SAIL doubles crude steel production capacity SAIL doubles crude steel production capacity Pratik Shastri / Tuesday, September 22, 2020 / Article rating: 3.6 The government also has formed a ‘National Steel Policy’, which aims this achievement of 300 MTPA crude steel capacity by 2030. It has further taken certain steps toward fulfilling this goal.
RITES trades lower despite signing MoU worth Rs 475 crore RITES trades lower despite signing MoU worth Rs 475 crore Pratik Shastri / Monday, September 21, 2020 / Article rating: 3.3 The company announced that it has been awarded a contract for railway electrification works worth Rs 474.92 crore. The company will enter into an MOU with the concerned railway where the company will have a scope of work in turnkey contracts.
New institutional investors add stake in Essel Propack; stock gains 3 per cent New institutional investors add stake in Essel Propack; stock gains 3 per cent Pratik Shastri / Monday, September 21, 2020 / Article rating: 3.2 After the stake sell, Epsilon Bidco Pte Ltd will continue to hold a controlling stake in the company with 52 per cent holding remaining. Essel Propack is a manufacturer of plastic packaging material (collapsible tubes & laminates) used for FMCG companies.
Shipping industry records 9 per cent increase in tonnage capacity Shipping industry records 9 per cent increase in tonnage capacity Pratik Shastri / Saturday, September 19, 2020 / Article rating: 3.5 Recently, Cochin Shipyard did a successful order booking for two automated vessels from Norwegian Government. These will be the first-of-its-kind unmanned vessels.
RBI to purchase government securities under OMOs for aggregate amount of Rs 10,000 crore RBI to purchase government securities under OMOs for aggregate amount of Rs 10,000 crore Pratik Shastri / Friday, September 18, 2020 / Article rating: 5.0 RBI said that the result of the auction will be announced on the same day and successful participants should ensure the availability of the requisite amount of securities in their SGL account by noon on September 25, 2020.
Air passenger load factor crosses 60 per cent in August: DGCA Air passenger load factor crosses 60 per cent in August: DGCA Pratik Shastri / Thursday, September 17, 2020 / Article rating: 5.0 SpiceJet reported a load factor of 76 per cent, followed by Vistara (68.3 per cent). Over 2.8 million passengers flew in August, which is 33 per cent higher than July.
Cooperation for Sputnik-V vaccine in Russia helps Dr Reddy gain 4 per cent intraday Cooperation for Sputnik-V vaccine in Russia helps Dr Reddy gain 4 per cent intraday Pratik Shastri / Wednesday, September 16, 2020 / Article rating: 4.6 As per the recent data available, as of September 4, a research paper on the results of phase I and phase II clinical trials of the Sputnik-V vaccine has been published in one of the leading international medical journals.
India exports contract 12.66 per cent in August; trade deficit narrows to $6.77 billion India exports contract 12.66 per cent in August; trade deficit narrows to $6.77 billion Pratik Shastri / Wednesday, September 16, 2020 / Article rating: 5.0 As per the data released by the Commerce Ministry, merchandise exports fell by 12.66 per cent to $22.70 billion in August 2020, as compared to $25.99 billion in the same month, a year ago.
Coal India mining projects running behind schedule; stock tumbles 41 per cent YTD Coal India mining projects running behind schedule; stock tumbles 41 per cent YTD Pratik Shastri / Friday, September 11, 2020 / Article rating: 4.2 Earlier this month, the company had announced a plan to invest Rs 1 lakh crore, which would help the company to achieve 1 billion tonnes (BT) coal production by the year 2023-24.
National Fertilizers beats Urea production target National Fertilizers beats Urea production target Pratik Shastri / Friday, September 11, 2020 / Article rating: 3.9 Also on the production front, the company has beaten the production target of its main revenue component Urea. It has produced 16.11 lakh MT of Urea during April-August 2020 as against 14.26 lakh MT produced during the same period in 2019-20.