Rising coal use in India and emerging Asia
2019年12月23日 恋愛3 trillion in zero-carbon power investment by 2040 is needed to prevent carbon dioxide levels in the atmosphere rising above the limit of 450 parts per million, the report says. It will be 2037 before renewables overtake coal,” she said.The forecast by Bloomberg New Energy Finance, the energy research unit of information company Bloomberg, expects some $7.
Rising coal use in India and emerging Asia will push global carbon emissions five per cent above 2015 levels by 2040, to 700 megatonnes, the Bloom-berg New Energy Finance forecast said..8 trillion to be invested globally in renewables over the period, compared with $1.“As a global generation source, gas will be overtaken by wholesale metric nuts renewables in 2https://www.jinduhardware.com .Gas will attract a relatively small $892 billion, it said, despite a projected glut of the fuel leading to lower power generating costs.Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants betw-een 2016 and 2040 in spite of persistently cheap coal and gas prices, a new re Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants betw-een 2016 and 2040 in spite of persistently cheap coal and gas prices, a new report has found.
One conclusion that may surprise is that our forecast shows no golden age for gas, except in North America,” according to report co-author Elena Giannakopoulou.Another $5.2 trillion for new coal plants — largely in India and other Asian emerging markets.While good news for helping decarbonise the world’s electricity system, it is still not enough to meet the United Nations target to limit global warming below two degrees Centigrade
Rising coal use in India and emerging Asia will push global carbon emissions five per cent above 2015 levels by 2040, to 700 megatonnes, the Bloom-berg New Energy Finance forecast said..8 trillion to be invested globally in renewables over the period, compared with $1.“As a global generation source, gas will be overtaken by wholesale metric nuts renewables in 2https://www.jinduhardware.com .Gas will attract a relatively small $892 billion, it said, despite a projected glut of the fuel leading to lower power generating costs.Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants betw-een 2016 and 2040 in spite of persistently cheap coal and gas prices, a new re Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants betw-een 2016 and 2040 in spite of persistently cheap coal and gas prices, a new report has found.
One conclusion that may surprise is that our forecast shows no golden age for gas, except in North America,” according to report co-author Elena Giannakopoulou.Another $5.2 trillion for new coal plants — largely in India and other Asian emerging markets.While good news for helping decarbonise the world’s electricity system, it is still not enough to meet the United Nations target to limit global warming below two degrees Centigrade
30 crore.61 crore, while Bombay Rayon Fashions has an outstanding due of Rs 96.Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank.07 crore towards the bank.
State-owned Central Bank of India has put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of Rs 3,321 crore."In terms of the bank https://www.jinduhardware.com/product/flange-nut/ hex flange nut Manufacturer policy on sale of financial assets in line with the regulatory guidelines, we place the following accounts for sale to banks/ARCs/NBFCs/FIs," Central Bank of India has said in a bids invite document on its website. Alok Industries owes Rs 1,251 crore, Essar Steel India Rs 423.
The eauction of all these accounts will take place on March 20.The auction of these accounts is through the Swiss challenge method, under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002, on the without-recourse basis based on an existing offer of firm bid from an investor, who will have the right to match the highest bid, the bank said.
The e-auction of all these accounts will take place on March 20.According to the bid document, Bhushan # Power & Steel has an outstanding of Rs 1,550
State-owned Central Bank of India has put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of Rs 3,321 crore."In terms of the bank https://www.jinduhardware.com/product/flange-nut/ hex flange nut Manufacturer policy on sale of financial assets in line with the regulatory guidelines, we place the following accounts for sale to banks/ARCs/NBFCs/FIs," Central Bank of India has said in a bids invite document on its website. Alok Industries owes Rs 1,251 crore, Essar Steel India Rs 423.
The eauction of all these accounts will take place on March 20.The auction of these accounts is through the Swiss challenge method, under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002, on the without-recourse basis based on an existing offer of firm bid from an investor, who will have the right to match the highest bid, the bank said.
The e-auction of all these accounts will take place on March 20.According to the bid document, Bhushan # Power & Steel has an outstanding of Rs 1,550
This is bad politics and worse economics
2019年12月10日7 trillion but the European Union’s market for imports is much bigger, at $6.Indians have indelible memories, from 1971, of the threatening deployment of the US Seventh Fleet in the Bay of Bengal seeking to prevent the liberation of East Pakistan by the Bangladeshi Mukti Bahini from the oppressive, quasi-colonial rule of the Pakistani-Punjabi mafia — a close US ally.The elephant in the room is US intransigence, amounting to the “ugly American” behaviour. Also, our special relationship with the US, since the 2005 US-India Civil Nuclear Agreement, the shared commitment against terror and common military logistics arrangements, facilitate privileged access to the US market.
The psychosis of imports killing domestic jobs is familiar territory for India and scores of developing countries. It spends $180 billion on its military alone — almost equal to the total budget of the Indian government. The result was a trade surplus and a massive accretion of silver. It helps that the appetite of foreigners for AAA-rated US dollar securities finances the deficit.Unlike China under the Great Qing, the United States runs a massive trade deficit equal to around three per cent of its GDP. American consumers are accustomed to the “opium” of cheap imported goods. What is truly unusual is the conversion of the United States of America to this flawed concept and the abandonment of the open economy model by the erstwhile foremost exponent of this philosophy.
Mr Trump’s plans to levy high import tariffs on metals will rob American consumers and workers, in ancillary user trades, and keep jobs in the metals production business on life support. We must be frugal in allocating them to first build our domestic infrastructure and facilitate private investment, whilst keeping our markets lightly regulated and open to competition and foreign investment. Luckily for it, China is several thousand miles removed from the American land mass.
This will boost domestic demand and fuel economic growth, far better than resorting to failed economic solutions — such as protectionism, subsidies and publicly financed businesses to chase impossible dreams. Starting with the US walking out of the 2015 Paris climate change agreement; and its recent regressive approach to immigration — in sharp contrast to responsive European policies; and its most recent arbitrary protection via high import tariffs of steel and aluminum manufacturing jobs — all these have damaged its “soft power”.Let us not obsess about job creation or force-feeding the formal economy.5 per cent.
Of course, the US has the firepower, bolstered by its $600 billion defence expenditure, to promote “gunboat” diplomacy.Unlike China under the Great Qing, the United States runs a massive trade deficit equal to around three per cent of its GDP. This is normal for many developing countries but unusual for a “great power”. We have limited capital and governance capacity.5 per cent over 2013-16. We should become better at generating fiscal resources to redistribute as income support to the “lost generations” of Indians who are unskilled.
This is bad politics and worse economics, and at best a short-term tactic — to signal the Trump administration’s sympathies for Republican rough necks. But faced with China, an implacable adversary in the superpower sweepstakes, the US will be hard pressed to convince its potential allies that it can back its brash words with action. The new import tariff of 25 per cent on steel and 10 per cent on aluminum are of marginal consequence for India.8 trillion and China imports $2 trillion worth of goods and services.7 trillion.
Our share in world steel exports is just 2. Indian exports to the US are not of the scale where they could threaten the economic security of American industries. The negative economic impact will have to be diluted by exemptions to individual exporting countries, with reciprocal benefits for the United States, such as the preferential import of Harley Davidson motorcycles. But China lurks on our northern borders. US President Donald Trump (Photo: PTI) President Donald Trump’s administration is showing its mean, mercantilist core. It was only the counter deployment of Soviet nuclear submarines and warships, in response to a request for help from India, which rendered the USS Enterprise and the rest of the Seventh Fleet toothless. Non-farm jobs are scarce everywhere. Unsurprisingly, for it, international trade is a one-way street, with exports increasing wealth in America, at the expense of the importing economies.
It remains in India’s https://www.jinduhardware.com/product/hex-nut/ China wholesale hexagonal nut interest to adhere to the open economy model. If the US was then not willing to face down the Soviets in 1971 to help its ally Pakistan, then how credible is its willingness and ability to come to the help of India in facing down a possible threat from China?In a networked world, trade, investment and security are intertwined.The US remains the biggest single country market, with imports of $2.Prudence lies in following the Chinese strategy of subordinating muscular diplomacy to economic growth.5 per cent of our total steel exports, and we have traditional links with other big markets like the UAE, Europe, East Asia and South Asia. It took cheap opium and gunboat diplomacy by the Western colonial powers to balance the trade.
The US creates two million jobs in a year.In today’s topsy-turvy world, Mr Trump is aping the Great Qing emperors of China during the mid-19th century. Steel exports to the US in 2012-16 averaged around 6. The US views China as its primary adversary. At that time China was willing to sell Chinese silks, ceramics and art, but felt no need to import any foreign goods. Japan alone imports $0. But our largest importer is South Korea, with significant volumes also exported to Mexico, Malaysia, the UAE and Turkey. The share of the US in our aluminum exports is significant, at 10 per cent. Our share in world aluminum exports averaged 1
The psychosis of imports killing domestic jobs is familiar territory for India and scores of developing countries. It spends $180 billion on its military alone — almost equal to the total budget of the Indian government. The result was a trade surplus and a massive accretion of silver. It helps that the appetite of foreigners for AAA-rated US dollar securities finances the deficit.Unlike China under the Great Qing, the United States runs a massive trade deficit equal to around three per cent of its GDP. American consumers are accustomed to the “opium” of cheap imported goods. What is truly unusual is the conversion of the United States of America to this flawed concept and the abandonment of the open economy model by the erstwhile foremost exponent of this philosophy.
Mr Trump’s plans to levy high import tariffs on metals will rob American consumers and workers, in ancillary user trades, and keep jobs in the metals production business on life support. We must be frugal in allocating them to first build our domestic infrastructure and facilitate private investment, whilst keeping our markets lightly regulated and open to competition and foreign investment. Luckily for it, China is several thousand miles removed from the American land mass.
This will boost domestic demand and fuel economic growth, far better than resorting to failed economic solutions — such as protectionism, subsidies and publicly financed businesses to chase impossible dreams. Starting with the US walking out of the 2015 Paris climate change agreement; and its recent regressive approach to immigration — in sharp contrast to responsive European policies; and its most recent arbitrary protection via high import tariffs of steel and aluminum manufacturing jobs — all these have damaged its “soft power”.Let us not obsess about job creation or force-feeding the formal economy.5 per cent.
Of course, the US has the firepower, bolstered by its $600 billion defence expenditure, to promote “gunboat” diplomacy.Unlike China under the Great Qing, the United States runs a massive trade deficit equal to around three per cent of its GDP. This is normal for many developing countries but unusual for a “great power”. We have limited capital and governance capacity.5 per cent over 2013-16. We should become better at generating fiscal resources to redistribute as income support to the “lost generations” of Indians who are unskilled.
This is bad politics and worse economics, and at best a short-term tactic — to signal the Trump administration’s sympathies for Republican rough necks. But faced with China, an implacable adversary in the superpower sweepstakes, the US will be hard pressed to convince its potential allies that it can back its brash words with action. The new import tariff of 25 per cent on steel and 10 per cent on aluminum are of marginal consequence for India.8 trillion and China imports $2 trillion worth of goods and services.7 trillion.
Our share in world steel exports is just 2. Indian exports to the US are not of the scale where they could threaten the economic security of American industries. The negative economic impact will have to be diluted by exemptions to individual exporting countries, with reciprocal benefits for the United States, such as the preferential import of Harley Davidson motorcycles. But China lurks on our northern borders. US President Donald Trump (Photo: PTI) President Donald Trump’s administration is showing its mean, mercantilist core. It was only the counter deployment of Soviet nuclear submarines and warships, in response to a request for help from India, which rendered the USS Enterprise and the rest of the Seventh Fleet toothless. Non-farm jobs are scarce everywhere. Unsurprisingly, for it, international trade is a one-way street, with exports increasing wealth in America, at the expense of the importing economies.
It remains in India’s https://www.jinduhardware.com/product/hex-nut/ China wholesale hexagonal nut interest to adhere to the open economy model. If the US was then not willing to face down the Soviets in 1971 to help its ally Pakistan, then how credible is its willingness and ability to come to the help of India in facing down a possible threat from China?In a networked world, trade, investment and security are intertwined.The US remains the biggest single country market, with imports of $2.Prudence lies in following the Chinese strategy of subordinating muscular diplomacy to economic growth.5 per cent of our total steel exports, and we have traditional links with other big markets like the UAE, Europe, East Asia and South Asia. It took cheap opium and gunboat diplomacy by the Western colonial powers to balance the trade.
The US creates two million jobs in a year.In today’s topsy-turvy world, Mr Trump is aping the Great Qing emperors of China during the mid-19th century. Steel exports to the US in 2012-16 averaged around 6. The US views China as its primary adversary. At that time China was willing to sell Chinese silks, ceramics and art, but felt no need to import any foreign goods. Japan alone imports $0. But our largest importer is South Korea, with significant volumes also exported to Mexico, Malaysia, the UAE and Turkey. The share of the US in our aluminum exports is significant, at 10 per cent. Our share in world aluminum exports averaged 1
It added that 78-year-old Ratan Tata, one of India’s most famous industrialists, would return to the helm of the company until a successor is found, which would likely to take four months. Mumbai: Shares in Tata Sons companies fell in early trade on Tuesday after India’s biggest conglomerate shocked the Indian business world and abruptly sacked its chairman Cyrus Mistry.Shortly after the BSE opened Tata Steel sank 2..17 per cent and TCS was down 0.89 per cent, Tata Motors fell 1. Mistry had been unable to resolve a long-running dispute with NTT Docomo, which is demanding the giant coughs up a $1.75 per cent.17 billion arbitration payment awarded to the Japanese mobile phone operator at an international hearing.7 billion.In a statement Tata Sons, the holding company of the massive $100 billion Tata Group, said Monday its board had voted to replace Mistry, four years after he became its first chief from outside the immediate Tata family.Shortly after the Bombay Stock Exchange opened Tata Steel sank 2.17 per cent and IT giant Tata Consultancy Services was down 0.Mistry was declared heir to Tata a https://www.jinduhardware.com/product/hex-nut/uni5587-hex-nut.html China hex nut Manufacturers year before he took over the top position in December 2012.
The announcement came as Tata Steel struggles to offload its loss-making British assets while Tata Motors struggles with weak sales.89 per cent, Tata Motors fell 1.89 per cent, car manufacturing giant Tata Motors fell 1.Profits at India’s IT outsourcing companies are also being squeezed as the sluggish global economy sees clients rein in their spending.Medi_.During his time at the helm, the organisation went on a global purchasing spree, acquiring major names ranging from Tetley Tea to Land Rover and the Anglo-Dutch steel firm Corus in 2007 for $13.
Shortly after the BSE opened Tata Steel sank 2.17 per cent and TCS was down 0.The Tata Group spans at least 100 companies in as many countries. The issue threatens to damage its international reputation. Analysts predicted that the abruptness of Monday’s decision, uncharacteristic for the company, would impact on Tuesday’s trade.75 per cent.Tata, who took over as chairman of Tata Sons in 1991 and led the company for 21 years, is credited with building it into a global behemoth.
However, Mistry’s time in charge has been rocky and the group, founded under British colonial rule in 1868, has hit headwinds with lacklustre performances at several companies including Tata Motors, Tata Power and Tata Steel. Its brands feature daily in the lives of Indians, with products ranging from salt to watches. dc-Cover-s6cflgvcbnolih21p7b3beg9m7-20160913205229.75 per cent
The announcement came as Tata Steel struggles to offload its loss-making British assets while Tata Motors struggles with weak sales.89 per cent, Tata Motors fell 1.89 per cent, car manufacturing giant Tata Motors fell 1.Profits at India’s IT outsourcing companies are also being squeezed as the sluggish global economy sees clients rein in their spending.Medi_.During his time at the helm, the organisation went on a global purchasing spree, acquiring major names ranging from Tetley Tea to Land Rover and the Anglo-Dutch steel firm Corus in 2007 for $13.
Shortly after the BSE opened Tata Steel sank 2.17 per cent and TCS was down 0.The Tata Group spans at least 100 companies in as many countries. The issue threatens to damage its international reputation. Analysts predicted that the abruptness of Monday’s decision, uncharacteristic for the company, would impact on Tuesday’s trade.75 per cent.Tata, who took over as chairman of Tata Sons in 1991 and led the company for 21 years, is credited with building it into a global behemoth.
However, Mistry’s time in charge has been rocky and the group, founded under British colonial rule in 1868, has hit headwinds with lacklustre performances at several companies including Tata Motors, Tata Power and Tata Steel. Its brands feature daily in the lives of Indians, with products ranging from salt to watches. dc-Cover-s6cflgvcbnolih21p7b3beg9m7-20160913205229.75 per cent
The government has initiated a probe into dumping of certain steel items used in automotive and construction industry from China, in order to protect the domestic industry. According to a WTO report, India, the US and Brazil were the leading initiators of anti-dumping investigations in 2015. "The authority hereby initiates an investigation into the alleged dumping causing consequent injury to the domestic industry.
The period of investigation covers July-December 2015. Countries start anti-dumping probe to determine whether their domestic industries have been hurt due to surge in below-cost imports. to determine the existence, degree and effect of dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry," the DGAD has said in a notification.According to a WTO report, India, the US and Brazil were the leading initiators of anti-dumping investigations in 2015.
The Directorate General of Anti-Dumping and Allied Duties (DGAD) "prima facie finds sufficient evidence of dumping" of the products from that country.. The injury investigation period will also cover 2012-2013, 2013-2014, 2014-2015, April 2015-December 2015. dc-Cover-nntc3tej4fvm7sa3ogjdl23rd0-20160404012049. As a counter measure, they impose duties under the multilateral regime of WTO. It is used in many applications and sectors such as automotive components, welding electrodes, fasteners including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry, armoured cables.
According to a WTO report, India, the US and Brazil were the leading initiators of anti-dumping investigations in 2015. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. SAIL, Rashtriya Ispat Nigam, Usha Martin and JSW Steel have filed a petition before the DGAD for initiation of anti-dumping investigation and imposition of the taxes on the alleged dumped imports of "Wire Rod of Alloy or Non-Alloy Steel" originating in or exported from China.Medi https://www.jinduhardware.com/product/hex-nut/ Hex Nuts Factory From China Suppliers India has already imposed anti-dumping duty on several products to tackle cheap imports from some countries including China.
Besides, it said the applicants have requested for retrospective imposition of the anti-dumping duty. The WTO members initiated 107 new anti-dumping investigations from January-June 2015, slightly up from 106 in the same period in 2014, the report added. The products under consideration in this investigation are bars and rods, hot-rolled, irregularly wound coils, iron or non-alloy steel or alloy steel, which are commonly known as wire rods
The period of investigation covers July-December 2015. Countries start anti-dumping probe to determine whether their domestic industries have been hurt due to surge in below-cost imports. to determine the existence, degree and effect of dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry," the DGAD has said in a notification.According to a WTO report, India, the US and Brazil were the leading initiators of anti-dumping investigations in 2015.
The Directorate General of Anti-Dumping and Allied Duties (DGAD) "prima facie finds sufficient evidence of dumping" of the products from that country.. The injury investigation period will also cover 2012-2013, 2013-2014, 2014-2015, April 2015-December 2015. dc-Cover-nntc3tej4fvm7sa3ogjdl23rd0-20160404012049. As a counter measure, they impose duties under the multilateral regime of WTO. It is used in many applications and sectors such as automotive components, welding electrodes, fasteners including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry, armoured cables.
According to a WTO report, India, the US and Brazil were the leading initiators of anti-dumping investigations in 2015. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. SAIL, Rashtriya Ispat Nigam, Usha Martin and JSW Steel have filed a petition before the DGAD for initiation of anti-dumping investigation and imposition of the taxes on the alleged dumped imports of "Wire Rod of Alloy or Non-Alloy Steel" originating in or exported from China.Medi https://www.jinduhardware.com/product/hex-nut/ Hex Nuts Factory From China Suppliers India has already imposed anti-dumping duty on several products to tackle cheap imports from some countries including China.
Besides, it said the applicants have requested for retrospective imposition of the anti-dumping duty. The WTO members initiated 107 new anti-dumping investigations from January-June 2015, slightly up from 106 in the same period in 2014, the report added. The products under consideration in this investigation are bars and rods, hot-rolled, irregularly wound coils, iron or non-alloy steel or alloy steel, which are commonly known as wire rods
The government today said it is hopeful
2019年11月20日Govt expects them to resolve differences over setting up of about Rs 5,000-crore autograde steel plant.Inhttps://www.jinduhardware.com/product/hex-nut/uni5587-hex-nut.html an investor presentation in June 2015, ArcelorMittal had said the proposed steel plant will come up at a major auto cluster in India."May-end is the deadline and before that we think some solution should come up.
The proposed JV will construct a cold rolling mill and other downstream finishing facilities in India, touted as one of the fastest-growing automotive markets in the world with production expected to double between 2014 and 2020, from 3.In May last year, an inter ministerial group (IMG) had reviewed the progress of MoU that aims to set up an estimated Rs 5,000-crore joint venture (JV) plant to produce autograde steel in the country. Some problem is solved.
The much-awaited joint venture (JV) between steel giant ArcelorMittal and state-run SAIL will also focus on producing specialised grade steel products for defence, space and automobiles.The JV between steel giant ArcelorMittal and state-run SAIL will be operational by December, 2016, Singh had earlier said.6 million units to 7.hief executive Lakshmi Mittal of ArcelorMittal
The government today said it is hopeful that SAIL and ArcelorMittal will resolve differences over setting up of about Rs 5,000-crore autograde steel plant before May. Good news should come," Steel Minister Chaudhary Birender Singh told reporters here. "An MoU was signed earlier, but there were some issues related to production etc, which will be sorted in a month or so.3 million units... It should be operational by the year-end (December, 2016)," he had said. India has four major auto clusters - Pune-Chakan belt in Maharashtra, in the outskirts of Chennai in Tamil Nadu, Sanad in Gujarat and the Gurgaon-Neemrana belt spread across Haryana and Rajasthan
The proposed JV will construct a cold rolling mill and other downstream finishing facilities in India, touted as one of the fastest-growing automotive markets in the world with production expected to double between 2014 and 2020, from 3.In May last year, an inter ministerial group (IMG) had reviewed the progress of MoU that aims to set up an estimated Rs 5,000-crore joint venture (JV) plant to produce autograde steel in the country. Some problem is solved.
The much-awaited joint venture (JV) between steel giant ArcelorMittal and state-run SAIL will also focus on producing specialised grade steel products for defence, space and automobiles.The JV between steel giant ArcelorMittal and state-run SAIL will be operational by December, 2016, Singh had earlier said.6 million units to 7.hief executive Lakshmi Mittal of ArcelorMittal
The government today said it is hopeful that SAIL and ArcelorMittal will resolve differences over setting up of about Rs 5,000-crore autograde steel plant before May. Good news should come," Steel Minister Chaudhary Birender Singh told reporters here. "An MoU was signed earlier, but there were some issues related to production etc, which will be sorted in a month or so.3 million units... It should be operational by the year-end (December, 2016)," he had said. India has four major auto clusters - Pune-Chakan belt in Maharashtra, in the outskirts of Chennai in Tamil Nadu, Sanad in Gujarat and the Gurgaon-Neemrana belt spread across Haryana and Rajasthan
JSW Steel is planning to increase its manufacturing capacity to 40-45 million tonne by 2030 from the present 18 million tonne. https://www.jinduhardware.com China metric nuts Suppliers New Delhi: Sajjan Jindal-owned JSW Steel is in talks with Algeria's Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, a source said on Monday.
Aferpi ;s activity involves production of a wide range of quality and special steels, with different shapes and sizes for rails, wire rod and bars for railway, automotive, earthmoving vehicles, energy, fastening, springs and welding. JSW Steel may offer a financial consideration of USD 100 million (about Rs 639 crore) to Cevital Group to acquire the mill, the source said.Emails sent to JSW Steel and Cevital Group in this regard remained unanswered while the JSW Group official did not respond to the calls.
The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).JSW Steel is in talks with Cevital Group to acquire Aferpi, an industry source confirmed. JSW Steel is planning to increase its manufacturing capacity to 40-45 million tonne by 2030 from the present 18 million tonne.JSW Steel may offer a financial consideration of USD 100 million to Cevital Group to acquire mill.The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini.
If the country builds 300 MT capacity by 2030, we would like to plan accordingly to maintain our 15 per cent share, which will be 40-45 MT," JSW Steel joint managing director & group CFO Seshagiri Rao had said earlier
Aferpi ;s activity involves production of a wide range of quality and special steels, with different shapes and sizes for rails, wire rod and bars for railway, automotive, earthmoving vehicles, energy, fastening, springs and welding. JSW Steel may offer a financial consideration of USD 100 million (about Rs 639 crore) to Cevital Group to acquire the mill, the source said.Emails sent to JSW Steel and Cevital Group in this regard remained unanswered while the JSW Group official did not respond to the calls.
The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).JSW Steel is in talks with Cevital Group to acquire Aferpi, an industry source confirmed. JSW Steel is planning to increase its manufacturing capacity to 40-45 million tonne by 2030 from the present 18 million tonne.JSW Steel may offer a financial consideration of USD 100 million to Cevital Group to acquire mill.The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini.
If the country builds 300 MT capacity by 2030, we would like to plan accordingly to maintain our 15 per cent share, which will be 40-45 MT," JSW Steel joint managing director & group CFO Seshagiri Rao had said earlier
Moody https://www.jinduhardware.com wholesale metric nuts;s Investors Service cited JSW sustained improvement in operating and financial performance. Sajjan Jindal-led JSW Steel Moody& ;s Investors Service has upgraded outlook to stable from negative on Sajjan Jindal-led JSW Steel citing sustained improvement in operating and financial performance.
The change in outlook to stable from negative reflects the sustained improvement in JSW& ;s operating and financial performance over the last four quarters, and our view that completion of the company& ;s capex cycle will result in free cash flows turning positive and applied towards debt reduction," Kaustubh Chaubal, Moody& ;s Vice President and Senior Analyst said.
It also affirmed the company& ;s corporate family rating (CFR) and senior unsecured rating at Ba3. Steel prices in India have recovered from the lows observed during 2015-2016, following various measures by the government to curb imports, and the positive momentum across global steel markets since April 2016.
This situation has # led to a marked improvement in JSW& ;s operating performance so far in FY2017," it said. In particular, average monthly steel imports into India of approximately 0.67 million tonnes in April to December period of FY& ;17 of were down by nearly 37 per cent from the more than one million tonnes seen in FY& ;2016.
Furthermore, an addition to crude steel capacity by 25 per cent, increasing proportion of high-margin value-added products, and continuing cost rationalisation initiatives supported the improvement in JSW& ;s profitability, despite sporadic raw material cost pressures."Looking ahead, we do not expect the recent rise in iron ore and coking coal prices to be passed on entirely," the statement said.
The change in outlook to stable from negative reflects the sustained improvement in JSW& ;s operating and financial performance over the last four quarters, and our view that completion of the company& ;s capex cycle will result in free cash flows turning positive and applied towards debt reduction," Kaustubh Chaubal, Moody& ;s Vice President and Senior Analyst said.
It also affirmed the company& ;s corporate family rating (CFR) and senior unsecured rating at Ba3. Steel prices in India have recovered from the lows observed during 2015-2016, following various measures by the government to curb imports, and the positive momentum across global steel markets since April 2016.
This situation has # led to a marked improvement in JSW& ;s operating performance so far in FY2017," it said. In particular, average monthly steel imports into India of approximately 0.67 million tonnes in April to December period of FY& ;17 of were down by nearly 37 per cent from the more than one million tonnes seen in FY& ;2016.
Furthermore, an addition to crude steel capacity by 25 per cent, increasing proportion of high-margin value-added products, and continuing cost rationalisation initiatives supported the improvement in JSW& ;s profitability, despite sporadic raw material cost pressures."Looking ahead, we do not expect the recent rise in iron ore and coking coal prices to be passed on entirely," the statement said.
The company said it provided a USD
2019年10月31日The world https://www.jinduhardware.com/product/hex-nut/ wholesale hexagonal nut s largest steelmaker ArcelorMittal's takeover proposal of the Essar Steel India Ltd (ESIL). Arcelor Mittal. Global steel giant ArcelorMittal has said it is staring at various risks including excess capex and delays in achieving commercial objectives in view of its proposed acquisition of debt-laden Essar Steel India.
The world& ;s largest steelmaker ArcelorMittal& ;s takeover proposal of the Essar Steel India Ltd (ESIL), via a joint venture with Nippon Steel & Sumitomo Metal Corporation (NSSMC), in a bankruptcy resolution process has been approved by the committee of creditors (CoC) and is pending before the National Company Law Tribunal (NCLT)."Should the resolution plan be implemented, as is currently expected, it would subject ArcelorMittal to various risks.
On the operational front, the industrial project to turnaround ESIL and further improve operational profitability is large-scale and ambitious," ArcelorMittal said in its annual report released late on Monday. It said while the company has "substantial experience in turnaround situations", the scale of this one is particularly large and it is the company's inaugural large-scale acquisition in India, an emerging market."Capital expenditure in excess of budgeted amounts, delays and difficulties in achieving commercial objectives therefore cannot be ruled out," the company said. The risks in this respect are compounded to an extent by the fact that ESIL is emerging from bankruptcy and it will be owned and operated by a joint venture with attendant risks around strategic alignment, potential discord and deadlock, the report underlines. "On the financial front, there are uncertainties and risks in respect of ArcelorMittal&;s exposure (via equity investment in the joint venture and possible guarantee of the joint venture's debt)," it said.
While ArcelorMittal and NSSMC currently expect to finance the joint venture through a combination of partnership equity (one-third) and debt (two-thirds), the exact ratio has not yet been determined, and the nature of the long-term debt financing of the joint venture has not yet been defined including, whether and/or what amounts will be guaranteed by ArcelorMittal and NSSMC, it added.Pending the implementation of long-term financing, ArcelorMittal will guarantee any amounts drawn by the joint venture under the bridge financing, it said. "The JV's proposal, set out in a resolution plan detailing among other things the amount to be paid to existing creditors and towards capital infusion (totalling USD 6.8 billion and including approx USD 340 million of guaranteed working capital adjustment) and the improvements and related capital expenditures (totalling USD 2.8 billion) to be made over the medium-term, has been approved by the creditors' committee and is pending final judicial review," it said.
The company said it provided a USD 567 million performance guarantee in connection with the execution of the resolution plan. Initial financing for the debt repayment and equity infusion has been secured through a USD 7 billion term facility (or bridge financing) agreement, it added. Essar Steel owns a 10-million-tonne steel mill in Gujarat. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.
The world& ;s largest steelmaker ArcelorMittal& ;s takeover proposal of the Essar Steel India Ltd (ESIL), via a joint venture with Nippon Steel & Sumitomo Metal Corporation (NSSMC), in a bankruptcy resolution process has been approved by the committee of creditors (CoC) and is pending before the National Company Law Tribunal (NCLT)."Should the resolution plan be implemented, as is currently expected, it would subject ArcelorMittal to various risks.
On the operational front, the industrial project to turnaround ESIL and further improve operational profitability is large-scale and ambitious," ArcelorMittal said in its annual report released late on Monday. It said while the company has "substantial experience in turnaround situations", the scale of this one is particularly large and it is the company's inaugural large-scale acquisition in India, an emerging market."Capital expenditure in excess of budgeted amounts, delays and difficulties in achieving commercial objectives therefore cannot be ruled out," the company said. The risks in this respect are compounded to an extent by the fact that ESIL is emerging from bankruptcy and it will be owned and operated by a joint venture with attendant risks around strategic alignment, potential discord and deadlock, the report underlines. "On the financial front, there are uncertainties and risks in respect of ArcelorMittal&;s exposure (via equity investment in the joint venture and possible guarantee of the joint venture's debt)," it said.
While ArcelorMittal and NSSMC currently expect to finance the joint venture through a combination of partnership equity (one-third) and debt (two-thirds), the exact ratio has not yet been determined, and the nature of the long-term debt financing of the joint venture has not yet been defined including, whether and/or what amounts will be guaranteed by ArcelorMittal and NSSMC, it added.Pending the implementation of long-term financing, ArcelorMittal will guarantee any amounts drawn by the joint venture under the bridge financing, it said. "The JV's proposal, set out in a resolution plan detailing among other things the amount to be paid to existing creditors and towards capital infusion (totalling USD 6.8 billion and including approx USD 340 million of guaranteed working capital adjustment) and the improvements and related capital expenditures (totalling USD 2.8 billion) to be made over the medium-term, has been approved by the creditors' committee and is pending final judicial review," it said.
The company said it provided a USD 567 million performance guarantee in connection with the execution of the resolution plan. Initial financing for the debt repayment and equity infusion has been secured through a USD 7 billion term facility (or bridge financing) agreement, it added. Essar Steel owns a 10-million-tonne steel mill in Gujarat. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.
Financial year 2016-17 will be taxing for debt stressed firms to lower their obligations. Financial year 2016-17 will be taxing for debt stressed firms to lower their obligations.Financial year 2016-17 will be taxing for debt stressed firms to lower their obligations. However cash-rich companies also find decision making as tough as their high-debt peers.
Bad moneyThe rout in commodities, severe slowdown in demand and global uncertainties, all made the last financial year 2015-16 more challenging than the previous FY15. The Reserve Bank of India’s new bad loans recognition and provisioning norms, stringent as never before, made banks wary of refinancing old corporate debt. The story is, by any chance, not new. Even before FY16 and FY15, in FY14 for instance, listed companies in India had to wade through a slow-moving global and domestic economy amidst high interest rates in the domestic banking and financial system.In retrospect, it becomes apparent that FY15 was the only time in the last five years where sentiments of Indian companies had risen somewhat on the back of expected boost in the domestic economy. But it is not very often that one sees this august club get wise to risks in the system and not get carried away by unsubstantiated euphoric statements. As a result, the unserviceable part of piled up debt kept rising.
It sort of exploded in FY16, thanks partly to the RBI’s new disclosure norms for banks on bad loans in the banking system.Whether more or less, one cannot be sure, but a part of the rising debt levels were not creating new assets and were instead getting used to service or refinance old debt. So, when we scanned the debt levels of listed companies (see methodology), excluding banks and finance companies as of the end of FY16, we found no dearth of them.Four out of five companies, or about 80 per cent of the industry under survey, were net debt positive. In 2013 and 2014, when Financial Chronicle had carried out a similar analysis, about 75 per cent of companies were seen to be net debt positive in each of the two years. More companies, therefore, appear to be facing the risks of falling into a debt trap.After further filtration (see methodology) there were 179 companies whose net debt to total assets ratios were analysed. Collectively, these 179 companies’ net debt amounted to Rs 23,12,500 crore, which was 36 per cent of their total assets size.More than one-third of assets, in the form of net debt, indicated a higher leverage level.
In our accompanying story, the aggregate net cash to total assets was 21 per cent. So, among the major high debt and cash rich companies, the former was much ahead in terms of intensity levels.Debt borrowings are ideal for building long-term capital assets or for short-term working capital needs, in order to drive growth in earnings.
The debt to assets ratio helps gauge the scale and effective utilisation of borrowed funds by a company.When this ratio is very high, it means effective utilisation is not happening, leaving the company more susceptible to external shocks such as sectoral slowdown and internal anaemia.In our analysis, the 10 companies whose total debt, as a proportion of their total assets was the highest, include – Hanung Toys & Textiles (365.8 per cent), Shri Lakshmi Cotsyn (165.5 per cent), REI Agro (136.7 per cent), Electrotherm (India) (134.5 per cent), SL (127.4 per cent), Suzlon Energy (105.4 per cent), Moser Baer (India) (97.8 per cent), Ramsarup Industries (91.9 per cent), Visa Steel (86.1 per cent) and Hotel Leela Venture (84.9 per cent).
Three metals sector companies — PSL, Ramsarup and Visa — followed by two textiles sector companies, Hanung and Lakshmi Cotsysn, dominated the list. REI Agro was into food processing, while Electrotherm and Suzlon belong to the engineering and power sectors respectively. Moser Baer is into IT hardware and Hotel Leela, as the name itself suggests, comes from the hospitality industry.
The top 10 companies in our September 2014 list, the same analysis done in Financial Chronicle’s weekend edition, had debt to assetsratio ranging from 94.4 per cent to 154.9 per cent.This time, the range is from 84.9 per cent to 365.8 per cent, indicating a stretch at both the ends. Two years ago, seven of the 10 toppers had debt to assets ratio exceeding 100 per cent. This year, it is a tad better at six companies.Hanung Toys and Textiles, with the highest debt to assetsratio of 365.8 per cent and primarily into import and export of textile products, had a standalone net debt of Rs 2,853 crore against an asset size of Rs 780 crore. Given that it incurred an operating loss of Rs 627 crore in FY16, the company seems to be perched precariously.Hanung did not respond to our e-mailed queries and its official phone lines were unreachable.
Another textile sector company, Shri Lakshmi Cotsysn, had the second highest debt to assets ratio of 165.5 per cent, with net debt and total assets of Rs 3,333 crore and Rs 2,014 crore respectively, on a standalone basis.A senior company official, who did not wish to be named, told Financial Chronicle that the company’s net worth was eroded and it was a BIFR case under the Sick Industrial Companies Act. “We are trying to find the right type of investors, and at this stage, can not comment any further,” he states.What makes our top 10 list of debt-laden companies interesting is that there are two index companies in it.
Hotel Leela Venture and Suzlon Energy are constituents of the Nifty 500 index.Hotel Leela had the tenth largest debt to assetsratio of 84.9 per cent with a consolidated net debt size of Rs 4,213 crore against total assets of Rs 4,962 crore. It earned an operating profit of Rs 141 crore in FY16. Hotel Leela, however, declined to reply to our queries.The problem was less severe in Suzlon Energy although it had a higher debt to assets ratio of 105.4 per cent, with consolidated net debt of Rs 10,507 crore against total assets of Rs 9,967 crore. In FY16, the company earned an operating profit of Rs 2,098 crore.Suzlon Energy, through its spokesperson, did get back to us with an extensive reply saying that the increase in debt to asset ratio was primarily due to sale of assets affected by Suzlon to attain deleveraging.
Needless to say, the sale of Senvion is a landmark transaction for Suzlon that enabled it to attain significant deleveraging and re-entry into profit as reflected in our FY16 results,” it said.“Our credit rating was revised to investment grade (BBB-) and lenders extended additional working capital lines. Due to all these efforts, we have improved our operational performance, the volumes have ramped-up and we are finally, back in the black,” the company points out, triumphantly.It claimed its debt balance had a long and back-ended maturity profile, which could be met comfortably from operational cash flows.
Helped by the liquidity support it had to ramp up business and generate cash flows.Five companies on our list, REI Agro, Electrotherm, PSL, Moser Baer and Ramsarup, with the third, fourth, fifth, seventh and eighth highest debt to assetsratio, did not respond to our queries.Among them, PSL and REI Agro had suffered operating losses in FY16 to the tune of Rs 1,182 crore and Rs 925 crore respectively, making them highly stressed cases.Visa Steel, with the ninth highest debt to assets ratio of 86.1 per cent, earned a consolidated operating profit of Rs 5 crore in FY16. At the end of the year, its net debt was Rs 3,252 crore, against a total asset of Rs 3,776 crore.Replying to our queries extensively, Visa Steel’s vice chairman and managing director, Vishal Agarwal, says, “The company plans to reduce debt by raising funds through strategic and financial investors.
The company already has Baosteel, China as a strategic investor in the ferrous chrome business and SunCoke Energy, USA as strategic investor in the coke business. The company plans to induct a strategic investor in its special steel business for which it is in the process of transferring it into a wholly owned subsidiary.”Agarwal points to operating profit margins of steel companies getting adversely impacted due to various external factors, including failure of the commitment made by the respective state governments through MoU, to grant captive iron ore mining lease, de-allocation of coal block by the ministry of coal and various court orders pertaining to mining bans.
Adding fuel was the sharp fall in steel prices due to overcapacity in China, Agarwal said.Clearly, there are varied reasons behind the highest debt to assets ratio of the 10 companies on our list. But one thing is for sure; they, along with others following them in our analysis, will not find it easy to be able to get refinancing help or additional loans from the banks. Some of them might have to just sell off their assets like Visa Steel is doing.In a report on corporate India’s debt in May, State Bank of India’s chief economic adviser, Soumya Kanti Ghosh, stated, “Our estimates show that credit to stressed sectors, which grew at 5.9 per cent in FY15, decelerated to 2.6 per cent in FY16. We, however, believe credit growth is unlikely to revive materially in the near term as demand is still significantly a laggard in the system.”
The report stated that lenders were now aggressive to hive off non-core assets and diffuse the debt bloat. “We estimate that nearly Rs 2,00,000 crore of asset sales are in the pipeline or are already completed by debt-ridden companies with a debt exposure of around Rs 10,00,000 crore,” it noted.The current financial year, and the next few ones, will indeed be very challenging for the debt-stressed companies to bring down their debt levels and debt-to-assets ratios.Good moneyIn India, there are some companies, which occupy a place under the sun for the simple reason that they constitute a rarity in a world dominated by high debt stress. When we scanned our analysed universe of listed companies for cash rich companies, we came up with a short list.
On further filtering, we were left with even a shorter one.The system works like this. Companies seeing steady cash flows from sales and recording profitability consistently, end up piling up cash reserves year after year. While cash reserves are a sign of sound fundamentals, the trouble arises when it ends up dominating the assets side of corporate balance sheets.Investors sense things going out of control when dividends are low or missing altogether, and when inadequate attempts are made by the company management to tap into business expansion or potential acquisition opportunities.
Ambit Capital’s CEO-institutional equities Saurabh Mukherjea, believes a high cash level only indicates good financial health, but it is not necessarily a driver of good health. “Having large cash in its balance sheet is fine, but if a company is allocating capital poorly, then for the investors the return on capital employed is also going to be poor.”In our analysis (see methodology) of 1,380 listed companies, only one out of every five companies, or 268 firms to be precise, had positive net cash as of the end of financial year 2015-16 (FY16).Decent-sized net cash positions were even rarer — there are only 38 companies with net cash of Rs 750 crore and more.The 10 companies whose March-end cash-assets ratio, net cash (cash minus debt) as a percentage of total assets, were the highest, were Orissa Minerals Development Company (whose cash-assets ratio was 85.4 per cent), MOIL (76.5 per cent), Engineers India (62.9), Oswal Green Tech (61.0 per cent), GlaxoSmithkline Consumer Healthcare (60.3 per cent), Info Edge (India) (52.5 per cent), Abbott India (51.7 per cent), Oracle Financial Services Software (48.1 per cent), Glaxosmithkline Pharma (44.2 per cent) and Lakshmi Machine Works (44.1 per cent).It was a motley mix of sectors with two companies each from the metals and pharma sectors and one firm each from engineering consultancy, construction sector, fast moving consumer goods (FMCG), space, information technology (IT) and capital goods.
Topping our cash rich list are OMDC and MOIL, both public sector undertakings (PSUs) who are in the mining and metals sector. It is quite interesting for metal companies to have very high cash-assets ratio, given that the sector has undergone one of the toughest phases in the last couple of years.In our accompanying story on high debt companies, the other end of the spectrum had three metal companies in the top 10 list.Therefore, to understand how they have managed to stay cash-rich, Financial Chronicle contacted OMDC and MOIL, but they did not respond to our queries.At the end of March, OMDC’s standalone net cash was Rs 799 crore against its total assets size of Rs 936 crore, while MOIL had higher standalone net cash of Rs 2,850 crore against assets worth Rs 3,728 crore.OMDC’s financial statements give its key operating segments as iron ore, manganese ore and sponge iron, but all its operating revenues are categorised as unallocated.In FY16, its total income from operations was Rs 60 crore, down 20 per cent from 75 crore.
As per Capitaline database, OMDC’s operating profit fell by 25 per cent to Rs 26 crore in FY16, while its net profit (adjusted for extra-ordinary items, if any) fell by 40 per cent to Rs 11 crore. Thus, the topper in our cash rich list clearly demonstrated very weak operational performance.The case was similar with MOIL, the second in our top 10 list, with however, much higher revenue realisations. Capitaline data showed its standalone net sales in FY16 to have declined by 24 per cent to Rs 629 crore, while its operating profit and net profit slid by 54 per cent each to Rs 323 crore and Rs 194 crore, respectively.The third company at the top of our list was also a PSU — infrastructure consultancy company Engineers India. Its consolidated net cash was Rs 2,613 crore against its total assets of Rs 4,158 crore at the end of FY16.
Analysts say in the company’s core segment of engineering, procurement and construction projects, it outsources construction activity to third parties. It lacks its own assets like machinery, cranes and tools.In addition, Engineers India saw limited need and necessity for asset deployment. In FY16, the company clocked declines of 12 per cent, 15 per cent and 16 per cent in its consolidated net sales, operating profit and net profit to Rs 1,525 crore, Rs 425 crore and Rs 262 crore, respectively.Whether Engineers India’s strong cash reserves helped buffer the weakness in its line of business or not, was not immediately clear. We asked the company and a senior official did acknowledge our emailed queries, but was not able to respond adequately.Operational performance was not weak https://www.jinduhardware.com/product/heavy-hex-nut/asme-b18-2-2-heavy-hex-nut.html heavy hex nuts Suppliers for just the three companies on the top of our cash rich list.
It was seen to be quite poor in two other cases as well. Info Edge (India), a service industry company, which runs the popular job portal Naukri.com, had the sixth highest cash-assets ratio of 52.5 per cent at the end of FY16.But in that year, Capitaline data of its consolidated financials showed that it recorded an operating loss of Rs 370 crore against an operating profit of Rs 107 crore in the previous year. From a net profit of Rs 23 crore in FY15, it went to record a net loss of Rs 124 crore in FY16.Notably, however, Info Edge’s net sales increased sharply by 28 per cent to Rs 938 crore in FY16.
The company did not respond to our queries.Glaxosmithkline Pharma, one of the three companies in our top 10 list, which were also constituents in the Nifty 100 index, had the ninth-highest cash-assets ratio of 44.2 per cent. But, in FY16, its consolidated net sales declined by 16 per cent and its operating profit and net profit fell by 23 per cent and 27 per cent, respectively. Our queries to the company went unanswered.The other pharma company on our cash rich list was Abbott India (a small cap company) with sixth-highest cash-assets ratio of 51.7 per cent, which experienced a better FY16 as per its standalone financials.All the three key parameters of net sales, operating profit and net profit went up by 15 per cent, 16 per cent and 13 per cent, respectively. The company did not share its views in response to our queries.Oswal Green Tech, whose industry classification in Capitaline database -was “construction factories /offices/commercial,” had the fourth highest cash to assets ratio of 61.0 per cent.While the company did not reply to our queries, its consolidated financial data from Capitaline showed a five per cent fall in operating profit and a 18 per cent increase in net profit.
FMCG company GSK Consumer Healthcare and IT firm, Oracle Financial Services Software or OFSS, too did not share their perspectives on their respective cash-assets ratios of 60.3 per cent (fifth-highest) and 48.1 per cent (eight highest).GSK Consumer’s standalone operating profit and net profit grew by 17 per cent each in FY16, while OFSS saw its consolidated operating profit go up marginally by one per cent and net profit declined to a limited extent by one per cent in FY16.Lakshmi Machine Works (LMW) had the tenth highest cash to assets ratio of 44.1 per cent. Its chief financial officer, CB Chandrasekar, told Financial Chronicle that his company has been debt free since FY15 and that part of the cash balance included the customers’ security deposit, which got adjusted on delivery. “All capex requirements are met out of internal accruals.
The company has a consistent dividend payout policy,” he says.What was noteworthy was Chandrasekar’s confidence that liquidity in cash will enable his company reach faster business decisions in future. That may very well be true — at least for those companies with high cash-assets ratios.Companies which did not make it our top 10 list, but came close, included the second largest listed IT company in the country, Infosys, which had the 11th highest cash to assets ratio of 43.4 per cent in our analysis. Following it were Bharat Electronics, NM-DC, Whirlpool India and Pfizer with cash to assets ratios of 40.6 per cent, 40.0 per cent, 38.0 per cent and 35.1 per cent, respectively.(This story originally appeared on Financial Chronicle)
Bad moneyThe rout in commodities, severe slowdown in demand and global uncertainties, all made the last financial year 2015-16 more challenging than the previous FY15. The Reserve Bank of India’s new bad loans recognition and provisioning norms, stringent as never before, made banks wary of refinancing old corporate debt. The story is, by any chance, not new. Even before FY16 and FY15, in FY14 for instance, listed companies in India had to wade through a slow-moving global and domestic economy amidst high interest rates in the domestic banking and financial system.In retrospect, it becomes apparent that FY15 was the only time in the last five years where sentiments of Indian companies had risen somewhat on the back of expected boost in the domestic economy. But it is not very often that one sees this august club get wise to risks in the system and not get carried away by unsubstantiated euphoric statements. As a result, the unserviceable part of piled up debt kept rising.
It sort of exploded in FY16, thanks partly to the RBI’s new disclosure norms for banks on bad loans in the banking system.Whether more or less, one cannot be sure, but a part of the rising debt levels were not creating new assets and were instead getting used to service or refinance old debt. So, when we scanned the debt levels of listed companies (see methodology), excluding banks and finance companies as of the end of FY16, we found no dearth of them.Four out of five companies, or about 80 per cent of the industry under survey, were net debt positive. In 2013 and 2014, when Financial Chronicle had carried out a similar analysis, about 75 per cent of companies were seen to be net debt positive in each of the two years. More companies, therefore, appear to be facing the risks of falling into a debt trap.After further filtration (see methodology) there were 179 companies whose net debt to total assets ratios were analysed. Collectively, these 179 companies’ net debt amounted to Rs 23,12,500 crore, which was 36 per cent of their total assets size.More than one-third of assets, in the form of net debt, indicated a higher leverage level.
In our accompanying story, the aggregate net cash to total assets was 21 per cent. So, among the major high debt and cash rich companies, the former was much ahead in terms of intensity levels.Debt borrowings are ideal for building long-term capital assets or for short-term working capital needs, in order to drive growth in earnings.
The debt to assets ratio helps gauge the scale and effective utilisation of borrowed funds by a company.When this ratio is very high, it means effective utilisation is not happening, leaving the company more susceptible to external shocks such as sectoral slowdown and internal anaemia.In our analysis, the 10 companies whose total debt, as a proportion of their total assets was the highest, include – Hanung Toys & Textiles (365.8 per cent), Shri Lakshmi Cotsyn (165.5 per cent), REI Agro (136.7 per cent), Electrotherm (India) (134.5 per cent), SL (127.4 per cent), Suzlon Energy (105.4 per cent), Moser Baer (India) (97.8 per cent), Ramsarup Industries (91.9 per cent), Visa Steel (86.1 per cent) and Hotel Leela Venture (84.9 per cent).
Three metals sector companies — PSL, Ramsarup and Visa — followed by two textiles sector companies, Hanung and Lakshmi Cotsysn, dominated the list. REI Agro was into food processing, while Electrotherm and Suzlon belong to the engineering and power sectors respectively. Moser Baer is into IT hardware and Hotel Leela, as the name itself suggests, comes from the hospitality industry.
The top 10 companies in our September 2014 list, the same analysis done in Financial Chronicle’s weekend edition, had debt to assetsratio ranging from 94.4 per cent to 154.9 per cent.This time, the range is from 84.9 per cent to 365.8 per cent, indicating a stretch at both the ends. Two years ago, seven of the 10 toppers had debt to assets ratio exceeding 100 per cent. This year, it is a tad better at six companies.Hanung Toys and Textiles, with the highest debt to assetsratio of 365.8 per cent and primarily into import and export of textile products, had a standalone net debt of Rs 2,853 crore against an asset size of Rs 780 crore. Given that it incurred an operating loss of Rs 627 crore in FY16, the company seems to be perched precariously.Hanung did not respond to our e-mailed queries and its official phone lines were unreachable.
Another textile sector company, Shri Lakshmi Cotsysn, had the second highest debt to assets ratio of 165.5 per cent, with net debt and total assets of Rs 3,333 crore and Rs 2,014 crore respectively, on a standalone basis.A senior company official, who did not wish to be named, told Financial Chronicle that the company’s net worth was eroded and it was a BIFR case under the Sick Industrial Companies Act. “We are trying to find the right type of investors, and at this stage, can not comment any further,” he states.What makes our top 10 list of debt-laden companies interesting is that there are two index companies in it.
Hotel Leela Venture and Suzlon Energy are constituents of the Nifty 500 index.Hotel Leela had the tenth largest debt to assetsratio of 84.9 per cent with a consolidated net debt size of Rs 4,213 crore against total assets of Rs 4,962 crore. It earned an operating profit of Rs 141 crore in FY16. Hotel Leela, however, declined to reply to our queries.The problem was less severe in Suzlon Energy although it had a higher debt to assets ratio of 105.4 per cent, with consolidated net debt of Rs 10,507 crore against total assets of Rs 9,967 crore. In FY16, the company earned an operating profit of Rs 2,098 crore.Suzlon Energy, through its spokesperson, did get back to us with an extensive reply saying that the increase in debt to asset ratio was primarily due to sale of assets affected by Suzlon to attain deleveraging.
Needless to say, the sale of Senvion is a landmark transaction for Suzlon that enabled it to attain significant deleveraging and re-entry into profit as reflected in our FY16 results,” it said.“Our credit rating was revised to investment grade (BBB-) and lenders extended additional working capital lines. Due to all these efforts, we have improved our operational performance, the volumes have ramped-up and we are finally, back in the black,” the company points out, triumphantly.It claimed its debt balance had a long and back-ended maturity profile, which could be met comfortably from operational cash flows.
Helped by the liquidity support it had to ramp up business and generate cash flows.Five companies on our list, REI Agro, Electrotherm, PSL, Moser Baer and Ramsarup, with the third, fourth, fifth, seventh and eighth highest debt to assetsratio, did not respond to our queries.Among them, PSL and REI Agro had suffered operating losses in FY16 to the tune of Rs 1,182 crore and Rs 925 crore respectively, making them highly stressed cases.Visa Steel, with the ninth highest debt to assets ratio of 86.1 per cent, earned a consolidated operating profit of Rs 5 crore in FY16. At the end of the year, its net debt was Rs 3,252 crore, against a total asset of Rs 3,776 crore.Replying to our queries extensively, Visa Steel’s vice chairman and managing director, Vishal Agarwal, says, “The company plans to reduce debt by raising funds through strategic and financial investors.
The company already has Baosteel, China as a strategic investor in the ferrous chrome business and SunCoke Energy, USA as strategic investor in the coke business. The company plans to induct a strategic investor in its special steel business for which it is in the process of transferring it into a wholly owned subsidiary.”Agarwal points to operating profit margins of steel companies getting adversely impacted due to various external factors, including failure of the commitment made by the respective state governments through MoU, to grant captive iron ore mining lease, de-allocation of coal block by the ministry of coal and various court orders pertaining to mining bans.
Adding fuel was the sharp fall in steel prices due to overcapacity in China, Agarwal said.Clearly, there are varied reasons behind the highest debt to assets ratio of the 10 companies on our list. But one thing is for sure; they, along with others following them in our analysis, will not find it easy to be able to get refinancing help or additional loans from the banks. Some of them might have to just sell off their assets like Visa Steel is doing.In a report on corporate India’s debt in May, State Bank of India’s chief economic adviser, Soumya Kanti Ghosh, stated, “Our estimates show that credit to stressed sectors, which grew at 5.9 per cent in FY15, decelerated to 2.6 per cent in FY16. We, however, believe credit growth is unlikely to revive materially in the near term as demand is still significantly a laggard in the system.”
The report stated that lenders were now aggressive to hive off non-core assets and diffuse the debt bloat. “We estimate that nearly Rs 2,00,000 crore of asset sales are in the pipeline or are already completed by debt-ridden companies with a debt exposure of around Rs 10,00,000 crore,” it noted.The current financial year, and the next few ones, will indeed be very challenging for the debt-stressed companies to bring down their debt levels and debt-to-assets ratios.Good moneyIn India, there are some companies, which occupy a place under the sun for the simple reason that they constitute a rarity in a world dominated by high debt stress. When we scanned our analysed universe of listed companies for cash rich companies, we came up with a short list.
On further filtering, we were left with even a shorter one.The system works like this. Companies seeing steady cash flows from sales and recording profitability consistently, end up piling up cash reserves year after year. While cash reserves are a sign of sound fundamentals, the trouble arises when it ends up dominating the assets side of corporate balance sheets.Investors sense things going out of control when dividends are low or missing altogether, and when inadequate attempts are made by the company management to tap into business expansion or potential acquisition opportunities.
Ambit Capital’s CEO-institutional equities Saurabh Mukherjea, believes a high cash level only indicates good financial health, but it is not necessarily a driver of good health. “Having large cash in its balance sheet is fine, but if a company is allocating capital poorly, then for the investors the return on capital employed is also going to be poor.”In our analysis (see methodology) of 1,380 listed companies, only one out of every five companies, or 268 firms to be precise, had positive net cash as of the end of financial year 2015-16 (FY16).Decent-sized net cash positions were even rarer — there are only 38 companies with net cash of Rs 750 crore and more.The 10 companies whose March-end cash-assets ratio, net cash (cash minus debt) as a percentage of total assets, were the highest, were Orissa Minerals Development Company (whose cash-assets ratio was 85.4 per cent), MOIL (76.5 per cent), Engineers India (62.9), Oswal Green Tech (61.0 per cent), GlaxoSmithkline Consumer Healthcare (60.3 per cent), Info Edge (India) (52.5 per cent), Abbott India (51.7 per cent), Oracle Financial Services Software (48.1 per cent), Glaxosmithkline Pharma (44.2 per cent) and Lakshmi Machine Works (44.1 per cent).It was a motley mix of sectors with two companies each from the metals and pharma sectors and one firm each from engineering consultancy, construction sector, fast moving consumer goods (FMCG), space, information technology (IT) and capital goods.
Topping our cash rich list are OMDC and MOIL, both public sector undertakings (PSUs) who are in the mining and metals sector. It is quite interesting for metal companies to have very high cash-assets ratio, given that the sector has undergone one of the toughest phases in the last couple of years.In our accompanying story on high debt companies, the other end of the spectrum had three metal companies in the top 10 list.Therefore, to understand how they have managed to stay cash-rich, Financial Chronicle contacted OMDC and MOIL, but they did not respond to our queries.At the end of March, OMDC’s standalone net cash was Rs 799 crore against its total assets size of Rs 936 crore, while MOIL had higher standalone net cash of Rs 2,850 crore against assets worth Rs 3,728 crore.OMDC’s financial statements give its key operating segments as iron ore, manganese ore and sponge iron, but all its operating revenues are categorised as unallocated.In FY16, its total income from operations was Rs 60 crore, down 20 per cent from 75 crore.
As per Capitaline database, OMDC’s operating profit fell by 25 per cent to Rs 26 crore in FY16, while its net profit (adjusted for extra-ordinary items, if any) fell by 40 per cent to Rs 11 crore. Thus, the topper in our cash rich list clearly demonstrated very weak operational performance.The case was similar with MOIL, the second in our top 10 list, with however, much higher revenue realisations. Capitaline data showed its standalone net sales in FY16 to have declined by 24 per cent to Rs 629 crore, while its operating profit and net profit slid by 54 per cent each to Rs 323 crore and Rs 194 crore, respectively.The third company at the top of our list was also a PSU — infrastructure consultancy company Engineers India. Its consolidated net cash was Rs 2,613 crore against its total assets of Rs 4,158 crore at the end of FY16.
Analysts say in the company’s core segment of engineering, procurement and construction projects, it outsources construction activity to third parties. It lacks its own assets like machinery, cranes and tools.In addition, Engineers India saw limited need and necessity for asset deployment. In FY16, the company clocked declines of 12 per cent, 15 per cent and 16 per cent in its consolidated net sales, operating profit and net profit to Rs 1,525 crore, Rs 425 crore and Rs 262 crore, respectively.Whether Engineers India’s strong cash reserves helped buffer the weakness in its line of business or not, was not immediately clear. We asked the company and a senior official did acknowledge our emailed queries, but was not able to respond adequately.Operational performance was not weak https://www.jinduhardware.com/product/heavy-hex-nut/asme-b18-2-2-heavy-hex-nut.html heavy hex nuts Suppliers for just the three companies on the top of our cash rich list.
It was seen to be quite poor in two other cases as well. Info Edge (India), a service industry company, which runs the popular job portal Naukri.com, had the sixth highest cash-assets ratio of 52.5 per cent at the end of FY16.But in that year, Capitaline data of its consolidated financials showed that it recorded an operating loss of Rs 370 crore against an operating profit of Rs 107 crore in the previous year. From a net profit of Rs 23 crore in FY15, it went to record a net loss of Rs 124 crore in FY16.Notably, however, Info Edge’s net sales increased sharply by 28 per cent to Rs 938 crore in FY16.
The company did not respond to our queries.Glaxosmithkline Pharma, one of the three companies in our top 10 list, which were also constituents in the Nifty 100 index, had the ninth-highest cash-assets ratio of 44.2 per cent. But, in FY16, its consolidated net sales declined by 16 per cent and its operating profit and net profit fell by 23 per cent and 27 per cent, respectively. Our queries to the company went unanswered.The other pharma company on our cash rich list was Abbott India (a small cap company) with sixth-highest cash-assets ratio of 51.7 per cent, which experienced a better FY16 as per its standalone financials.All the three key parameters of net sales, operating profit and net profit went up by 15 per cent, 16 per cent and 13 per cent, respectively. The company did not share its views in response to our queries.Oswal Green Tech, whose industry classification in Capitaline database -was “construction factories /offices/commercial,” had the fourth highest cash to assets ratio of 61.0 per cent.While the company did not reply to our queries, its consolidated financial data from Capitaline showed a five per cent fall in operating profit and a 18 per cent increase in net profit.
FMCG company GSK Consumer Healthcare and IT firm, Oracle Financial Services Software or OFSS, too did not share their perspectives on their respective cash-assets ratios of 60.3 per cent (fifth-highest) and 48.1 per cent (eight highest).GSK Consumer’s standalone operating profit and net profit grew by 17 per cent each in FY16, while OFSS saw its consolidated operating profit go up marginally by one per cent and net profit declined to a limited extent by one per cent in FY16.Lakshmi Machine Works (LMW) had the tenth highest cash to assets ratio of 44.1 per cent. Its chief financial officer, CB Chandrasekar, told Financial Chronicle that his company has been debt free since FY15 and that part of the cash balance included the customers’ security deposit, which got adjusted on delivery. “All capex requirements are met out of internal accruals.
The company has a consistent dividend payout policy,” he says.What was noteworthy was Chandrasekar’s confidence that liquidity in cash will enable his company reach faster business decisions in future. That may very well be true — at least for those companies with high cash-assets ratios.Companies which did not make it our top 10 list, but came close, included the second largest listed IT company in the country, Infosys, which had the 11th highest cash to assets ratio of 43.4 per cent in our analysis. Following it were Bharat Electronics, NM-DC, Whirlpool India and Pfizer with cash to assets ratios of 40.6 per cent, 40.0 per cent, 38.0 per cent and 35.1 per cent, respectively.(This story originally appeared on Financial Chronicle)
Delhi Metro Rail Corporation has said that it is possible to quantify reduction in coal and fossil fuels while providing world-class mass transit services. Delhi Metro Rail Corporation has said that it is possible to quantify reduction in coal and fossil fuels while providing world-class mass transit services. The corporation, in a presentation at World Climate Change Conference 2015, Paris, submitted that the Delhi Metro helps to remove more carbon from the atmosphere than it contributes, making it a completely carbon neutral system.
The DMRC is only public transit service getting carbon credits for its regenerative braking and “modal shift projects,” the firm said.DMRC spokesperson Anuj Dayal also said that carbon finance could be generated by the https://www.jinduhardware.com China metric nut Manufacturers revenue earned from the sale of carbon credits from its two GHG mitigation projects which are the very first of their kind in the world for the transport sector.“DMRC has been able to effectively demonstrate the enormous socio-economic co-benefits of a mass rapid transit system,” he said.
The DMRC is only public transit service getting carbon credits for its regenerative braking and “modal shift projects,” the firm said.DMRC spokesperson Anuj Dayal also said that carbon finance could be generated by the https://www.jinduhardware.com China metric nut Manufacturers revenue earned from the sale of carbon credits from its two GHG mitigation projects which are the very first of their kind in the world for the transport sector.“DMRC has been able to effectively demonstrate the enormous socio-economic co-benefits of a mass rapid transit system,” he said.
Explain to them the reasons you chose to go vegan and the benefits associated with it, said The Guardian.Should you try a plant-based diet at first?If you have been a meat-eater your whole life, suddenly turning completely vegan will be very difficult.How do I deal with negative responses from meat-loving family and friends?Kill them with kindness! If they taunt you about your dietary preferences, tell them to try out some vegetarian/vegan recipes before they say anything more. How do I make a plant-based diet affordable?Veganism is perceived as a dietary preference that is very niche as the suitable food is not easily available. Buy from local stores and markets to get fresh produce instead of buying stuff marked ‘vegan’ in supermarkets.
This way, you convey your point in a non-aggressive way and they also get to taste different types of food; so it’s a win-win situation. Here we answer some of your most frequently asked questions. If nothing works, use humour to deflect the topic if it ever comes up in conversations. Thus, it is thought that vegan food is expensive. Your hunger will not get satisfied, your body will suddenly feel the deficiency of nutrients and moreover, you will not like vegan food.Here is some helpful tips for those thinking of going vegan. Start with baby steps like replacing yoghurt, mayonnaise and milk in your diet with vegan alternatives.
Many people are not aware of the various sources that protein can be obtained from; they assume that eggs and meat are the primary sources of protein. They can be easily incorporated in your diet and doesn’t have to be eaten as rabbit food.
It is possible to get all the required nutrients for growth and development of children from a plant-based diet. Eat more vegetables and lentils and slowly reduce meat consumption day by day.Vegan diet can be followed by children of all ages, including infants. https://www.jinduhardware.com/product/hex-nut/ 10mm hex nuts Manufacturers Some paediatric doctors may prescribe some fortified supplements and vitamins to be taken additionally but it is a completely safe option for children.
Substitute it with enough protein so you don’t feel hungry.Beans, lentils, soy, peanuts, cashews, pulses, seeds and nuts are all plant-based and vegan options which have good protein levels. Going vegan can be daunting undertaking as it is difficult to give up meat, eggs and dairy all at once. Vegan food is basically vegetables, fruits and lentils, which essentially cheaper than meats and dairy.Start off by slowly converting to a plant based diet.Veganism seems expensive. They are usually lab-manufactured foods which are expensive.Vegan diet has been a much-debated about topic.Vegan food is basically vegetables, fruits and lentils, which essentially cheaper than meats and dairy.
How do I make sure I am getting enough protein?Protein deficiency is a very rare problem in the western world, even for vegans.What about children? Is veganism safe for them?Vegan is safe for children to follow, unlike what most people say. But this is far from the truth.If that method doesn’t work, try and understand why they are being negative about it.
Veganism is soon becoming a popular dietary choice after people are learning about its ethical and environmental advantages. Stick to your basics of veggies, nuts and beans; you will not only save money but have a healthy diet too. Sprinkle some pine nuts over your pasta, spread some peanut butter on your bread or have a bowl of dal with your regular meal and you get your daily dose of protein.
This way, you convey your point in a non-aggressive way and they also get to taste different types of food; so it’s a win-win situation. Here we answer some of your most frequently asked questions. If nothing works, use humour to deflect the topic if it ever comes up in conversations. Thus, it is thought that vegan food is expensive. Your hunger will not get satisfied, your body will suddenly feel the deficiency of nutrients and moreover, you will not like vegan food.Here is some helpful tips for those thinking of going vegan. Start with baby steps like replacing yoghurt, mayonnaise and milk in your diet with vegan alternatives.
Many people are not aware of the various sources that protein can be obtained from; they assume that eggs and meat are the primary sources of protein. They can be easily incorporated in your diet and doesn’t have to be eaten as rabbit food.
It is possible to get all the required nutrients for growth and development of children from a plant-based diet. Eat more vegetables and lentils and slowly reduce meat consumption day by day.Vegan diet can be followed by children of all ages, including infants. https://www.jinduhardware.com/product/hex-nut/ 10mm hex nuts Manufacturers Some paediatric doctors may prescribe some fortified supplements and vitamins to be taken additionally but it is a completely safe option for children.
Substitute it with enough protein so you don’t feel hungry.Beans, lentils, soy, peanuts, cashews, pulses, seeds and nuts are all plant-based and vegan options which have good protein levels. Going vegan can be daunting undertaking as it is difficult to give up meat, eggs and dairy all at once. Vegan food is basically vegetables, fruits and lentils, which essentially cheaper than meats and dairy.Start off by slowly converting to a plant based diet.Veganism seems expensive. They are usually lab-manufactured foods which are expensive.Vegan diet has been a much-debated about topic.Vegan food is basically vegetables, fruits and lentils, which essentially cheaper than meats and dairy.
How do I make sure I am getting enough protein?Protein deficiency is a very rare problem in the western world, even for vegans.What about children? Is veganism safe for them?Vegan is safe for children to follow, unlike what most people say. But this is far from the truth.If that method doesn’t work, try and understand why they are being negative about it.
Veganism is soon becoming a popular dietary choice after people are learning about its ethical and environmental advantages. Stick to your basics of veggies, nuts and beans; you will not only save money but have a healthy diet too. Sprinkle some pine nuts over your pasta, spread some peanut butter on your bread or have a bowl of dal with your regular meal and you get your daily dose of protein.
Peel and cut into medium sized dices. Food connoisseur Rajkumari Alka Rani Singh, who hails from Pratapgarh taluqadari in Awadh and got married in Marwatiya, zamindari estate, Uttar Pradesh takes us through https://www.jinduhardware.com/product/hex-nut/ 10mm hex nuts Manufacturers a royal culinary trail, where she discusses the fine balance of spices and condiments that can make or break a dish, the art of serving paan, hookah traditions and more.
It is an art to attain the perfect combination of a handful of spices. There were special cooking utensils like a cooking pot with silver lining for adding tadka to a special Asharfi dal, huge degchis for making pulao, etc. During my childhood, there’d be no less than 4-5 dishes and a dessert served during lunch or dinner. Grind the garlic and red chillies, make a paste and keep aside. They often used to indulge in hookah sessions over long conversations pertaining to states or important family matters.Roast and grind sesame seeds and sprinkle on top of the gravy.
In a kadhai, add the chilli garlic paste and the remaining ingredients along with very little water.Marriage of spicesSpices and condiments play an integral part in Awadhi cuisine.. It was a tedious process that involved not only careful selection of ingredients like silver or flavoured elaichi, etc.” Storing and serving paan was also done with special care.
He loved supervising the kitchens of our household. No masala should be so prominent in a dish that it totally ruins it. Food was mostly served in kanse or tambe ki thali or silver plates depending on the tastes and standards of different households,” says Alka Rani, who is highly inspired by her father Late Raja Abhai Pratap Singh, an experimental cook himself. “Ladies from royal families were taught how to prepare and serve paan.”She adds, “Qivaan was another elaborate and one of the most expensive processes of preparing chewing tobacco.
The betel nuts were also boiled in milk to soften them.Add the curd with a little water. Garnish with coriander. “Ladies from royal families were taught how to smoke hookah, and because it became fashionable to smoke them, all forms of adaptations emerged — they used to be made with intricate silver work, bidri work (silver on metal), Ganga Jamuni (silver with gold coverings) or even terracotta hookahs were popular among the lower class,” she shares. Whisk curd with a fork and keep aside.Add fried bhindi to the cooked masala and mix well.Lehasuni BhindiIngredientsBhindi, 500 gmGarlic, peeled, 40 gmDry red chilli, 6 White vinegar, 2 tbspSalt to tase Sugar, tspOil for frying Water as requiredCoriander for garnishMethodWash bhindi and cut into inch pieces and fry in a kadhai. This secret dish is prepared using the galawat (marination) technique of cooking,” she shares. Add potatoes and cook for five to seven minutes. Culinary heritage “Both my mom and dad took keen interest in food, and I have grown up hearing elaborate stories of food in our family.
Cook on slow fire for five minutes. Cooking used to be an elaborate affair in the earlier days. Add garlic, ginger and green chillies. but also included neatly cutting the wedges of betel nuts or supari. In the earlier days, there used to be varieties of special paan boxes called nagardan, aramdan, husndan that varied in their designs and compartments,” reminisces Alka Rani. Preparing paan was an elaborate affair and even making kattha and chuna invol-ved multiple steps. Garnish with coriander leaves and serve hot. Add salt, turmeric powder and hing. “It is an elaborate dish made using minced mutton mixed with at least 12-13 aromatic spices that are added to perfection.
At times, he would experiment with dishes like chicken soaked in wine or beer and gradually it became the patent dish of our family, and everytime guests would come, they would be served these dishes,” she recalls. The tobacco leaves and stalks were boiled thoroughly until reduced to a paste, and then exotic ingredients like musk, rose water and other perfumes were added for fragrance and a distinct royal touch. But there’s more to explore beyond this, and discover the not-so-known traditions and methods of cooking and presentation that were refined to a fine art in the regal kitchens of erstwhile Lucknowi nawabs.
FOOD -4. Cook on low flame for 10 minutes. The nuts used to be soaked in rose water or saffron, so that they didn’t cut into one’s cheeks. Stir well.When one hears of Awadhi cuisine, it instantly conjures up images of handi biryani and melt in the mouth kebabs.Chaman AlooIngredientsPotatoes, medium sized, 6Curd, cupGinger, chopped, inchGarlic, peeled and chopped, 3 tbsp Green chillies, sliced lengthwise, 4Cumin seeds, 1 tspTurmeric powder, 1 tspHing, tspRed chilli powder, tspWhite sesame seeds, 2 tbspSalt to taseCooking oilMethodBoil the potatoes.Paan serving as an artChewing tobacco or eating paan was considered a part of aristocratic culture. In Alka Rani’s family, it was kachche keeme ka kebab. Just a drop of this morsel acted as a mouth freshner.Hookah cultureHookahs in all shapes, forms and beautiful designs originated during the reign of nawabs in Lucknow.Heat oil in a kadhai and add red chilli powder and cumin seeds.
A perfect Awadhi dish is that which has a very balanced palette, and to achieve that one can put the spices in a muslin cloth or a potli to evenly infuse the flavours,” says Alka Rani. “A traditional paandaan had divisions for lime, kattha, elaichi and kati supari or dali.All royal families had closely guarded culinary secrets of their kitchens.jpg When one hears of Awadhi cuisine, it instantly conjures up images of handi biryani and melt in the mouth kebabs
It is an art to attain the perfect combination of a handful of spices. There were special cooking utensils like a cooking pot with silver lining for adding tadka to a special Asharfi dal, huge degchis for making pulao, etc. During my childhood, there’d be no less than 4-5 dishes and a dessert served during lunch or dinner. Grind the garlic and red chillies, make a paste and keep aside. They often used to indulge in hookah sessions over long conversations pertaining to states or important family matters.Roast and grind sesame seeds and sprinkle on top of the gravy.
In a kadhai, add the chilli garlic paste and the remaining ingredients along with very little water.Marriage of spicesSpices and condiments play an integral part in Awadhi cuisine.. It was a tedious process that involved not only careful selection of ingredients like silver or flavoured elaichi, etc.” Storing and serving paan was also done with special care.
He loved supervising the kitchens of our household. No masala should be so prominent in a dish that it totally ruins it. Food was mostly served in kanse or tambe ki thali or silver plates depending on the tastes and standards of different households,” says Alka Rani, who is highly inspired by her father Late Raja Abhai Pratap Singh, an experimental cook himself. “Ladies from royal families were taught how to prepare and serve paan.”She adds, “Qivaan was another elaborate and one of the most expensive processes of preparing chewing tobacco.
The betel nuts were also boiled in milk to soften them.Add the curd with a little water. Garnish with coriander. “Ladies from royal families were taught how to smoke hookah, and because it became fashionable to smoke them, all forms of adaptations emerged — they used to be made with intricate silver work, bidri work (silver on metal), Ganga Jamuni (silver with gold coverings) or even terracotta hookahs were popular among the lower class,” she shares. Whisk curd with a fork and keep aside.Add fried bhindi to the cooked masala and mix well.Lehasuni BhindiIngredientsBhindi, 500 gmGarlic, peeled, 40 gmDry red chilli, 6 White vinegar, 2 tbspSalt to tase Sugar, tspOil for frying Water as requiredCoriander for garnishMethodWash bhindi and cut into inch pieces and fry in a kadhai. This secret dish is prepared using the galawat (marination) technique of cooking,” she shares. Add potatoes and cook for five to seven minutes. Culinary heritage “Both my mom and dad took keen interest in food, and I have grown up hearing elaborate stories of food in our family.
Cook on slow fire for five minutes. Cooking used to be an elaborate affair in the earlier days. Add garlic, ginger and green chillies. but also included neatly cutting the wedges of betel nuts or supari. In the earlier days, there used to be varieties of special paan boxes called nagardan, aramdan, husndan that varied in their designs and compartments,” reminisces Alka Rani. Preparing paan was an elaborate affair and even making kattha and chuna invol-ved multiple steps. Garnish with coriander leaves and serve hot. Add salt, turmeric powder and hing. “It is an elaborate dish made using minced mutton mixed with at least 12-13 aromatic spices that are added to perfection.
At times, he would experiment with dishes like chicken soaked in wine or beer and gradually it became the patent dish of our family, and everytime guests would come, they would be served these dishes,” she recalls. The tobacco leaves and stalks were boiled thoroughly until reduced to a paste, and then exotic ingredients like musk, rose water and other perfumes were added for fragrance and a distinct royal touch. But there’s more to explore beyond this, and discover the not-so-known traditions and methods of cooking and presentation that were refined to a fine art in the regal kitchens of erstwhile Lucknowi nawabs.
FOOD -4. Cook on low flame for 10 minutes. The nuts used to be soaked in rose water or saffron, so that they didn’t cut into one’s cheeks. Stir well.When one hears of Awadhi cuisine, it instantly conjures up images of handi biryani and melt in the mouth kebabs.Chaman AlooIngredientsPotatoes, medium sized, 6Curd, cupGinger, chopped, inchGarlic, peeled and chopped, 3 tbsp Green chillies, sliced lengthwise, 4Cumin seeds, 1 tspTurmeric powder, 1 tspHing, tspRed chilli powder, tspWhite sesame seeds, 2 tbspSalt to taseCooking oilMethodBoil the potatoes.Paan serving as an artChewing tobacco or eating paan was considered a part of aristocratic culture. In Alka Rani’s family, it was kachche keeme ka kebab. Just a drop of this morsel acted as a mouth freshner.Hookah cultureHookahs in all shapes, forms and beautiful designs originated during the reign of nawabs in Lucknow.Heat oil in a kadhai and add red chilli powder and cumin seeds.
A perfect Awadhi dish is that which has a very balanced palette, and to achieve that one can put the spices in a muslin cloth or a potli to evenly infuse the flavours,” says Alka Rani. “A traditional paandaan had divisions for lime, kattha, elaichi and kati supari or dali.All royal families had closely guarded culinary secrets of their kitchens.jpg When one hears of Awadhi cuisine, it instantly conjures up images of handi biryani and melt in the mouth kebabs
Their key advance was to create a conductive hybrid fiber incorporating carbon and amidoxime. First she tested how much uranyl each type of fiber could hold before reaching saturation. Researchers from Stanford University in the US improved on all three variables: capacity, rate and reuse. Researchers have long known that uranium dissolved in seawater combines chemically with oxygen to form uranyl ions with a positive charge. The uranyl ions essentially stick to the amidoxime.Extracting these uranyl ions involves dipping plastic fibers containing a compound called amidoxime into seawater.Researchers from Stanford University in the US improved on all three variables: capacity, rate and reuse.
The electrified fibre captured three times as much uranyl during an 11-hour test using seawater from Half Moon Bay, about an hour from Stanford and had three times the useful lifespan of the standard amidoxime.How practical this approach is depends on three main variables https://www.jinduhardware.com/product/hex-nut/ how much uranyl sticks to the fibres, how quickly ions can be captured and how many times the fibers can be reused.
Postdoctoral scholar Chong Liu oversaw the lab tests that compared Stanford&hexagonal nut Suppliers39;s amidoxime-carbon hybrid fibers with today’s amidoxime fibres.Trace amounts of uranium exists in seawater, but efforts to extract that critical ingredient for nuclear power have produced insufficient quantities to make it a viable source for those countries that lack uranium mines."But the oceans are so vast that if we can extract these trace amounts cost effectively, the supply would be endless," said Cui. A practical method for extracting that uranium, which produces higher quantities in less time, could help make nuclear power a viable part of the quest for a carbon-free energy future.In these tests she found that by the time the standard amidoxime fibre had become saturated, Stanford’s amidoxime-carbon hybrid fibres had already adsorbed nine times as much uranyl and were still not saturated.
Scientists are developing a new way of extracting uranium from seawater, an advance that may help countries that lack resources to harness nuclear power from the oceans.Researchers believe that a practical way to extract uranium from seawater is needed to reduce the energy insecurity of nations that depend on nuclear power but lack uranium within their own borders. Their key advance was to create a conductive hybrid fiber incorporating carbon and amidoxime. By sending pulses of electricity down the fiber, they altered the properties of the hybrid fibre so that more uranyl ions could be collected. By sending pulses of electricity down the fiber, they altered the properties of the hybrid fibre so that more uranyl ions could be collected..How practical this approach is depends on three main variables - how much uranyl sticks to the fibres.
Concentrations are tiny, on the order of a single grain of salt dissolved in a litre of water," said Yi Cui, a materials scientist at Stanford University in the US. When the strands become saturated, the plastic is chemically treated to free the uranyl, which then has to be refined for use in reactors just like ore from a mine
The electrified fibre captured three times as much uranyl during an 11-hour test using seawater from Half Moon Bay, about an hour from Stanford and had three times the useful lifespan of the standard amidoxime.How practical this approach is depends on three main variables https://www.jinduhardware.com/product/hex-nut/ how much uranyl sticks to the fibres, how quickly ions can be captured and how many times the fibers can be reused.
Postdoctoral scholar Chong Liu oversaw the lab tests that compared Stanford&hexagonal nut Suppliers39;s amidoxime-carbon hybrid fibers with today’s amidoxime fibres.Trace amounts of uranium exists in seawater, but efforts to extract that critical ingredient for nuclear power have produced insufficient quantities to make it a viable source for those countries that lack uranium mines."But the oceans are so vast that if we can extract these trace amounts cost effectively, the supply would be endless," said Cui. A practical method for extracting that uranium, which produces higher quantities in less time, could help make nuclear power a viable part of the quest for a carbon-free energy future.In these tests she found that by the time the standard amidoxime fibre had become saturated, Stanford’s amidoxime-carbon hybrid fibres had already adsorbed nine times as much uranyl and were still not saturated.
Scientists are developing a new way of extracting uranium from seawater, an advance that may help countries that lack resources to harness nuclear power from the oceans.Researchers believe that a practical way to extract uranium from seawater is needed to reduce the energy insecurity of nations that depend on nuclear power but lack uranium within their own borders. Their key advance was to create a conductive hybrid fiber incorporating carbon and amidoxime. By sending pulses of electricity down the fiber, they altered the properties of the hybrid fibre so that more uranyl ions could be collected. By sending pulses of electricity down the fiber, they altered the properties of the hybrid fibre so that more uranyl ions could be collected..How practical this approach is depends on three main variables - how much uranyl sticks to the fibres.
Concentrations are tiny, on the order of a single grain of salt dissolved in a litre of water," said Yi Cui, a materials scientist at Stanford University in the US. When the strands become saturated, the plastic is chemically treated to free the uranyl, which then has to be refined for use in reactors just like ore from a mine
In an affidavit filed before the National Company Law Appellate Tribunal (NCLAT) last week, its resolution professional has informed that the company earned Rs 4,000 crore from its operations between August 2017 and February 2019.The operational creditors of Essar Steel are not satisfied with the CoC over the distribution of Rs 42,000 crore coming from the resolution plan by global steel major ArcelorMittal.The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal.
The CoC of Essar Steel has divided operational creditors of the company into two categories -- one with claims under Rs 1 crore and another above Rs 1 crore.Later, the National Company Law Tribunal had also approved the ArcelorMittal&China wholesale metric nut39;s resolution plan, however, it had asked the CoC to look into the issues of distribution of money to the operational creditors of the company.The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal..Moreover, this amount "excludes Rs 734 crore EBITDA utilised for Finance Costs (Financial Lease, LC/BG Charges to banks and finance charges on payables to suppliers etc) for maintaining the Corporate Debtor (Essar Steel) as a going concern," the affidavit said.The affidavit was filed following the directions of the appellate tribunal, which - on May 7, 2019 - directed the RP of Essar Steel to submit the details of earnings from operations of the company during the corporate insolvency period. In addition, the RP also mentioned an earning of Rs 229 crore for March this year.On May 16, the CoC had informed the NCLAT that out of Rs 42,000 crore coming from the resolution plan of ArcelorMittal, Rs 2,500 crore has been marked as the working capital of the debt-laden firm.
The affidavit, however, said that ’figures from April 1, 2019 till date are not available’.It had also informed the appellate tribunal that the actual upfront amount is Rs 39,500 crore and the rest Rs 2,500 crore has been committed # as working capital for Essar Steel.Insolvency resolution proceedings of Essar Steel had commenced on August 2, 2017 after the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the NCLT, Ahmedabad Bench.
Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 4,229 crore during its Corporate Insolvency Resolution period (over 600 days).The CoC submission before a National Company Law Appellatre Tribunal (NCLAT) implied that only Rs 39,500 crore would be available for distribution among the financial and operational creditors.The affidavit, however, said that "figures from April 1, 2019 till date are not available"
The CoC of Essar Steel has divided operational creditors of the company into two categories -- one with claims under Rs 1 crore and another above Rs 1 crore.Later, the National Company Law Tribunal had also approved the ArcelorMittal&China wholesale metric nut39;s resolution plan, however, it had asked the CoC to look into the issues of distribution of money to the operational creditors of the company.The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal..Moreover, this amount "excludes Rs 734 crore EBITDA utilised for Finance Costs (Financial Lease, LC/BG Charges to banks and finance charges on payables to suppliers etc) for maintaining the Corporate Debtor (Essar Steel) as a going concern," the affidavit said.The affidavit was filed following the directions of the appellate tribunal, which - on May 7, 2019 - directed the RP of Essar Steel to submit the details of earnings from operations of the company during the corporate insolvency period. In addition, the RP also mentioned an earning of Rs 229 crore for March this year.On May 16, the CoC had informed the NCLAT that out of Rs 42,000 crore coming from the resolution plan of ArcelorMittal, Rs 2,500 crore has been marked as the working capital of the debt-laden firm.
The affidavit, however, said that ’figures from April 1, 2019 till date are not available’.It had also informed the appellate tribunal that the actual upfront amount is Rs 39,500 crore and the rest Rs 2,500 crore has been committed # as working capital for Essar Steel.Insolvency resolution proceedings of Essar Steel had commenced on August 2, 2017 after the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the NCLT, Ahmedabad Bench.
Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 4,229 crore during its Corporate Insolvency Resolution period (over 600 days).The CoC submission before a National Company Law Appellatre Tribunal (NCLAT) implied that only Rs 39,500 crore would be available for distribution among the financial and operational creditors.The affidavit, however, said that "figures from April 1, 2019 till date are not available"
The product being considered by the DGAD
2019年9月28日The DGAD had initiated a probe into the alleged dumping, and its adverse impact on the domestic industry. https://www.jinduhardware.com/product/hex-nut/ The DGAD had initiated a probe into the alleged dumping, and its adverse impact on the domestic industry. New Delhi: Government has imposed a provisional anti-dumping duty for six months on seamless tubes, steel pipes, among others imported from China.
In March, the Directorate General for Anti-dumping and Allied Duties (DGAD) had recommended to the Revenue Department to impose provisional levy on import of certain types of iron and steel pipes from China used in oil and gas exploration in a bid to protect the domestic industry from cheap imports. "The Central Government... hereby imposes on the subject goods..., an anti-dumping duty at a rate which is equivalent to difference between the landed value of the subject goods...," the Central Board of Excise and Customs (CBEC) said in a notification.
The anti-dumping duty will be in the range of USD 961.33-1,610.67. "The duty imposed under this notification shall be effective for a period not exceeding 6 months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency," it said.
ISMT Ltd and Maharashtra Seamless had moved the DGAD for imposition of the duty on "seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14." They had alleged dumping of the products, originating in or exported from China, and the consequent injury to them. In its preliminary findings, DGAD said it was of the view that imposition of "provisional duty is required" to offset dumping and injury, pending completion of investigation.
Therefore, Authority (DGAD) considers it necessary and recommends imposition of provisional anti-dumping duty on imports of subject goods from the subject country...," it said in a notification. In July last year, the DGAD had initiated a probe into the alleged dumping, and its adverse impact on the domestic industry.
The product being considered by the DGAD includes boiler pipes or line pipes used in hydrocarbon industry and casing and tubing of a kind used in drilling for oil and gas exploration. The purpose of anti-dumping duties, in general, is to eliminate injury caused to the domestic industry by the unfair trade practices of dumping so as to re-establish a situation of open and fair competition in the market, which is in the general interest of the country.Imposition of the duties might affect price levels of the downstream products and consequently have some influence on relative competitiveness of these products.
In March, the Directorate General for Anti-dumping and Allied Duties (DGAD) had recommended to the Revenue Department to impose provisional levy on import of certain types of iron and steel pipes from China used in oil and gas exploration in a bid to protect the domestic industry from cheap imports. "The Central Government... hereby imposes on the subject goods..., an anti-dumping duty at a rate which is equivalent to difference between the landed value of the subject goods...," the Central Board of Excise and Customs (CBEC) said in a notification.
The anti-dumping duty will be in the range of USD 961.33-1,610.67. "The duty imposed under this notification shall be effective for a period not exceeding 6 months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency," it said.
ISMT Ltd and Maharashtra Seamless had moved the DGAD for imposition of the duty on "seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14." They had alleged dumping of the products, originating in or exported from China, and the consequent injury to them. In its preliminary findings, DGAD said it was of the view that imposition of "provisional duty is required" to offset dumping and injury, pending completion of investigation.
Therefore, Authority (DGAD) considers it necessary and recommends imposition of provisional anti-dumping duty on imports of subject goods from the subject country...," it said in a notification. In July last year, the DGAD had initiated a probe into the alleged dumping, and its adverse impact on the domestic industry.
The product being considered by the DGAD includes boiler pipes or line pipes used in hydrocarbon industry and casing and tubing of a kind used in drilling for oil and gas exploration. The purpose of anti-dumping duties, in general, is to eliminate injury caused to the domestic industry by the unfair trade practices of dumping so as to re-establish a situation of open and fair competition in the market, which is in the general interest of the country.Imposition of the duties might affect price levels of the downstream products and consequently have some influence on relative competitiveness of these products.
In a statement, Tata Steel said that trading conditions had “rapidly deteriorated” in Britain and Europe due to a global oversupply of steel, imports into Europe, high costs and currency volatility.Tata had previously announced a series of job cuts at its Port Talbot site in Wales, where it employs 4,000 people, with another 3,000 employed as contractors and temporary workers.The British government said it was looking at “all options” including taking a temporary stake in the country’s biggest steelworks at Port Talbot to save thousands of jobs. Tata acquired Corus, now Tata Steel Europe, in April 2007.
Analysts attributed the development to the loan that Tata Steel took to acquire Corus as well as the “tough” environment being faced by steel firms in Europe, particularly in the UK.Union representatives had travelled to Mumbai as a company board meeting was held to try to convince Tata to invest in the plants, which employ thousands in England and Wales.The company would “explore all options for portfolio restructuring including the potential divestment of Tata Steel UK, in whole or in parts”, it said.Politician Leanne Wood, leader of Welsh party Plaid Cymru, described the news as “devastating” and called for the Welsh Assembly to be recalled from its Easter break to respond to the crisis.Unions have accused China of killing off British industry by “dumping” steel on the market at prices that cannot be competed with and criticised the government for not sending a minister to India to lobby for the plants to be kept open. The European behemoth was formed by a merger of British Steel and Dutch firm Koninklijke Hoogo-vens in 1999.
These factors are likely to continue into the future and have significantly impacted the long term competitive position of the UK operations,” the statement read. Nine years after acquiring Corus to become Europe’s second-largest steel maker, Tata Steel, a Tata Group company, said it plans to sell its British assets in a move that puts thousands of jobs in doubt and strikes a deep blow to Britain’s crisis-hit steel industry.Nine years after acquiring Corus to become Europe’s second-largest steel maker, Tata Steel, a Tata Group company, said it plans to sell its British assets in a move that puts thousands of jobs in doub https://www.jinduhardware.com/product/hex-nut/ hexagonal nuts
Analysts attributed the development to the loan that Tata Steel took to acquire Corus as well as the “tough” environment being faced by steel firms in Europe, particularly in the UK.Union representatives had travelled to Mumbai as a company board meeting was held to try to convince Tata to invest in the plants, which employ thousands in England and Wales.The company would “explore all options for portfolio restructuring including the potential divestment of Tata Steel UK, in whole or in parts”, it said.Politician Leanne Wood, leader of Welsh party Plaid Cymru, described the news as “devastating” and called for the Welsh Assembly to be recalled from its Easter break to respond to the crisis.Unions have accused China of killing off British industry by “dumping” steel on the market at prices that cannot be competed with and criticised the government for not sending a minister to India to lobby for the plants to be kept open. The European behemoth was formed by a merger of British Steel and Dutch firm Koninklijke Hoogo-vens in 1999.
These factors are likely to continue into the future and have significantly impacted the long term competitive position of the UK operations,” the statement read. Nine years after acquiring Corus to become Europe’s second-largest steel maker, Tata Steel, a Tata Group company, said it plans to sell its British assets in a move that puts thousands of jobs in doubt and strikes a deep blow to Britain’s crisis-hit steel industry.Nine years after acquiring Corus to become Europe’s second-largest steel maker, Tata Steel, a Tata Group company, said it plans to sell its British assets in a move that puts thousands of jobs in doub https://www.jinduhardware.com/product/hex-nut/ hexagonal nuts
The unit employs about 6,500 people.Tata plans to halt production of steel plate, which would lead to about 900 job losses in Scunthorpe in northern England and 270 in Scotland, plus a small number at other sites, it said in a statement.Tata’s decision puts more pressure on British Prime Minister David Cameron, who said on Monday he would raise the issue of subsidised steel with China during a visit to Britain this week by President Xi Jinping.The company plans to restructure its struggling operations at the unit Tata Steel
The company plans to restructure its struggling operations at the unit London: Tata Steel, the biggest steelmaker in Britain, may cut about 1,200 jobs as part of plans to restructure its struggling operations, it https://www.jinduhardware.com said on Tuesday."Tata Steel, Europe’s second-largest steel producer, has cut thousands of jobs since it bought Anglo-Dutch producer Corus in 2007.Scunthorpe, which produces steel mainly used in construction and infrastructure projects, is part of Tata Steel’s loss-making long products unit, which the company is trying to sell.
This comes in response to a shift in market conditions caused by a flood of cheap imports, particularly from China, a strong pound and high electricity costs..The move would be another blow to the UK steel sector, hit by weak steel prices, after the liquidation of the UK’s second-largest steelmaker SSI UK was announced this month."We have looked at all other options before proposing these changes," said Karl Koehler, chief executive of Tata Steel’s European operations. “The prime minister can demonstrate that he is prepared to lead this commitment by stepping in this week and pressing the Chinese premier about the dumping of under-priced steel which is one of the major factors killing our industry,” said Gareth Stace, director of industry lobby UK Steel
The company plans to restructure its struggling operations at the unit London: Tata Steel, the biggest steelmaker in Britain, may cut about 1,200 jobs as part of plans to restructure its struggling operations, it https://www.jinduhardware.com said on Tuesday."Tata Steel, Europe’s second-largest steel producer, has cut thousands of jobs since it bought Anglo-Dutch producer Corus in 2007.Scunthorpe, which produces steel mainly used in construction and infrastructure projects, is part of Tata Steel’s loss-making long products unit, which the company is trying to sell.
This comes in response to a shift in market conditions caused by a flood of cheap imports, particularly from China, a strong pound and high electricity costs..The move would be another blow to the UK steel sector, hit by weak steel prices, after the liquidation of the UK’s second-largest steelmaker SSI UK was announced this month."We have looked at all other options before proposing these changes," said Karl Koehler, chief executive of Tata Steel’s European operations. “The prime minister can demonstrate that he is prepared to lead this commitment by stepping in this week and pressing the Chinese premier about the dumping of under-priced steel which is one of the major factors killing our industry,” said Gareth Stace, director of industry lobby UK Steel
Indian and Southeast Asian demand will rise but would not offset the decline in China, which accounts for about 70 per cent of Asian steel consumption, Moody’s report said.Steel demand in India will outpace the regional average as the country’s GDP growth of around 7.5 per cent in 2016 and 2017 based on Moody’s forecast, remains among the highest in Asia," Moody’s Investors Services said in a report.
We expect the volume of steel exported from China will grow by a low-single-digit percentage in the next 12 months and flatten out towards the end of 2017, down from 20 per cent year-on-year growth in 2015," it said https://www.jinduhardware.com/product/hex-nut/ wholesale Hex Nuts Factory From China Steel demand in India will outpace the regional average as the country’s GDP growth of around 7. The profitability of Indian steel companies such as Tata Steel and JSW Steel will outperform that of regional peers owing to rising domestic demand and Indian government’s protectionist measures in the form of minimum import prices and anti-dumping duties, it said. "In particular, steel demand in India will outpace the regional average as the country’s GDP growth of around 7. "We expect the profitability of the rated steel producers to remain higher than the regional industry average, because most of them are leaders in their respective countries, sell high-margin premium steel products and benefit from business integration and diversification, it said.5 per cent in 2016 and 2017. In addition, the expected ramp-up of Tata Steel’s greenfield Kalinganagar operations and JSWs brownfield expansion will help raise the companies earnings in 2016.Medi_
Countries are taking steps to limit the import of cheap steel, primarily from China, in an effort to protect their own steelmakers. The growth in Chinese steel exports slowed to 9 per cent per cent during the first half of 2016, according to China’s General Administration of Customs. New Delhi: Steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand
Moody’s on August 17 said. "We expect Asian steel demand will continue to decline by a low-single-digit percentage in the next 12 months owing mainly to slowing demand from China’s manufacturing and property sectors," it added. India’s reform and policy support for infrastructure and manufacturing, as well as increasing urbanisation, will drive steel consumption, said the report "Steel Asia: Lower Earnings Keep Outlook Negative". dc-Cover-n6pr1e1o6coq9o8ie7fs9f1o95-20160526142237.5 per cent in 2016 and 2017
We expect the volume of steel exported from China will grow by a low-single-digit percentage in the next 12 months and flatten out towards the end of 2017, down from 20 per cent year-on-year growth in 2015," it said https://www.jinduhardware.com/product/hex-nut/ wholesale Hex Nuts Factory From China Steel demand in India will outpace the regional average as the country’s GDP growth of around 7. The profitability of Indian steel companies such as Tata Steel and JSW Steel will outperform that of regional peers owing to rising domestic demand and Indian government’s protectionist measures in the form of minimum import prices and anti-dumping duties, it said. "In particular, steel demand in India will outpace the regional average as the country’s GDP growth of around 7. "We expect the profitability of the rated steel producers to remain higher than the regional industry average, because most of them are leaders in their respective countries, sell high-margin premium steel products and benefit from business integration and diversification, it said.5 per cent in 2016 and 2017. In addition, the expected ramp-up of Tata Steel’s greenfield Kalinganagar operations and JSWs brownfield expansion will help raise the companies earnings in 2016.Medi_
Countries are taking steps to limit the import of cheap steel, primarily from China, in an effort to protect their own steelmakers. The growth in Chinese steel exports slowed to 9 per cent per cent during the first half of 2016, according to China’s General Administration of Customs. New Delhi: Steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand
Moody’s on August 17 said. "We expect Asian steel demand will continue to decline by a low-single-digit percentage in the next 12 months owing mainly to slowing demand from China’s manufacturing and property sectors," it added. India’s reform and policy support for infrastructure and manufacturing, as well as increasing urbanisation, will drive steel consumption, said the report "Steel Asia: Lower Earnings Keep Outlook Negative". dc-Cover-n6pr1e1o6coq9o8ie7fs9f1o95-20160526142237.5 per cent in 2016 and 2017
Moto Guzzi Audace that retails for Rs 19. The Ducati Diavel Carbon is on sale at all Ducati dealerships across India. Braking is via twin 320mm discs clamped to Brembo Monobloc calipers and a rear 265mm disc. In place of the multi-spoke machined alloys on the standard Diavel are star-shaped forged and machined Marchesini wheels which are stronger and lighter, and look better too!
The exhaust system gets a black Zircotec ceramic coating which is heat-resistant and should keep riders& https://www.jinduhardware.com/product/hex-nut/ legs from toasting after a long, hard day;s ride. Updates include a longer service interval at 15,000km or 12 months and desmo valve adjustment service interval is set at 30,000km.72 lakh (ex-showroom), the # Diavel Carbon will set you back by Rs 3. Topping this up are twin exhaust end cans in stainless steel finish that add a nice contrast to the blacked out bike. Here’s what it offers over the regular version.BSIV-compliant motor:It retains the traits of the Diavel but with a newer and cleaner motor. It helps drop weight down by 5kg to a lightweight by cruiser standards 234kg (kerb).
Ducati was forced to discontinue the Diavel Carbon from the Indian two-wheeler market after the implementation of BSIV emission norms in April 2017. Now, the company has decided to relaunch the motorcycle with a BSIV-compliant engine. Wheels are a new design. In keeping with the sporty theme, the 770mm seat has been redesigned with sportier ergonomics in mind and should be accessible by riders of all sizes. Wheels are shod with Pirelli Diablo Rosso II tyres. High-spec suspension is courtesy 50mm fully adjustable Marzocchi front forks with DLC (diamond-like carbon) coating on the forks and fully adjustable rear Sachs monoshock dampers. Priced at Rs 19.A cruiser than handles:The Diavel has been known for its handling prowess and this one carries forward the legacy.94 lakh (ex-showroom Delhi).63 lakh when compared to the standard variant.
The Diavel Carbon faces competition from the recently launched Harley-Davidson Fat Bob which is priced at Rs 14.The bike is now available in its Euro 4-spec avatar and features a few new additions. Given the lighter wheels and newfound weight reduction, the Diavel Carbon should handle better than the standard Diavel. The Euro 4-spec and BSIV-compliant 1198.Source: ZigWheels.Devil is in the details:To stand apart from the standard Diavel, the Diavel Carbon gets a carbon fibre front mud guard, fuel tank and removable rear cowl.4cc Testastretta L-twin motor makes 152PS of power and 123Nm of torque and exhibits more sportsbike characteristics than that of a cruiser. Diavel has been known for its handling prowess and this one carries forward the legacy.com
The exhaust system gets a black Zircotec ceramic coating which is heat-resistant and should keep riders& https://www.jinduhardware.com/product/hex-nut/ legs from toasting after a long, hard day;s ride. Updates include a longer service interval at 15,000km or 12 months and desmo valve adjustment service interval is set at 30,000km.72 lakh (ex-showroom), the # Diavel Carbon will set you back by Rs 3. Topping this up are twin exhaust end cans in stainless steel finish that add a nice contrast to the blacked out bike. Here’s what it offers over the regular version.BSIV-compliant motor:It retains the traits of the Diavel but with a newer and cleaner motor. It helps drop weight down by 5kg to a lightweight by cruiser standards 234kg (kerb).
Ducati was forced to discontinue the Diavel Carbon from the Indian two-wheeler market after the implementation of BSIV emission norms in April 2017. Now, the company has decided to relaunch the motorcycle with a BSIV-compliant engine. Wheels are a new design. In keeping with the sporty theme, the 770mm seat has been redesigned with sportier ergonomics in mind and should be accessible by riders of all sizes. Wheels are shod with Pirelli Diablo Rosso II tyres. High-spec suspension is courtesy 50mm fully adjustable Marzocchi front forks with DLC (diamond-like carbon) coating on the forks and fully adjustable rear Sachs monoshock dampers. Priced at Rs 19.A cruiser than handles:The Diavel has been known for its handling prowess and this one carries forward the legacy.94 lakh (ex-showroom Delhi).63 lakh when compared to the standard variant.
The Diavel Carbon faces competition from the recently launched Harley-Davidson Fat Bob which is priced at Rs 14.The bike is now available in its Euro 4-spec avatar and features a few new additions. Given the lighter wheels and newfound weight reduction, the Diavel Carbon should handle better than the standard Diavel. The Euro 4-spec and BSIV-compliant 1198.Source: ZigWheels.Devil is in the details:To stand apart from the standard Diavel, the Diavel Carbon gets a carbon fibre front mud guard, fuel tank and removable rear cowl.4cc Testastretta L-twin motor makes 152PS of power and 123Nm of torque and exhibits more sportsbike characteristics than that of a cruiser. Diavel has been known for its handling prowess and this one carries forward the legacy.com
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