Thursday, Oct 6 2022 | Time 08:38 Hrs(IST)
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Business Economy


CPP eyes annual turnover of Rs 300 cr by 2024 in FRP segment

Mumbai, Jul 23 (UNI) In a move towards creating a sustainable impact, Chemical Process Piping (CPP), a 60-year-old and India’s premiere industrial piping solutions company that pioneers in manufacturing GRP and FRP-based pipes, announced on Saturday the implementation of FRP (fibre-reinforced plastic) stack in FGD plant set up by BIFPCL -- Bangladesh India Friendship Power Company Ltd, which is a joint venture of 50:50 sharing by India state-owned National Thermal Power Corporation and Bangladesh Power Development Board.
With ongoing domestic and international projects, CPP is eyeing to reach Rs 300 crore annual turnover by 2024 which is first in the FRP sector for a pureplay FRP Piping company.
The company exports to countries like Germany, Singapore, USA, France, Finland, Spain, Belgium, Italy, Kuwait, Bahrain, Malaysia, Thailand, Indonesia, Australia, Jordan, Saudi Arabia, Canada, etc.
The core industries CPP caters to are power, desalination, chemicals, oil & gas, and metallurgy, a release stated here.
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Govt modifies emergency credit line guarantee scheme for civil aviation sector

05 Oct 2022 | 6:37 PM

New Delhi, Oct 5 (UNI) The government has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to give the civil aviation sector necessary collateral-free liquidity at reasonable interest rates to tide over their present cash flow problems, an official statement said on Wednesday.

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World gas prices in Aug rose by 250pc year-on-year

World gas prices in Aug rose by 250pc year-on-year

05 Oct 2022 | 5:27 PM

Geneva, Oct 5 (UNI) Energy prices in the world in August increased by 78% year-on-year, while gas prices rose by 250%, according to the World Trade Organization (WTO) its fresh report released on Wednesday.

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SHF launches new loan products

SHF launches new loan products

05 Oct 2022 | 12:11 PM

Chennai, Oct 5 (UNI) Sundaram Home Finance (SHF), a wholly
owned subsidiary of Sundaram Finance, today announced the
launch of customized business loan product for small traders,
shops and business owners.

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ZEEL receives approval from CCI for proposed merger with Sony

04 Oct 2022 | 10:14 PM

Mumbai, Oct 4 (UNI) ZEE Entertainment Enterprises Ltd (ZEEL) on Tuesday said that it has received an approval from the Competition Commission of India (CCI) for its proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited).
The CCI has granted the approval in Phase-1 after evaluating the official legal and economic submissions made by the company, a statement from the company said

"Considering the immense value which the proposed merger will generate for all its stakeholders, the Company has offered the necessary remedies in accordance with the regulator’s guidelines. Detailed order is awaited," the statement said.

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Jio to start beta trial of 5G services on Dussehra in 4 cities

Jio to start beta trial of 5G services on Dussehra in 4 cities

04 Oct 2022 | 9:53 PM

Mumbai, Oct 4 (UNI) Reliance Jio on Tuesday announced the launch of Beta trial of its 5G services on the auspicious occasion of Dussehra for its users in four cities of Mumbai, Delhi, Kolkata, and Varanasi.

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