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The decision comes amid efforts to ensure stable supply of LPG for industries. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The government directed states to allocate more LPG to key industrial sectors amid supply disruptions * Major industries will receive 70% of LPG based on pre-March 2026 consumption levels * Sectors like pharma, food, polymer, and agriculture will benefit from increased LPG supply Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Centre on Wednesday announced that increase in the commercial LPG limit to 70 per cent of the pre-March 2026 bulk consumption level will be extended to industrial units in the pharma, food, polymer, agriculture, packaging, paint, uranium, heavy water, steel, seed, metal, ceramic, foundry, forging, glass, and aerosol sectors. The increase will be subject to an overall sectoral limit of 0.2 thousand metric tonnes per day. Besides, conditions regarding regi ...Read More >
New Delhi: The Centre on Wednesday allowed 70 percent commercial LPG allocation to a wide range of industrial sectors including pharma, ceramics, agriculture and others that cannot shift to natural gas. A notification issued by the Ministry of Petroleum and Natural Gas to all states and Union Territories, said that industrial units in the sectors of pharma, food, polymer, agriculture, packaging, paint, uranium, heavy water, Steel, seed, metal, ceramic, foundry, forging, glass, aerosol and other ...Read More >
New Delhi [India], April 7 (ANI): Sona BLW Precision Forgings Ltd., known as Sona Comstar, reached a production milestone of 500 million differential gears and 10 million differential assemblies since its inception. According to a regulatory filing by Sona Comstar on Tuesday, the firm increased its global market share in differential gears to an estimated 8.7 per cent in CY25, a rise from the 4.5 per cent share recorded in 2019. Also Read | 'McDonald's Burger' Netizens React After Finding Out ...Read More >
New Delhi: The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said. As per Avendus Capital analysis, India's auto component industry -- casting, forging, stamping and machining -- crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reaching approxima ...Read More >
Gujarat Victory Forgings IPO | The proposed offer comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter. Gujarat Victory Forgings Ltd has filed draft papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter, according to the draft red her ...Read More >
New Delhi, Apr 1 (PTI) Auto components maker Kay Jay Forgings Ltd has filed draft papers with markets regulator Sebi to raise Rs 360 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of shares worth Rs 60 crore by promoters, taking the total issue size to Rs 360 crore, according to the draft red herring prospectus (DRHP). The company may also consider a pre-IPO placement of up to Rs ...Read More >
Management attributes growth to expansion in the company's electric-vehicle traction-motor and railway businesses. Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Monday reported its highest-ever quarterly performance in Q2 FY26. The company's revenue from operations stood at ₹1,144 crore, up 24 per cent from ₹922 crore a year earlier. EBITDA rose 13 per cent to ₹289 crore from ₹256 crore in the same quarter last year, with a margin of 25.3 per cent, Net profit af ...Read More >
New Delhi: Motilal Oswal Mutual Fund on Monday bought shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction.According to the bulk deal available on the NSE, Motilal Oswal Mutual Fund (MF) purchased nearly 32 lakh equity shares, or 0.65 per cent stake, in Pune-based Bharat Forge. The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore.Details of the sellers of Bharat F ...Read More >
Union Minister H. D. Kumaraswamy confirms an incentive scheme to ramp up domestic rare earth magnet production. Leading companies, including Mahindra & Mahindra, Uno Minda, and Sona BLW Precision Forgings, are eager to invest in local manufacturing facilities to support this strategic push. India has launched a Rs 1,345 crore incentive programme to enhance domestic production of rare earth magnets, aiming to reduce reliance on China. India's initiative responds to China's tightened export contr ...Read More >
Talbros Automotive has secured orders totalling Rs 345 crore, including Rs 131 crore in exports, primarily to Europe. The heat shield segment accounts for Rs 245 crore, with orders from multiple OEMs, while the gasket division contributes the remaining Rs 100 crore.Shares of Talbros Automotive Components, in which ace investor Dolly Khanna holds a stake, surged 15% on Wednesday after its joint venture secured orders worth Rs 475 crore for both the domestic and export markets from leading OEMs. ...Read More >
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