India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.
Tag: metals
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Our specialists have developed a deep understanding of the challenges and requirements in each sector
The total lubricant market in India is around 2.2 billion litres. It is a strong market with rising opportunities and ranks third after the United States and China. As per recent reports by Kline, the overall Lubricants industry in India is expected to grow at a CAGR of 2.5 per cent.
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Is India´s steel industry ready to take the torch from China?
As Prime Minister Narendra Modi pushes for improvements in India´s infrastructure and housing, the nation´s steel consumption is set to accelerate. China´s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
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We have learned with India a little patience. This is a part of our growth.
Stephane DECLEE, VP, Energy, Process & Utilities at Dassault Systemes, says Dassault is investing for the long haul and looking at the metals, oil & gas and power sectors. Give us an overview of the company in India.
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L&T hopes to win 2 power plant contracts in FY16
Engineering major Larsen & Toubro expects to bag at least two thermal projects out of the 12 which are likely to come up for bidding over the next one year, a senior company official has said.
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Infrascape 2015 – We definitely believe that India is…
We definitely believe that India is a hot spot for global players. The country has seen an influx of large scale manufacturing projects in the last couple of years, thus opening avenues for global players mostly in the automotive, industrial and construction equipment, metals industries as well as IT services industry.
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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Chhattisgarh govt gives sops to steel sector
Chhattisgarh government reduced the entry tax on iron ore, pig iron and steel scrap purchased from outside the state to 0.5 per cent from 1 percent in the budget for 2013-14. The state government also reduced the value-added tax on TMT steel bars from 5 to 3 per cent, while the entry tax on iron ore
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units – coke oven batt
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units – coke oven batt
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