Chemical Industry faces challenges from short-term policy and poor infrastructure

Chemical industry operators are shifting their focus to specialty chemicals in an effort to increase margins in light of the current slowdown in the chemical sector. According to recent industry data, the chemical industry as a whole has experienced negative growth over the last three quarters. In contrast, the specialized chemicals industry has experienced expansion…

Read More

L&T receives a significant order for its Power Transmission & Distribution Business in the Middle East.

On Wednesday, Larsen & Toubro reported that the Middle East has given it significant orders for its Power Transmission & Distribution Business in the region of Rs 2500 crore–Rs 5000 crore. According to reports from the United Arab Emirates, a reputable service provider to the energy sector has given the company a contract to build…

Read More

Patel Engineering JV wins a contract worth Rs. 1,275.30 crore from the MP government

On Tuesday, Patel Engineering said that it has secured a project for Rs 1,275.30 crore in a joint venture with Madhya Pradesh Jal Nigam, a government undertaking. The contract’s scope includes everything needed to complete the Narmada-Gambhir, District Ujjain, and Indore Multi-Village Drinking Water Supply Scheme in one package on a “Turn-key Job Basis,” including…

Read More

By 2047, the Hotel Industry’s GDP contribution to India would reach USD 1 trillion: HAI

According to a projection, a large increase in domestic travel and foreign arrivals will lead the Indian hotel industry’s direct contribution to the GDP to reach USD 1 trillion by 2047. The Hotel Association of India (HAI) and Benori Knowledge released a report titled “Vision 2047: Indian Hotel Industry” that estimates the direct GDP contribution…

Read More

WPI inflation in July was negative for the fourth consecutive month at (-)1.36% due to falling prices for food and mineral oil.

According to an announcement from the Ministry of Commerce and Industry, the wholesale price-based inflation rate was (-)1.36% in July 2023 compared to (-)4.12% in June 2023. The costs of mineral oils, basic metals, chemicals, and chemical products, textiles, and food items have all decreased since July 2023, according to the report. For the fourth…

Read More