Steel prices hiked by 10%
Steel producers have pushed up prices yet again by almost 10% — despite the government’s call against price hikes. Integrated steel makers increased the price of benchmark hot rolled coils (HR coils) between Rs 1,500 per tonne and Rs 3,500 per tonne (5%-10%) on account of rising iron ore, coking coal and energy prices. The hike would take the domestic HR prices to over Rs 33,000 per tonne.
KEC to acquire US power firm
The RPG group-promoted KEC International, one of the largest power sector erection, procurement and construction (EPC) majors in the world, will soon acquire a mid-sized power sector EPC player in the US. The company has identified a few targets and hopes to complete the transaction in a few months, according to Ramesh Chandak, managing director and CEO, KEC International. He added that the targeted company would be a transmission line construction
company.
BPCL may process 9.5 pct less crude in 08/09
Bharat Petroleum Corp's is likely to process 9.5 percent less crude at its two key refineries in the next fiscal year beginning April compared with this year, due to planned shutdowns. Shutdown at Kochi refinery would be to raise capacity and at Mumbai will be a maintenance shutdown. BPCL runs a 240,000-bpd refinery in Mumbai, and another 150,000-bpd refinery in Kochi in the southern state of Kerala. Its subsidiary, Numaligarh Refinery Ltd, runs a 60,000-bpd refinery in northeast India, where processing depends on crude availability.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment