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Findoc Commodities recognised by NCDEX with Krishi Award 2021 ANI | Updated: Apr 05, 2021 14:13 IST
New Delhi/ Ludhiana (Punjab) [India], April 5 (ANI/NewsVoir): National Commodity & Derivatives Exchange Limited (NCDEX), the only commodity exchange in the country promoted by national level institutions, has awarded Findoc Commodities with Krishi Pragati Awards 2021.
Findoc commodities focus primarily on derivatives and commodities trading in Agri Commodities contracts. The exchange works closely with the Government of India on various aspects of the ecosystem around agriculture and farmers. NCDEX has acknowledged the outstanding contribution made by the company in the area of Agri Commodities.
Speaking on the awards, Hemant Sood, Managing Director, Findoc Group said, We are elated to be recognised by one of the most important commodity exchanges in the country. Agriculture is one of the most important sectors in the country and consumers sh
The steel contract will trade long steel products such as ingots and billets.
The National Commodity & Derivatives Exchange Ltd (NCDEX) will relaunch the Steel Futures contract on Monday, according to a release issued by the exchange.
At the start, contracts will be available for the months expiring in February 2021, March 2021 and April 2021. With this launch, the first in 2021, NCDEX has reentered the non-agricultural space expanding the range of derivative products.
Vijay Kumar, managing director and chief executive officer, said, “India is on the cusp of an exponential growth in infrastructure sector due to government impetus on making the country a $5 trillion economy in the coming years. As a result, the consumption of steel is likely to take a quantum leap ahead. As price of steel is a major component of total cost in many infra-projects, developers find it difficult to manage the volatility in steel prices in absence of an appropriate hedging platform in the country. The