The company experienced strong demand from the white goods, automotive, railway, and infrastructure sectors, with consolidated sales increasing by 12% to ₹9,797 crore and EBITDA surging 80% to ₹1,231 crore during the quarter. The government’s emphasis on stainless steel in strategic sectors has boosted domestic sales, and the company is optimistic about the potential growth in India’s per capita stainless steel consumption.
Sectors
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ISRO prepares for maiden Gaganyaan human space flight test
ISRO aspires to launch humans into a Low Earth Orbit, conduct a three-day Gaganyaan mission, and ensure their safe return to Earth.
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Coromandel International commissions Rs 400-cr sulphuric acid plant in Vizag
Coromandel continues to enhance its capabilities in key raw materials and intermediates.
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Motherson is increasing its focus on non-automotive businesses
Motherson has strategically expanded its capabilities through four acquisitions.
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Gulf Oil and S-OIL SEVEN join forces to expand footprint in India
Launch premium range of S-OIL SEVEN Brand in India
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Ashok Leyland inaugurates ‘women-centric cabin trim line’ at Pantnagar plant
Ashok Leyland is dedicated to cultivating a more inclusive workforce.
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Omega Seiki Mobility partners with Honda Power Pack Energy for swappable batteries
Omega Seiki Mobility’s vision for India’s future lies in the rise of electric mobility applications across all categories.
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Vipul Organics achieves ZDHC level 3 certification for textile dyes
Becomes one of the first Indian companies to receive OEKO -TEX ECO PASSPORT
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Pixel smartphones to be manufactured in India, expanding device lineup from 2024
Google follows Apple’s lead in introducing ‘Made in India’ devices.