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India's steel imports surpass exports in July 2023
The first occurrence happened in July of the preceding year, breaking a streak of four years as a net steel exporter.In July, it was observed from a report of the Steel Ministry, as accessed by businessline, that India had become a net importer of steel for the first time in the current fiscal year.A Ministry official commented that the year-on-year increase in steel exports was due to the base effect from July 2022.Although, during the period from April to July, India continued to be a net steel exporter.In the span of April to July of the fiscal year, which covers a period of four months, exports displayed stagnancy, whereas imports surged by 23 percent year-on-year according to preliminary figures provided by the Ministry.

🔗Construction World

🇮🇳 India · 🗓️ August 10, 2023 · Building Material

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India's steel imports surpass exports in July 2023
The first occurrence happened in July of the preceding year, breaking a streak of four years as a net steel exporter.In July, it was observed from a report of the Steel Ministry, as accessed by businessline, that India had become a net importer of steel for the first time in the current fiscal year.A Ministry official commented that the year-on-year increase in steel exports was due to the base effect from July 2022.Although, during the period from April to July, India continued to be a net steel exporter.In the span of April to July of the fiscal year, which covers a period of four months, exports displayed stagnancy, whereas imports surged by 23 percent year-on-year according to preliminary figures provided by the Ministry.

🔗Construction World

🇮🇳 India · 🗓️ August 10, 2023 · Building Material

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Indigo Paints reports 58.26% growth in Q1 FY24
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🇮🇳 India · 🗓️ August 10, 2023 · Building Material

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Star Cement's Q1 FY24 Net Profit Surges 38.05%
79 billion recorded in the same quarter of the previous year.Furthermore, the board has promptly appointed Tushar Bhajanka as an extra director of the company.5 million in the corresponding period of the preceding fiscal year, as disclosed in a filing with the Bombay Stock Exchange (BSE).The company reported a profit after tax of Rs 932.24 percent from the Rs 6.

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🇮🇳 India · 🗓️ August 10, 2023 · Building Material

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Orient Cement Q1 FY24 net profit drops 1.02%
15 billion recorded in the same quarter of the previous year.41 million it had registered in the corresponding quarter of the previous fiscal year.03 million, which was lower than the Rs 370.01 per cent compared to the Rs 7.According to the company, its profit after tax for Q1 FY24 was Rs 370.

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🇮🇳 India · 🗓️ August 09, 2023 · Building Material

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