Jindal Steel & Power reports 25 per cent steel sales growth in July 2020 Jindal Steel & Power reports 25 per cent steel sales growth in July 2020 Amir Shaikh / Tuesday, August 4, 2020 / Article rating: 4.5 JSPL’s consolidated steel sales during July 2020 soared 25 per cent to 7,62,000 tonnes from 6,11,000 tonnes sales in the same period last year
Welspun Corp receives order worth Rs 1,000 crore; stock soars 5 per cent Welspun Corp receives order worth Rs 1,000 crore; stock soars 5 per cent Amir Shaikh / Monday, August 3, 2020 / Article rating: 4.4 With these orders, the company’s order book as on June 2020, stood at 759 KMT valued at almost Rs 6,200 crore. These order books translate into book-to-bill of 0.62x on TTM revenue, giving healthy revenue visibility in the near term
Company promoters increasing stake consistently in last 4 quarters Company promoters increasing stake consistently in last 4 quarters Amir Shaikh / Monday, August 3, 2020 / Article rating: 3.4 Generally, the promoters or promoter groups are the ones who have major control over the company and may also hold senior executive positions. As a result, they are in a better position to understand the company’s day-to-day performance and future outlook
Polycab to expand its international presence Polycab to expand its international presence Amir Shaikh / Monday, August 3, 2020 / Article rating: 4.3 Polycab India is planning to expand its presence in the international markets, where dependence on Chinese imports is higher. The company is targeting markets like the US, Australia, Europe, and Africa, among others
Assets under management of NBFC to fall first time in two decades: CRISIL Assets under management of NBFC to fall first time in two decades: CRISIL Amir Shaikh / Thursday, July 30, 2020 / Article rating: 5.0 CRISIL on Wednesday released a report on the assets under management (AUM) of non-banking financial companies (NBFCs), in which, it expects the AUM of these NBFCs to dip 1-3 per cent in FY21E
ICRA expects fertiliser companies to report healthy profitability in FY21E ICRA expects fertiliser companies to report healthy profitability in FY21E Amir Shaikh / Wednesday, July 29, 2020 / Article rating: 4.3 The rating agency, ICRA, in its latest report, has stated that the fertiliser companies are likely to register healthy profitability in the current fiscal year on the back of robust fertiliser off-take by the farmers in Q1FY21 as well as healthy growth across segments
S H Kelkar completes acquisition of Creative Flavours & Fragrances S H Kelkar completes acquisition of Creative Flavours & Fragrances Amir Shaikh / Wednesday, July 29, 2020 / Article rating: 4.5 Fragrance manufacturer, S H Kelkar informed the bourses on Tuesday, that it has completed the acquisition of Creative Flavours & Fragrances (CFF) by acquiring an additional 49 per cent stake in the company for Euros 16 million
Tata Steel to start Indias first scrap processing plant Tata Steel to start Indias first scrap processing plant Amir Shaikh / Tuesday, July 28, 2020 / Article rating: 4.1 Tata Steel informed the bourses on Tuesday that it has flagged-off the first raw material consignment of ferrous scrap on July 24 for trials at its steel recycling plant that is being set up in Rohtak (Haryana). The said plant has 0.5 MTPA scrap processing capacity, which is expected to commence soon
Coal allocation to power sector dips 29 per cent Coal allocation to power sector dips 29 per cent Amir Shaikh / Tuesday, July 28, 2020 / Article rating: 4.3 Coal India’s coal allocation under special forward e-auction for the power sector declined 28.7 per cent to 4.74 million tonnes (MT) in the first quarter of the ongoing fiscal (Q1FY21)
INEOS Styrolution plunges after promoter reject discovery price of Rs 1,100 INEOS Styrolution plunges after promoter reject discovery price of Rs 1,100 Amir Shaikh / Friday, July 24, 2020 / Article rating: 4.1 INEOS Styrolution India informed the bourses on Friday that its promoter INEOS Styrolution APAC Pte. Ltd has decided to reject the discovered price of Rs 1,100 per equity share.