On a sequential quarter basis, Ebitda and revenue remained nearly flat.
The deal size was Singapore $ 7 million, roughly Rs 36 crore, for 56.5% held by NSH in NSV. The latter had a turnover of Rs 453 crore in FY19 and its net worth as on March 31, 2019, was Rs 65 crore, according to the notification. NSH is a wholly-owned subsidiary of TS Global Holdings Pte Ltd (TSGH).
Cumulative production of iron ore up to October 2019 was recorded at 15.95 mt against 15.47 mt up to October 2018, while production in October 2019 went down to 2.49 mt against 3.23 mt in October 2018. NMDC reported the provisional production and sales figures in a notification to the BSE on Monday.
In a statement, the company said despite a slowdown in steel industry demand for its product has remained intact. Manufacturing EBITDA for the first half of the year stood at Rs 120 crore with margin of 13.8%.
The Arjas steel plant at Tadipatri, in Anantapur district of Andhra Pradesh, has an installed capacity of 300,000 tonnes of special steel long products per year, focused on automotive, defence, railways and related industries. The initial plan is to increase the capacity to 350,00 to 375,000 tonnes.
EBITDA went down to Rs 46.53 crore in Q2FY20 against Rs 86.53 crore in Q1FY20.
HZL’s half yearly net went up 3% to Rs 3,846 crore.
It comes at a time when Railways has decided on a massive modernization to replace aging infrastructure. It followed the collapse of the FoB at the northern end of Mumbai's Chhatrapati Shivaji Maharaj Terminus earlier this year.
ICICI Securities, in its research report, said that renewal of mining leases in March 2o20 is a golden opportunity for the National Mineral Development Corp to permanently enhance its mining share in domestic iron ore production.
The capacity addition follows robust demand for Kamdhenu Structural Steel, its key infrastrucre steel product, in western UP and adjoining areas.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon