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ArcelorMittal says may pay off dues of Uttam Galva as a goodwill gesture
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Economic activities will return to normal by Dec - The Hindu BusinessLine
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Bombay High Court restores 110MT/day O2 supply from Bhilai to state
ByVaibhav GanjapureVaibhav Ganjapure / Updated: Apr 22, 2021, 13:47 IST
Nagpur: Peeved over shortage of
oxygen supply to the hospitals in the city treating Covid-19 patients, the Nagpur bench of
Bombay high court on Wednesday condemned the Union ministry for health and family welfare and quashed its decision to reduce the
oxygen supply from
Bhilai Steel Plant.
In yet another historic hearing of the suo motu PIL based on TOI reports, that stretched till 10pm only for the second time in HC’s history, a division bench comprising justices Sunil Shukre and Shreeram Modak directed the plant authorities to restore 110MT/day supply to
Keerthi Sanagasetti
BL Research Bureau |
Updated on
April 03, 2021
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12% chance of one becoming big in 10 years; 55% don’t beat Sensex’s 9.8% CAGR
Rookie and so called high-risk investors often buy small-cap stocks, betting on their potential to become tomorrow’s large caps. But there is only a small possibility of this happening, going by their performance in the last decade. A check of the top 250 small-cap stocks by market capitalisation as on March 31, 2011 shows that in the last ten years, only three have moved to the large-cap bucket.
That is, barely a 1 per cent chance! Not just that, many small-caps also lost the battle in terms of alpha generation the very reason that one invests in these stocks. The returns (CAGR) generated by half the small-cap companies could not beat the Sensex’s 10 per cent returns (CAGR) in the last ten years.
Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Executive Chairman, said:
“2020 was a year of enormous challenge as countries, societies and businesses across the world grappled with the disruption caused by the COVID-19 pandemic. The impact on the steel industry was significant, but I am very proud of the resilience and enterprise shown by our people across the business which enabled ArcelorMittal to deliver a solid operating performance in times of adversity. We have fantastic teams across our operations.
Indeed, 2020 was a milestone year for the Company. Achieving our $7 billion net debt target marked the end of a long-term deleveraging program, and the start of a new phase which will allow the Company to focus on delivering sustainable shareholder returns as we continue to transform for the future. This process will be supported by changes we made to our portfolio, increasing the quality of its earnings potential, and by the investments we are making in high-growth projects
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