Looking at the revenue aspect, this project is likely to generate revenue to the tune of around Rs 1,250 crore over the next four to five years.

The company’s order book as of FY20 stood at Rs 8,100 crore translating total capacity of 950 MW.

The company’s order book as of FY20 stood at Rs 6,916 crore and going ahead, the order booking in the current year will depend upon the revival of investments in refineries, petrochemicals, and fertiliser projects.

SBI Cards & Payment Services (SBI Card) today gained nearly 4 per cent intraday soon after the festive sale began. In line with the changing shopping trends, the consumers will be given discounts as well as cashback offers, across a host of brands.

Amid the continuing rise in food prices, the inflation based on the consumer price index (CPI) jumped to an eight-month high of 7.34 per cent in September.

On the Capex front, the board has recently approved the setting up of an additional facility to produce 100,000 MTPA of Chloromethane in Dahej (Gujarat) at a projected cost of Rs 315 crore. This project would enhance the company’s industrial chemical portfolio and is likely to commence by January 2022.

The resumption of construction activities and the adoption of digital technologies would strengthen the demand for steel and make the Indian steel sector globally competitive.

On the debt front, the company’s net debt stands at Rs 70.1 crore as of September 2020 as against Rs 127.9 crore in March 2020 and Rs 217.8 crore in September 2019.

On the economic growth front, RBI said that the real gross domestic product (GDP) growth in 2020-21 is expected to be negative at (-) 9.5 per cent, with risks tilted to the downside: (-) 9.8 per cent in Q2FY21; (-) 5.6 per cent in Q3; and 0.5 per cent in Q4.

Indian yarn players have high export dependence on China (FY16 to FY19: around 30 per cent), which reduced to around 20 per cent for the three months ended June on account of lower demand and growing competition from Vietnam & Pakistan.