Government likely to extend export benefits under RoDTEP scheme for pharma, steel, chemical sectors

Government likely to extend export benefits under RoDTEP scheme for pharma, steel, chemical sectors

The government is expected to extend export benefits under the RoDTEP scheme to iron and steel, chemicals and pharmaceutical sectors beyond September 30, according to a senior official. In December 2022, the government extended the benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme to chemicals, pharmaceuticals and products of iron … Read more

JSPL top steel pick yet again, SAIL’s debt clouds prospects

JSPL top steel pick yet again, SAIL’s debt clouds prospects

Mumbai: Jindal Steel and Power‘s (JSPL) strong balance sheet and prospects of a further improvement in profitability have analysts vouching for it as the steel sector‘s top pick yet again. They remain wary about state-owned peer SAIL given its high debt levels. Both the steel majors announced earnings for the June quarter last week. Most … Read more