Bharat Forge has completed the acquisition of JS Autocast Foundry India (JS Auto). The enterprise value of the transaction is Rs 489.63 crore. Recently, JSA has been granted Environmental Clearance to expand its existing foundry operations at SIPCOT from 21,768 TPA to 72,000 TPA. This coupled with 28,800 TPA foundry capacity at Coimbatore, provides a significant growth platform for the company. JSA will focus on […]
APL Apollo Tubes announced its sales volume performance for the quarter ending 30 June 2022. The Company registered a sales volume of 422,788 ton in Q1FY23 compared to 373,124 ton in Q1FY22. The quarterly sales volume declined QoQ because the industry witnessed channel de-stocking due to domestic steel price correction. This was triggered by the imposition of duty on steel exports in May 2022. The […]
Tata Motors announced its sales in the domestic & international market, for Q1 FY23, which stood at 2,31,248 vehicles, compared to 1,14,784 units during Q1 FY22. The companys total domestic sales stood at 2,25,828 vehicles in Q1 FY23, recording a quarter-on-quarter decline of 3% and a year-on-year growth of 110%. Domestic sales stood at 79,606 vehicles in month of June 2022, recording a month-on-month growth […]
The Indian Rupee added some decent gains today as the uptick in local equities in intraday moves and the recent selling pressure in crude oil prices. Market also eyed at the recent goverment measures aimed at curbing Indias trade deficit. The INR added 12 paise to close at 78.94 mark.Powered by Commodity Insights
Coal India and its subsidiaries achieved coal production of 51.6 million tonnes in month of June 2022 compared to 40 million tonnes in June 2021, recording a growth 28.9%. The companies coal offtake stood at 59 million tonnes in June 2022 compared to 51.2 million tonnes in June 2021, recording a growth of 15.2%. Powered by Capital Market – Live News

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