Today Sector News – 24.10.2018
* METALS: The National Stock Exchange of India has received the Securities and Exchange Board of India's approval to launch futures contract of copper.
-In line with the Supreme Court's order, the government notified the approval for import of 500,000 tn per year of calcined petroleum coke for the aluminium industry and 1.4 mtpa of raw pet coke for calcined pet coke manufacturers.
* STEEL: ArcelorMittal has agreed to pay a total of 500 bln rupees, including 80 bln rupees of capital infusion, to acquire Essar Steel, as bankers started voting on its offer.
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-In line with the Supreme Court's order, the government notified the approval for import of 500,000 tn per year of calcined petroleum coke for the aluminium industry and 1.4 mtpa of raw pet coke for calcined pet coke manufacturers.
* STEEL: ArcelorMittal has agreed to pay a total of 500 bln rupees, including 80 bln rupees of capital infusion, to acquire Essar Steel, as bankers started voting on its offer.
