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Showing posts with label Thermax. Show all posts
Showing posts with label Thermax. Show all posts

Sunday, June 01, 2014

Monday, April 21, 2014

Tuesday, April 15, 2014

Wednesday, January 02, 2013

Tuesday, May 15, 2012

Monday, March 26, 2012

Friday, February 10, 2012

Sunday, November 06, 2011

BHEL, Thermax rise as Govt mulls 14% import duty on power gear


Shares of Bharat Heavy Electricals Ltd. (BHEL), Thermax and BGR Energy rallied amid media reports that the Government was contemplating imposing 14% import duty on power equipment to curb the influx of cheaper products, primarily from China. The Union Heavy Industries Ministry has sought the Government’s approval for a proposal to impose a 14% import duty on power equipment, Minister Praful Patel said in New Delhi today. Officials from companies, including BHEL, Larsen & Toubro Ltd. met Patel in New Delhi today. There seemed to be a consensus for ensuring a level-playing field for the domestic power equipment manufacturers like BHEL and L&T vis-a-vis Chinese imports. In 2010, a panel headed by Planning Commission member Arun Maira recommended 14% import duties to bridge the disadvantage faced by local manufacturers against overseas rivals, especially from China. "We are asking for a level playing field, we are not asking for any special protection," BHEL Chairman B. Prasad Rao told reporters in New Delhi after today’s meeting. "There is agreement that the old argument about indigenous manufacturing not having enough capacity to carry India is no longer valid," Rao added. "We are not asking for protection, only level-playing field... there seems to be a consensus on this," L&T Chairman A.M. Naik told reporters after the meeting. Besides the industry players, senior officials of the Ministries of Heavy Industries, Power and Commerce attended the meeting. Currently, the projects with less than 1,000 MW generation capacity attract 5% import duty while the rest enjoy duty free import of equipment.

Friday, October 21, 2011

Sunday, July 24, 2011

Thursday, March 31, 2011

Saturday, March 19, 2011

Sunday, February 27, 2011

Thermax


A strong pace of execution in projects from steel and cement industries, comfortable order book, entry into utility power equipment and almost nil debt are all positives for energy and environment solutions provider Thermax.