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Kamdhenu eyes Rs 1,000-crore revenue from paints section in next 5 years: CMD SECTIONS Last Updated: May 09, 2021, 12:16 PM IST Share Synopsis The paint industry in India is witnessing an annual growth of around 18-20 per cent, he said. Agarwal further said for better functioning of the segment, the management has decided to demerge the paints division into a separate entity and later list it on the stock exchanges. PTI Building materials maker Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects. The company is also in the process of hiving off its paints business into a separate entity, Satish Kumar Agarwal, Chairman and Managing Director (CMD), Kamdhenu Group, said. As per available figures provided by the company, Kamdhenu had garnered a revenue of Rs 226 crore from the paints segment in FY 2019-20. Kamdhenu Paints is a divisio ....
Building materials maker Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects. The company is also in the process of hiving off its paints business into a separate entity, Satish Kumar Agarwal, Chairman and Managing Director (CMD), Kamdhenu Group, said. As per available figures provided by the company, Kamdhenu had garnered a revenue of Rs 226 crore from the paints segment in FY 2019-20. Kamdhenu Paints is a division of Kamdhenu Group. We are aiming to achieve revenue of over Rs 1,000 crore by FY26 from our paints segment, citing the rising market share of organised players, the CMD told PTI. ....
Revoking of countervailing duty (CVD) and anti-dumping duty (ADD) on stainless steel products would give China a free hand in dumping cheap imports to the country, industry officials said on Wednesday. In the Union Budget for FY22, Finance Minister Nirmala Sitharaman announced revoking of countervailing duty on imports of flat products of stainless steel, originating in or exported from Indonesia. “The problem stainless steel industry faces is that it is mistaken to be part of the steel industry. It is not. It is a separate industry, which is facing dumping from China already since 2017. This move by the government will only give it a free hand to dump in the country via Indonesia,” K K Pahuja, president of Indian Stainless Steel Development Association (ISSDA), told Business Standard. ....
Updated Feb 01, 2021 | 20:03 IST SAIL Chairman Soma Mondal said the Budget has put emphasis on accelerating the growth momentum of the country by targeting infrastructural growth including road, rails, urban, power, ports, shipping etc Increased capex to spur steel demand in India, say steel makers & experts | Photo Credit: PTI New Delhi: The increased capital expenditure for infrastructure projects in Union Budget 2021-22 will push the demand for steel in the country, steel players and experts said. To augment the country s infrastructure, the Budget proposed significant enhancing of capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). ....