The ability of Indian steel producers to cover the major components of their cost of operations in the next year would primarily depend on the price of raw materials as cost of raw materials comprises 60% of the total cost of
On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods i
Small and marginal farmers owning small tracts of land would be largely benefited. Social security and health coverage for a large chunk of workers in the unorganised sector through innovative schemes announced in the Budge
While the major players are operating at a level of 81% of capacity, the SME sector is restrained by a much lower utilisation of installed capacity (68%), primarily due to raw material shortages in iron ore and non-coking coa
The latest core inflation reflected in consumer price index (CPI) indicates that price level had increased by 2.19% during December 2018 and the headline inflation represented by wholesale price index (WPI) had gone up by 3.8
A lot of speculations are rife on the probable state of the sector in 2019. Now that Brent crude oil price has declined, it is not likely to go up in the coming 2-3 months, despite the alleged production cuts by Opec.
In The first half of the current financial year, the industrial production in the country has grown 5.1%. This rate could have been higher but for the poor growth in Mining (0.2% in September) and Intermediate Goods (1.4% in
In order to frame standards and codes in various commodities and thereby specify the chemical and mechanical properties of the item when used individually or in combination with other commodities, the Bureau of Indian Standar
We recall that the market scenario in Q1 of FY18 was dull. Prices were down; capacity utilisation was poor, expansion plans were put on hold and PMI exhibited bleak forecasts of new order booking and were on the brink of cont
Growth of Industrial Production in August’18 at 4.3% with manufacturing at 4.6% is somewhat lower than what was expected with the publication of July results. But there is lot to cheer about for the industry.
The major components of capital goods are: heavy electrical equipments, process plant equipments, engineering goods, earth moving equipments, metallurgical machinery, machine tools, textile, plastic machinery, tools dies and
Commodity demand outlook in the first 2 quarters of the current fiscal raises hope that it would be sustained in the coming months. A positive scenario on steel demand is primarily reflected in the market realisation of the p