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GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

SDLG goes stronger in India

Sales of SDLG-brand equipment have increased over 200 per cent since the company launched in India, with strong uptake from customers in the ports, mining and quarrying sectors.

Credit demand may pick up in the second half of FY 2015-16

In July 2014, the current government presented its first budget which was predominantly growth-oriented. The announcements made in the budget represented measures to tame inflation and provide a boost to investments in manufacturing and infrastructure sector.

Mines ministry releases mineral production figures for January 2014

The total value of mineral production (excluding atomic & minor minerals) in the country during January 2014 was Rs. 19369 crore. The contribution of coal was Rs. 6908 crore, Petroleum (crude) Rs. 5954 crore, iron ore Rs. 2613 crore, natural gas (utilized) Rs. 1907 crore, limestone Rs. 406 crore and lignite Rs. 544 crore.

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Mineral production declines 5.7% in May

A government statement shows, mineral sector witnessed 5.7 per cent fall in output during May 2013 as compared to that of the corresponding month of previous year. The total value of mineral production (excluding atomic & minor minerals) stood at Rs 18,074 crore in May 2013. But the index of mineral production of mining and quar

New Brand Identity

The new brand identity, Tata Hitachi Construction Machinery Company, marks an important milestone in shaping the future trajectory of Telcon.Telcon is now Tata Hitachi Construction Machinery Company. The new brand identity was launched recently at a grand ceremony at the Kharagpur plant of the company in West Bengal.This is the third manufacturing facility of the company after Jamshedpur and Dharwad.

New mining specialist for Powerscreen

Powerscreen, one of the world?s leading providers of mobile crushing, screening and washing equipment, has appointed Allen Smith as the company?s Mining Business Development Manager.

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