*Jindal Steel & Power Ltd:*
*Outlook Neutral*
Steel production volume up 20% in Q1FY22 to 2.01 MnT YoY vs 1.67 MnT but down 3% QoQ vs 2.07 Mnt.
Steel sales volume up 3% in Q1FY22 to 1.61 MnT YoY vs 1.56 MnT but down 14% QoQ vs 1.91 Mnt.
The company is confident of achieving FY22 production target of 8.0-8.5 million tonnes.
JSPL also aims to reduce net debt to Rs. 9900 Cr by the end of FY22.
*Outlook Neutral*
Steel production volume up 20% in Q1FY22 to 2.01 MnT YoY vs 1.67 MnT but down 3% QoQ vs 2.07 Mnt.
Steel sales volume up 3% in Q1FY22 to 1.61 MnT YoY vs 1.56 MnT but down 14% QoQ vs 1.91 Mnt.
The company is confident of achieving FY22 production target of 8.0-8.5 million tonnes.
JSPL also aims to reduce net debt to Rs. 9900 Cr by the end of FY22.
This is the first order for Isgec Hitachi Zosen Ltd., India (a joint venture of Isgec Heavy Engineering Ltd., India and Hitachi Zosen Corporation, Japan) for supplying such Reactors to USA.
Isgec Hitachi Zosen Limited received a prestigious order for the supply of 4 nos. Reactors of Vanadium Modified Low Alloy Steel, for a Renewable Energy project in USA. The scope of work includes mechanical design, material procurement, fabrication, testing, and supply of equipment.
This is the first order for Isgec Hitachi Zosen Ltd., India (a joint venture of Isgec Heavy Engineering Ltd., India and Hitachi Zosen Corporation, Japan) for supplying such Reactors to USA.
Positive
This is the first order for Isgec Hitachi Zosen Ltd., India (a joint venture of Isgec Heavy Engineering Ltd., India and Hitachi Zosen Corporation, Japan) for supplying such Reactors to USA.
Positive
HDFC sold 2.46% stake in Hindustan Oil Exploration shares for Rs 37.19 cr. Sold Hindustan Oil stake between Sept 2017 and July 7
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*Ujjivan SFB Q1FY22 Business Update – Negative*
• Advances declined by 7% QoQ & by 2% YoY to Rs. 14,120 Cr.
• Disbursements were at Rs. 1311 Cr vs QoQ 4274 Cr & YoY Rs. 477 Cr.
• Deposits increased by 4% QoQ & by 24% YoY.
• CASA increased by 3% QoQ & by 77% YoY. CASA ratio was at 20.3% vs QoQ 20.5% & YoY 14.2%
• Advances declined by 7% QoQ & by 2% YoY to Rs. 14,120 Cr.
• Disbursements were at Rs. 1311 Cr vs QoQ 4274 Cr & YoY Rs. 477 Cr.
• Deposits increased by 4% QoQ & by 24% YoY.
• CASA increased by 3% QoQ & by 77% YoY. CASA ratio was at 20.3% vs QoQ 20.5% & YoY 14.2%
China will sell more metals from state reserves in the near term, after the country released 100,000
tons of copper, aluminum and zinc on July 5, National Food and Strategic Reserves Administration said in statement on website Wednesday.
tons of copper, aluminum and zinc on July 5, National Food and Strategic Reserves Administration said in statement on website Wednesday.