The Indian metal shares rallied on the again of upper realisations post-Covid in FY21 and FY22. However as uncooked materials prices caught up and realisations declined, the affect was felt on profitability in FY23 and onwards. Additional, import of lower-cost metal from China has added to the woes over the past 12 months, with hopes … Read more
New Delhi Indian authorities have to take “varied measures” for controlling rising metal imports from China, and different oblique sources (Chinese language-export-induced international locations) like Vietnam, Ranjan Dhar, Director and Vice-President – Gross sales and Advertising and marketing, ArcelorMittal Nippon Metal India (AMNS India), stated. Dhar can be in favour of restoring primary customs responsibility … Read more
From being featured within the second RBI listing of notorious defaulters in 2017-18 to planning a capital expenditure of ₹1,000 crore, Jai Balaji Industries has come a good distance, turning into a really uncommon case of a profitable turnaround story within the metal trade. Hit by the sudden deallocation of a coal block by the … Read more