A large number of manufacturing companies in India have informed that they are shutting down their plants in accordance to the government’s action plan to combat Coronavirus COVID 19, with some warning that this will impact earnings. “The domestic industry is being impacted in unprecedented ways with increasing levels of uncertainty,” said Polycab Industries, one […]
Jindal Steel & Power Limited reported a 17% year-on-year jump in its steel output for the three months from April to June, 2109. This compares to a 20% jump seen in the previous quarter. JSPL produced 1.57 million tons of steel and steel products during the quarter, slightly higher than the 1.51 millon tons reported […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, reported a 4% increase in production of crude steel in May 2019. JSW produced 14.53 lakh tonnes of crude steel during the period, compared to the 13.99 lakh tonnes produced a year ago. Besides crude steel, the company also produces long rolled products as […]
Uttam Sugar Mills Ltd informed that it obtained acknowledgement from the government of India after doubling its Ethanol distillery capacity. The company, engaged in production of sugar, Ethanol and power generation, said it has doubled its existing ethanol capacity is 22,500 Kilo Liters (KL). Under India’s industrial rules, large enterprises are required to inform the […]
GAIL India Limited, a government natural gas transmission and marketing company, said it has started operation of its first UNIPOL polyethylene process line with a capacity to produce 4,00,000 tons of polyethylene per year in its Pata plant in Uttar Pradesh. GAIL’s flexible high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE) swing plant provides access to […]
Vedanta Resources said its current aluminium production rate is 1 million tons per annum and that the company’s overall production guidance for the current financial year remains unchanged at 1.2 mtpa. It also said the commissioning of pots at the first line of the 1.25 mtpa Jharsuguda-II Aluminium smelter was completed by end of July […]
Tata Steel Limited registered Hot Metal steel production of 2.69 million tonnes, up by 13.1% on year, and Crude Steel output of 2.55 million tonnes, up by 11.3% on year, for the third quarter of the financial year. Saleable Steel production was higher by 13.1% y-o-y to 2.51 million tonnes, and sales increased by 10.3% […]
