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Volatile commodity prices posing challenges to economic recovery: Ind-Ra

The sustained pace of rising commodity prices is likely to pose challenges for the financial market, by way of abrupt volatility in key commodity prices such as crude oil, says India Ratings and Research (Ind-Ra) report.Read more

Fastener makers hit by rising raw material prices

Raw materials account for about 60-70% of production cost in fastener industry. Post-Covid the prices of commodities are skyrocketing causing a concern among fastener manufacturers.Read more

MSME engineering exporters in India want PM intervention on rising steel prices

The engineering exporters in the MSME segment have sought Prime Minister Narendra Modi's intervention on rising steel prices.Read more

Pump manufacturers in Coimbatore hike prices by 15 per cent

The price hike is due to the rise of raw material and spare parts prices which government was unable to control. Given that the demand is high in the industry for material supplies the industry is experiencing a tough time. Read more

High steel prices hammering growth of Indian forging industry: AIFI

Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more

AAI recommends increase in import duty on aluminium

Due to lack of policy support, 23 lakh tonnes of aluminium (ie, 58% of India's demand) were imported in India in FY19, resulting in a forex outgo of Rs 38,000 croreRead more

“Fluctuating RM prices are barrier to growth of heat exchanger market”

New Dahej plant has more than doubled Godrej and Boyce’s capacity to manufacture heat exchangers. In this interview, Allen Antao, Executive Vice President & Business Head, Godrej Process Equipment, highlights trends in the market and the company’s growth plans.Read more

NMDC hikes iron ore prices by Rs 400 per tonne

Country's largest iron ore producer NMDC has increased the price of high grade iron ore (lumps) by Rs 400 to Rs 3,000 per tonne. Read more

Monotech Engineers offers quality products at competitive prices

Monotech Engineers Pvt Ltd is a N S Energy Group flagship company engaged in design, engineering, manufacturing and export of industrial equipment. Read more

Kirloskar Oil Engines to increase prices of power generators

The entire range of 2 to 1010kVA power generator sets under KOEL Green & KOEL Chhota Chilli brands will be raised by 5-8 per cent from June 10, 2018Read more

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