High coking coal prices to impact gross margins of steel mills, says Ind-Ra
Coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021.
Coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021.
"During the month, Oil India Limited and private or joint venture fields recorded an increase of 5 percent YoY and 202 percent YoY, respectively, while Oil and Natural Gas Corporation Limited recorded a decline of 7.4 percent YoY in NG production volumes."
Notably, the domestic automobile industry's sales volumes (excluding CVs) grew 10 per cent YoY in February 2021, recording positive growth for the seventh consecutive month.
In a report on India's logistics sector, the ratings agency said that in October 2020, India's port volumes continued the recovery momentum with a month-on-month (MoM) increase of 5 per cent.
The labour productivity growth in the current financial year (FY19) is at 5.2 per cent.
The primary market activity in the corporate bond markets is likely to remain stable in the near future but growth…
The implementation of the Goods and Services tax (GST) will have a positive impact on state governments’ finances in the…
