Page 2 - Aditi Divekar

Mahindra Logistics ramps capacity, adds 14,000 jobs ahead of festive season

The company is adding solutions like pop-up facilities across eight major cities aggregating to 1.1 million sq ft

Ind-Ra maintains stable outlook for H2FY22 on domestic steel sector

Higher coking coal prices could moderate per-tonne EBITDA margins, but absolute EBITDA is likely to be adequately compensated by robust sales volumes and elevated price levels

Vedanta to disburse Rs 6,877 crore via dividend declaration

Vedanta board approves first interim dividend of Rs 18.50 per share for FY22

Hindustan Zinc extends shutdown at one of Chanderiya smelter roasters

In a BSE filing, the company informed that the extension of the closure will result in potential loss of production of about 25,000 tonne of zinc

Aluminium industry staring at 3-5 day coal inventory amid CIL's supply cut

The aluminium industry CPPs signs FSA with Coal India and its subsidiaries for assured long term coal supply

KEC International to double civil business revenue to Rs 2,000 cr in FY22

With strong revenue visibility in the civil segment, the company has also been investing Rs 70-80 crore since last year as capex.

Global iron ore production growth to average 3.6% between 2021-25

India's ore output growth seen at 194 million tonnes in 2030, with annual output growth averaging 1.1%

Ind-Ra upgrades JSW Cement's long-term issuer rating to 'IND A+'

The upgrade reflects the significant improvement in JSWCL's business profile, owing to strengthening of market position and operating performance, as well as the financial profile over the near term.

Moody's assigns Ba3 rating to Adani Green Energy's USD senior secured notes

Outlook is stable. AGEL will primarily use the proceeds to on-lend to its direct and indirect subsidiaries so they can fund the development of utility-scale renewable power projects

China's two-week port closure to have a mixed impact on India's trade

India has been facing acute shortage of containers since November 2020 leading to ocean freight rates having zoomed 5-7times within a span of 8-9 months.

Port asset monetisation to push up private participation amid TAMP dilution

The total estimated capex towards these projects stands at Rs 14,483 crore between FY22-FY25

Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

Tata Steel, Mitsui OSK Lines sign MoU to develop eco-friendly shipping line

The move by the country's oldest steel producer reflects its larger sustainability goal and effort to reduce greenhouse gas emissions in supply chain

India engineering goods exports in July hit all-time high of $9.14 bn: EEPC

Sector accounts for a fourth of country's total merchandise exports by value during the month; US remains top importer

Hindalco Industries earmarks capex growth of $2.5-$3 billion over 5 years

Part of the capex will be deployed towards Novelis' business regions in auto-finishing lines expansion in the US and China

Iron ore price fall yet to completely reflect in the domestic market

Steel companies in wait-and-watch mode, expect reduction from NMDC

DTDC starts vaccine delivery with hi-tech temperature control system

The logistics firm has the means to manage a temperature range of -80 degrees to +25 degrees celsius, backed by speedy and effective transportation across India

Robust demand amid lower iron prices to boost steel margins in H2FY22: Icra

While weak demand growth in domestic market saw larger players resorting to exports to cushion the Covid impact of the past 14-16 months, smaller players languished, the rating agency said

Manufacturing firms list green goals; environmentalists say more needed

Tata Power was the first power company to declare a net-zero target for itself

Overall Covid situation did indirectly impact hiring: ABB's Sanjeev Sharma

In a Q&A, the MD of the engineering giant says each of the 18 divisions of the company has carved out its plan for business expansion where it sees merit