector
Union Budget 2013-14 is expected to boost growth in the infrastructure sector as it has announced several new initiatives. For example, the budget proposed taking up two new cities -" Dholera in Maharashtra and Shendra Bidkin in Gujarat -" under the Delhi Mumbai Industrial Corridor Project. Finance Minister P Chidambaram said the government will provide additional funds for the project in 20
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Budget may have mixed impact on oil and gas sector
Industry watchers feel that the budget 2013-14 was a mixed bag for the oil and gas sector. While the Finance Minister announced that his government would soon release shale gas policy and review the pricing of natural gas, industry players are cautious. They feel that one has to wait and watch how the
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Budget may have mixed impact on oil and gas sector
Industry watchers feel that the budget 2013-14 was a mixed bag for the oil and gas sector. While the Finance Minister announced that his government would soon release shale gas policy and review the pricing of natural gas, industry players are cautious. They feel that one has to wait and watch how the