Commenting on the data, rating agency ICRA said: "We expect the IIP to post a subdued volume growth in February 2017."
Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm Ultratech to Rs 16,189 crore.
The eight core sectors expanded to 16-month high of 6.4 per cent in March due to pick-up in refinery products, fertilisers and cement production.
llocation of coal linkages for the non-regulated sector, which includes steel and cement, will be only through the auction route to ensure transparency, government said today.
Crude oil segment declined (-)0.1 percent in September while the sector had shown a healthy growth of 5.6 percent in August.
The output growth of coal, steel, cement and electricity stood at 8.2 percent, 12 percent, 13.4 percent and 15.7 percent, respectively in June 2014.
Nearly 250 stocks from BSE-500 trading close to 20-100 percent lower from their respective 52-week highs
The acquisition includes 4.9 million tonne per annum (mtpa) of grinding capacity, 5.2 mtpa of clinker capacity and 180 MW of captive power plant. According to the companies’ press release, the acquisition of the Madhya Pradesh units will create significant synergies for UltraTech.
UltraTech Cement has agreed to buy two cement plants from Jaiprakash Associates for Rs 5,400 crore ($852 million) including debt, the companies said on Tuesday. Both the plants are Madhya Pradesh. <br />
Of the 92 mines to be allotted and auctioned in the first lot, 57 would be given to the power sector, and the remaining would be for industries like steel and cement.
The growth rate of eight of core industries rose to four-month high of 6.3 percent in October<br />
Exercising its rarely-used powers for the second time in less than three months, fair trade watchdog CCI has put another mega merger deal -- between Holcim and Lafarge -- under public scrutiny after prima facie finding it could hurt competition in Indian cement market.<br />
The government is now planning to allocate coal blocks through auction by February next.<br />
A Firstbiz analysis of July-September earnings of 159 companies has shown their net profit witnessed a 37.4 percent surge while their revenue grew a subdued 4.3 percent
The move comes against the backdrop of the Supreme Court last month quashing allocation of 214 coal blocks to various companies since 1993.
The IIP numbers have dampened the sentiments the markets received after a 5.7 percent GDP growth logged in the first quarter of the current fiscal year.<br />