Welspun Corp Doubles its Revenue, Up by 230% in a Year
Welspun Corp, one of the largest end-to-end piping solutions providers, recently announced an increase in their net profit and doubling of revenue from operations to INR 4,750 crore. The company has unveiled a capex of INR 500 crore for a new DI pipe manufacturing facility in the Middle East. Feb 09, 2024 Welspun Corp recently […]
ISMT Envisioning Saleable Capacity of 2.5 lakh MT for Seamless Tubes
Started in 1977, with a unique combination of assel mills, a premium quality finishing(PQF) mill, and an integrated steel manufacturing facility, Indian Seamless Metal Tubes (ISMT) is one of the most diversified manufacturers of specialized seamless tubes. ISMT produces both hot-finished as well as cold-finished seamless tubes catering to applications such as the manufacture of […]
GAIL and GSPL Poised to Reap Benefit from New Gas Pipeline Tariff Rules
Due to the amendment in tariff regulations, GAIL and GSPL will be enabled to implement a gradual escalation in tariffs on an annual basis. December 1, 2022 The new notification by Petroleum and Natural Gas Regulatory Board (PNGRB) regarding rules on natural gas pipeline tariff, which became effective on November 18, will bring several positive […]
JSW Steel Modifies its FY23 CapEx Plan to INR 15,000 cr
Earlier, the CapEx plan of JSW Steel was INR 20k crore, which has now been modified to INR 15k crore. December 1, 2022 JSW Steel Ltd., an Indian steel manufacturer and a flagship company of the JSW Group, has modified its CapEx plans for the current fiscal to INR 15,000 crore. Earlier, the initially planned […]
Cairn Oil & Gas Bags Production Sharing Contract for Rajasthan Block
Cairn Oil & Gas recently won eight oil blocks and one coal-bed methane block under the DSF Round III bids, which now makes the company’s total assets in the country to 62. November 5, 2022 Cairn Oil & Gas, a Vedanta Ltd. unit, has won consent from the government to extend the Production Sharing Contract […]
Steel Pipe Makers: Huge Stock Gainers as Govt. Encourages Infra Projects
The steel pipe manufacturers are all set to be greatly benefitted from the CAPEX investments by the central and state governments in the sectors such as oil & gas, petrochemicals, and so on. The steel pipe industry is amongst the top gainers in the stock market as there is huge demand generated by numerous sectors, […]
