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ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs
The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more
Domestic steel makers struggle with sluggish demand growth: ICRA
Profitability may recover somewhat in Q3, with a sharp fall in coking coal prices in August 2019 and expectation of better demand from the construction sector during that quarter.Read more
Privatisation of coal mining to boost production
India’s coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India’s coal demand, especially for higher grade thermal coal/washed coal and coking coal. The country’s coal imports remain high, accounting for around 24 per cent of the present domestic demand. Read more